IQM vs. TSXU

Last updated Aug 4, 2026

IQM (Franklin Intelligent Machines ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - IQM is a Technology Equities fund actively managed by Franklin Templeton, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). IQM is actively managed, while TSXU is passively managed. Their correlation of 0.88 means they have usually moved in the same direction. IQM charges 0.50%/yr vs 1.05%/yr for TSXU.

Performance

IQM vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Intelligent Machines ETF (IQM) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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 TSXU's 81.53% 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%

TSXU

• 1D: 1.53%
• 1M: -8.30%
• 6M: 48.90%
• YTD: 81.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	$8.58M	$5.40M	$2.96M

IQM vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
IQM Franklin Intelligent Machines ETF	19.53%	0.15%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	81.53%	37.96%

Correlation

The correlation between IQM and TSXU is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.88

Return for Risk

IQM vs. TSXU — 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

TSXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Intelligent Machines ETF (IQM) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	5.25	—	—

Drawdowns

IQM vs. TSXU - Drawdown Comparison

The maximum IQM drawdown since its inception was -44.91%, which is greater than TSXU's maximum drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for IQM and TSXU.

Drawdown Indicators

	IQM	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-44.91%	-38.13%	-6.78%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	—	—
Current Drawdown Current decline from peak	-17.03%	-26.61%	+9.58%
Average Drawdown Average peak-to-trough decline	-12.20%	-11.77%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	—	—

Volatility

Volatility by Period

	IQM	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.17%	92.64%	-56.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	92.64%	-62.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.69%	92.64%	-60.95%

IQM vs. TSXU - Expense Ratio Comparison

IQM has a 0.50% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

IQM vs. TSXU - Dividend Comparison

IQM has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.93%.

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%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.93%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQM and TSXU in my portfolio?

IQM and TSXU have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQM or TSXU?

On fees, IQM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQM or TSXU?

IQM is cheaper with a 0.50% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.93%, compared with 0.00% for IQM.

What is the main difference between IQM and TSXU?

IQM is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Franklin Templeton and Direxion. Their fees differ too: 0.50% for IQM and 1.05% for TSXU.