IQM, NYSE

Franklin Intelligent Machines ETF (IQM)

Price (as of September 5)

36.373USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.87

SRTY

ProShares UltraPro Short Russell2000

-0.73

DISV

Dimensional International Small Cap Value ETF

-0.23

DIHP

Dimensional International High Profitability ETF

-0.2

DBND

DoubleLine Opportunistic Bond ETF

-0.18

GRNR

Global X Green Building ETF

-0.17

INQQ

India Internet & Ecommerce ETF

-0.17

DURA

VanEck Morningstar Durable Dividend ETF

-0.15

IBHB

iShares iBonds 2022 Term High Yield and Income ETF

-0.14

GRZZ

Grizzle Growth ETF

-0.13

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Highest within Industry

Symbol Correlation

TQQQ

ProShares UltraPro QQQ

0.88

QLD

ProShares Ultra QQQ

0.88

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

0.88

VGT

Vanguard Information Technology Index Fund

0.87

ROM

ProShares Ultra Technology

0.87

ROBO

Robo Global Robotics and Automation Index ETF

0.87

SOXL

Direxion Daily Semiconductor Bull 3X Shares

0.86

TECL

Direxion Daily Technology Bull 3X Shares

0.86

USD

ProShares Ultra Semiconductors

0.86

ARKK

ARK Innovation ETF

0.85

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Profile

Sector:
Technology
Industry:
Exchange Traded Funds

Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of intelligent machines. The fund invests predominantly in common stock. Although it may invest across economic sectors, the advisor expects to have significant positions in particular sectors including technology. The fund is non-diversified.