IQM vs. QQQE
Compare and contrast key facts about Franklin Intelligent Machines ETF (IQM) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
IQM and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012.
Performance
IQM vs. QQQE - Performance Comparison
Loading graphics...
IQM vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQM Franklin Intelligent Machines ETF | 3.20% | 30.76% | 31.03% | 41.06% | -33.36% | 25.18% | 78.48% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -2.88% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 44.90% |
Returns By Period
In the year-to-date period, IQM achieves a 3.20% return, which is significantly higher than QQQE's -2.88% return.
IQM
- 1D
- 1.99%
- 1M
- -3.98%
- YTD
- 3.20%
- 6M
- 2.05%
- 1Y
- 57.05%
- 3Y*
- 26.96%
- 5Y*
- 15.40%
- 10Y*
- —
QQQE
- 1D
- 0.68%
- 1M
- -4.20%
- YTD
- -2.88%
- 6M
- -2.59%
- 1Y
- 13.91%
- 3Y*
- 11.84%
- 5Y*
- 6.34%
- 10Y*
- 13.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IQM vs. QQQE - Expense Ratio Comparison
IQM has a 0.50% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Return for Risk
IQM vs. QQQE — Risk / Return Rank
IQM
QQQE
IQM vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 0.68 | +1.03 |
Sortino ratioReturn per unit of downside risk | 2.33 | 1.13 | +1.20 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.14 | +2.86 |
Martin ratioReturn relative to average drawdown | 12.47 | 4.59 | +7.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IQM | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.68 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.31 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.69 | +0.10 |
Correlation
The correlation between IQM and QQQE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IQM vs. QQQE - Dividend Comparison
IQM has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.64% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Drawdowns
IQM vs. QQQE - Drawdown Comparison
The maximum IQM drawdown since its inception was -44.91%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for IQM and QQQE.
Loading graphics...
Drawdown Indicators
| IQM | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.91% | -32.14% | -12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -12.74% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -44.91% | -32.14% | -12.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -6.86% | -6.45% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -5.22% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 3.16% | +1.56% |
Volatility
IQM vs. QQQE - Volatility Comparison
Franklin Intelligent Machines ETF (IQM) has a higher volatility of 12.71% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.64%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IQM | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 5.64% | +7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.53% | 11.05% | +12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 20.47% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 20.32% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.73% | 20.71% | +10.02% |