AIQ vs. IGPT

Last updated Aug 1, 2026

AIQ (Global X Artificial Intelligence & Technology ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both Artificial Intelligence funds - AIQ tracks the Indxx Artificial Intelligence & Big Data Index while IGPT tracks the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past 5 years, AIQ returned 14.37%/yr vs 12.06%/yr for IGPT. Their correlation of 0.87 means they have usually moved in the same direction. AIQ charges 0.68%/yr vs 0.56%/yr for IGPT.

Performance

AIQ vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Artificial Intelligence & Technology ETF (AIQ) and Invesco AI and Next Gen Software ETF (IGPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIQ achieves a 15.79% return, which is significantly lower than IGPT's 45.80% return.

AIQ

• 1D: 0.34%
• 1M: -4.79%
• 6M: 13.32%
• YTD: 15.79%
• 1Y: 35.59%
• 3Y*: 26.21%
• 5Y*: 14.37%
• 10Y*: —
• ALL TIME*: 18.51%

IGPT

• 1D: 0.59%
• 1M: -8.98%
• 6M: 33.98%
• YTD: 45.80%
• 1Y: 74.93%
• 3Y*: 33.09%
• 5Y*: 12.06%
• 10Y*: 19.74%
• ALL TIME*: 14.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIQ Global X Artificial Intelligence & Technology ETF	$120.56M	$130.50M	$165.49M
IGPT Invesco AI and Next Gen Software ETF	$28.12M	$21.89M	$21.69M

AIQ vs. IGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	15.79%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.05%
IGPT Invesco AI and Next Gen Software ETF	45.80%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	0.11%

Correlation

The correlation between AIQ and IGPT is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.87

The correlation between AIQ and IGPT has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

AIQ vs. IGPT - Sectors Allocation Comparison

Sectors	AIQ	IGPT
Technology	78.8%	76.6%
Communication Services	10.1%	16.9%
Consumer Cyclical	6.6%	0.1%
Industrials	3.6%	2.0%
Financial Services	0.5%	0.1%
Healthcare	0.4%	2.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	2.4%
Utilities	-	-

Return for Risk

AIQ vs. IGPT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIQ

AIQ Risk / Return Rank: 45
AIQ Sharpe Ratio Rank: 46
AIQ Sortino Ratio Rank: 44
AIQ Omega Ratio Rank: 44
AIQ Calmar Ratio Rank: 45
AIQ Martin Ratio Rank: 44

IGPT

IGPT Risk / Return Rank: 80
IGPT Sharpe Ratio Rank: 84
IGPT Sortino Ratio Rank: 77
IGPT Omega Ratio Rank: 78
IGPT Calmar Ratio Rank: 80
IGPT Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIQ vs. IGPT - Risk-Adjusted Trends 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.

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.

	AIQ	IGPT	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.94	-0.81
Sortino ratio: Return per unit of downside risk	1.60	2.46	-0.86
Omega ratio: Gain probability vs. loss probability	1.20	1.32	-0.12
Calmar ratio: Return relative to maximum drawdown	1.60	2.89	-1.29
Martin ratio: Return relative to average drawdown	4.82	11.04	-6.22

AIQ vs. IGPT - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 1.13, which is lower than the IGPT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of AIQ and IGPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIQ vs. IGPT - Drawdown Comparison

The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for AIQ and IGPT.

Drawdown Indicators

	AIQ	IGPT	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-50.14%	+5.48%
Max Drawdown (1Y) Largest decline over 1 year	-20.19%	-24.74%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	-29.30%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-44.66%	-42.04%	-2.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.14%	—
Current Drawdown Current decline from peak	-16.04%	-19.79%	+3.75%
Average Drawdown Average peak-to-trough decline	-9.82%	-11.95%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.71%	6.47%	+0.24%

Volatility

AIQ vs. IGPT - Volatility Comparison

The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 10.41%, while Invesco AI and Next Gen Software ETF (IGPT) has a volatility of 14.66%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than IGPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIQ	IGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	14.66%	-4.25%
Volatility (6M) Calculated over the trailing 6-month period	24.84%	32.84%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	28.57%	36.85%	-8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.42%	29.53%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	27.29%	-1.31%

AIQ vs. IGPT - Expense Ratio Comparison

AIQ has a 0.68% expense ratio, which is higher than IGPT's 0.56% expense ratio.

Dividends

AIQ vs. IGPT - Dividend Comparison

AIQ's dividend yield for the trailing twelve months is around 0.08%, more than IGPT's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.08%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	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

Can I hold both AIQ and IGPT in my portfolio?

With a correlation of 0.94, AIQ and IGPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AIQ or IGPT?

IGPT has higher volatility (14.66%) compared to AIQ (10.41%). In terms of maximum drawdown, AIQ dropped -44.66% vs IGPT's -50.14%.

Which ETF is better, AIQ or IGPT?

On 5-year performance, AIQ leads with 14.37% vs 12.06% for IGPT. On fees, IGPT is cheaper at 0.56% per year. On volatility, AIQ has been the lower-risk option at 10.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIQ or IGPT?

Over the 5-year period, AIQ has performed better with a 14.37% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIQ or IGPT?

IGPT is cheaper with a 0.56% expense ratio, compared with 0.68% for AIQ.

Which ETF pays a higher dividend yield, AIQ or IGPT?

AIQ has the higher dividend yield at 0.08%, compared with 0.01% for IGPT.

What is the main difference between AIQ and IGPT?

AIQ tracks Indxx Artificial Intelligence & Big Data Index, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.68% for AIQ and 0.56% for IGPT.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (1.94 vs 1.13), 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.