AIQ vs. IGPT
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and Invesco AI and Next Gen Software ETF (IGPT).
AIQ and IGPT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIQ is a passively managed fund by Global X that tracks the performance of the Indxx Artificial Intelligence & Big Data Index. It was launched on May 11, 2018. IGPT is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Software Development Index. It was launched on Jun 23, 2005. Both AIQ and IGPT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIQ or IGPT.
Correlation
The correlation between AIQ and IGPT is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIQ vs. IGPT - Performance Comparison
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Key characteristics
AIQ:
0.71
IGPT:
0.05
AIQ:
1.23
IGPT:
0.40
AIQ:
1.17
IGPT:
1.05
AIQ:
0.81
IGPT:
0.14
AIQ:
2.77
IGPT:
0.37
AIQ:
7.66%
IGPT:
10.85%
AIQ:
27.22%
IGPT:
30.88%
AIQ:
-44.66%
IGPT:
-48.44%
AIQ:
-4.30%
IGPT:
-8.06%
Returns By Period
In the year-to-date period, AIQ achieves a 5.93% return, which is significantly higher than IGPT's 1.15% return.
AIQ
5.93%
20.74%
8.51%
19.26%
17.86%
N/A
IGPT
1.15%
21.32%
0.13%
1.53%
10.78%
15.10%
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AIQ vs. IGPT - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than IGPT's 0.60% expense ratio.
Risk-Adjusted Performance
AIQ vs. IGPT — Risk-Adjusted Performance Rank
AIQ
IGPT
AIQ vs. IGPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) 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.
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Dividends
AIQ vs. IGPT - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.13%, while IGPT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.13% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% |
IGPT Invesco AI and Next Gen Software ETF | 0.00% | 0.00% | 0.00% | 4.23% | 18.63% | 0.11% | 0.15% | 0.00% | 0.00% | 0.10% | 0.44% | 0.29% |
Drawdowns
AIQ vs. IGPT - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum IGPT drawdown of -48.44%. Use the drawdown chart below to compare losses from any high point for AIQ and IGPT. For additional features, visit the drawdowns tool.
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Volatility
AIQ vs. IGPT - Volatility Comparison
Global X Artificial Intelligence & Technology ETF (AIQ) and Invesco AI and Next Gen Software ETF (IGPT) have volatilities of 6.89% and 7.16%, 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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