IQM vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and S&P 500 Index (^GSPC).

IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.

Performance

IQM vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

IQM vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	3.20%	30.76%	31.03%	41.06%	-33.36%	25.18%	78.48%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	26.10%

Returns By Period

In the year-to-date period, IQM achieves a 3.20% return, which is significantly higher than ^GSPC's -3.95% return.

IQM

• 1D: 1.99%
• 1M: -3.98%
• YTD: 3.20%
• 6M: 2.05%
• 1Y: 57.05%
• 3Y*: 26.96%
• 5Y*: 15.40%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

IQM vs. ^GSPC — Risk / Return Rank

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

IQM

IQM Risk / Return Rank: 87
IQM Sharpe Ratio Rank: 84
IQM Sortino Ratio Rank: 85
IQM Omega Ratio Rank: 81
IQM Calmar Ratio Rank: 94
IQM Martin Ratio Rank: 90

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC 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.

IQM vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and S&P 500 Index (^GSPC). 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.

	IQM	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.72	0.92	+0.80
Sortino ratio Return per unit of downside risk	2.33	1.41	+0.91
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	4.00	1.41	+2.59
Martin ratio Return relative to average drawdown	12.47	6.61	+5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQM vs. ^GSPC - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.72, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of IQM and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IQM	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	0.92	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.61	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.46	+0.33

Correlation

The correlation between IQM and ^GSPC is 0.84, 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.

Drawdowns

IQM vs. ^GSPC - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IQM and ^GSPC.

Drawdown Indicators

	IQM	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-56.78%	+11.87%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-12.14%	-2.57%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-25.43%	-19.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.86%	-5.78%	-1.08%
Average Drawdown Average peak-to-trough decline	-12.55%	-10.75%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	2.60%	+2.12%

Volatility

IQM vs. ^GSPC - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 12.71% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	5.37%	+7.34%
Volatility (6M) Calculated over the trailing 6-month period	23.53%	9.55%	+13.98%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	18.33%	+15.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.67%	16.90%	+11.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	18.05%	+12.68%