IQM vs NATO
Comparison between FRANKLIN INTELLIGENT MACHINES ETF (IQM, ETF) and THEMES TRANSATLANTIC DEFENSE ETF (NATO, ETF).
IQM vs NATO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IQM
$103M
Winner
NATO
$103M
Expense Ratio
IQM
0.50%
Winner
NATO
0.35%
Max Drawdown
IQM
45.01%
Winner
NATO
15.99%
Sharpe Ratio
Winner
IQM
0.90
NATO
0.62
5Y Beta
IQM
1.71
Winner
NATO
0.83
P/E Ratio
IQM
51.01
Winner
NATO
45.97
Forward P/E
Winner
IQM
28.56
NATO
32.89
PEG Ratio
IQM
0.36
NATO
N/A
5Y EPS CAGR
IQM
36.28%
NATO
N/A
Debt to Equity
IQM
N/A
NATO
137.91%
P/S Ratio
Winner
IQM
2.77
NATO
3.16
P/B Ratio
IQM
13.69
Winner
NATO
6.60
IQM vs NATO - Holdings Comparison
IQM and NATO have 6 common holdings. Overlap is 2.70%
IQM's top 25 holdings weight is 70.65%. NATO's top 25 holdings weight is 88.94%.
| Rank | IQM | NATO |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.94% | GE AEROSPACE (GE) - 9.36% |
| #2 | n/a (TSM) - 6.08% | RTX CORP (RTX) - 7.89% |
| #3 | BROADCOM INC (AVGO) - 4.83% | BOEING CO (BA) - 7.42% |
| #4 | n/a (n/a) - 4.49% | ROLLS-ROYCE HOLDINGS PLC (n/a) - 7.14% |
| #5 | SANDISK CORP ORDINARY SHARES (SNDK) - 4.39% | LOCKHEED MARTIN CORP (LMT) - 5.33% |
| #6 | APPLE INC (AAPL) - 3.87% | AIRBUS SE (n/a) - 5.23% |
| #7 | GE VERNOVA INC (GEV) - 3.24% | HOWMET AEROSPACE INC (HWM) - 5.08% |
| #8 | FRANKLIN INSTL U.S. GOVT MNY MKT FUND (INFXX) - 3.17% | SAFRAN SA (n/a) - 4.73% |
| #9 | BLOOM ENERGY CORP CLASS A (BE) - 2.95% | GENERAL DYNAMICS CORP (GD) - 3.85% |
| #10 | TESLA INC (TSLA) - 2.73% | NORTHROP GRUMMAN CORP (NOC) - 3.55% |
| #11 | TERADYNE INC (TER) - 2.62% | BAE SYSTEMS PLC (n/a) - 3.48% |
| #12 | LAM RESEARCH CORP (LRCX) - 2.46% | HONEYWELL INTERNATIONAL INC (HON) - 3.19% |
| #13 | ARISTA NETWORKS INC (ANET) - 2.26% | TRANSDIGM GROUP INC (TDG) - 3.15% |
| #14 | KLA CORP (KLAC) - 2.23% | HONEYWELL AEROSPACE INC (HONA) - 2.97% |
| #15 | APPLIED MATERIALS INC (AMAT) - 2.18% | L3HARRIS TECHNOLOGIES INC (LHX) - 2.55% |
| #16 | QUANTA SERVICES INC (PWR) - 1.93% | RHEINMETALL AG (n/a) - 2.42% |
| #17 | ASML HOLDING NV ADR (ASML) - 1.76% | ROCKET LAB CORP (RKLB) - 1.98% |
| #18 | SK HYNIX INC (n/a) - 1.63% | AXON ENTERPRISE INC (AXON) - 1.90% |
| #19 | ADVANCED MICRO DEVICES INC (AMD) - 1.61% | TELEDYNE TECHNOLOGIES INC (TDY) - 1.37% |
| #20 | VERTIV HOLDINGS CO CLASS A (VRT) - 1.60% | CURTISS-WRIGHT CORP (CW) - 1.32% |
| #21 | WESTERN DIGITAL CORP (WDC) - 1.51% | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 1.09% |
| #22 | TTM TECHNOLOGIES INC (TTMI) - 1.34% | THALES (n/a) - 1.02% |
| #23 | CLOUDFLARE INC (NET) - 1.32% | MTU AERO ENGINES AG (n/a) - 1.01% |
| #24 | AMPHENOL CORP CLASS A (APH) - 1.31% | FTAI AVIATION LTD (FTAI) - 0.98% |
| #25 | ROCKET LAB CORP (RKLB) - 1.20% | n/a (n/a) - 0.93% |
| Total Holdings | 79 | 94 |
IQM vs NATO - Historical Returns
Returns include dividend reinvestment.
