IGPT vs. CHPX
IGPT (Invesco AI and Next Gen Software ETF) and CHPX (Global X AI Semiconductor & Quantum ETF) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. IGPT charges 0.56%/yr vs 0.50%/yr for CHPX.
Performance
IGPT vs. CHPX - Performance Comparison
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Returns By Period
In the year-to-date period, IGPT achieves a 68.99% return, which is significantly lower than CHPX's 88.06% 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%
CHPX
- 1D
- -7.33%
- 1M
- 8.43%
- YTD
- 88.06%
- 6M
- 88.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGPT vs. CHPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGPT Invesco AI and Next Gen Software ETF | 68.99% | 10.07% |
CHPX Global X AI Semiconductor & Quantum ETF | 88.06% | 6.91% |
Correlation
The correlation between IGPT and CHPX 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 (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.92 |
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Return for Risk
IGPT vs. CHPX — Risk / Return Rank
IGPT
CHPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGPT vs. CHPX - 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 AI Semiconductor & Quantum ETF (CHPX). 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 | CHPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | — | — |
| Martin ratioReturn relative to average drawdown | 25.88 | — | — |
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Drawdowns
IGPT vs. CHPX - Drawdown Comparison
The maximum IGPT drawdown since its inception was -50.14%, which is greater than CHPX's maximum drawdown of -15.15%. Use the drawdown chart below to compare losses from any high point for IGPT and CHPX.
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Drawdown Indicators
| IGPT | CHPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.14% | -15.15% | -34.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | — | — |
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 DrawdownCurrent decline from peak | -7.04% | -7.33% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -11.94% | -3.96% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | — | — |
Volatility
IGPT vs. CHPX - Volatility Comparison
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Volatility by Period
| IGPT | CHPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 28.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.13% | 42.69% | -9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.71% | 42.69% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.86% | 42.69% | -15.83% |
IGPT vs. CHPX - Expense Ratio Comparison
IGPT has a 0.56% expense ratio, which is higher than CHPX's 0.50% expense ratio.
Dividends
IGPT vs. CHPX - Dividend Comparison
IGPT's dividend yield for the trailing twelve months is around 0.01%, less than CHPX's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHPX Global X AI Semiconductor & Quantum ETF | 0.03% | 0.06% | 0.00% | 0.00% | 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
With a correlation of 0.92, IGPT and CHPX 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.
On fees, CHPX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHPX is cheaper with a 0.50% expense ratio, compared with 0.56% for IGPT.
CHPX has the higher dividend yield at 0.03%, compared with 0.01% for IGPT.
IGPT is categorized as Technology Equities, while CHPX is Semiconductors. IGPT tracks STOXX World AC NexGen Software Development Index, while CHPX tracks Global X AI Semiconductor & Quantum Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.56% for IGPT and 0.50% for CHPX.
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