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IQM vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IQM and SPY is 0.85, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

IQM vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

80.00%100.00%120.00%140.00%160.00%180.00%200.00%NovemberDecember2025FebruaryMarchApril
147.93%
100.23%
IQM
SPY

Key characteristics

Sharpe Ratio

IQM:

0.30

SPY:

0.51

Sortino Ratio

IQM:

0.65

SPY:

0.86

Omega Ratio

IQM:

1.09

SPY:

1.13

Calmar Ratio

IQM:

0.34

SPY:

0.55

Martin Ratio

IQM:

1.02

SPY:

2.26

Ulcer Index

IQM:

10.13%

SPY:

4.55%

Daily Std Dev

IQM:

34.75%

SPY:

20.08%

Max Drawdown

IQM:

-44.91%

SPY:

-55.19%

Current Drawdown

IQM:

-16.85%

SPY:

-9.89%

Returns By Period

In the year-to-date period, IQM achieves a -9.91% return, which is significantly lower than SPY's -5.76% return.


IQM

YTD

-9.91%

1M

5.34%

6M

-5.87%

1Y

6.61%

5Y*

20.48%

10Y*

N/A

SPY

YTD

-5.76%

1M

-0.90%

6M

-4.30%

1Y

9.72%

5Y*

15.76%

10Y*

12.16%

*Annualized

Compare stocks, funds, or ETFs

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IQM vs. SPY - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for IQM: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IQM: 0.50%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

IQM vs. SPY — Risk-Adjusted Performance Rank

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

IQM
The Risk-Adjusted Performance Rank of IQM is 4747
Overall Rank
The Sharpe Ratio Rank of IQM is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of IQM is 4949
Sortino Ratio Rank
The Omega Ratio Rank of IQM is 4848
Omega Ratio Rank
The Calmar Ratio Rank of IQM is 5151
Calmar Ratio Rank
The Martin Ratio Rank of IQM is 4444
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6666
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IQM vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for IQM, currently valued at 0.30, compared to the broader market-1.000.001.002.003.004.00
IQM: 0.30
SPY: 0.51
The chart of Sortino ratio for IQM, currently valued at 0.65, compared to the broader market-2.000.002.004.006.008.00
IQM: 0.65
SPY: 0.86
The chart of Omega ratio for IQM, currently valued at 1.09, compared to the broader market0.501.001.502.002.50
IQM: 1.09
SPY: 1.13
The chart of Calmar ratio for IQM, currently valued at 0.34, compared to the broader market0.002.004.006.008.0010.0012.00
IQM: 0.34
SPY: 0.55
The chart of Martin ratio for IQM, currently valued at 1.02, compared to the broader market0.0020.0040.0060.00
IQM: 1.02
SPY: 2.26

The current IQM Sharpe Ratio is 0.30, which is lower than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IQM and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.30
0.51
IQM
SPY

Dividends

IQM vs. SPY - Dividend Comparison

IQM has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.


TTM20242023202220212020201920182017201620152014
IQM
Franklin Intelligent Machines ETF
0.00%0.00%0.00%0.00%0.17%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

IQM vs. SPY - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IQM and SPY. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.85%
-9.89%
IQM
SPY

Volatility

IQM vs. SPY - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 20.69% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
20.69%
15.12%
IQM
SPY