IQM vs. GXPT

Last updated Aug 6, 2026

IQM (Franklin Intelligent Machines ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds. IQM is actively managed, while GXPT is passively managed. Over the past year, IQM returned 37.08% vs 35.00% for GXPT. Their correlation of 0.84 means they have usually moved in the same direction. IQM charges 0.50%/yr vs 0.15%/yr for GXPT.

Performance

IQM vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQM achieves a 24.59% return, which is significantly higher than GXPT's 22.64% return.

IQM

• 1D: -0.82%
• 1M: -4.86%
• 6M: 23.42%
• YTD: 24.59%
• 1Y: 37.08%
• 3Y*: 32.01%
• 5Y*: 16.96%
• 10Y*: —
• ALL TIME*: 26.08%

GXPT

• 1D: 0.18%
• 1M: 4.48%
• 6M: 29.91%
• YTD: 22.64%
• 1Y: 35.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GXPT Global X PureCap MSCI Information Technology ETF	$16.93M	$9.06M	$5.80M
IQM Franklin Intelligent Machines ETF	$2.67M	$1.52M	$1.22M

IQM vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
IQM Franklin Intelligent Machines ETF	24.59%	14.27%
GXPT Global X PureCap MSCI Information Technology ETF	22.64%	11.47%

Correlation

The correlation between IQM and GXPT is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.84

The correlation between IQM and GXPT has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

IQM vs. GXPT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQM

IQM Risk / Return Rank: 38
IQM Sharpe Ratio Rank: 36
IQM Sortino Ratio Rank: 35
IQM Omega Ratio Rank: 36
IQM Calmar Ratio Rank: 37
IQM Martin Ratio Rank: 44

GXPT

GXPT Risk / Return Rank: 47
GXPT Sharpe Ratio Rank: 52
GXPT Sortino Ratio Rank: 50
GXPT Omega Ratio Rank: 48
GXPT Calmar Ratio Rank: 46
GXPT Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IQM vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IQM	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.48	-0.46
Sortino ratio: Return per unit of downside risk	1.48	2.07	-0.58
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.47	1.88	-0.40
Martin ratio: Return relative to average drawdown	5.49	4.92	+0.58

IQM vs. GXPT - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.02, which is lower than the GXPT Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of IQM and GXPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IQM vs. GXPT - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IQM and GXPT.

Drawdown Indicators

	IQM	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-18.74%	-26.17%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	-18.74%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	—	—
Current Drawdown Current decline from peak	-13.53%	-4.20%	-9.33%
Average Drawdown Average peak-to-trough decline	-12.20%	-5.45%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	7.14%	-0.37%

Volatility

IQM vs. GXPT - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 15.57% compared to Global X PureCap MSCI Information Technology ETF (GXPT) at 8.44%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than GXPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.57%	8.44%	+7.13%
Volatility (6M) Calculated over the trailing 6-month period	31.51%	19.54%	+11.97%
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	23.74%	+12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	23.52%	+7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	23.52%	+8.21%

IQM vs. GXPT - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

IQM vs. GXPT - Dividend Comparison

IQM has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020
GXPT Global X PureCap MSCI Information Technology ETF	0.21%	0.14%	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

Can I hold both IQM and GXPT in my portfolio?

IQM and GXPT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQM or GXPT?

IQM has higher volatility (15.57%) compared to GXPT (8.44%). In terms of maximum drawdown, IQM dropped -44.91% vs GXPT's -18.74%.

Which ETF is better, IQM or GXPT?

On 1-year performance, IQM leads with 37.08% vs 35.00% for GXPT. On fees, GXPT is cheaper at 0.15% per year. On volatility, GXPT has been the lower-risk option at 8.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQM or GXPT?

Over the 1-year period, IQM has performed better with a 37.08% return vs 35.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQM or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.50% for IQM.

Which ETF pays a higher dividend yield, IQM or GXPT?

GXPT has the higher dividend yield at 0.21%, compared with 0.00% for IQM.

What is the main difference between IQM and GXPT?

They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.50% for IQM and 0.15% for GXPT.

Which has better risk-adjusted returns?

GXPT currently has the higher Sharpe Ratio (1.48 vs 1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.