IQM vs. EZBC

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and Franklin Bitcoin ETF (EZBC).

IQM and EZBC 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. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.

Performance

IQM vs. EZBC - Performance Comparison

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

IQM vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IQM Franklin Intelligent Machines ETF	3.20%	30.76%	32.53%
EZBC Franklin Bitcoin ETF	-22.09%	-6.56%	100.18%

Returns By Period

In the year-to-date period, IQM achieves a 3.20% return, which is significantly higher than EZBC's -22.09% return.

IQM

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

EZBC

• 1D: 0.59%
• 1M: -1.43%
• YTD: -22.09%
• 6M: -42.07%
• 1Y: -19.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQM vs. EZBC - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than EZBC's 0.19% expense ratio.

IQM

Franklin Intelligent Machines ETF

EZBC

Franklin Bitcoin ETF

Return for Risk

IQM vs. EZBC — 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

EZBC

EZBC Risk / Return Rank: 6
EZBC Sharpe Ratio Rank: 5
EZBC Sortino Ratio Rank: 5
EZBC Omega Ratio Rank: 6
EZBC Calmar Ratio Rank: 6
EZBC 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. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Franklin Bitcoin ETF (EZBC). 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	EZBC	Difference
Sharpe ratio Return per unit of total volatility	1.72	-0.44	+2.16
Sortino ratio Return per unit of downside risk	2.33	-0.37	+2.69
Omega ratio Gain probability vs. loss probability	1.33	0.96	+0.37
Calmar ratio Return relative to maximum drawdown	4.00	-0.35	+4.35
Martin ratio Return relative to average drawdown	12.47	-0.75	+13.22
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. EZBC - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.72, which is higher than the EZBC Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of IQM and EZBC, 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	EZBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	-0.44	+2.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.36	+0.42

Correlation

The correlation between IQM and EZBC is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IQM vs. EZBC - Dividend Comparison

Neither IQM nor EZBC has paid dividends to shareholders.

	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%
EZBC Franklin Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IQM vs. EZBC - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for IQM and EZBC.

Drawdown Indicators

	IQM	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-49.37%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-49.37%	+34.66%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	—	—
Current Drawdown Current decline from peak	-6.86%	-45.77%	+38.91%
Average Drawdown Average peak-to-trough decline	-12.55%	-14.18%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	23.25%	-18.53%

Volatility

IQM vs. EZBC - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) and Franklin Bitcoin ETF (EZBC) have volatilities of 12.71% and 13.02%, 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	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	13.02%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	23.53%	36.81%	-13.28%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	45.37%	-11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.67%	51.08%	-22.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	51.08%	-20.35%