IGPT vs. CHAT
Compare and contrast key facts about Invesco AI and Next Gen Software ETF (IGPT) and Roundhill Generative AI & Technology ETF (CHAT).
IGPT and CHAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGPT is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Software Development Index. It was launched on Jun 23, 2005. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGPT or CHAT.
Performance
IGPT vs. CHAT - Performance Comparison
Returns By Period
In the year-to-date period, IGPT achieves a 22.66% return, which is significantly lower than CHAT's 29.94% return.
IGPT
22.66%
4.80%
3.27%
31.08%
12.53%
16.48%
CHAT
29.94%
4.64%
11.87%
34.74%
N/A
N/A
Key characteristics
| IGPT | CHAT | |
|---|---|---|
| Sharpe Ratio | 1.33 | 1.43 |
| Sortino Ratio | 1.86 | 1.99 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 1.11 | 1.83 |
| Martin Ratio | 4.50 | 5.53 |
| Ulcer Index | 6.91% | 6.28% |
| Daily Std Dev | 23.34% | 24.31% |
| Max Drawdown | -48.44% | -18.98% |
| Current Drawdown | -4.82% | -2.76% |
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IGPT vs. CHAT - Expense Ratio Comparison
IGPT has a 0.60% expense ratio, which is lower than CHAT's 0.75% expense ratio.
Correlation
The correlation between IGPT and CHAT is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGPT vs. CHAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Roundhill Generative AI & Technology ETF (CHAT). 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.
Dividends
IGPT vs. CHAT - Dividend Comparison
Neither IGPT nor CHAT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGPT Invesco AI and Next Gen Software ETF | 0.00% | 0.00% | 4.23% | 18.63% | 0.11% | 0.15% | 0.00% | 0.00% | 0.10% | 0.44% | 0.29% |
CHAT Roundhill Generative AI & Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGPT vs. CHAT - Drawdown Comparison
The maximum IGPT drawdown since its inception was -48.44%, which is greater than CHAT's maximum drawdown of -18.98%. Use the drawdown chart below to compare losses from any high point for IGPT and CHAT. For additional features, visit the drawdowns tool.
Volatility
IGPT vs. CHAT - Volatility Comparison
Invesco AI and Next Gen Software ETF (IGPT) and Roundhill Generative AI & Technology ETF (CHAT) have volatilities of 6.69% and 6.82%, 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.