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 18.42% year-to-date (YTD) with +$10M in YTD flows. ALAI performs better with 23.46% YTD performance, and +$622M 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 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IQM ALAI | +5.26%+8.18% | -11.38%-0.61% | +18.42%+23.46% | +27.50%+32.54% | +123.48%n/a | +102.64%n/a |
| Flows | IQM ALAI | -$11M+$492M | +$13M+$560M | +$10M+$622M | +$28M+$768M | +$38M- | +$48M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IQM ALAI | +50.46%+31.36% | +36.60%+25.97% | +30.76%n/a | +30.22%n/a |
| Max drawdown | IQM ALAI | -25.34%-13.47% | -25.34%-18.30% | -29.93%n/a | -44.75%n/a |
| Max drawdown duration | IQM ALAI | 66d68d | 66d169d | 152dn/a | 830dn/a |
Trading data
IQM | ALAI | |
Last sale 8/28/2026 at 1:30 PM | $103.47 | $44.77 |
| Previous close 08/27/2026 | $106.49 | $45.40 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/28/2026 at 1:30 PM
Live
Closed
IQM | ALAI | |
|---|---|---|
| Last price | $103.47 | $44.77 |
| 1D performance | -2.84% | -1.39% |
| AuM | $87.89 M | $987.13 M |
| E/R | 0.5% | 1.68% |
Characteristics
IQM | ALAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Fred Alger Management |
| Benchmark | - | - |
| N° of holdings | 75 | 61 |
| 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
73.76%
Other
26.24%
ALAI
USA
71.86%
Other
28.14%
Sectors
IQM
Technology
72.85%
Industrials
19.52%
Other
7.64%
ALAI
Technology
62.78%
Consumer Non-Cycl.
8.24%
Other
28.99%
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Diversification
IQM
Total weight of top 15 holdings out of 15
55.71%
ALAI
Total weight of top 15 holdings out of 15
59.46%
Top 15 holdings
Data as of July 31, 2026
IQM
NVIDIA Corp.
8.13%
Taiwan Semiconductor Manufacturing Co., Ltd.
6.36%
Broadcom Inc.
5.15%
Celestica, Inc.
4.70%
Apple, Inc.
4.42%
Sandisk Corp.
3.87%
GE Vernova, Inc.
3.61%
Bloom Energy Corp.
2.81%
Teradyne, Inc.
2.63%
Tesla, Inc.
2.49%
Lam Research Corp.
2.48%
Arista Networks, Inc.
2.44%
KLA Corp.
2.33%
Applied Materials, Inc.
2.24%
Quanta Services, Inc.
2.06%
ALAI
NVIDIA Corp.
13.20%
Microsoft Corp.
6.59%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.59%
Amazon.com, Inc.
5.23%
Western Digital Corp.
4.17%
Alphabet, Inc.
4.15%
Meta Platforms, Inc.
3.50%
Nebius Group NV
3.37%
Seagate Technology Holdings Plc
2.69%
Apple, Inc.
2.22%
SK hynix, Inc.
1.94%
Snowflake, Inc.
1.79%
Talen Energy Corp.
1.75%
Micron Technology, Inc.
1.64%
Forgent Power Solutions, Inc.
1.62%
Frequently asked questions about IQM and ALAI
How have the IQM and ALAI ETFs performed in 2026?
As of August 28, 2026, IQM is up 18.42% year-to-date (YTD), while ALAI has returned 23.46%. 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 +$10M in flows, compared to +$622M for ALAI.
Which ETF is more volatile: IQM or ALAI?
Over the past year, IQM had a volatility of 36.6%, while ALAI experienced 25.97%.
Which ETF is bigger: IQM or ALAI?
As of August 28, 2026, IQM holds $87.89 M in assets under management (AUM), while ALAI manages $987.13 M.
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 Broadcom Inc.. ALAI holds in its top three: NVIDIA Corp., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co., Ltd..
Which ETF is more diversified: IQM or ALAI?
IQM holds 75 securities with 55.71% of its assets in the top 15. ALAI has 63 securities and a top 15 weight of 59.46%.
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