IQM vs. TRFK

Last updated Aug 4, 2026

IQM (Franklin Intelligent Machines ETF) and TRFK (Pacer Data and Digital Revolution ETF) are both Technology Equities funds. IQM is actively managed, while TRFK is passively managed. Over the past 3 years, IQM returned 30.20%/yr vs 42.90%/yr for TRFK. Their correlation of 0.92 means they have usually moved in the same direction. IQM charges 0.50%/yr vs 0.60%/yr for TRFK.

Performance

IQM vs. TRFK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and Pacer Data and Digital Revolution ETF (TRFK). 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 lower than TRFK's 42.16% 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%

TRFK

• 1D: 2.15%
• 1M: -5.74%
• 6M: 39.68%
• YTD: 42.16%
• 1Y: 50.62%
• 3Y*: 42.90%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.18%

*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
TRFK Pacer Data and Digital Revolution ETF	$17.22M	$18.25M	$19.56M

IQM vs. TRFK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IQM Franklin Intelligent Machines ETF	19.53%	30.76%	31.03%	41.06%	-5.04%
TRFK Pacer Data and Digital Revolution ETF	42.16%	26.81%	38.30%	66.63%	-10.61%

Correlation

The correlation between IQM and TRFK is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.92

The correlation between IQM and TRFK has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

IQM vs. TRFK - Sectors Allocation Comparison

Sectors	IQM	TRFK
Technology	70.5%	87.4%
Industrials	14.8%	12.0%
Utilities	3.5%	-
Energy	3.1%	-
Consumer Cyclical	2.7%	-
Communication Services	1.1%	0.6%
Healthcare	1.0%	-
Basic Materials	-	0.9%
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	0.0%

Return for Risk

IQM vs. TRFK — 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

TRFK

TRFK Risk / Return Rank: 52
TRFK Sharpe Ratio Rank: 56
TRFK Sortino Ratio Rank: 52
TRFK Omega Ratio Rank: 52
TRFK Calmar Ratio Rank: 53
TRFK Martin Ratio Rank: 45

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. TRFK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Pacer Data and Digital Revolution ETF (TRFK). 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	TRFK	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.38	-0.41
Sortino ratio: Return per unit of downside risk	1.42	1.89	-0.48
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.39	1.94	-0.56
Martin ratio: Return relative to average drawdown	5.25	5.23	+0.01

IQM vs. TRFK - Sharpe Ratio Comparison

The current IQM Sharpe Ratio is 0.97, which is comparable to the TRFK Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of IQM and TRFK, 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. TRFK - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than TRFK's maximum drawdown of -29.06%. Use the drawdown chart below to compare losses from any high point for IQM and TRFK.

Drawdown Indicators

	IQM	TRFK	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-29.06%	-15.85%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	-26.17%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-29.06%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	—	—
Current Drawdown Current decline from peak	-17.03%	-18.08%	+1.05%
Average Drawdown Average peak-to-trough decline	-12.20%	-6.25%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	9.70%	-3.04%

Volatility

IQM vs. TRFK - Volatility Comparison

The current volatility for Franklin Intelligent Machines ETF (IQM) is 15.54%, while Pacer Data and Digital Revolution ETF (TRFK) has a volatility of 16.62%. This indicates that IQM experiences smaller price fluctuations and is considered to be less risky than TRFK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQM	TRFK	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.54%	16.62%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	31.13%	32.05%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	36.17%	36.82%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	30.90%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.69%	30.90%	+0.79%

IQM vs. TRFK - Expense Ratio Comparison

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

Dividends

IQM vs. TRFK - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%
TRFK Pacer Data and Digital Revolution ETF	0.01%	0.01%	0.40%	0.20%	0.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQM and TRFK in my portfolio?

IQM and TRFK have a correlation of 0.89, 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 TRFK?

TRFK has higher volatility (16.62%) compared to IQM (15.54%). In terms of maximum drawdown, IQM dropped -44.91% vs TRFK's -29.06%.

Which ETF is better, IQM or TRFK?

On 3-year performance, TRFK leads with 42.90% vs 30.20% for IQM. On fees, IQM is cheaper at 0.50% per year. On volatility, IQM has been the lower-risk option at 15.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQM or TRFK?

Over the 3-year period, TRFK has performed better with a 42.90% return vs 30.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQM or TRFK?

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

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

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

What is the main difference between IQM and TRFK?

They also come from different issuers: Franklin Templeton and Pacer. Their fees differ too: 0.50% for IQM and 0.60% for TRFK.

Which has better risk-adjusted returns?

TRFK currently has the higher Sharpe Ratio (1.38 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.