FLTW vs. IGPT

Last updated Jun 13, 2026

FLTW (Franklin FTSE Taiwan ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both exchange-traded funds - FLTW is a Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index, while IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past 5 years, FLTW returned 20.89%/yr vs 14.12%/yr for IGPT. A 0.56 correlation means they provide meaningful diversification when combined. FLTW charges 0.19%/yr vs 0.60%/yr for IGPT.

Performance

FLTW vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Taiwan ETF (FLTW) and Invesco AI and Next Gen Software ETF (IGPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLTW having a 65.68% return and IGPT slightly lower at 63.54%.

FLTW

• 1D: 0.59%
• 1M: 9.23%
• YTD: 65.68%
• 6M: 71.97%
• 1Y: 100.51%
• 3Y*: 39.63%
• 5Y*: 20.89%
• 10Y*: —

IGPT

• 1D: 0.39%
• 1M: 6.20%
• YTD: 63.54%
• 6M: 68.47%
• 1Y: 107.67%
• 3Y*: 39.41%
• 5Y*: 14.12%
• 10Y*: 21.76%

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

FLTW vs. IGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLTW Franklin FTSE Taiwan ETF	65.68%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.28%
IGPT Invesco AI and Next Gen Software ETF	63.54%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	-2.82%

Correlation

The correlation between FLTW and IGPT is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.56

Over the past year, FLTW and IGPT have become more correlated (0.78) than their long-term average of 0.56, meaning their price movements have been converging.

FLTW vs. IGPT - Sectors Allocation Comparison

Sectors	FLTW	IGPT
Technology	75.6%	73.9%
Financial Services	12.6%	1.3%
Industrials	4.0%	3.1%
Basic Materials	2.9%	-
Consumer Cyclical	1.7%	-
Communication Services	1.6%	15.6%
Consumer Defensive	0.9%	-
Healthcare	0.6%	3.6%
Energy	0.1%	-
Real Estate	-	3.9%
Utilities	-	-

Return for Risk

FLTW vs. IGPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTW

FLTW Risk / Return Rank: 95
FLTW Sharpe Ratio Rank: 96
FLTW Sortino Ratio Rank: 92
FLTW Omega Ratio Rank: 93
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

IGPT

IGPT Risk / Return Rank: 94
IGPT Sharpe Ratio Rank: 95
IGPT Sortino Ratio Rank: 92
IGPT Omega Ratio Rank: 92
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTW vs. IGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) 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.

	FLTW	IGPT	Difference
Sharpe ratio: Return per unit of total volatility	3.62	3.45	+0.17
Sortino ratio: Return per unit of downside risk	4.02	3.90	+0.12
Omega ratio: Gain probability vs. loss probability	1.58	1.55	+0.03
Calmar ratio: Return relative to maximum drawdown	9.29	6.49	+2.80
Martin ratio: Return relative to average drawdown	27.95	24.22	+3.73

FLTW vs. IGPT - Sharpe Ratio Comparison

The current FLTW Sharpe Ratio is 3.62, which is comparable to the IGPT Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of FLTW 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

FLTW vs. IGPT - Drawdown Comparison

The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for FLTW and IGPT.

Drawdown Indicators

	FLTW	IGPT	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-50.14%	+12.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-16.68%	+5.81%
Max Drawdown (3Y) Largest decline over 3 years	-26.45%	-29.30%	+2.85%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-44.87%	+6.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.14%	—
Current Drawdown Current decline from peak	-4.47%	-5.19%	+0.72%
Average Drawdown Average peak-to-trough decline	-8.42%	-11.96%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	4.46%	-0.85%

Volatility

FLTW vs. IGPT - Volatility Comparison

The current volatility for Franklin FTSE Taiwan ETF (FLTW) is 15.27%, while Invesco AI and Next Gen Software ETF (IGPT) has a volatility of 16.48%. This indicates that FLTW 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

	FLTW	IGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.27%	16.48%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	23.85%	27.20%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	27.98%	31.38%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	28.26%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	26.65%	-4.62%

FLTW vs. IGPT - Expense Ratio Comparison

FLTW has a 0.19% expense ratio, which is lower than IGPT's 0.60% expense ratio.

Dividends

FLTW vs. IGPT - Dividend Comparison

FLTW's dividend yield for the trailing twelve months is around 1.51%, more than IGPT's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTW Franklin FTSE Taiwan ETF	1.51%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	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

Can I hold both FLTW and IGPT in my portfolio?

FLTW and IGPT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTW or IGPT?

IGPT has higher volatility (16.48%) compared to FLTW (15.27%). In terms of maximum drawdown, FLTW dropped -38.00% vs IGPT's -50.14%.

Which ETF is better, FLTW or IGPT?

On 5-year performance, FLTW leads with 20.89% vs 14.12% for IGPT. On fees, FLTW is cheaper at 0.19% per year. On volatility, FLTW has been the lower-risk option at 15.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTW or IGPT?

Over the 5-year period, FLTW has performed better with a 20.89% return vs 14.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTW or IGPT?

FLTW is cheaper with a 0.19% expense ratio, compared with 0.60% for IGPT.

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

FLTW has the higher dividend yield at 1.51%, compared with 0.03% for IGPT.

What is the main difference between FLTW and IGPT?

FLTW is categorized as Asia Pacific Equities, while IGPT is Technology Equities. FLTW tracks FTSE Taiwan RIC Capped Index, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.19% for FLTW and 0.60% for IGPT.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (3.62 vs 3.45), 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.