IQM vs. CCOR

Last updated Jul 15, 2026

IQM (Franklin Intelligent Machines ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 5 years, IQM returned 18.79%/yr vs -1.80%/yr for CCOR. At a 0.02 correlation, their price movements are largely independent. IQM charges 0.50%/yr vs 1.09%/yr for CCOR.

Performance

IQM vs. CCOR - Performance Comparison

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

Returns By Period

In the year-to-date period, IQM achieves a 27.48% return, which is significantly higher than CCOR's -0.32% return.

IQM

• 1D: 2.19%
• 1M: -4.67%
• 6M: 16.81%
• YTD: 27.48%
• 1Y: 47.04%
• 3Y*: 30.36%
• 5Y*: 18.79%
• 10Y*: —

CCOR

• 1D: -0.39%
• 1M: 1.22%
• 6M: -1.81%
• YTD: -0.32%
• 1Y: -2.59%
• 3Y*: -0.81%
• 5Y*: -1.80%
• 10Y*: —

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

IQM vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	27.48%	30.76%	31.03%	41.06%	-33.36%	25.18%	76.92%
CCOR Core Alternative ETF	-0.32%	3.52%	-5.70%	-11.92%	2.51%	9.90%	5.63%

Correlation

The correlation between IQM and CCOR is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.32
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.02

The correlation between IQM and CCOR shifts across timeframes, from -0.32 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

IQM vs. CCOR - Sectors Allocation Comparison

Sectors	IQM	CCOR
Technology	67.6%	16.9%
Industrials	16.8%	9.3%
Utilities	3.4%	6.1%
Consumer Cyclical	3.2%	9.2%
Energy	2.9%	6.6%
Communication Services	2.1%	8.4%
Healthcare	1.0%	11.6%
Basic Materials	-	4.9%
Consumer Defensive	-	6.6%
Financial Services	-	17.6%
Real Estate	-	2.8%

Return for Risk

IQM vs. CCOR — Risk / Return Rank

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

IQM

IQM Risk / Return Rank: 57
IQM Sharpe Ratio Rank: 50
IQM Sortino Ratio Rank: 44
IQM Omega Ratio Rank: 47
IQM Calmar Ratio Rank: 78
IQM Martin Ratio Rank: 64

CCOR

CCOR Risk / Return Rank: 6
CCOR Sharpe Ratio Rank: 6
CCOR Sortino Ratio Rank: 6
CCOR Omega Ratio Rank: 6
CCOR Calmar Ratio Rank: 7
CCOR Martin Ratio Rank: 6

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. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Core Alternative ETF (CCOR). 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.

	IQM	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	1.40	-0.32	+1.73
Sortino ratio: Return per unit of downside risk	1.82	-0.41	+2.23
Omega ratio: Gain probability vs. loss probability	1.25	0.95	+0.30
Calmar ratio: Return relative to maximum drawdown	3.21	-0.30	+3.51
Martin ratio: Return relative to average drawdown	9.10	-0.62	+9.73

IQM vs. CCOR - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.40, which is higher than the CCOR Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of IQM and CCOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IQM vs. CCOR - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for IQM and CCOR.

Drawdown Indicators

	IQM	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-22.99%	-21.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-8.79%	-5.92%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-12.31%	-18.11%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-22.99%	-21.92%
Current Drawdown Current decline from peak	-11.52%	-17.21%	+5.69%
Average Drawdown Average peak-to-trough decline	-12.15%	-7.42%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	4.15%	+1.03%

Volatility

IQM vs. CCOR - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 16.19% compared to Core Alternative ETF (CCOR) at 3.97%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than CCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	3.97%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	28.77%	6.18%	+22.59%
Volatility (1Y) Calculated over the trailing 1-year period	33.72%	8.00%	+25.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	11.19%	+18.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.38%	10.78%	+20.60%

IQM vs. CCOR - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

IQM vs. CCOR - Dividend Comparison

IQM has not paid dividends to shareholders, while CCOR's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOR Core Alternative ETF	1.00%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%
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%

Frequently Asked Questions

Can I hold both IQM and CCOR in my portfolio?

IQM and CCOR have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQM or CCOR?

IQM has higher volatility (16.19%) compared to CCOR (3.97%). In terms of maximum drawdown, IQM dropped -44.91% vs CCOR's -22.99%.

Which ETF is better, IQM or CCOR?

On 5-year performance, IQM leads with 18.79% vs -1.80% for CCOR. On fees, IQM is cheaper at 0.50% per year. On volatility, CCOR has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQM or CCOR?

Over the 5-year period, IQM has performed better with a 18.79% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQM or CCOR?

IQM is cheaper with a 0.50% expense ratio, compared with 1.09% for CCOR.

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

CCOR has the higher dividend yield at 1.00%, compared with 0.00% for IQM.

What is the main difference between IQM and CCOR?

They also come from different issuers: Franklin Templeton and Core Alternative Capital. Their fees differ too: 0.50% for IQM and 1.09% for CCOR.

Which has better risk-adjusted returns?

IQM currently has the higher Sharpe Ratio (1.40 vs -0.32), 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.