IQM vs. TDV

Last updated Aug 4, 2026

IQM (Franklin Intelligent Machines ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds. IQM is actively managed, while TDV is passively managed. Over the past 5 years, IQM returned 15.99%/yr vs 11.63%/yr for TDV. Their correlation of 0.83 means they have usually moved in the same direction. IQM charges 0.50%/yr vs 0.45%/yr for TDV.

Performance

IQM vs. TDV - Performance Comparison

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

Returns By Period

In the year-to-date period, IQM achieves a 19.53% return, which is significantly higher than TDV's 15.84% 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%

TDV

• 1D: 0.74%
• 1M: 0.16%
• 6M: 10.79%
• YTD: 15.84%
• 1Y: 23.40%
• 3Y*: 16.36%
• 5Y*: 11.63%
• 10Y*: —
• ALL TIME*: 15.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQM Franklin Intelligent Machines ETF	$905.23K	$711.02K	$931.48K
TDV ProShares S&P Technology Dividend Aristocrats ETF	$563.42K	$555.21K	$605.15K

IQM vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	19.53%	30.76%	31.03%	41.06%	-33.36%	25.18%	76.92%
TDV ProShares S&P Technology Dividend Aristocrats ETF	15.84%	16.05%	9.72%	27.29%	-15.94%	28.29%	34.23%

Correlation

The correlation between IQM and TDV is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.83

The correlation between IQM and TDV has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

IQM vs. TDV - Sectors Allocation Comparison

Sectors	IQM	TDV
Technology	70.5%	90.3%
Industrials	14.8%	4.6%
Utilities	3.5%	-
Energy	3.1%	-
Consumer Cyclical	2.7%	-
Communication Services	1.1%	-
Healthcare	1.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Financial Services	-	5.1%
Real Estate	-	-

Return for Risk

IQM vs. TDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQM

IQM Risk / Return Rank: 39
IQM Sharpe Ratio Rank: 38
IQM Sortino Ratio Rank: 37
IQM Omega Ratio Rank: 38
IQM Calmar Ratio Rank: 38
IQM Martin Ratio Rank: 45

TDV

TDV Risk / Return Rank: 52
TDV Sharpe Ratio Rank: 48
TDV Sortino Ratio Rank: 45
TDV Omega Ratio Rank: 45
TDV Calmar Ratio Rank: 68
TDV Martin Ratio Rank: 53

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. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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	TDV	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.22	-0.24
Sortino ratio: Return per unit of downside risk	1.42	1.70	-0.28
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.39	2.46	-1.08
Martin ratio: Return relative to average drawdown	5.25	6.43	-1.18

IQM vs. TDV - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 0.97, which is comparable to the TDV Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IQM and TDV, 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. TDV - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than TDV's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for IQM and TDV.

Drawdown Indicators

	IQM	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-32.78%	-12.13%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	-9.55%	-15.73%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-22.51%	-7.91%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-25.11%	-19.80%
Current Drawdown Current decline from peak	-17.03%	-6.28%	-10.75%
Average Drawdown Average peak-to-trough decline	-12.20%	-5.37%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	3.65%	+3.01%

Volatility

IQM vs. TDV - Volatility Comparison

Franklin Intelligent Machines ETF (IQM) has a higher volatility of 15.54% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 5.20%. This indicates that IQM's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.54%	5.20%	+10.34%
Volatility (6M) Calculated over the trailing 6-month period	31.13%	15.28%	+15.85%
Volatility (1Y) Calculated over the trailing 1-year period	36.17%	19.38%	+16.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	20.83%	+9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.69%	23.26%	+8.43%

IQM vs. TDV - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is higher than TDV's 0.45% expense ratio.

Dividends

IQM vs. TDV - Dividend Comparison

IQM has not paid dividends to shareholders, while TDV's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.05%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both IQM and TDV in my portfolio?

IQM and TDV have a correlation of 0.76, 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 TDV?

IQM has higher volatility (15.54%) compared to TDV (5.20%). In terms of maximum drawdown, IQM dropped -44.91% vs TDV's -32.78%.

Which ETF is better, IQM or TDV?

On 5-year performance, IQM leads with 15.99% vs 11.63% for TDV. On fees, TDV is cheaper at 0.45% per year. On volatility, TDV has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQM or TDV?

Over the 5-year period, IQM has performed better with a 15.99% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQM or TDV?

TDV is cheaper with a 0.45% expense ratio, compared with 0.50% for IQM.

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

TDV has the higher dividend yield at 1.05%, compared with 0.00% for IQM.

What is the main difference between IQM and TDV?

They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.50% for IQM and 0.45% for TDV.

Which has better risk-adjusted returns?

TDV currently has the higher Sharpe Ratio (1.22 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.