BKCG vs. IQM

Last updated Jun 4, 2026

BKCG (BNY Mellon Concentrated Growth ETF) and IQM (Franklin Intelligent Machines ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past year, BKCG returned 13.80% vs 75.07% for IQM. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

BKCG vs. IQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated Growth ETF (BKCG) and Franklin Intelligent Machines ETF (IQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCG achieves a 4.02% return, which is significantly lower than IQM's 40.18% return.

BKCG

• 1D: -1.19%
• 1M: 1.33%
• YTD: 4.02%
• 6M: 4.51%
• 1Y: 13.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQM

• 1D: -0.37%
• 1M: 11.94%
• YTD: 40.18%
• 6M: 38.57%
• 1Y: 75.07%
• 3Y*: 37.62%
• 5Y*: 22.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKCG vs. IQM - Yearly Performance Comparison

	2026 (YTD)	2025
BKCG BNY Mellon Concentrated Growth ETF	4.02%	18.56%
IQM Franklin Intelligent Machines ETF	40.18%	53.90%

Correlation

The correlation between BKCG and IQM is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.75

The correlation between BKCG and IQM has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

BKCG vs. IQM - Sectors Allocation Comparison

Sectors	BKCG	IQM
Technology	37.8%	65.9%
Financial Services	19.5%	-
Communication Services	12.8%	2.1%
Consumer Cyclical	11.6%	4.1%
Industrials	9.2%	19.9%
Healthcare	6.2%	1.1%
Consumer Defensive	2.9%	-
Basic Materials	-	-
Energy	-	2.7%
Real Estate	-	-
Utilities	-	3.3%

Return for Risk

BKCG vs. IQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKCG

BKCG Risk / Return Rank: 29
BKCG Sharpe Ratio Rank: 30
BKCG Sortino Ratio Rank: 28
BKCG Omega Ratio Rank: 29
BKCG Calmar Ratio Rank: 25
BKCG Martin Ratio Rank: 32

IQM

IQM Risk / Return Rank: 78
IQM Sharpe Ratio Rank: 81
IQM Sortino Ratio Rank: 66
IQM Omega Ratio Rank: 71
IQM Calmar Ratio Rank: 88
IQM Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKCG vs. IQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Concentrated Growth ETF (BKCG) and Franklin Intelligent Machines ETF (IQM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BKCG	IQM	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.67	-1.62
Sortino ratio: Return per unit of downside risk	1.51	3.11	-1.59
Omega ratio: Gain probability vs. loss probability	1.19	1.43	-0.24
Calmar ratio: Return relative to maximum drawdown	1.14	5.13	-3.99
Martin ratio: Return relative to average drawdown	4.65	16.79	-12.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCG vs. IQM - Sharpe Ratio Comparison

The current BKCG Sharpe Ratio is 1.05, which is lower than the IQM Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of BKCG and IQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKCG	IQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.67	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.96	+0.13

Drawdowns

BKCG vs. IQM - Drawdown Comparison

The maximum BKCG drawdown since its inception was -12.12%, smaller than the maximum IQM drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for BKCG and IQM.

Drawdown Indicators

	BKCG	IQM	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-44.91%	+32.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-14.71%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.91%	—
Current Drawdown Current decline from peak	-2.09%	-0.37%	-1.72%
Average Drawdown Average peak-to-trough decline	-1.97%	-12.25%	+10.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	4.49%	-1.52%

Volatility

BKCG vs. IQM - Volatility Comparison

The current volatility for BNY Mellon Concentrated Growth ETF (BKCG) is 3.38%, while Franklin Intelligent Machines ETF (IQM) has a volatility of 9.20%. This indicates that BKCG experiences smaller price fluctuations and is considered to be less risky than IQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCG	IQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	9.20%	-5.82%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	22.92%	-12.55%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	28.27%	-15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	28.91%	-10.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	30.72%	-12.69%

BKCG vs. IQM - Expense Ratio Comparison

Both BKCG and IQM have an expense ratio of 0.50%.

Dividends

BKCG vs. IQM - Dividend Comparison

BKCG's dividend yield for the trailing twelve months is around 0.78%, while IQM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BKCG BNY Mellon Concentrated Growth ETF	0.78%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%

Frequently Asked Questions

Can I hold both BKCG and IQM in my portfolio?

BKCG and IQM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCG or IQM?

IQM has higher volatility (9.20%) compared to BKCG (3.38%). In terms of maximum drawdown, BKCG dropped -12.12% vs IQM's -44.91%.

Which ETF is better, BKCG or IQM?

On 1-year performance, IQM leads with 75.07% vs 13.80% for BKCG. Both ETFs have the same 0.50% expense ratio. On volatility, BKCG has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCG or IQM?

Over the 1-year period, IQM has performed better with a 75.07% return vs 13.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCG or IQM?

BKCG and IQM have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, BKCG or IQM?

BKCG has the higher dividend yield at 0.78%, compared with 0.00% for IQM.

What is the main difference between BKCG and IQM?

They also come from different issuers: BNY Mellon and Franklin Templeton.

Which has better risk-adjusted returns?

IQM currently has the higher Sharpe Ratio (2.67 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.