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IQMvsCNEQETF Comparison

ETF 1

IQM

Franklin Intelligent Machines ETF

This fund is part of

AI & Big Data

-2.99%

Full IQM fund page

VS

ETF 2

CNEQ

Alger Concentrated Equity ETF

This fund is part of

US Large Cap Growth

-2.07%

Full CNEQ fund page

Franklin Intelligent Machines ETF (IQM) belongs to the AI & Big Data segment. Alger Concentrated Equity ETF (CNEQ) is part of the US Large Cap Growth segment. IQM's top 3 sector exposures are Technology, Industrials and Energy. In contrast, CNEQ's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. IQM is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 1.62% for CNEQ. IQM is up 17.57% year-to-date (YTD) with +$5M in YTD flows. CNEQ performs worse with 14.58% YTD performance, and +$5.14B in YTD flows. Run a side-by-side ETF comparison of IQM and CNEQ 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 CNEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IQM CNEQ	+0.97%+0.80%	-7.60%-0.99%	+17.57%+14.58%	+16.35%+13.73%	+129.52%n/a	+106.73%n/a
Flows	IQM CNEQ	-$5M+$2.71B	-$16M+$4.54B	+$5M+$5.14B	+$23M+$5.21B	+$32M-	+$43M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IQM CNEQ	+39.22%+22.90%	+37.30%+24.49%	+31.22%n/a	+30.50%n/a
Max drawdown	IQM CNEQ	-15.43%-9.46%	-25.34%-18.59%	-29.93%n/a	-44.75%n/a
Max drawdown duration	IQM CNEQ	28d19d	113d174d	152dn/a	830dn/a

Trading data

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	IQM	CNEQ
Last sale 10/14/2026 at 6:04 PM	$102.59	$38.97
Previous close 10/14/2026	$107.69	$39.41
Consolidated volume 10/14/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/14/2026 at 6:04 PM

Live

Closed

	IQM	CNEQ
Last price	$102.59	$38.97
1D performance	-4.74%	-1.12%
AuM	$82.13 M	$5.38 B
E/R	0.5%	1.62%

Characteristics

	IQM	CNEQ
Management strategy	Active	Active
Provider	Franklin Templeton	Fred Alger Management
Benchmark	-	-
N° of holdings	78	27
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 25, 2020	April 5, 2024
ESG	No	No

More IQM data on Trackinsight

More CNEQ data on Trackinsight

Exposure

Countries

IQM

USA

73.12%

Other

26.88%

CNEQ

USA

78.23%

Other

21.77%

Sectors

IQM

Technology

74.19%

Industrials

18.72%

Other

7.08%

CNEQ

Technology

62.51%

Consumer Non-Cycl.

7.46%

Other

30.04%

Diversification

IQM

Total weight of top 15 holdings out of 15

53.38%

CNEQ

Total weight of top 15 holdings out of 15

73.48%

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%

CNEQ

NVIDIA Corp.

14.60%

Microsoft Corp.

8.32%

Alphabet, Inc.

5.87%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.50%

Apple, Inc.

5.05%

Broadcom Inc.

4.62%

Amazon.com, Inc.

4.58%

Nebius Group NV

4.24%

Western Digital Corp.

4.11%

Micron Technology, Inc.

3.06%

Meta Platforms, Inc.

2.96%

Sea Ltd. (Singapore)

2.88%

Tesla, Inc.

2.69%

Talen Energy Corp.

2.59%

GE Vernova, Inc.

2.41%

Frequently asked questions about IQM and CNEQ

How have the IQM and CNEQ ETFs performed in 2026?

As of October 14, 2026, IQM is up 17.57% year-to-date (YTD), while CNEQ has returned 14.58%. That puts IQM better performer ahead so far this year.

Which ETF is attracting more investor money: IQM or CNEQ?

Year-to-date, the IQM ETF saw +$5M in flows, compared to +$5.14B for CNEQ.

Which ETF is more volatile: IQM or CNEQ?

Over the past year, IQM had a volatility of 37.3%, while CNEQ experienced 24.49%.

Which ETF is bigger: IQM or CNEQ?

As of October 14, 2026, IQM holds $82.13 M in assets under management (AUM), while CNEQ manages $5.38 B.

What sectors do the IQM and CNEQ ETFs invest in?

IQM leans toward sectors like Technology and Industrials. Meanwhile, CNEQ focuses on Technology and Consumer Non-Cyclicals.

What are the top holdings of the IQM ETF and CNEQ ETF?

IQM top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Celestica, Inc.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

IQMvsCNEQETF Comparison

Franklin Intelligent Machines ETF

Alger Concentrated Equity ETF

IQM vs CNEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IQM and CNEQ ETFs performed in 2026?

As of October 14, 2026, IQM is up 17.57% year-to-date (YTD), while CNEQ has returned 14.58%. That puts IQM better performer ahead so far this year.

Which ETF is attracting more investor money: IQM or CNEQ?

Year-to-date, the IQM ETF saw +$5M in flows, compared to +$5.14B for CNEQ.

Which ETF is more volatile: IQM or CNEQ?

Over the past year, IQM had a volatility of 37.3%, while CNEQ experienced 24.49%.

Which ETF is bigger: IQM or CNEQ?

As of October 14, 2026, IQM holds $82.13 M in assets under management (AUM), while CNEQ manages $5.38 B.

What sectors do the IQM and CNEQ ETFs invest in?

IQM leans toward sectors like Technology and Industrials. Meanwhile, CNEQ focuses on Technology and Consumer Non-Cyclicals.

What are the top holdings of the IQM ETF and CNEQ ETF?

IQM top holdings include NVIDIA Corp., Taiwan Semiconductor Manufacturing Co., Ltd. and Celestica, Inc.. CNEQ holds in its top three: NVIDIA Corp., Microsoft Corp. and Alphabet, Inc..

Which ETF is more diversified: IQM or CNEQ?

IQM holds 78 securities with 53.38% of its assets in the top 15. CNEQ has 27 securities and a top 15 weight of 73.48%.

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