AIBD vs. IGPT
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and IGPT (Invesco AI and Next Gen Software ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past year, AIBD returned -59.55% vs 123.95% for IGPT. At a correlation of -0.80, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.60%/yr for IGPT.
Performance
AIBD vs. IGPT - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -38.68% return, which is significantly lower than IGPT's 72.49% return.
AIBD
- 1D
- 4.30%
- 1M
- -24.36%
- YTD
- -38.68%
- 6M
- -33.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGPT
- 1D
- 0.39%
- 1M
- 28.39%
- YTD
- 72.49%
- 6M
- 75.56%
- 1Y
- 123.95%
- 3Y*
- 43.05%
- 5Y*
- 15.89%
- 10Y*
- 22.30%
AIBD vs. IGPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -38.68% | -49.15% | -33.02% |
IGPT Invesco AI and Next Gen Software ETF | 72.49% | 31.55% | 0.16% |
Correlation
The correlation between AIBD and IGPT is -0.69, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | -0.80 |
The correlation between AIBD and IGPT shifts across timeframes, from -0.80 (all time) to -0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AIBD vs. IGPT — Risk / Return Rank
AIBD
IGPT
AIBD vs. IGPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and Invesco AI and Next Gen Software ETF (IGPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AIBD | IGPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.56 | ||
| Sortino ratioReturn per unit of downside risk | -6.99 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.67 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 7.47 | -8.44 |
| Martin ratioReturn relative to average drawdown | -1.78 | 29.16 | -30.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBD | IGPT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 4.39 | -5.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | 0.63 | -1.58 |
Drawdowns
AIBD vs. IGPT - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than IGPT's maximum drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for AIBD and IGPT.
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Drawdown Indicators
| AIBD | IGPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -50.14% | -31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -61.47% | -16.68% | -44.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.14% | — |
Current DrawdownCurrent decline from peak | -81.34% | 0.00% | -81.34% |
Average DrawdownAverage peak-to-trough decline | -48.17% | -11.96% | -36.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.38% | 4.27% | +29.11% |
Volatility
AIBD vs. IGPT - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 14.63% compared to Invesco AI and Next Gen Software ETF (IGPT) at 12.51%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than IGPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | IGPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 12.51% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 23.50% | +13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.16% | 28.42% | +22.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 27.66% | +28.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 26.33% | +30.19% |
AIBD vs. IGPT - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than IGPT's 0.60% expense ratio.
Dividends
AIBD vs. IGPT - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.68%, more than IGPT's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.68% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGPT Invesco AI and Next Gen Software ETF | 0.03% | 0.04% | 0.00% | 0.00% | 1.41% | 6.21% | 0.04% | 0.05% | 0.00% | 0.00% | 0.03% | 0.15% |
Frequently Asked Questions
AIBD and IGPT have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (14.63%) compared to IGPT (12.51%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGPT's -50.14%.
On 1-year performance, IGPT leads with 123.95% vs -59.55% for AIBD. On fees, IGPT is cheaper at 0.60% per year. On volatility, IGPT has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGPT has performed better with a 123.95% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGPT is cheaper with a 0.60% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.68%, compared with 0.03% for IGPT.
AIBD is categorized as Inverse Equities, while IGPT is Technology Equities. AIBD tracks Solactive US AI & Big Data Index, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.05% for AIBD and 0.60% for IGPT.
IGPT currently has the higher Sharpe Ratio (4.39 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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