IGPT vs. CHPS

Last updated Jun 24, 2026

IGPT (Invesco AI and Next Gen Software ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past year, IGPT returned 115.70% vs 199.74% for CHPS. Their correlation of 0.88 suggests significant overlap in exposure. IGPT charges 0.56%/yr vs 0.15%/yr for CHPS.

Performance

IGPT vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) and Xtrackers Semiconductor Select Equity ETF (CHPS). 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 lower than CHPS's 107.68% 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%

CHPS

• 1D: -8.79%
• 1M: 14.08%
• YTD: 107.68%
• 6M: 109.36%
• 1Y: 199.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGPT vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IGPT Invesco AI and Next Gen Software ETF	68.99%	31.55%	17.15%	4.37%
CHPS Xtrackers Semiconductor Select Equity ETF	107.68%	58.47%	7.75%	10.88%

Correlation

The correlation between IGPT and CHPS is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.88

The correlation between IGPT and CHPS has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

IGPT vs. CHPS - Sectors Allocation Comparison

Sectors	IGPT	CHPS
Technology	80.2%	99.6%
Communication Services	11.7%	0.0%
Real Estate	2.8%	-
Industrials	2.7%	0.4%
Healthcare	2.3%	-
Financial Services	0.1%	0.2%
Basic Materials	-	-
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Energy	-	0.6%
Utilities	-	-

Return for Risk

IGPT vs. CHPS — 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

CHPS

CHPS Risk / Return Rank: 96
CHPS Sharpe Ratio Rank: 98
CHPS Sortino Ratio Rank: 94
CHPS Omega Ratio Rank: 94
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

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. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Xtrackers Semiconductor Select Equity ETF (CHPS). 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	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	3.51	5.05	-1.54
Sortino ratio: Return per unit of downside risk	3.87	4.70	-0.82
Omega ratio: Gain probability vs. loss probability	1.56	1.66	-0.10
Calmar ratio: Return relative to maximum drawdown	6.98	11.49	-4.52
Martin ratio: Return relative to average drawdown	25.88	42.41	-16.53

IGPT vs. CHPS - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 3.51, which is lower than the CHPS Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of IGPT and CHPS, 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. CHPS - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than CHPS's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for IGPT and CHPS.

Drawdown Indicators

	IGPT	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-39.44%	-10.70%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-17.50%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	—	—
Current Drawdown Current decline from peak	-7.04%	-8.79%	+1.75%
Average Drawdown Average peak-to-trough decline	-11.94%	-9.08%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	4.73%	-0.24%

Volatility

IGPT vs. CHPS - Volatility Comparison

The current volatility for Invesco AI and Next Gen Software ETF (IGPT) is 19.26%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 22.65%. This indicates that IGPT experiences smaller price fluctuations and is considered to be less risky than CHPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	22.65%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	28.98%	34.27%	-5.29%
Volatility (1Y) Calculated over the trailing 1-year period	33.13%	39.81%	-6.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.71%	35.53%	-6.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	35.53%	-8.67%

IGPT vs. CHPS - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

IGPT vs. CHPS - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than CHPS's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHPS Xtrackers Semiconductor Select Equity ETF	0.31%	0.68%	1.75%	0.36%	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 CHPS in my portfolio?

IGPT and CHPS have a correlation of 0.90, 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 CHPS?

CHPS has higher volatility (22.65%) compared to IGPT (19.26%). In terms of maximum drawdown, IGPT dropped -50.14% vs CHPS's -39.44%.

Which ETF is better, IGPT or CHPS?

On 1-year performance, CHPS leads with 199.74% vs 115.70% for IGPT. On fees, CHPS is cheaper at 0.15% per year. On volatility, IGPT has been the lower-risk option at 19.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or CHPS?

Over the 1-year period, CHPS has performed better with a 199.74% return vs 115.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.56% for IGPT.

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

CHPS has the higher dividend yield at 0.31%, compared with 0.01% for IGPT.

What is the main difference between IGPT and CHPS?

IGPT is categorized as Technology Equities, while CHPS is Semiconductors. IGPT tracks STOXX World AC NexGen Software Development Index, while CHPS tracks Solactive Semiconductor ESG Screened Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.56% for IGPT and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (5.05 vs 3.51), 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.