QQQ vs. IQM
Compare and contrast key facts about Invesco QQQ ETF (QQQ) and Franklin Intelligent Machines ETF (IQM).
QQQ and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.
Performance
QQQ vs. IQM - Performance Comparison
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QQQ vs. IQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | -4.65% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 53.66% |
IQM Franklin Intelligent Machines ETF | 3.22% | 30.76% | 31.03% | 41.06% | -33.36% | 25.18% | 78.48% |
Returns By Period
In the year-to-date period, QQQ achieves a -4.65% return, which is significantly lower than IQM's 3.22% return.
QQQ
- 1D
- 0.11%
- 1M
- -2.64%
- YTD
- -4.65%
- 6M
- -3.18%
- 1Y
- 23.45%
- 3Y*
- 22.97%
- 5Y*
- 13.18%
- 10Y*
- 19.05%
IQM
- 1D
- 0.02%
- 1M
- -0.85%
- YTD
- 3.22%
- 6M
- 1.44%
- 1Y
- 53.79%
- 3Y*
- 27.23%
- 5Y*
- 15.41%
- 10Y*
- —
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QQQ vs. IQM - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than IQM's 0.50% expense ratio.
Return for Risk
QQQ vs. IQM — Risk / Return Rank
QQQ
IQM
QQQ vs. IQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Franklin Intelligent Machines ETF (IQM). 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.
| QQQ | IQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.62 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.23 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.88 | -1.95 |
Martin ratioReturn relative to average drawdown | 7.00 | 12.05 | -5.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | IQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.62 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.54 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.78 | -0.41 |
Correlation
The correlation between QQQ and IQM is 0.90, 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
QQQ vs. IQM - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.48%, while IQM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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% |
Drawdowns
QQQ vs. IQM - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than IQM's maximum drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for QQQ and IQM.
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Drawdown Indicators
| QQQ | IQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -44.91% | -38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -14.71% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -44.91% | +9.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -7.75% | -6.84% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -32.98% | -12.55% | -20.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 4.74% | -1.26% |
Volatility
QQQ vs. IQM - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 6.38%, while Franklin Intelligent Machines ETF (IQM) has a volatility of 12.54%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than IQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | IQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 12.54% | -6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 23.50% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 33.39% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 28.66% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 30.72% | -8.48% |