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IGPT vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGPT vs. HDV

Last updated Aug 4, 2026
Documentation

IGPT (Invesco AI and Next Gen Software ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, IGPT returned 19.82%/yr vs 9.57%/yr for HDV. Their 0.39 correlation means their historical movements had little consistent relationship. IGPT charges 0.56%/yr vs 0.08%/yr for HDV.

Performance

IGPT vs. HDV - Performance Comparison

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

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Returns By Period

In the year-to-date period, IGPT achieves a 50.51% return, which is significantly higher than HDV's 19.66% return. Over the past 10 years, IGPT has outperformed HDV with an annualized return of 19.82%, while HDV has yielded a comparatively lower 9.57% annualized return.

IGPT

1D
3.23%
1M
-6.05%
6M
36.61%
YTD
50.51%
1Y
80.58%
3Y*
37.96%
5Y*
12.94%
10Y*
19.82%
ALL TIME*
15.04%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

IGPT

Invesco AI and Next Gen Software ETF
$24.39M$21.86M$21.83M

IGPT vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGPT
Invesco AI and Next Gen Software ETF		50.51%31.55%17.15%27.29%-27.73%-11.79%54.31%35.06%16.38%34.60%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between IGPT and HDV is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.24

Correlation (3Y)
Balances recent behavior with more history.

0.00

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.21

Correlation (10Y)
Provides a long-term view across more market conditions.

0.28

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.39

The correlation between IGPT and HDV shifts across timeframes, from -0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

IGPT vs. HDV - Sectors Allocation Comparison

Sectors
IGPT
HDV

Technology

76.6%
0.9%

Communication Services

16.9%
5.2%

Real Estate

2.4%

-

Healthcare

2.1%
23.9%

Industrials

2.0%
2.8%

Consumer Cyclical

0.1%
9.3%

Financial Services

0.1%
4.7%

Basic Materials

-

0.8%

Consumer Defensive

-

24.3%

Energy

-

19.8%

Utilities

-

8.2%

Technology

IGPT
76.6%
HDV
0.9%

Communication Services

IGPT
16.9%
HDV
5.2%

Real Estate

IGPT
2.4%
HDV

-

Healthcare

IGPT
2.1%
HDV
23.9%

Industrials

IGPT
2.0%
HDV
2.8%

Consumer Cyclical

IGPT
0.1%
HDV
9.3%

Financial Services

IGPT
0.1%
HDV
4.7%

Basic Materials

IGPT

-

HDV
0.8%

Consumer Defensive

IGPT

-

HDV
24.3%

Energy

IGPT

-

HDV
19.8%

Utilities

IGPT

-

HDV
8.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco AI and Next Gen Software ETF

iShares Core High Dividend ETF

Often compared with IGPT:
IGPT vs. AIQIGPT vs. CHATIGPT vs. BOTZIGPT vs. QQQIGPT vs. VGTIGPT vs. IRBOIGPT vs. XAIX
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

IGPT vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGPT
IGPT Risk / Return Rank: 8484
Overall Rank
IGPT Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IGPT Sortino Ratio Rank: 8181
Sortino Ratio Rank
IGPT Omega Ratio Rank: 8282
Omega Ratio Rank
IGPT Calmar Ratio Rank: 8585
Calmar Ratio Rank
IGPT Martin Ratio Rank: 8585
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGPT vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and iShares Core High Dividend ETF (HDV). 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.

IGPTHDVDifference
Sharpe ratioReturn per unit of total volatility
2.20
2.34

-0.15

Sortino ratioReturn per unit of downside risk
2.69
3.53

-0.84

Omega ratioGain probability vs. loss probability

1.36

1.41

-0.05

Calmar ratioReturn relative to maximum drawdown

3.27

4.90

-1.62

Martin ratioReturn relative to average drawdown

12.33

13.39

-1.06

IGPT vs. HDV - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.20, which is comparable to the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of IGPT and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IGPT vs. HDV - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IGPT and HDV.

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Drawdown Indicators

IGPTHDVDifference

Max Drawdown

Largest peak-to-trough decline

-50.14%

-37.04%

-13.10%

Max Drawdown (1Y)

Largest decline over 1 year

-24.74%

-5.18%

-19.56%

Max Drawdown (3Y)

Largest decline over 3 years

-29.30%

-10.49%

-18.81%

Max Drawdown (5Y)

Largest decline over 5 years

-42.04%

-15.42%

-26.62%

Max Drawdown (10Y)

Largest decline over 10 years

-50.14%

-37.04%

-13.10%

Current Drawdown

Current decline from peak

-17.20%

-1.72%

-15.48%

Average Drawdown

Average peak-to-trough decline

-11.95%

-3.06%

-8.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.56%

1.89%

+4.67%

Volatility

IGPT vs. HDV - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.42% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGPTHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.42%

4.52%

+9.90%

Volatility (6M)

Calculated over the trailing 6-month period

32.86%

8.66%

+24.20%

Volatility (1Y)

Calculated over the trailing 1-year period

36.96%

10.83%

+26.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.58%

12.95%

+16.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.31%

15.79%

+11.52%

IGPT vs. HDV - Expense Ratio Comparison

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

Dividends

IGPT vs. HDV - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than HDV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
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

IGPT and HDV have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGPT has higher volatility (14.42%) compared to HDV (4.52%). In terms of maximum drawdown, IGPT dropped -50.14% vs HDV's -37.04%.

On 10-year performance, IGPT leads with 19.82% vs 9.57% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGPT has performed better with a 19.82% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

HDV has the higher dividend yield at 3.08%, compared with 0.01% for IGPT.

IGPT is categorized as Artificial Intelligence, while HDV is Dividend. IGPT tracks STOXX World AC NexGen Software Development Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.56% for IGPT and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 2.20), 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.

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