DUNK vs. IQM

Last updated Jun 25, 2026

DUNK (Dana Unconstrained Equity ETF) and IQM (Franklin Intelligent Machines ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. DUNK charges 0.75%/yr vs 0.50%/yr for IQM.

Performance

DUNK vs. IQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dana Unconstrained Equity ETF (DUNK) 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, DUNK achieves a -2.46% return, which is significantly lower than IQM's 34.32% return.

DUNK

• 1D: 0.25%
• 1M: 0.03%
• YTD: -2.46%
• 6M: -3.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQM

• 1D: -0.62%
• 1M: 2.95%
• YTD: 34.32%
• 6M: 30.89%
• 1Y: 61.93%
• 3Y*: 35.24%
• 5Y*: 20.00%
• 10Y*: —

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

DUNK vs. IQM - Yearly Performance Comparison

	2026 (YTD)	2025
DUNK Dana Unconstrained Equity ETF	-2.46%	-1.64%
IQM Franklin Intelligent Machines ETF	34.32%	3.56%

Correlation

The correlation between DUNK and IQM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.50

Return for Risk

DUNK vs. IQM — Risk / Return Rank

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

DUNK

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IQM

IQM Risk / Return Rank: 70
IQM Sharpe Ratio Rank: 69
IQM Sortino Ratio Rank: 57
IQM Omega Ratio Rank: 62
IQM Calmar Ratio Rank: 85
IQM Martin Ratio Rank: 77

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.

DUNK vs. IQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dana Unconstrained Equity ETF (DUNK) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DUNK	IQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.98	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	4.23	—
Martin ratio: Return relative to average drawdown	—	13.19	—

Drawdowns

DUNK vs. IQM - Drawdown Comparison

The maximum DUNK drawdown since its inception was -25.64%, smaller than the maximum IQM drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for DUNK and IQM.

Drawdown Indicators

	DUNK	IQM	Difference
Max Drawdown Largest peak-to-trough decline	-25.64%	-44.91%	+19.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.71%	—
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	-11.50%	-6.78%	-4.72%
Average Drawdown Average peak-to-trough decline	-10.00%	-12.18%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.71%	—

Volatility

Volatility by Period

	DUNK	IQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.25%	31.46%	-9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.25%	29.56%	-7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	31.09%	-8.84%

DUNK vs. IQM - Expense Ratio Comparison

DUNK has a 0.75% expense ratio, which is higher than IQM's 0.50% expense ratio.

Dividends

DUNK vs. IQM - Dividend Comparison

Neither DUNK nor IQM has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DUNK Dana Unconstrained Equity ETF	0.00%	0.00%	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 DUNK and IQM in my portfolio?

DUNK and IQM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUNK or IQM?

On fees, IQM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DUNK or IQM?

IQM is cheaper with a 0.50% expense ratio, compared with 0.75% for DUNK.

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

DUNK and IQM have nearly identical dividend yields, around 0.00%.

What is the main difference between DUNK and IQM?

They also come from different issuers: Dana and Franklin Templeton. Their fees differ too: 0.75% for DUNK and 0.50% for IQM.