IGPT vs. FTEC

Last updated Jun 24, 2026

IGPT (Invesco AI and Next Gen Software ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both Technology Equities funds - IGPT tracks the STOXX World AC NexGen Software Development Index while FTEC tracks the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, IGPT returned 22.51%/yr vs 25.28%/yr for FTEC. Their correlation of 0.84 suggests significant overlap in exposure. IGPT charges 0.56%/yr vs 0.08%/yr for FTEC.

Performance

IGPT vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 higher than FTEC's 23.56% return. Over the past 10 years, IGPT has underperformed FTEC with an annualized return of 22.51%, while FTEC has yielded a comparatively higher 25.28% annualized 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%

FTEC

• 1D: -3.70%
• 1M: 0.35%
• YTD: 23.56%
• 6M: 21.69%
• 1Y: 47.58%
• 3Y*: 30.58%
• 5Y*: 19.77%
• 10Y*: 25.28%

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

IGPT vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGPT Invesco AI and Next Gen Software ETF	68.99%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	34.60%
FTEC Fidelity MSCI Information Technology Index ETF	23.56%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between IGPT and FTEC is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.84

The correlation between IGPT and FTEC has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

IGPT vs. FTEC - Sectors Allocation Comparison

Sectors	IGPT	FTEC
Technology	80.2%	98.3%
Communication Services	11.7%	0.0%
Real Estate	2.8%	-
Industrials	2.7%	0.6%
Healthcare	2.3%	-
Financial Services	0.1%	0.6%
Basic Materials	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	-
Energy	-	0.3%
Utilities	-	-

Return for Risk

IGPT vs. FTEC — 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

FTEC

FTEC Risk / Return Rank: 60
FTEC Sharpe Ratio Rank: 67
FTEC Sortino Ratio Rank: 57
FTEC Omega Ratio Rank: 59
FTEC Calmar Ratio Rank: 62
FTEC Martin Ratio Rank: 54

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	3.51	2.10	+1.41
Sortino ratio: Return per unit of downside risk	3.87	2.63	+1.24
Omega ratio: Gain probability vs. loss probability	1.56	1.35	+0.20
Calmar ratio: Return relative to maximum drawdown	6.98	2.94	+4.04
Martin ratio: Return relative to average drawdown	25.88	9.03	+16.85

IGPT vs. FTEC - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 3.51, which is higher than the FTEC Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of IGPT and FTEC, 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. FTEC - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for IGPT and FTEC.

Drawdown Indicators

	IGPT	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-34.95%	-15.19%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-16.26%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-27.30%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-34.95%	-9.92%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-34.95%	-15.19%
Current Drawdown Current decline from peak	-7.04%	-7.72%	+0.68%
Average Drawdown Average peak-to-trough decline	-11.94%	-5.57%	-6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	5.28%	-0.79%

Volatility

IGPT vs. FTEC - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 19.26% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 11.42%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	11.42%	+7.84%
Volatility (6M) Calculated over the trailing 6-month period	28.98%	18.65%	+10.33%
Volatility (1Y) Calculated over the trailing 1-year period	33.13%	22.79%	+10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.71%	25.60%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	24.86%	+2.00%

IGPT vs. FTEC - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

IGPT vs. FTEC - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than FTEC's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
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 FTEC in my portfolio?

IGPT and FTEC have a correlation of 0.85, 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 FTEC?

IGPT has higher volatility (19.26%) compared to FTEC (11.42%). In terms of maximum drawdown, IGPT dropped -50.14% vs FTEC's -34.95%.

Which ETF is better, IGPT or FTEC?

On 10-year performance, FTEC leads with 25.28% vs 22.51% for IGPT. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 11.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or FTEC?

Over the 10-year period, FTEC has performed better with a 25.28% return vs 22.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.56% for IGPT.

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

FTEC has the higher dividend yield at 0.36%, compared with 0.01% for IGPT.

What is the main difference between IGPT and FTEC?

IGPT tracks STOXX World AC NexGen Software Development Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.56% for IGPT and 0.08% for FTEC.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (3.51 vs 2.10), 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.