In my experience, most of the good, well celebrated or famous headphones, IEMs, buds, whatever, are so because they achieve a certain harmony between audio quality, balanced tonality and sometimes (rarely?) price.
But, that's where the similarities end for me.
To my ears, even when it's detailed enough and tonally balanced enough, there's a stark difference in the 'presentation' of the sound that cannot be summed up as 'soundstage'.
Of course, 'presentation' varies greatly even in the most similar of headphones, but that's nitpicking for this discussion.
We all actively focus on different parts of the sound, so of course there will be aspects you don't naturally pay close attention to or may even ignore.
Of the things I pay attention to personally; I find that IEMs seldom possess 'air'. This I've seen sometimes simplified to "anything over 10kHz", but again, I think it's more complex, and something that occurs more naturally in open-back headphones and earbuds.
Closed-backs and IEMs very often can't present sound with the same sense of expansiveness, and sounds don't just appear more 'in my head', but even on a psychoacoustic level, it's difficult to imagine it being any larger.
I also really love sub-bass.
In all my headphones, buds, IEMs, if there is no sub-bass, I feel it's missing a whole layer of sound, and one of the most important parts of the sound that gives a sense of scale and presence and impact.
It really saddens me that frequency response graphs start at 20Hz, since I can feel and 'hear' everything down to 1hZ if the headphone is capable... (just not so much over 16kHz

)
Anyway, IEMs naturally excel at sub-bass, so I was easily fooled into thinking my relatively cheap IEMs were pretty decent.
After trying out some new earbuds, I was gobsmacked at how much more quality sub-bass I was getting (yes - buds can be bassier than IEMs), combined with detailed treble, 'air' and soundstage that I've never heard from an IEM. (although Shure SE846 came close from what I recall)
But that's one major point for me. I'm getting an enjoyable sound presentation from $3-30 ear buds that I can't get from an IEM under $1000(?).
Of course expensive IEMs might produce a more accurate sound with more detail, but if it's boring, what's the point?
It's all relative and we've all got different preferences, but that's one thing that makes this all so interesting.
I'm not making any counter statements or arguments here, just throwing in some meandering thoughts and opinions.