IQM vs. FLKR

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and Franklin FTSE South Korea ETF (FLKR).

IQM and FLKR 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. FLKR is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE South Korea RIC Capped Index. It was launched on Nov 2, 2017.

Performance

IQM vs. FLKR - Performance Comparison

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

IQM vs. FLKR - 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%
FLKR Franklin FTSE South Korea ETF	27.39%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	62.14%

Returns By Period

In the year-to-date period, IQM achieves a 3.20% return, which is significantly lower than FLKR's 27.39% return.

IQM

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

FLKR

• 1D: 2.41%
• 1M: -14.74%
• YTD: 27.39%
• 6M: 53.78%
• 1Y: 128.35%
• 3Y*: 29.91%
• 5Y*: 8.54%
• 10Y*: —

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

IQM vs. FLKR - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than FLKR's 0.09% expense ratio.

IQM

Franklin Intelligent Machines ETF

FLKR

Franklin FTSE South Korea ETF

Return for Risk

IQM vs. FLKR — 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

FLKR

FLKR Risk / Return Rank: 97
FLKR Sharpe Ratio Rank: 98
FLKR Sortino Ratio Rank: 97
FLKR Omega Ratio Rank: 97
FLKR Calmar Ratio Rank: 98
FLKR Martin Ratio Rank: 98

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. FLKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Franklin FTSE South Korea ETF (FLKR). 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	FLKR	Difference
Sharpe ratio Return per unit of total volatility	1.72	3.66	-1.94
Sortino ratio Return per unit of downside risk	2.33	3.85	-1.53
Omega ratio Gain probability vs. loss probability	1.33	1.55	-0.22
Calmar ratio Return relative to maximum drawdown	4.00	5.74	-1.74
Martin ratio Return relative to average drawdown	12.47	22.99	-10.52
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. FLKR - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.72, which is lower than the FLKR Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of IQM and FLKR, 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	FLKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	3.66	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.33	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.33	+0.46

Correlation

The correlation between IQM and FLKR is 0.61, 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. FLKR - Dividend Comparison

IQM has not paid dividends to shareholders, while FLKR's dividend yield for the trailing twelve months is around 3.04%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FLKR Franklin FTSE South Korea ETF	3.04%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%

Drawdowns

IQM vs. FLKR - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum FLKR drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for IQM and FLKR.

Drawdown Indicators

	IQM	FLKR	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-50.06%	+5.15%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-23.03%	+8.32%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-49.51%	+4.60%
Current Drawdown Current decline from peak	-6.86%	-16.79%	+9.93%
Average Drawdown Average peak-to-trough decline	-12.55%	-22.44%	+9.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	5.75%	-1.03%

Volatility

IQM vs. FLKR - Volatility Comparison

The current volatility for Franklin Intelligent Machines ETF (IQM) is 12.71%, while Franklin FTSE South Korea ETF (FLKR) has a volatility of 19.74%. This indicates that IQM experiences smaller price fluctuations and is considered to be less risky than FLKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	FLKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	19.74%	-7.03%
Volatility (6M) Calculated over the trailing 6-month period	23.53%	30.25%	-6.72%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	35.28%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.67%	26.00%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	26.40%	+4.33%