IQM vs. GQGU
IQM (Franklin Intelligent Machines ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a correlation of -0.31, they often move in opposite directions. IQM charges 0.50%/yr vs 0.49%/yr for GQGU.
Performance
IQM vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, IQM achieves a 40.18% return, which is significantly higher than GQGU's 6.60% return.
IQM
- 1D
- -0.37%
- 1M
- 11.94%
- YTD
- 40.18%
- 6M
- 38.57%
- 1Y
- 75.07%
- 3Y*
- 37.62%
- 5Y*
- 22.22%
- 10Y*
- —
GQGU
- 1D
- -1.06%
- 1M
- -1.65%
- YTD
- 6.60%
- 6M
- 7.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQM vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQM Franklin Intelligent Machines ETF | 40.18% | 15.34% |
GQGU GQG US Equity ETF | 6.60% | -1.14% |
Correlation
The correlation between IQM and GQGU is -0.31, 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 (All Time) Calculated using the full available price history since Jul 15, 2025 | -0.31 |
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Return for Risk
IQM vs. GQGU — Risk / Return Rank
IQM
GQGU
IQM vs. GQGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and GQG US Equity ETF (GQGU). 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 | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | — | — |
| Martin ratioReturn relative to average drawdown | 16.79 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQM | GQGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.60 | +0.36 |
Drawdowns
IQM vs. GQGU - Drawdown Comparison
The maximum IQM drawdown since its inception was -44.91%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for IQM and GQGU.
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Drawdown Indicators
| IQM | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.91% | -6.65% | -38.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.91% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -4.66% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -2.54% | -9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | — | — |
Volatility
IQM vs. GQGU - Volatility Comparison
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Volatility by Period
| IQM | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 22.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 10.14% | +18.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.91% | 10.14% | +18.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.72% | 10.14% | +20.58% |
IQM vs. GQGU - Expense Ratio Comparison
IQM has a 0.50% expense ratio, which is higher than GQGU's 0.49% expense ratio.
Dividends
IQM vs. GQGU - Dividend Comparison
IQM has not paid dividends to shareholders, while GQGU's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% |
Frequently Asked Questions
IQM and GQGU have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GQGU is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GQGU is cheaper with a 0.49% expense ratio, compared with 0.50% for IQM.
GQGU has the higher dividend yield at 0.96%, compared with 0.00% for IQM.
They also come from different issuers: Franklin Templeton and GQG Partners. Their fees differ too: 0.50% for IQM and 0.49% for GQGU.
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