IGPT vs. AMANX

Last updated Jun 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) and AMANX (Amana Mutual Funds Trust Income Fund) are both funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while AMANX is a Large Cap Blend Equities fund managed by Amana. Over the past 10 years, IGPT returned 22.30%/yr vs 12.21%/yr for AMANX. A 0.69 correlation means they provide meaningful diversification when combined. IGPT charges 0.60%/yr vs 1.01%/yr for AMANX.

Performance

IGPT vs. AMANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) and Amana Mutual Funds Trust Income Fund (AMANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGPT achieves a 72.49% return, which is significantly higher than AMANX's 11.71% return. Over the past 10 years, IGPT has outperformed AMANX with an annualized return of 22.30%, while AMANX has yielded a comparatively lower 12.21% annualized return.

IGPT

• 1D: 0.39%
• 1M: 28.39%
• YTD: 72.49%
• 6M: 75.56%
• 1Y: 123.95%
• 3Y*: 43.05%
• 5Y*: 15.89%
• 10Y*: 22.30%

AMANX

• 1D: 1.10%
• 1M: 6.58%
• YTD: 11.71%
• 6M: 11.17%
• 1Y: 23.76%
• 3Y*: 16.26%
• 5Y*: 11.22%
• 10Y*: 12.21%

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

IGPT vs. AMANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGPT Invesco AI and Next Gen Software ETF	72.49%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	34.60%
AMANX Amana Mutual Funds Trust Income Fund	11.71%	16.41%	12.85%	13.60%	-8.86%	22.53%	13.98%	25.31%	-5.17%	21.67%

Correlation

The correlation between IGPT and AMANX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 24, 2005	0.69

The correlation between IGPT and AMANX has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Return for Risk

IGPT vs. AMANX — Risk / Return Rank

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

IGPT

IGPT Risk / Return Rank: 94
IGPT Sharpe Ratio Rank: 96
IGPT Sortino Ratio Rank: 94
IGPT Omega Ratio Rank: 93
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 95

AMANX

AMANX Risk / Return Rank: 43
AMANX Sharpe Ratio Rank: 46
AMANX Sortino Ratio Rank: 47
AMANX Omega Ratio Rank: 45
AMANX Calmar Ratio Rank: 35
AMANX Martin Ratio Rank: 41

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. AMANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Amana Mutual Funds Trust Income Fund (AMANX). 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.

	IGPT	AMANX	Difference
Sharpe ratio: Return per unit of total volatility	4.39	2.00	+2.39
Sortino ratio: Return per unit of downside risk	4.95	2.88	+2.07
Omega ratio: Gain probability vs. loss probability	1.67	1.36	+0.31
Calmar ratio: Return relative to maximum drawdown	7.47	2.24	+5.23
Martin ratio: Return relative to average drawdown	29.16	8.83	+20.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGPT vs. AMANX - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 4.39, which is higher than the AMANX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of IGPT and AMANX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGPT	AMANX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.39	2.00	+2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.81	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.77	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.63	+0.01

Drawdowns

IGPT vs. AMANX - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than AMANX's maximum drawdown of -37.82%. Use the drawdown chart below to compare losses from any high point for IGPT and AMANX.

Drawdown Indicators

	IGPT	AMANX	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-37.82%	-12.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-11.03%	-5.65%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-15.42%	-13.88%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-19.19%	-25.68%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-31.48%	-18.66%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.96%	-6.00%	-5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.80%	+1.47%

Volatility

IGPT vs. AMANX - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 12.51% compared to Amana Mutual Funds Trust Income Fund (AMANX) at 3.39%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than AMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	AMANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.51%	3.39%	+9.12%
Volatility (6M) Calculated over the trailing 6-month period	23.50%	9.94%	+13.56%
Volatility (1Y) Calculated over the trailing 1-year period	28.42%	12.39%	+16.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	13.92%	+13.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.33%	15.94%	+10.39%

IGPT vs. AMANX - Expense Ratio Comparison

IGPT has a 0.60% expense ratio, which is lower than AMANX's 1.01% expense ratio.

Dividends

IGPT vs. AMANX - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.03%, less than AMANX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMANX Amana Mutual Funds Trust Income Fund	4.84%	5.39%	5.69%	5.24%	8.14%	4.66%	6.53%	7.81%	6.55%	5.75%	4.15%	6.88%
IGPT Invesco AI and Next Gen Software ETF	0.03%	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 AMANX in my portfolio?

IGPT and AMANX have a correlation of 0.64, 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 AMANX?

IGPT has higher volatility (12.51%) compared to AMANX (3.39%). In terms of maximum drawdown, IGPT dropped -50.14% vs AMANX's -37.82%.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (4.39 vs 2.00), 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.