1M
IQM
-3.66%
Winner
NATO
+5.28%
3M
IQM
-6.61%
Winner
NATO
+6.46%
6M
Winner
IQM
+11.56%
NATO
-5.29%
1Y
Winner
IQM
+36.05%
NATO
+15.76%
5Y(CAGR)
IQM
+16.56%
NATO
N/A
Max(CAGR)
IQM
+25.45%
Winner
NATO
+30.45%
IQM vs NATO - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | IQM | NATO |
|---|---|---|
| 2026 | +18.35% | +6.03% |
| 2025 | +30.98% | +51.85% |
| 2024 | +34.91% | +0.35% |
| 2023 | +42.59% | N/A |
| 2022 | -33.76% | N/A |
| 2021 | +26.37% | N/A |
| 2020 | +78.48% | N/A |
IQM vs NATO Drawdown Comparison
The maximum drawdown for IQM was -44.91%, occurring on Oct 14, 2022. Recovery took 571 trading sessions.
The maximum drawdown for NATO was -15.99%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current IQM drawdown is -16.17%. The current NATO drawdown is -6.41%.
| Rank | IQM | NATO |
|---|---|---|
| #1 | -44.91% Nov 19, 2021 - Mar 1, 2024 | -15.99% Mar 2, 2026 - Mar 30, 2026 |
| #2 | -30.42% Jan 23, 2025 - Jun 24, 2025 | -13.28% Mar 19, 2025 - Apr 29, 2025 |
| #3 | -30.17% Mar 4, 2020 - May 8, 2020 | -10.85% Oct 8, 2025 - Jan 5, 2026 |
| #4 | -25.28% Jun 22, 2026 - Jul 29, 2026 | -7.21% Nov 11, 2024 - Feb 18, 2025 |
| #5 | -19.70% Feb 12, 2021 - Aug 3, 2021 | -7.16% Jan 16, 2026 - Feb 20, 2026 |
| #6 | -18.59% Jul 8, 2024 - Nov 8, 2024 | -4.72% Oct 18, 2024 - Nov 6, 2024 |
| #7 | -14.71% Oct 29, 2025 - Jan 16, 2026 | -4.03% Mar 5, 2025 - Mar 17, 2025 |
| #8 | -13.95% Feb 25, 2026 - Apr 10, 2026 | -3.96% Feb 18, 2025 - Feb 28, 2025 |
| #9 | -11.91% Sep 2, 2020 - Oct 12, 2020 | -3.23% Jul 23, 2025 - Sep 11, 2025 |
| #10 | -11.57% Mar 7, 2024 - May 21, 2024 | -1.91% Jun 5, 2025 - Jun 26, 2025 |
| #11 | -11.50% Jun 2, 2026 - Jun 18, 2026 | -1.84% Jun 30, 2025 - Jul 9, 2025 |
| #12 | -10.10% Jan 16, 2026 - Feb 25, 2026 | -1.79% May 19, 2025 - May 27, 2025 |
| #13 | -8.35% Sep 7, 2021 - Oct 25, 2021 | -1.55% Jul 18, 2025 - Jul 23, 2025 |
| #14 | -8.30% Oct 13, 2020 - Nov 5, 2020 | -1.26% Mar 3, 2025 - Mar 5, 2025 |
| #15 | -7.14% May 14, 2026 - May 26, 2026 | -1.26% Feb 20, 2026 - Mar 2, 2026 |
Correlation
Correlation between IQM and NATO is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2020 - 2025)
IQM vs NATO dividend yield comparison.
| Year | IQM | NATO |
|---|---|---|
| 2025 | 0.00% | 0.45% |
| 2024 | 0.00% | 0.08% |
| 2021 | 0.17% | 0.00% |
| 2020 | 0.01% | 0.00% |
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