IGPT vs. AIPO

Last updated Aug 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Artificial Intelligence funds - IGPT tracks the STOXX World AC NexGen Software Development Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, IGPT returned 80.58% vs 46.89% for AIPO. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IGPT charges 0.56%/yr vs 0.69%/yr for AIPO.

Performance

IGPT vs. AIPO - Performance Comparison

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

Returns By Period

In the year-to-date period, IGPT achieves a 50.51% return, which is significantly higher than AIPO's 33.86% return.

IGPT

• 1D: 3.23%
• 1M: -6.05%
• 6M: 36.61%
• YTD: 50.51%
• 1Y: 80.58%
• 3Y*: 37.96%
• 5Y*: 12.94%
• 10Y*: 19.82%
• ALL TIME*: 15.04%

AIPO

• 1D: 3.42%
• 1M: -4.58%
• 6M: 20.17%
• YTD: 33.86%
• 1Y: 46.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.22%

*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)
AIPO Defiance AI & Power Infrastructure ETF	$42.27M	$38.04M	$47.00M
IGPT Invesco AI and Next Gen Software ETF	$24.39M	$21.86M	$21.83M

IGPT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
IGPT Invesco AI and Next Gen Software ETF	50.51%	17.90%
AIPO Defiance AI & Power Infrastructure ETF	33.86%	9.46%

Correlation

The correlation between IGPT and AIPO is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.78

The correlation between IGPT and AIPO has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

IGPT vs. AIPO - Sectors Allocation Comparison

Sectors	IGPT	AIPO
Technology	76.6%	15.7%
Communication Services	16.9%	0.5%
Real Estate	2.4%	0.9%
Healthcare	2.1%	-
Industrials	2.0%	58.0%
Consumer Cyclical	0.1%	0.7%
Financial Services	0.1%	2.9%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	6.8%
Utilities	-	15.3%

Return for Risk

IGPT vs. AIPO — Risk / Return Rank

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

IGPT

IGPT Risk / Return Rank: 84
IGPT Sharpe Ratio Rank: 89
IGPT Sortino Ratio Rank: 81
IGPT Omega Ratio Rank: 82
IGPT Calmar Ratio Rank: 85
IGPT Martin Ratio Rank: 85

AIPO

AIPO Risk / Return Rank: 50
AIPO Sharpe Ratio Rank: 50
AIPO Sortino Ratio Rank: 47
AIPO Omega Ratio Rank: 47
AIPO Calmar Ratio Rank: 53
AIPO Martin Ratio Rank: 54

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.

IGPT vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	IGPT	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.26	+0.94
Sortino ratio: Return per unit of downside risk	2.69	1.74	+0.95
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	3.27	1.93	+1.34
Martin ratio: Return relative to average drawdown	12.33	6.41	+5.91

IGPT vs. AIPO - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.20, which is higher than the AIPO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of IGPT and AIPO, 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

IGPT vs. AIPO - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than AIPO's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for IGPT and AIPO.

Drawdown Indicators

	IGPT	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-24.36%	-25.78%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-24.36%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	—	—
Current Drawdown Current decline from peak	-17.20%	-14.84%	-2.36%
Average Drawdown Average peak-to-trough decline	-11.95%	-5.31%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	7.33%	-0.77%

Volatility

IGPT vs. AIPO - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) and Defiance AI & Power Infrastructure ETF (AIPO) have volatilities of 14.42% and 14.74%, 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.

Volatility by Period

	IGPT	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.42%	14.74%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	29.87%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	36.96%	37.61%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	37.27%	-7.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	37.27%	-9.96%

IGPT vs. AIPO - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

IGPT vs. AIPO - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, which matches AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	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

Can I hold both IGPT and AIPO in my portfolio?

IGPT and AIPO 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, IGPT or AIPO?

AIPO has higher volatility (14.74%) compared to IGPT (14.42%). In terms of maximum drawdown, IGPT dropped -50.14% vs AIPO's -24.36%.

Which ETF is better, IGPT or AIPO?

On 1-year performance, IGPT leads with 80.58% vs 46.89% for AIPO. On fees, IGPT is cheaper at 0.56% per year. On volatility, IGPT has been the lower-risk option at 14.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or AIPO?

Over the 1-year period, IGPT has performed better with a 80.58% return vs 46.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or AIPO?

IGPT is cheaper with a 0.56% expense ratio, compared with 0.69% for AIPO.

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

IGPT and AIPO have nearly identical dividend yields, around 0.01%.

What is the main difference between IGPT and AIPO?

IGPT tracks STOXX World AC NexGen Software Development Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.56% for IGPT and 0.69% for AIPO.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.20 vs 1.26), 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.