$ARKQ vs $IQM
ARK Autonomous Technology & Robotics ETF vs. Franklin Intelligent Machines ETF: fees, size, yield, strategy and live prices side by side.
Side by side
| Metric | $ARKQ | $IQM |
|---|---|---|
| Provider | ARK Invest | Franklin Templeton |
| Category | Core robotics & automation | AI & robotics |
| Management | Active | Active |
| AUM | $1.75B | $74M |
| Expense ratio | 0.75% | 0.50% |
| Yearly fee on $10,000 | $75 | $50 |
| Dividend yield | 0.27% | 0.00% |
| Pays | Annual | None yet |
| Launched | Sep 30, 2014 | Feb 25, 2020 |
The short version
$IQM is cheaper to own, at 0.50% a year versus 0.75%. $ARKQ is the bigger fund, with $1.75B in assets. $ARKQ has been around longer, launching on September 30, 2014.
$ARKQ
ARK's autonomous technology and robotics fund is an actively managed bet on autonomous vehicles, robotics, 3D printing, energy storage and space exploration, run in ARK's high-conviction style. Holdings are concentrated and can include large positions in a few names like electric vehicle and autonomy companies. It behaves more like a growth and disruption fund than a pure robotics index.
$IQM
Franklin's intelligent machines ETF is an actively managed fund investing in companies behind intelligent machines: robotics, automation, sensors and the chips and software that power them. It often holds large positions in AI chip and semiconductor equipment names, so it can trade much like a tech growth fund. It pays little or no dividend.
Lower fees and more assets are helpful, but they are not the whole story. The bigger question is which strategy matches what you want to own. This comparison is not a recommendation to buy or sell either fund.
FAQ
What is the difference between ARKQ and IQM?
ARKQ is the ARK Autonomous Technology & Robotics ETF from ARK Invest (core robotics & automation), while IQM is the Franklin Intelligent Machines ETF from Franklin Templeton (ai & robotics). They differ in strategy, fees and size.
Which is cheaper, ARKQ or IQM?
IQM has the lower expense ratio: 0.50% vs 0.75%.
Which is bigger, ARKQ or IQM?
ARKQ has more assets: $1.75B vs $74M.
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