IGPT vs. AIPO

Last updated Jul 15, 2026

IGPT (Invesco AI and Next Gen Software ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. 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 62.05% return, which is significantly higher than AIPO's 38.70% return.

IGPT

• 1D: 1.95%
• 1M: -0.92%
• 6M: 54.14%
• YTD: 62.05%
• 1Y: 95.77%
• 3Y*: 37.07%
• 5Y*: 14.91%
• 10Y*: 21.01%

AIPO

• 1D: 1.42%
• 1M: -2.45%
• 6M: 28.31%
• YTD: 38.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGPT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
IGPT Invesco AI and Next Gen Software ETF	62.05%	17.90%
AIPO Defiance AI & Power Infrastructure ETF	38.70%	9.46%

Correlation

The correlation between IGPT and AIPO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.76

IGPT vs. AIPO - Sectors Allocation Comparison

Sectors	IGPT	AIPO
Technology	78.9%	15.0%
Communication Services	13.2%	0.5%
Real Estate	2.9%	0.9%
Healthcare	2.5%	-
Industrials	2.5%	47.5%
Financial Services	0.1%	2.9%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	7.4%
Utilities	-	25.3%

Return for Risk

IGPT vs. AIPO — Risk / Return Rank

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

IGPT

IGPT Risk / Return Rank: 92
IGPT Sharpe Ratio Rank: 94
IGPT Sortino Ratio Rank: 88
IGPT Omega Ratio Rank: 89
IGPT Calmar Ratio Rank: 95
IGPT Martin Ratio Rank: 94

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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	2.75	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	5.77	—	—
Martin ratio: Return relative to average drawdown	19.27	—	—

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 -17.31%. 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%	-17.31%	-32.83%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	—	—
Current Drawdown Current decline from peak	-10.86%	-11.76%	+0.90%
Average Drawdown Average peak-to-trough decline	-11.94%	-4.69%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	—	—

Volatility

Volatility by Period

	IGPT	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.95%	35.96%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.13%	35.96%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	35.96%	-8.90%

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 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGPT or AIPO?

On fees, IGPT is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 is categorized as Technology Equities, while AIPO is Building & Construction. 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.