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IQM vs. IAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IQM vs. IAK

Last updated Aug 4, 2026
Documentation

IQM (Franklin Intelligent Machines ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - IQM is a Technology Equities fund actively managed by Franklin Templeton, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. IQM is actively managed, while IAK is passively managed. Over the past 5 years, IQM returned 15.99%/yr vs 15.99%/yr for IAK. Their 0.24 correlation means their historical movements had little consistent relationship. IQM charges 0.50%/yr vs 0.38%/yr for IAK.

Performance

IQM vs. IAK - Performance Comparison

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

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Returns By Period

In the year-to-date period, IQM achieves a 19.53% return, which is significantly higher than IAK's 10.11% return.

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%

IAK

1D
0.03%
1M
-0.03%
6M
12.56%
YTD
10.11%
1Y
19.67%
3Y*
19.67%
5Y*
15.99%
10Y*
13.18%
ALL TIME*
7.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

IAK

iShares U.S. Insurance ETF
$15.27M$20.59M$12.29M

IQM

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

IQM vs. IAK - 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%
IAK
iShares U.S. Insurance ETF		10.11%9.50%28.25%11.28%11.33%26.84%-0.35%

Correlation

The correlation between IQM and IAK is -0.30, 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.

-0.30

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

-0.01

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

0.19

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

0.24

The correlation between IQM and IAK shifts across timeframes, from -0.30 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

IQM vs. IAK - Sectors Allocation Comparison

Sectors
IQM
IAK

Technology

70.5%

-

Industrials

14.8%

-

Utilities

3.5%

-

Energy

3.1%

-

Consumer Cyclical

2.7%

-

Communication Services

1.1%

-

Healthcare

1.0%
0.7%

Basic Materials

-

-

Consumer Defensive

-

-

Financial Services

-

99.3%

Real Estate

-

-

Technology

IQM
70.5%
IAK

-

Industrials

IQM
14.8%
IAK

-

Utilities

IQM
3.5%
IAK

-

Energy

IQM
3.1%
IAK

-

Consumer Cyclical

IQM
2.7%
IAK

-

Communication Services

IQM
1.1%
IAK

-

Healthcare

IQM
1.0%
IAK
0.7%

Basic Materials

IQM

-

IAK

-

Consumer Defensive

IQM

-

IAK

-

Financial Services

IQM

-

IAK
99.3%

Real Estate

IQM

-

IAK

-

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 U.S. Insurance ETF

Often compared with IQM:
IQM vs. AIQIQM vs. QQQIQM vs. IGMIQM vs. FMILIQM vs. BOTZIQM vs. ARKQIQM vs. ^GSPC
Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. ^SP500TRIAK vs. VYM

Return for Risk

IQM vs. IAK — 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
IAK
IAK Risk / Return Rank: 5454
Overall Rank
IAK Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 4949
Sortino Ratio Rank
IAK Omega Ratio Rank: 4747
Omega Ratio Rank
IAK Calmar Ratio Rank: 7272
Calmar Ratio Rank
IAK Martin Ratio Rank: 5252
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. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and iShares U.S. Insurance ETF (IAK). 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.

IQMIAKDifference
Sharpe ratioReturn per unit of total volatility
0.97
1.24

-0.27

Sortino ratioReturn per unit of downside risk
1.42
1.81

-0.39

Omega ratioGain probability vs. loss probability

1.19

1.22

-0.04

Calmar ratioReturn relative to maximum drawdown

1.39

2.59

-1.21

Martin ratioReturn relative to average drawdown

5.25

6.29

-1.05

IQM vs. IAK - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 0.97, which is comparable to the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of IQM and IAK, 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. IAK - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for IQM and IAK.

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Drawdown Indicators

IQMIAKDifference

Max Drawdown

Largest peak-to-trough decline

-44.91%

-77.38%

+32.47%

Max Drawdown (1Y)

Largest decline over 1 year

-25.28%

-7.62%

-17.66%

Max Drawdown (3Y)

Largest decline over 3 years

-30.42%

-11.58%

-18.84%

Max Drawdown (5Y)

Largest decline over 5 years

-44.91%

-14.76%

-30.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.95%

—

Current Drawdown

Current decline from peak

-17.03%

-3.20%

-13.83%

Average Drawdown

Average peak-to-trough decline

-12.20%

-16.01%

+3.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.66%

3.13%

+3.53%

Volatility

IQM vs. IAK - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 15.54% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IQMIAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.54%

6.56%

+8.98%

Volatility (6M)

Calculated over the trailing 6-month period

31.13%

12.42%

+18.71%

Volatility (1Y)

Calculated over the trailing 1-year period

36.17%

15.99%

+20.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.64%

18.13%

+12.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.69%

20.92%

+10.77%

IQM vs. IAK - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

IQM vs. IAK - Dividend Comparison

IQM has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.42%.

PositionTTM20252024202320222021202020192018201720162015
IAK
iShares U.S. Insurance ETF		2.42%1.69%1.49%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%
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 IAK have a correlation of -0.30, 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 IAK (6.56%). In terms of maximum drawdown, IQM dropped -44.91% vs IAK's -77.38%.

On 5-year performance, IAK leads with 15.99% vs 15.99% for IQM. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

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

IAK is cheaper with a 0.38% expense ratio, compared with 0.50% for IQM.

IAK has the higher dividend yield at 2.42%, compared with 0.00% for IQM.

IQM is categorized as Technology Equities, while IAK is Financials Equities. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.50% for IQM and 0.38% for IAK.

IAK currently has the higher Sharpe Ratio (1.24 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.

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