NATO vs IQM
Comparison between THEMES TRANSATLANTIC DEFENSE ETF (NATO, ETF) and FRANKLIN INTELLIGENT MACHINES ETF (IQM, ETF).
NATO vs IQM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NATO
$103M
IQM
$103M
Expense Ratio
Winner
NATO
0.35%
IQM
0.50%
Max Drawdown
Winner
NATO
15.99%
IQM
45.01%
Sharpe Ratio
NATO
0.53
Winner
IQM
0.84
5Y Beta
Winner
NATO
0.83
IQM
1.71
P/E Ratio
Winner
NATO
45.97
IQM
51.01
Forward P/E
NATO
31.85
Winner
IQM
28.44
PEG Ratio
NATO
N/A
IQM
0.36
5Y EPS CAGR
NATO
N/A
IQM
36.28%
Debt to Equity
NATO
137.91%
IQM
N/A
P/S Ratio
NATO
3.16
Winner
IQM
2.77
P/B Ratio
Winner
NATO
6.60
IQM
13.69
NATO vs IQM - Holdings Comparison
NATO and IQM have 6 common holdings. Overlap is 2.70%
NATO's top 25 holdings weight is 88.94%. IQM's top 25 holdings weight is 70.65%.
| Rank | NATO | IQM |
|---|---|---|
| #1 | GE AEROSPACE (GE) - 9.36% | NVIDIA CORP (NVDA) - 7.94% |
| #2 | RTX CORP (RTX) - 7.89% | n/a (TSM) - 6.08% |
| #3 | BOEING CO (BA) - 7.42% | BROADCOM INC (AVGO) - 4.83% |
| #4 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 7.14% | n/a (n/a) - 4.49% |
| #5 | LOCKHEED MARTIN CORP (LMT) - 5.33% | SANDISK CORP ORDINARY SHARES (SNDK) - 4.39% |
| #6 | AIRBUS SE (n/a) - 5.23% | APPLE INC (AAPL) - 3.87% |
| #7 | HOWMET AEROSPACE INC (HWM) - 5.08% | GE VERNOVA INC (GEV) - 3.24% |
| #8 | SAFRAN SA (n/a) - 4.73% | FRANKLIN INSTL U.S. GOVT MNY MKT FUND (INFXX) - 3.17% |
| #9 | GENERAL DYNAMICS CORP (GD) - 3.85% | BLOOM ENERGY CORP CLASS A (BE) - 2.95% |
| #10 | NORTHROP GRUMMAN CORP (NOC) - 3.55% | TESLA INC (TSLA) - 2.73% |
| #11 | BAE SYSTEMS PLC (n/a) - 3.48% | TERADYNE INC (TER) - 2.62% |
| #12 | HONEYWELL INTERNATIONAL INC (HON) - 3.19% | LAM RESEARCH CORP (LRCX) - 2.46% |
| #13 | TRANSDIGM GROUP INC (TDG) - 3.15% | ARISTA NETWORKS INC (ANET) - 2.26% |
| #14 | HONEYWELL AEROSPACE INC (HONA) - 2.97% | KLA CORP (KLAC) - 2.23% |
| #15 | L3HARRIS TECHNOLOGIES INC (LHX) - 2.55% | APPLIED MATERIALS INC (AMAT) - 2.18% |
| #16 | RHEINMETALL AG (n/a) - 2.42% | QUANTA SERVICES INC (PWR) - 1.93% |
| #17 | ROCKET LAB CORP (RKLB) - 1.98% | ASML HOLDING NV ADR (ASML) - 1.76% |
| #18 | AXON ENTERPRISE INC (AXON) - 1.90% | SK HYNIX INC (n/a) - 1.63% |
| #19 | TELEDYNE TECHNOLOGIES INC (TDY) - 1.37% | ADVANCED MICRO DEVICES INC (AMD) - 1.61% |
| #20 | CURTISS-WRIGHT CORP (CW) - 1.32% | VERTIV HOLDINGS CO CLASS A (VRT) - 1.60% |
| #21 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 1.09% | WESTERN DIGITAL CORP (WDC) - 1.51% |
| #22 | THALES (n/a) - 1.02% | TTM TECHNOLOGIES INC (TTMI) - 1.34% |
| #23 | MTU AERO ENGINES AG (n/a) - 1.01% | CLOUDFLARE INC (NET) - 1.32% |
