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 -39.60% vs 80.41% for IGPT. At a correlation of -0.79, 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 -26.00% return, which is significantly lower than IGPT's 50.90% return.
AIBD
- 1D
- 5.39%
- 1M
- 9.76%
- 6M
- -24.63%
- YTD
- -26.00%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGPT
- 1D
- -4.85%
- 1M
- -10.22%
- 6M
- 44.02%
- YTD
- 50.90%
- 1Y
- 80.41%
- 3Y*
- 33.11%
- 5Y*
- 13.37%
- 10Y*
- 20.12%
AIBD vs. IGPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -26.00% | -49.15% | -34.56% |
IGPT Invesco AI and Next Gen Software ETF | 50.90% | 31.55% | 2.80% |
Correlation
The correlation between AIBD and IGPT is -0.71, 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 | -0.71 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.79 |
The correlation between AIBD and IGPT has been stable across timeframes, ranging from -0.79 to -0.71 - 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 | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 4.76 | -5.43 |
| Martin ratioReturn relative to average drawdown | -1.41 | 15.62 | -17.03 |
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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% | -16.99% | -41.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.14% | — |
Current DrawdownCurrent decline from peak | -77.48% | -16.99% | -60.49% |
Average DrawdownAverage peak-to-trough decline | -49.73% | -11.94% | -37.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.63% | 5.16% | +23.47% |
Volatility
AIBD vs. IGPT - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and Invesco AI and Next Gen Software ETF (IGPT) have volatilities of 15.87% and 16.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 15.87% | 16.30% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 31.59% | +10.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.86% | 35.41% | +19.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 29.23% | +27.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.20% | 27.11% | +30.09% |
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 3.41%, 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 | 3.41% | 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 -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGPT has higher volatility (16.30%) compared to AIBD (15.87%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGPT's -50.14%.
On 1-year performance, IGPT leads with 80.41% vs -39.60% for AIBD. On fees, IGPT is cheaper at 0.56% per year. On volatility, AIBD has been the lower-risk option at 15.87%. 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 80.41% return vs -39.60%. 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 3.41%, 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 (2.28 vs -0.72), 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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