IGM vs. IQM
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and Franklin Intelligent Machines ETF (IQM).
IGM and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGM or IQM.
Performance
IGM vs. IQM - Performance Comparison
Returns By Period
In the year-to-date period, IGM achieves a 35.29% return, which is significantly higher than IQM's 32.32% return.
IGM
35.29%
2.56%
13.96%
43.21%
21.81%
20.19%
IQM
32.32%
5.98%
12.43%
41.76%
N/A
N/A
Key characteristics
| IGM | IQM | |
|---|---|---|
| Sharpe Ratio | 2.09 | 1.68 |
| Sortino Ratio | 2.72 | 2.22 |
| Omega Ratio | 1.37 | 1.30 |
| Calmar Ratio | 2.96 | 2.23 |
| Martin Ratio | 10.68 | 7.23 |
| Ulcer Index | 4.10% | 5.73% |
| Daily Std Dev | 20.95% | 24.63% |
| Max Drawdown | -65.59% | -44.91% |
| Current Drawdown | -1.40% | -0.51% |
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IGM vs. IQM - Expense Ratio Comparison
IGM has a 0.46% expense ratio, which is lower than IQM's 0.50% expense ratio.
Correlation
The correlation between IGM and IQM is 0.90, 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.
Risk-Adjusted Performance
IGM vs. IQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
Dividends
IGM vs. IQM - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.31%, while IQM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGM vs. IQM - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, which is greater than IQM's maximum drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for IGM and IQM. For additional features, visit the drawdowns tool.
Volatility
IGM vs. IQM - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) and Franklin Intelligent Machines ETF (IQM) have volatilities of 6.19% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.