IQMvsALAIETF Comparison
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Franklin Intelligent Machines ETF (IQM) and Alger AI Enablers & Adopters ETF (ALAI) belong to the same industry segment: AI & Big Data. IQM's top 3 sector exposures are Technology, Industrials and Energy. In contrast, ALAI's top sector exposures are Technology, Consumer Non-Cyclicals and Finance. IQM is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 1.68% for ALAI. IQM is up 14.87% year-to-date (YTD) with +$5M in YTD flows. ALAI performs better with 23.15% YTD performance, and +$1.42B in YTD flows. Run a side-by-side ETF comparison of IQM and ALAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IQM vs ALAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IQM ALAI | -1.07%+1.69% | -8.75%-0.09% | +14.87%+23.15% | +13.00%+21.24% | +124.24%n/a | +100.85%n/a |
| Flows | IQM ALAI | -+$529M | -$16M+$1.33B | +$5M+$1.42B | +$23M+$1.45B | +$32M- | +$43M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IQM ALAI | +39.42%+25.96% | +37.37%+25.95% | +31.23%n/a | +30.51%n/a |
| Max drawdown | IQM ALAI | -14.51%-9.72% | -25.34%-18.30% | -29.93%n/a | -44.75%n/a |
| Max drawdown duration | IQM ALAI | 27d19d | 114d169d | 152dn/a | 830dn/a |
Trading data
IQM | ALAI | |
Last sale 10/16/2026 at 1:30 PM | $96.90 | $43.06 |
| Previous close 10/15/2026 | $100.50 | $44.54 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
IQM | ALAI | |
|---|---|---|
| Last price | $96.90 | $43.06 |
| 1D performance | -3.58% | -3.32% |
| AuM | $80.24 M | $1.77 B |
| E/R | 0.5% | 1.68% |
Characteristics
IQM | ALAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 78 | 64 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 25, 2020 | April 5, 2024 |
| ESG | No | No |
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Exposure
Countries
IQM
USA
73.12%
Other
26.88%
ALAI
USA
76.94%
Other
23.06%
Sectors
IQM
Technology
74.19%
Industrials
18.72%
Other
7.08%
ALAI
Technology
66.86%
Consumer Non-Cycl.
9.51%
Other
23.63%
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Diversification
IQM
Total weight of top 15 holdings out of 15
53.38%
ALAI
Total weight of top 15 holdings out of 15
64.03%
Top 15 holdings
Data as of August 31, 2026
IQM
NVIDIA Corp.
7.86%
Taiwan Semiconductor Manufacturing Co., Ltd.
6.01%
Celestica, Inc.
4.32%
Sandisk Corp.
4.32%
Broadcom Inc.
4.32%
Apple, Inc.
3.91%
GE Vernova, Inc.
3.28%
Bloom Energy Corp.
3.10%
Arista Networks, Inc.
2.85%
Teradyne, Inc.
2.71%
Lam Research Corp.
2.53%
Advanced Micro Devices, Inc.
2.26%
KLA Corp.
2.00%
Applied Materials, Inc.
1.98%
Quanta Services, Inc.
1.94%
ALAI
NVIDIA Corp.
14.34%
Microsoft Corp.
8.42%
Amazon.com, Inc.
6.80%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.64%
Alphabet, Inc.
3.78%
Meta Platforms, Inc.
3.47%
Nebius Group NV
3.30%
Seagate Technology Holdings Plc
3.18%
Broadcom Inc.
2.68%
Western Digital Corp.
2.24%
Lumentum Holdings, Inc.
2.16%
Micron Technology, Inc.
2.11%
Apple, Inc.
2.03%
Advanced Micro Devices, Inc.
2.01%
Snowflake, Inc.
1.88%
Frequently asked questions about IQM and ALAI
How have the IQM and ALAI ETFs performed in 2026?
As of October 15, 2026, IQM is up 14.87% year-to-date (YTD), while ALAI has returned 23.15%. That puts ALAI better performer ahead so far this year.
Which ETF is attracting more investor money: IQM or ALAI?
Year-to-date, the IQM ETF saw +$5M in flows, compared to +$1.42B for ALAI.
Which ETF is more volatile: IQM or ALAI?
Over the past year, IQM had a volatility of 37.37%, while ALAI experienced 25.95%.
Which ETF is bigger: IQM or ALAI?
As of October 15, 2026, IQM holds $80.24 M in assets under management (AUM), while ALAI manages $1.77 B.
What sectors do the IQM and ALAI ETFs invest in?
IQM leans toward sectors like Technology and Industrials. Meanwhile, ALAI focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the IQM ETF and ALAI ETF?
IQM top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Celestica, Inc.. ALAI holds in its top three: NVIDIA Corp., Microsoft Corp. and Amazon.com, Inc..
Which ETF is more diversified: IQM or ALAI?
IQM holds 78 securities with 53.38% of its assets in the top 15. ALAI has 65 securities and a top 15 weight of 64.03%.
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