| #24 | FTAI AVIATION LTD (FTAI) - 0.98% | AMPHENOL CORP CLASS A (APH) - 1.31% |
| #25 | n/a (n/a) - 0.93% | ROCKET LAB CORP (RKLB) - 1.20% |
| Total Holdings | 94 | 79 |
NATO vs IQM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NATO
-0.22%
IQM
-0.86%
3M
Winner
NATO
+3.73%
IQM
-9.88%
6M
NATO
-6.00%
Winner
IQM
+7.80%
1Y
NATO
+13.41%
Winner
IQM
+29.46%
5Y(CAGR)
NATO
N/A
IQM
+15.44%
Max(CAGR)
Winner
NATO
+29.28%
IQM
+24.90%
NATO vs IQM - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NATO | IQM |
|---|---|---|
| 2026 | +4.50% | +15.21% |
| 2025 | +51.85% | +30.98% |
| 2024 | +0.35% | +34.91% |
| 2023 | N/A | +42.59% |
| 2022 | N/A | -33.76% |
| 2021 | N/A | +26.37% |
| 2020 | N/A | +78.48% |
NATO vs IQM Drawdown Comparison
The maximum drawdown for NATO was -15.99%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for IQM was -44.91%, occurring on Oct 14, 2022. Recovery took 571 trading sessions.
The current NATO drawdown is -7.76%. The current IQM drawdown is -18.40%.
| Rank | NATO | IQM |
|---|---|---|
| #1 | -15.99% Mar 2, 2026 - Mar 30, 2026 | -44.91% Nov 19, 2021 - Mar 1, 2024 |
| #2 | -13.28% Mar 19, 2025 - Apr 29, 2025 | -30.42% Jan 23, 2025 - Jun 24, 2025 |
| #3 | -10.85% Oct 8, 2025 - Jan 5, 2026 | -30.17% Mar 4, 2020 - May 8, 2020 |
| #4 | -7.21% Nov 11, 2024 - Feb 18, 2025 | -25.28% Jun 22, 2026 - Jul 29, 2026 |
| #5 | -7.16% Jan 16, 2026 - Feb 20, 2026 | -19.70% Feb 12, 2021 - Aug 3, 2021 |
| #6 | -4.72% Oct 18, 2024 - Nov 6, 2024 | -18.59% Jul 8, 2024 - Nov 8, 2024 |
| #7 | -4.03% Mar 5, 2025 - Mar 17, 2025 | -14.71% Oct 29, 2025 - Jan 16, 2026 |
| #8 | -3.96% Feb 18, 2025 - Feb 28, 2025 | -13.95% Feb 25, 2026 - Apr 10, 2026 |
| #9 | -3.23% Jul 23, 2025 - Sep 11, 2025 | -11.91% Sep 2, 2020 - Oct 12, 2020 |
| #10 | -1.91% Jun 5, 2025 - Jun 26, 2025 | -11.57% Mar 7, 2024 - May 21, 2024 |
| #11 | -1.84% Jun 30, 2025 - Jul 9, 2025 | -11.50% Jun 2, 2026 - Jun 18, 2026 |
| #12 | -1.79% May 19, 2025 - May 27, 2025 | -10.10% Jan 16, 2026 - Feb 25, 2026 |
| #13 | -1.55% Jul 18, 2025 - Jul 23, 2025 | -8.35% Sep 7, 2021 - Oct 25, 2021 |
| #14 | -1.26% Mar 3, 2025 - Mar 5, 2025 | -8.30% Oct 13, 2020 - Nov 5, 2020 |
| #15 | -1.26% Feb 20, 2026 - Mar 2, 2026 | -7.14% May 14, 2026 - May 26, 2026 |
Correlation
Correlation between NATO and IQM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2020 - 2025)
NATO vs IQM dividend yield comparison.
| Year | NATO | IQM |
|---|---|---|
| 2025 | 0.45% | 0.00% |
| 2024 | 0.08% | 0.00% |
| 2021 | 0.00% | 0.17% |
| 2020 | 0.00% | 0.01% |
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