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 -50.84% vs 115.70% for IGPT. At a correlation of -0.80, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.56%/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 -29.34% return, which is significantly lower than IGPT's 68.99% return.
AIBD
- 1D
- 4.59%
- 1M
- -0.57%
- YTD
- -29.34%
- 6M
- -27.18%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGPT
- 1D
- -7.04%
- 1M
- 9.45%
- YTD
- 68.99%
- 6M
- 69.36%
- 1Y
- 115.70%
- 3Y*
- 42.39%
- 5Y*
- 14.53%
- 10Y*
- 22.51%
AIBD vs. IGPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.34% | -49.15% | -34.56% |
IGPT Invesco AI and Next Gen Software ETF | 68.99% | 31.55% | 2.80% |
Correlation
The correlation between AIBD and IGPT is -0.70, 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 | -0.70 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.80 |
The correlation between AIBD and IGPT has been stable across timeframes, ranging from -0.80 to -0.70 - a consistent structural relationship.
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | IGPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.45 | ||
| Sortino ratioReturn per unit of downside risk | -5.32 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.56 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 6.98 | -7.84 |
| Martin ratioReturn relative to average drawdown | -1.72 | 25.88 | -27.60 |
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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 | -58.75% | -16.68% | -42.07% |
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 | -78.50% | -7.04% | -71.46% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -11.94% | -36.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.08% | 4.49% | +27.59% |
Volatility
AIBD vs. IGPT - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 21.86% compared to Invesco AI and Next Gen Software ETF (IGPT) at 19.26%. 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 | 21.86% | 19.26% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 28.98% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.13% | 33.13% | +21.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 28.71% | +28.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 26.86% | +30.44% |
AIBD vs. IGPT - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than IGPT's 0.56% expense ratio.
Dividends
AIBD vs. IGPT - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.81%, more than IGPT's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.81% | 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 | 0.01% | 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 -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.86%) compared to IGPT (19.26%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGPT's -50.14%.
On 1-year performance, IGPT leads with 115.70% vs -50.84% for AIBD. On fees, IGPT is cheaper at 0.56% per year. On volatility, IGPT has been the lower-risk option at 19.26%. 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 115.70% return vs -50.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGPT is cheaper with a 0.56% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.81%, compared with 0.01% 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 0.56% for IGPT.
IGPT currently has the higher Sharpe Ratio (3.51 vs -0.94), 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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