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GNXIX vs. IGPT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GNXIX and IGPT is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

GNXIX vs. IGPT

Last updated May 30, 2025

Compare and contrast key facts about AlphaCentric Robotics and Automation Fund (GNXIX) and Invesco AI and Next Gen Software ETF (IGPT).

GNXIX is managed by AlphaCentric Funds. It was launched on May 30, 2017. 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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNXIX or IGPT.

Performance

GNXIX vs. IGPT - Performance Comparison

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

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Key characteristics

Sharpe Ratio

GNXIX:

0.62

IGPT:

-0.04

Sortino Ratio

GNXIX:

1.04

IGPT:

0.15

Omega Ratio

GNXIX:

1.12

IGPT:

1.02

Calmar Ratio

GNXIX:

0.42

IGPT:

-0.05

Martin Ratio

GNXIX:

1.56

IGPT:

-0.13

Ulcer Index

GNXIX:

10.94%

IGPT:

10.97%

Daily Std Dev

GNXIX:

30.48%

IGPT:

30.95%

Max Drawdown

GNXIX:

-46.17%

IGPT:

-48.44%

Current Drawdown

GNXIX:

-18.20%

IGPT:

-9.12%

Returns By Period

In the year-to-date period, GNXIX achieves a -3.23% return, which is significantly lower than IGPT's -0.02% return.

GNXIX

YTD

-3.23%

1M

8.28%

6M

6.75%

1Y

18.73%

3Y*

6.98%

5Y*

4.50%

10Y*

N/A

IGPT

YTD

-0.02%

1M

10.81%

6M

-3.38%

1Y

-1.20%

3Y*

12.55%

5Y*

9.19%

10Y*

15.03%

*Annualized

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AlphaCentric Robotics and Automation Fund

Invesco AI and Next Gen Software ETF

GNXIX vs. IGPT - Expense Ratio Comparison

GNXIX has a 1.40% expense ratio, which is higher than IGPT's 0.60% expense ratio.

GNXIX
AlphaCentric Robotics and Automation Fund
IGPT
Invesco AI and Next Gen Software ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

GNXIX vs. IGPT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GNXIX
The Risk-Adjusted Performance Rank of GNXIX is 4343
Overall Rank
The Sharpe Ratio Rank of GNXIX is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of GNXIX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of GNXIX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of GNXIX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of GNXIX is 3737
Martin Ratio Rank
IGPT
The Risk-Adjusted Performance Rank of IGPT is 1414
Overall Rank
The Sharpe Ratio Rank of IGPT is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of IGPT is 1515
Sortino Ratio Rank
The Omega Ratio Rank of IGPT is 1515
Omega Ratio Rank
The Calmar Ratio Rank of IGPT is 1313
Calmar Ratio Rank
The Martin Ratio Rank of IGPT is 1313
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GNXIX vs. IGPT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Robotics and Automation Fund (GNXIX) 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.

The current GNXIX Sharpe Ratio is 0.62, which is higher than the IGPT Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of GNXIX and IGPT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

GNXIX vs. IGPT - Dividend Comparison

Neither GNXIX nor IGPT has paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
GNXIX
AlphaCentric Robotics and Automation Fund		0.00%0.00%0.00%5.18%4.23%0.00%0.00%3.39%1.85%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

GNXIX vs. IGPT - Drawdown Comparison

The maximum GNXIX drawdown since its inception was -46.17%, roughly equal to the maximum IGPT drawdown of -48.44%. Use the drawdown chart below to compare losses from any high point for GNXIX and IGPT.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

GNXIX vs. IGPT - Volatility Comparison

AlphaCentric Robotics and Automation Fund (GNXIX) has a higher volatility of 8.00% compared to Invesco AI and Next Gen Software ETF (IGPT) at 6.37%. This indicates that GNXIX'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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