Franklin Intelligent Machines ETF (IQM) Performance
IQM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.9% since Dec 31, 2025
- 1 year
- +3.1% total return
- 5 years
- +12.5% a year
- Since first price
- +22.3% a year since 2020
IQM trailing returns vs SPY, QQQ, AGG
| Period | IQM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.0% | −16.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −14.4% | −14.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −12.9% | −12.9% | +7.8% | +8.4% | −1.5% |
| YTD | +5.9% | +5.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.1% | +3.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +118.1%+29.7%/yr | +118.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +80.2%+12.5%/yr | +79.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 27, 2020 | +281.2%+22.3%/yr | +280.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IQM vs SPY
From Feb 27, 2020: IQM grew to $38,117, SPY to $28,094.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IQM returns by calendar year
4 of 5 full years positive. Best 2023 (+41.1%), worst 2022 (−33.4%). 2026 is year to date.
IQM annual returns table
| Year | IQM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.9% | −26.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.8% | −30.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +31.0% | −18.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +41.1% | −19.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −33.4% | −41.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.2% | −19.7% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IQM largest drawdowns
Now 26.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | −44.9% | Oct 14, 2022 | Mar 1, 2024 | 11 months | 2.3 years |
| Jan 23, 2025 | −30.4% | Apr 8, 2025 | Jun 24, 2025 | 2 months | 5 months |
| Mar 4, 2020 | −30.2% | Mar 23, 2020 | May 11, 2020 | 19 days | 2 months |
| Jun 22, 2026 | −26.5% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Feb 12, 2021 | −19.7% | Mar 8, 2021 | Aug 3, 2021 | 24 days | 6 months |
| Jul 8, 2024 | −18.6% | Aug 5, 2024 | Nov 8, 2024 | 28 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IQM risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +35.8% | +18.0% | +26.2% |
| Volatility (annualized) | 26.2% | 28.5% | 28.4% |
| Sharpe ratio | 1.14 | 0.60 | 0.87 |
| Sortino ratio | 2.02 | 0.95 | 1.47 |
| Best month | +21.8% | +21.8% | +21.8% |
| Worst month | −17.5% | −17.5% | −17.5% |
| Best 12 months | +77.8% | +77.8% | +109.9% |
| Worst 12 months | −2.7% | −33.5% | −33.5% |
| Positive months | 69% | 62% | 62% |
| Beta vs S&P 500 | 1.65 | 1.53 | — |
| Correlation with S&P 500 | 0.78 | 0.84 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IQM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 69 | −33.5% | +29.7% | +109.9% | 78% |
| 3-year (a year) | 45 | +4.8% | +19.6% | +38.1% | 100% |
| 5-year (a year) | 21 | +11.3% | +18.8% | +23.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
IQM performance overview
Franklin Intelligent Machines ETF (IQM) returned +3.1% over the past year and +12.5% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +22.3% a year, turning $10,000 into about $38,117. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −44.9%, from Nov 19, 2021 to Oct 14, 2022, and it took 1.4 years to get back to the old high. IQM finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+41.1%) and the worst 2022 (−33.4%). Volatility has been 28.4% a year.
Related: IQM chart, IQM holdings, IQM valuation. See the IQM overview for the latest quote and fund facts.
IQM performance FAQ
What is the IQM return over the past year?
IQM returned +3.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.1%.
What is the average annual return of IQM?
IQM has returned +12.5% a year over 5 years, +22.3% a year since February 27, 2020 (total return, distributions reinvested).
How much would $10,000 invested in IQM be worth?
$10,000 invested in IQM at its first recorded close on February 27, 2020 would be worth about $38,117 on October 23, 2026 with distributions reinvested.
What was the worst year for IQM?
The worst calendar year was 2022, with a total return of −33.4%. The best was 2023 at +41.1%.
What is the biggest drawdown of IQM?
The largest peak-to-trough decline was −44.9% between November 19, 2021 and October 14, 2022. It recovered to the old high on March 1, 2024, 1.4 years after the bottom.
How volatile is IQM?
Over the past 3 years IQM had an annualized volatility of 26.2% and a Sharpe ratio of 1.14 (excess return over 1–3 month T-bills per unit of risk).