IGPT vs. IAK

Last updated Aug 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, IGPT returned 19.82%/yr vs 13.18%/yr for IAK. Their 0.47 correlation means their historical movements had little consistent relationship. IGPT charges 0.56%/yr vs 0.38%/yr for IAK.

Performance

IGPT vs. IAK - 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 U.S. Insurance ETF (IAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGPT achieves a 50.51% return, which is significantly higher than IAK's 10.11% return. Over the past 10 years, IGPT has outperformed IAK with an annualized return of 19.82%, while IAK has yielded a comparatively lower 13.18% 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%

IAK

• 1D: 0.03%
• 1M: -0.03%
• 6M: 12.56%
• YTD: 10.11%
• 1Y: 19.67%
• 3Y*: 19.67%
• 5Y*: 15.99%
• 10Y*: 13.18%
• ALL TIME*: 7.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IAK iShares U.S. Insurance ETF	$15.27M	$20.59M	$12.29M
IGPT Invesco AI and Next Gen Software ETF	$24.39M	$21.86M	$21.83M

IGPT vs. IAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IAK iShares U.S. Insurance ETF	10.11%	9.50%	28.25%	11.28%	11.33%	26.84%	-2.86%	25.94%	-11.48%	14.18%

Correlation

The correlation between IGPT and IAK is -0.31, 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.	-0.31
Correlation (3Y) Balances recent behavior with more history.	-0.03
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (10Y) Provides a long-term view across more market conditions.	0.25
Correlation (All Time) Calculated using the full available price history since May 5, 2006	0.47

The correlation between IGPT and IAK shifts across timeframes, from -0.31 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

IGPT vs. IAK - Sectors Allocation Comparison

Sectors	IGPT	IAK
Technology	76.6%	-
Communication Services	16.9%	-
Real Estate	2.4%	-
Healthcare	2.1%	0.7%
Industrials	2.0%	-
Consumer Cyclical	0.1%	-
Financial Services	0.1%	99.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

IGPT vs. IAK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IGPT

IGPT Risk / Return Rank: 84
IGPT Sharpe Ratio Rank: 89
IGPT Sortino Ratio Rank: 81
IGPT Omega Ratio Rank: 82
IGPT Calmar Ratio Rank: 85
IGPT Martin Ratio Rank: 85

IAK

IAK Risk / Return Rank: 54
IAK Sharpe Ratio Rank: 49
IAK Sortino Ratio Rank: 49
IAK Omega Ratio Rank: 47
IAK Calmar Ratio Rank: 72
IAK Martin Ratio Rank: 52

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. IAK - 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 U.S. Insurance ETF (IAK). 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	IAK	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.24	+0.96
Sortino ratio: Return per unit of downside risk	2.69	1.81	+0.88
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	3.27	2.59	+0.68
Martin ratio: Return relative to average drawdown	12.33	6.29	+6.03

IGPT vs. IAK - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.20, which is higher than the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of IGPT and IAK, 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. IAK - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for IGPT and IAK.

Drawdown Indicators

	IGPT	IAK	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-77.38%	+27.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-7.62%	-17.12%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-11.58%	-17.72%
Max Drawdown (5Y) Largest decline over 5 years	-42.04%	-14.76%	-27.28%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-44.95%	-5.19%
Current Drawdown Current decline from peak	-17.20%	-3.20%	-14.00%
Average Drawdown Average peak-to-trough decline	-11.95%	-16.01%	+4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	3.13%	+3.43%

Volatility

IGPT vs. IAK - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.42% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	IAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.42%	6.56%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	12.42%	+20.44%
Volatility (1Y) Calculated over the trailing 1-year period	36.96%	15.99%	+20.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	18.13%	+11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	20.92%	+6.39%

IGPT vs. IAK - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

IGPT vs. IAK - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than IAK's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAK iShares U.S. Insurance ETF	2.42%	1.69%	1.49%	1.44%	1.69%	2.26%	2.07%	1.84%	2.33%	1.62%	1.68%	1.62%
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 IAK in my portfolio?

IGPT and IAK have a correlation of -0.31, 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 IAK?

IGPT has higher volatility (14.42%) compared to IAK (6.56%). In terms of maximum drawdown, IGPT dropped -50.14% vs IAK's -77.38%.

Which ETF is better, IGPT or IAK?

On 10-year performance, IGPT leads with 19.82% vs 13.18% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or IAK?

Over the 10-year period, IGPT has performed better with a 19.82% return vs 13.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or IAK?

IAK is cheaper with a 0.38% expense ratio, compared with 0.56% for IGPT.

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

IAK has the higher dividend yield at 2.42%, compared with 0.01% for IGPT.

What is the main difference between IGPT and IAK?

IGPT is categorized as Artificial Intelligence, while IAK is Financials Equities. IGPT tracks STOXX World AC NexGen Software Development Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.56% for IGPT and 0.38% for IAK.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.20 vs 1.24), 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.