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IQM vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IQM vs. HDV

Last updated Aug 4, 2026
Documentation

IQM (Franklin Intelligent Machines ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - IQM is a Technology Equities fund actively managed by Franklin Templeton, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. IQM is actively managed, while HDV is passively managed. Over the past 5 years, IQM returned 15.99%/yr vs 12.13%/yr for HDV. Their 0.28 correlation means their historical movements had little consistent relationship. IQM charges 0.50%/yr vs 0.08%/yr for HDV.

Performance

IQM vs. HDV - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IQM having a 19.53% return and HDV slightly higher at 19.66%.

IQM

1D
1.95%
1M
-6.41%
6M
13.56%
YTD
19.53%
1Y
34.87%
3Y*
30.20%
5Y*
15.99%
10Y*
—
ALL TIME*
25.29%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

IQM

Franklin Intelligent Machines ETF
$905.23K$711.02K$931.48K

IQM vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IQM
Franklin Intelligent Machines ETF		19.53%30.76%31.03%41.06%-33.36%25.18%76.92%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%7.05%19.45%2.17%

Correlation

The correlation between IQM and HDV is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.21

Correlation (3Y)
Balances recent behavior with more history.

0.02

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.24

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2020

0.28

The correlation between IQM and HDV shifts across timeframes, from -0.21 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

IQM vs. HDV - Sectors Allocation Comparison

Sectors
IQM
HDV

Technology

70.5%
0.9%

Industrials

14.8%
2.8%

Utilities

3.5%
8.2%

Energy

3.1%
19.8%

Consumer Cyclical

2.7%
9.3%

Communication Services

1.1%
5.2%

Healthcare

1.0%
23.9%

Basic Materials

-

0.8%

Consumer Defensive

-

24.3%

Financial Services

-

4.7%

Real Estate

-

-

Technology

IQM
70.5%
HDV
0.9%

Industrials

IQM
14.8%
HDV
2.8%

Utilities

IQM
3.5%
HDV
8.2%

Energy

IQM
3.1%
HDV
19.8%

Consumer Cyclical

IQM
2.7%
HDV
9.3%

Communication Services

IQM
1.1%
HDV
5.2%

Healthcare

IQM
1.0%
HDV
23.9%

Basic Materials

IQM

-

HDV
0.8%

Consumer Defensive

IQM

-

HDV
24.3%

Financial Services

IQM

-

HDV
4.7%

Real Estate

IQM

-

HDV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin Intelligent Machines ETF

iShares Core High Dividend ETF

Often compared with IQM:
IQM vs. AIQIQM vs. QQQIQM vs. IGMIQM vs. FMILIQM vs. BOTZIQM vs. ARKQIQM vs. ^GSPC
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

IQM vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IQM
IQM Risk / Return Rank: 3939
Overall Rank
IQM Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IQM Sortino Ratio Rank: 3737
Sortino Ratio Rank
IQM Omega Ratio Rank: 3838
Omega Ratio Rank
IQM Calmar Ratio Rank: 3838
Calmar Ratio Rank
IQM Martin Ratio Rank: 4545
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
Martin Ratio Rank
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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and iShares Core High Dividend ETF (HDV). 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.

IQMHDVDifference
Sharpe ratioReturn per unit of total volatility
0.97
2.34

-1.37

Sortino ratioReturn per unit of downside risk
1.42
3.53

-2.11

Omega ratioGain probability vs. loss probability

1.19

1.41

-0.23

Calmar ratioReturn relative to maximum drawdown

1.39

4.90

-3.51

Martin ratioReturn relative to average drawdown

5.25

13.39

-8.14

IQM vs. HDV - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 0.97, which is lower than the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of IQM and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IQM vs. HDV - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IQM and HDV.

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Drawdown Indicators

IQMHDVDifference

Max Drawdown

Largest peak-to-trough decline

-44.91%

-37.04%

-7.87%

Max Drawdown (1Y)

Largest decline over 1 year

-25.28%

-5.18%

-20.10%

Max Drawdown (3Y)

Largest decline over 3 years

-30.42%

-10.49%

-19.93%

Max Drawdown (5Y)

Largest decline over 5 years

-44.91%

-15.42%

-29.49%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-17.03%

-1.72%

-15.31%

Average Drawdown

Average peak-to-trough decline

-12.20%

-3.06%

-9.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.66%

1.89%

+4.77%

Volatility

IQM vs. HDV - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 15.54% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IQMHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.54%

4.52%

+11.02%

Volatility (6M)

Calculated over the trailing 6-month period

31.13%

8.66%

+22.47%

Volatility (1Y)

Calculated over the trailing 1-year period

36.17%

10.83%

+25.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.64%

12.95%

+17.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.69%

15.79%

+15.90%

IQM vs. HDV - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

IQM vs. HDV - Dividend Comparison

IQM has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.08%.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
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%0.00%0.00%

Frequently Asked Questions

IQM and HDV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IQM has higher volatility (15.54%) compared to HDV (4.52%). In terms of maximum drawdown, IQM dropped -44.91% vs HDV's -37.04%.

On 5-year performance, IQM leads with 15.99% vs 12.13% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IQM has performed better with a 15.99% return vs 12.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.50% for IQM.

HDV has the higher dividend yield at 3.08%, compared with 0.00% for IQM.

IQM is categorized as Technology Equities, while HDV is Dividend. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.50% for IQM and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 0.97), 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.

Portfolio Optimizer

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