IGPT vs. AIQ

Last updated Aug 2, 2026

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

Performance

IGPT vs. AIQ - Performance Comparison

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

Returns By Period

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

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%

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%

*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

IGPT vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Correlation

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

IGPT vs. AIQ - Sectors Allocation Comparison

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

Return for Risk

IGPT vs. AIQ — Risk / Return Rank

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

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

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

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. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Global X Artificial Intelligence & Technology ETF (AIQ). 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	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.13	+0.81
Sortino ratio: Return per unit of downside risk	2.46	1.60	+0.86
Omega ratio: Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio: Return relative to maximum drawdown	2.89	1.60	+1.29
Martin ratio: Return relative to average drawdown	11.04	4.82	+6.22

IGPT vs. AIQ - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 1.94, which is higher than the AIQ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of IGPT and AIQ, 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. AIQ - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

IGPT vs. AIQ - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.66% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 10.41%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

IGPT vs. AIQ - Expense Ratio Comparison

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

Dividends

IGPT vs. AIQ - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than AIQ's 0.08% 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 IGPT and AIQ in my portfolio?

With a correlation of 0.94, IGPT and AIQ 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, IGPT or AIQ?

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

Which ETF is better, IGPT or AIQ?

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, IGPT or AIQ?

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, IGPT or AIQ?

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

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

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

What is the main difference between IGPT and AIQ?

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

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.