IQM vs. PTF

Last updated Jul 15, 2026

IQM (Franklin Intelligent Machines ETF) and PTF (Invesco Dorsey Wright Technology Momentum ETF) are both exchange-traded funds - IQM is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index. IQM is actively managed, while PTF is passively managed. Over the past 5 years, IQM returned 18.79%/yr vs 18.75%/yr for PTF. Their correlation of 0.88 suggests significant overlap in exposure. IQM charges 0.50%/yr vs 0.60%/yr for PTF.

Performance

IQM vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and Invesco Dorsey Wright Technology Momentum ETF (PTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQM achieves a 27.48% return, which is significantly lower than PTF's 47.90% return.

IQM

• 1D: 2.19%
• 1M: -4.67%
• 6M: 16.81%
• YTD: 27.48%
• 1Y: 47.04%
• 3Y*: 30.36%
• 5Y*: 18.79%
• 10Y*: —

PTF

• 1D: 3.71%
• 1M: -12.82%
• 6M: 35.25%
• YTD: 47.90%
• 1Y: 68.95%
• 3Y*: 31.08%
• 5Y*: 18.75%
• 10Y*: 24.23%

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

IQM vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	27.48%	30.76%	31.03%	41.06%	-33.36%	25.18%	76.92%
PTF Invesco Dorsey Wright Technology Momentum ETF	47.90%	5.68%	43.65%	33.73%	-31.75%	18.10%	77.60%

Correlation

The correlation between IQM and PTF is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.88

The correlation between IQM and PTF has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

IQM vs. PTF - Sectors Allocation Comparison

Sectors	IQM	PTF
Technology	67.6%	93.8%
Industrials	16.8%	1.8%
Utilities	3.4%	-
Consumer Cyclical	3.2%	-
Energy	2.9%	1.6%
Communication Services	2.1%	4.7%
Healthcare	1.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Financial Services	-	1.5%
Real Estate	-	-

Return for Risk

IQM vs. PTF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQM

IQM Risk / Return Rank: 57
IQM Sharpe Ratio Rank: 50
IQM Sortino Ratio Rank: 44
IQM Omega Ratio Rank: 47
IQM Calmar Ratio Rank: 78
IQM Martin Ratio Rank: 64

PTF

PTF Risk / Return Rank: 63
PTF Sharpe Ratio Rank: 57
PTF Sortino Ratio Rank: 48
PTF Omega Ratio Rank: 53
PTF Calmar Ratio Rank: 77
PTF Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQM vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Invesco Dorsey Wright Technology Momentum ETF (PTF). 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	PTF	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.53	-0.12
Sortino ratio: Return per unit of downside risk	1.82	1.93	-0.11
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	3.21	3.17	+0.04
Martin ratio: Return relative to average drawdown	9.10	11.86	-2.75

IQM vs. PTF - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 1.40, which is comparable to the PTF Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IQM and PTF, 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. PTF - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IQM and PTF.

Drawdown Indicators

	IQM	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-55.38%	+10.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-21.86%	+7.15%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-36.11%	+5.69%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-44.88%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.88%	—
Current Drawdown Current decline from peak	-11.52%	-18.24%	+6.72%
Average Drawdown Average peak-to-trough decline	-12.15%	-13.25%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	5.83%	-0.65%

Volatility

IQM vs. PTF - Volatility Comparison

The current volatility for Franklin Intelligent Machines ETF (IQM) is 16.19%, while Invesco Dorsey Wright Technology Momentum ETF (PTF) has a volatility of 22.46%. This indicates that IQM experiences smaller price fluctuations and is considered to be less risky than PTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	22.46%	-6.27%
Volatility (6M) Calculated over the trailing 6-month period	28.77%	37.13%	-8.36%
Volatility (1Y) Calculated over the trailing 1-year period	33.72%	45.43%	-11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.10%	36.59%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.38%	33.81%	-2.43%

IQM vs. PTF - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is lower than PTF's 0.60% expense ratio.

Dividends

IQM vs. PTF - Dividend Comparison

IQM has not paid dividends to shareholders, while PTF's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
PTF Invesco Dorsey Wright Technology Momentum ETF	0.01%	0.21%	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.08%	0.04%	0.26%

Frequently Asked Questions

Can I hold both IQM and PTF in my portfolio?

IQM and PTF have a correlation of 0.86, 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 PTF?

PTF has higher volatility (22.46%) compared to IQM (16.19%). In terms of maximum drawdown, IQM dropped -44.91% vs PTF's -55.38%.

Which ETF is better, IQM or PTF?

On 5-year performance, IQM leads with 18.79% vs 18.75% for PTF. On fees, IQM is cheaper at 0.50% per year. On volatility, IQM has been the lower-risk option at 16.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQM or PTF?

Over the 5-year period, IQM has performed better with a 18.79% return vs 18.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQM or PTF?

IQM is cheaper with a 0.50% expense ratio, compared with 0.60% for PTF.

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

PTF has the higher dividend yield at 0.01%, compared with 0.00% for IQM.

What is the main difference between IQM and PTF?

IQM is categorized as Large Cap Growth Equities, while PTF is Momentum. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.50% for IQM and 0.60% for PTF.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (1.53 vs 1.40), 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.