IQM vs. FMIL
Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and Fidelity New Millennium ETF (FMIL).
IQM and FMIL 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. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQM or FMIL.
Key characteristics
| IQM | FMIL | |
|---|---|---|
| YTD Return | 32.92% | 32.29% |
| 1Y Return | 49.14% | 42.53% |
| 3Y Return (Ann) | 6.42% | 17.71% |
| Sharpe Ratio | 2.14 | 3.30 |
| Sortino Ratio | 2.71 | 4.44 |
| Omega Ratio | 1.37 | 1.60 |
| Calmar Ratio | 2.48 | 4.92 |
| Martin Ratio | 9.25 | 23.70 |
| Ulcer Index | 5.72% | 1.86% |
| Daily Std Dev | 24.69% | 13.32% |
| Max Drawdown | -44.91% | -15.87% |
| Current Drawdown | -0.06% | 0.00% |
Correlation
The correlation between IQM and FMIL is 0.69, 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.
Performance
IQM vs. FMIL - Performance Comparison
The year-to-date returns for both stocks are quite close, with IQM having a 32.92% return and FMIL slightly lower at 32.29%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IQM vs. FMIL - Expense Ratio Comparison
IQM has a 0.50% expense ratio, which is lower than FMIL's 0.59% expense ratio.
Risk-Adjusted Performance
IQM vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Fidelity New Millennium ETF (FMIL). 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.
Dividends
IQM vs. FMIL - Dividend Comparison
IQM has not paid dividends to shareholders, while FMIL's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% |
FMIL Fidelity New Millennium ETF | 0.59% | 0.23% | 1.43% | 1.68% | 0.48% |
Drawdowns
IQM vs. FMIL - Drawdown Comparison
The maximum IQM drawdown since its inception was -44.91%, which is greater than FMIL's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for IQM and FMIL. For additional features, visit the drawdowns tool.
Volatility
IQM vs. FMIL - Volatility Comparison
Franklin Intelligent Machines ETF (IQM) has a higher volatility of 7.28% compared to Fidelity New Millennium ETF (FMIL) at 4.05%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than FMIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.