IGPT vs. FLTW

Last updated Jun 13, 2026

IGPT (Invesco AI and Next Gen Software ETF) and FLTW (Franklin FTSE Taiwan ETF) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while FLTW is a Asia Pacific Equities fund tracking the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, IGPT returned 14.12%/yr vs 20.89%/yr for FLTW. A 0.56 correlation means they provide meaningful diversification when combined. IGPT charges 0.60%/yr vs 0.19%/yr for FLTW.

Performance

IGPT vs. FLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) and Franklin FTSE Taiwan ETF (FLTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IGPT having a 63.54% return and FLTW slightly higher at 65.68%.

IGPT

• 1D: 0.39%
• 1M: 6.20%
• YTD: 63.54%
• 6M: 68.47%
• 1Y: 107.67%
• 3Y*: 39.41%
• 5Y*: 14.12%
• 10Y*: 21.76%

FLTW

• 1D: 0.59%
• 1M: 9.23%
• YTD: 65.68%
• 6M: 71.97%
• 1Y: 100.51%
• 3Y*: 39.63%
• 5Y*: 20.89%
• 10Y*: —

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

IGPT vs. FLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGPT Invesco AI and Next Gen Software ETF	63.54%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	-2.82%
FLTW Franklin FTSE Taiwan ETF	65.68%	32.00%	16.68%	30.05%	-27.51%	29.46%	29.77%	31.23%	-9.32%	-1.28%

Correlation

The correlation between IGPT and FLTW is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.56

Over the past year, IGPT and FLTW have become more correlated (0.78) than their long-term average of 0.56, meaning their price movements have been converging.

IGPT vs. FLTW - Sectors Allocation Comparison

Sectors	IGPT	FLTW
Technology	73.9%	75.6%
Communication Services	15.6%	1.6%
Real Estate	3.9%	-
Healthcare	3.6%	0.6%
Industrials	3.1%	4.0%
Financial Services	1.3%	12.6%
Basic Materials	-	2.9%
Consumer Cyclical	-	1.7%
Consumer Defensive	-	0.9%
Energy	-	0.1%
Utilities	-	-

Return for Risk

IGPT vs. FLTW — 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: 95
IGPT Sortino Ratio Rank: 92
IGPT Omega Ratio Rank: 92
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 94

FLTW

FLTW Risk / Return Rank: 95
FLTW Sharpe Ratio Rank: 96
FLTW Sortino Ratio Rank: 92
FLTW Omega Ratio Rank: 93
FLTW Calmar Ratio Rank: 97
FLTW Martin Ratio Rank: 95

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. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Franklin FTSE Taiwan ETF (FLTW). 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	FLTW	Difference
Sharpe ratio: Return per unit of total volatility	3.45	3.62	-0.17
Sortino ratio: Return per unit of downside risk	3.90	4.02	-0.12
Omega ratio: Gain probability vs. loss probability	1.55	1.58	-0.03
Calmar ratio: Return relative to maximum drawdown	6.49	9.29	-2.80
Martin ratio: Return relative to average drawdown	24.22	27.95	-3.73

IGPT vs. FLTW - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 3.45, which is comparable to the FLTW Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of IGPT and FLTW, 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. FLTW - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for IGPT and FLTW.

Drawdown Indicators

	IGPT	FLTW	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-38.00%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-10.87%	-5.81%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-26.45%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-38.00%	-6.87%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	—	—
Current Drawdown Current decline from peak	-5.19%	-4.47%	-0.72%
Average Drawdown Average peak-to-trough decline	-11.96%	-8.42%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	3.61%	+0.85%

Volatility

IGPT vs. FLTW - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 16.48% compared to Franklin FTSE Taiwan ETF (FLTW) at 15.27%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	FLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.48%	15.27%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	27.20%	23.85%	+3.35%
Volatility (1Y) Calculated over the trailing 1-year period	31.38%	27.98%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.26%	22.90%	+5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	22.03%	+4.62%

IGPT vs. FLTW - Expense Ratio Comparison

IGPT has a 0.60% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

IGPT vs. FLTW - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.03%, less than FLTW's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTW Franklin FTSE Taiwan ETF	1.51%	2.51%	1.89%	2.85%	3.16%	2.31%	2.14%	3.00%	1.06%	0.00%	0.00%	0.00%
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 FLTW in my portfolio?

IGPT and FLTW have a correlation of 0.78, 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 FLTW?

IGPT has higher volatility (16.48%) compared to FLTW (15.27%). In terms of maximum drawdown, IGPT dropped -50.14% vs FLTW's -38.00%.

Which ETF is better, IGPT or FLTW?

On 5-year performance, FLTW leads with 20.89% vs 14.12% for IGPT. On fees, FLTW is cheaper at 0.19% per year. On volatility, FLTW has been the lower-risk option at 15.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or FLTW?

Over the 5-year period, FLTW has performed better with a 20.89% return vs 14.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or FLTW?

FLTW is cheaper with a 0.19% expense ratio, compared with 0.60% for IGPT.

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

FLTW has the higher dividend yield at 1.51%, compared with 0.03% for IGPT.

What is the main difference between IGPT and FLTW?

IGPT is categorized as Technology Equities, while FLTW is Asia Pacific Equities. IGPT tracks STOXX World AC NexGen Software Development Index, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.60% for IGPT and 0.19% for FLTW.

Which has better risk-adjusted returns?

FLTW currently has the higher Sharpe Ratio (3.62 vs 3.45), 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.