IGPT vs. AIQ

Last updated Jun 24, 2026

IGPT (Invesco AI and Next Gen Software ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both Technology Equities 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 14.53%/yr vs 16.16%/yr for AIQ. Their correlation of 0.87 suggests significant overlap in exposure. 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 68.99% return, which is significantly higher than AIQ's 24.56% return.

IGPT

• 1D: -7.04%
• 1M: 9.45%
• YTD: 68.99%
• 6M: 69.36%
• 1Y: 115.70%
• 3Y*: 42.39%
• 5Y*: 14.53%
• 10Y*: 22.51%

AIQ

• 1D: -5.57%
• 1M: 0.86%
• YTD: 24.56%
• 6M: 23.60%
• 1Y: 51.28%
• 3Y*: 32.41%
• 5Y*: 16.16%
• 10Y*: —

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

IGPT vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IGPT Invesco AI and Next Gen Software ETF	68.99%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	0.11%
AIQ Global X Artificial Intelligence & Technology ETF	24.56%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.05%

Correlation

The correlation between IGPT and AIQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year 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 0.92 - a consistent structural relationship.

IGPT vs. AIQ - Sectors Allocation Comparison

Sectors	IGPT	AIQ
Technology	80.2%	77.4%
Communication Services	11.7%	11.0%
Real Estate	2.8%	-
Industrials	2.7%	3.4%
Healthcare	2.3%	0.4%
Financial Services	0.1%	0.5%
Basic Materials	-	-
Consumer Cyclical	-	7.2%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

IGPT vs. AIQ — 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: 95
IGPT Sortino Ratio Rank: 89
IGPT Omega Ratio Rank: 90
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 94

AIQ

AIQ Risk / Return Rank: 58
AIQ Sharpe Ratio Rank: 60
AIQ Sortino Ratio Rank: 52
AIQ Omega Ratio Rank: 56
AIQ Calmar Ratio Rank: 65
AIQ Martin Ratio Rank: 59

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. 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	3.51	1.94	+1.57
Sortino ratio: Return per unit of downside risk	3.87	2.44	+1.43
Omega ratio: Gain probability vs. loss probability	1.56	1.34	+0.22
Calmar ratio: Return relative to maximum drawdown	6.98	3.13	+3.85
Martin ratio: Return relative to average drawdown	25.88	10.06	+15.82

IGPT vs. AIQ - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 3.51, which is higher than the AIQ Sharpe Ratio of 1.94. 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	-16.68%	-16.47%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-26.35%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-44.66%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	—	—
Current Drawdown Current decline from peak	-7.04%	-9.68%	+2.64%
Average Drawdown Average peak-to-trough decline	-11.94%	-9.78%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	5.11%	-0.62%

Volatility

IGPT vs. AIQ - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 19.26% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 15.10%. 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	19.26%	15.10%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	28.98%	22.68%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	33.13%	26.54%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.71%	26.01%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	25.84%	+1.02%

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 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	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 0.92, 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 (19.26%) compared to AIQ (15.10%). 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 16.16% vs 14.53% for IGPT. On fees, IGPT is cheaper at 0.56% per year. On volatility, AIQ has been the lower-risk option at 15.10%. 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 16.16% return vs 14.53%. 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 0.15%, 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 (3.51 vs 1.94), 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.