IQM vs. CHAT

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and Roundhill Generative AI & Technology ETF (CHAT).

IQM and CHAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.

Performance

IQM vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

IQM vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IQM Franklin Intelligent Machines ETF	1.18%	30.76%	31.03%	14.65%
CHAT Roundhill Generative AI & Technology ETF	4.90%	49.85%	30.98%	19.23%

Returns By Period

In the year-to-date period, IQM achieves a 1.18% return, which is significantly lower than CHAT's 4.90% return.

IQM

• 1D: 6.12%
• 1M: -5.61%
• YTD: 1.18%
• 6M: 1.33%
• 1Y: 55.72%
• 3Y*: 26.13%
• 5Y*: 14.95%
• 10Y*: —

CHAT

• 1D: 4.72%
• 1M: -3.19%
• YTD: 4.90%
• 6M: 3.42%
• 1Y: 82.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQM vs. CHAT - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is lower than CHAT's 0.75% expense ratio.

CHAT

Roundhill Generative AI & Technology ETF

IQM

Franklin Intelligent Machines ETF

Return for Risk

IQM vs. CHAT — Risk / Return Rank

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

IQM

IQM Risk / Return Rank: 88
IQM Sharpe Ratio Rank: 85
IQM Sortino Ratio Rank: 86
IQM Omega Ratio Rank: 83
IQM Calmar Ratio Rank: 94
IQM Martin Ratio Rank: 91

CHAT

CHAT Risk / Return Rank: 95
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 95
CHAT Omega Ratio Rank: 94
CHAT Calmar Ratio Rank: 97
CHAT Martin Ratio Rank: 94

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. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Roundhill Generative AI & Technology ETF (CHAT). 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	CHAT	Difference
Sharpe ratio Return per unit of total volatility	1.68	2.42	-0.74
Sortino ratio Return per unit of downside risk	2.29	3.04	-0.75
Omega ratio Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio Return relative to maximum drawdown	3.72	4.94	-1.22
Martin ratio Return relative to average drawdown	11.65	13.74	-2.10
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. CHAT - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.68, which is lower than the CHAT Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IQM and CHAT, 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	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.42	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.27	-0.49

Correlation

The correlation between IQM and CHAT is 0.88, 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

IQM vs. CHAT - Dividend Comparison

IQM has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 2.72%.

	TTM	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%
CHAT Roundhill Generative AI & Technology ETF	2.72%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IQM vs. CHAT - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for IQM and CHAT.

Drawdown Indicators

	IQM	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-31.34%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-16.28%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	—	—
Current Drawdown Current decline from peak	-8.68%	-6.73%	-1.95%
Average Drawdown Average peak-to-trough decline	-12.55%	-5.61%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	5.85%	-1.15%

Volatility

IQM vs. CHAT - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) and Roundhill Generative AI & Technology ETF (CHAT) have volatilities of 12.90% and 13.21%, 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.

Volatility by Period

	IQM	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.90%	13.21%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	23.48%	23.24%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	33.37%	34.27%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.67%	29.27%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	29.27%	+1.46%