QWLD vs. IQM
Compare and contrast key facts about SPDR MSCI World StrategicFactors ETF (QWLD) and Franklin Intelligent Machines ETF (IQM).
QWLD and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QWLD is a passively managed fund by State Street that tracks the performance of the MSCI World Factor Mix A-Series (USD). It was launched on Jun 4, 2014. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.
Performance
QWLD vs. IQM - Performance Comparison
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QWLD vs. IQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QWLD SPDR MSCI World StrategicFactors ETF | 0.53% | 17.93% | 14.44% | 19.59% | -13.30% | 21.57% | 17.85% |
IQM Franklin Intelligent Machines ETF | 3.20% | 30.76% | 31.03% | 41.06% | -33.36% | 25.18% | 78.48% |
Returns By Period
In the year-to-date period, QWLD achieves a 0.53% return, which is significantly lower than IQM's 3.20% return.
QWLD
- 1D
- 0.61%
- 1M
- -4.33%
- YTD
- 0.53%
- 6M
- 3.21%
- 1Y
- 15.02%
- 3Y*
- 15.26%
- 5Y*
- 9.99%
- 10Y*
- 11.14%
IQM
- 1D
- 1.99%
- 1M
- -3.98%
- YTD
- 3.20%
- 6M
- 2.05%
- 1Y
- 57.05%
- 3Y*
- 26.96%
- 5Y*
- 15.40%
- 10Y*
- —
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QWLD vs. IQM - Expense Ratio Comparison
QWLD has a 0.30% expense ratio, which is lower than IQM's 0.50% expense ratio.
Return for Risk
QWLD vs. IQM — Risk / Return Rank
QWLD
IQM
QWLD vs. IQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) 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.
| QWLD | IQM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.72 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.33 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 4.00 | -2.56 |
Martin ratioReturn relative to average drawdown | 7.15 | 12.47 | -5.32 |
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
| QWLD | IQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.72 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.54 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.78 | -0.12 |
Correlation
The correlation between QWLD and IQM is 0.75, 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
QWLD vs. IQM - Dividend Comparison
QWLD's dividend yield for the trailing twelve months is around 1.84%, while IQM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QWLD SPDR MSCI World StrategicFactors ETF | 1.84% | 1.85% | 1.74% | 1.78% | 2.02% | 1.77% | 1.77% | 2.13% | 2.33% | 2.73% | 2.22% | 3.42% |
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
QWLD vs. IQM - Drawdown Comparison
The maximum QWLD drawdown since its inception was -31.89%, smaller than the maximum IQM drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for QWLD and IQM.
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Drawdown Indicators
| QWLD | IQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -44.91% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -14.71% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.84% | -44.91% | +22.07% |
Max Drawdown (10Y)Largest decline over 10 years | -31.89% | — | — |
Current DrawdownCurrent decline from peak | -4.82% | -6.86% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -12.55% | +8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 4.72% | -2.62% |
Volatility
QWLD vs. IQM - Volatility Comparison
The current volatility for SPDR MSCI World StrategicFactors ETF (QWLD) is 4.62%, while Franklin Intelligent Machines ETF (IQM) has a volatility of 12.71%. This indicates that QWLD 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
| QWLD | IQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 12.71% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 23.53% | -16.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 33.40% | -19.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 28.67% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 30.73% | -15.53% |