FPX vs. IQM
Compare and contrast key facts about First Trust US Equity Opportunities ETF (FPX) and Franklin Intelligent Machines ETF (IQM).
FPX and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.
Performance
FPX vs. IQM - Performance Comparison
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FPX vs. IQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | -1.32% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 54.28% |
IQM Franklin Intelligent Machines ETF | 3.20% | 30.76% | 31.03% | 41.06% | -33.36% | 25.18% | 78.48% |
Returns By Period
In the year-to-date period, FPX achieves a -1.32% return, which is significantly lower than IQM's 3.20% return.
FPX
- 1D
- 1.61%
- 1M
- -3.75%
- YTD
- -1.32%
- 6M
- -2.81%
- 1Y
- 43.47%
- 3Y*
- 24.63%
- 5Y*
- 6.32%
- 10Y*
- 12.97%
IQM
- 1D
- 1.99%
- 1M
- -3.98%
- YTD
- 3.20%
- 6M
- 2.05%
- 1Y
- 57.05%
- 3Y*
- 26.96%
- 5Y*
- 15.40%
- 10Y*
- —
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FPX vs. IQM - Expense Ratio Comparison
FPX has a 0.57% expense ratio, which is higher than IQM's 0.50% expense ratio.
Return for Risk
FPX vs. IQM — Risk / Return Rank
FPX
IQM
FPX vs. IQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Opportunities ETF (FPX) 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.
| FPX | IQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 1.72 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.05 | 2.33 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 4.00 | -0.81 |
Martin ratioReturn relative to average drawdown | 10.78 | 12.47 | -1.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPX | IQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.72 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.54 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.78 | -0.26 |
Correlation
The correlation between FPX and IQM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPX vs. IQM - Dividend Comparison
FPX's dividend yield for the trailing twelve months is around 0.58%, while IQM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.58% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPX vs. IQM - Drawdown Comparison
The maximum FPX drawdown since its inception was -56.29%, which is greater than IQM's maximum drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for FPX and IQM.
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Drawdown Indicators
| FPX | IQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.29% | -44.91% | -11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -14.71% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -44.91% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -43.14% | — | — |
Current DrawdownCurrent decline from peak | -6.75% | -6.86% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -12.55% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 4.72% | -0.52% |
Volatility
FPX vs. IQM - Volatility Comparison
The current volatility for First Trust US Equity Opportunities ETF (FPX) is 9.11%, while Franklin Intelligent Machines ETF (IQM) has a volatility of 12.71%. This indicates that FPX 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.
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Volatility by Period
| FPX | IQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 12.71% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 23.53% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.37% | 33.40% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 28.67% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 30.73% | -6.56% |