IGPT vs. QQQ

Last updated Jul 14, 2026

IGPT (Invesco AI and Next Gen Software ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IGPT is a Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IGPT returned 20.78%/yr vs 21.19%/yr for QQQ. Their correlation of 0.83 suggests significant overlap in exposure. IGPT charges 0.56%/yr vs 0.18%/yr for QQQ.

Performance

IGPT vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, IGPT achieves a 58.95% return, which is significantly higher than QQQ's 16.13% return. Both investments have delivered pretty close results over the past 10 years, with IGPT having a 20.78% annualized return and QQQ not far ahead at 21.19%.

IGPT

• 1D: -4.48%
• 1M: -2.81%
• 6M: 50.96%
• YTD: 58.95%
• 1Y: 92.09%
• 3Y*: 36.19%
• 5Y*: 14.22%
• 10Y*: 20.78%

QQQ

• 1D: -1.90%
• 1M: -1.22%
• 6M: 13.75%
• YTD: 16.13%
• 1Y: 29.05%
• 3Y*: 24.08%
• 5Y*: 15.10%
• 10Y*: 21.19%

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

IGPT vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGPT Invesco AI and Next Gen Software ETF	58.95%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	34.60%
QQQ Invesco QQQ ETF	16.13%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between IGPT and QQQ is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005	0.83

The correlation between IGPT and QQQ has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

IGPT vs. QQQ - Sectors Allocation Comparison

Sectors	IGPT	QQQ
Technology	78.9%	58.7%
Communication Services	13.2%	14.3%
Real Estate	2.9%	0.1%
Healthcare	2.5%	3.7%
Industrials	2.5%	2.6%
Financial Services	0.1%	0.2%
Basic Materials	-	1.0%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Utilities	-	1.2%

Return for Risk

IGPT vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGPT

IGPT Risk / Return Rank: 91
IGPT Sharpe Ratio Rank: 93
IGPT Sortino Ratio Rank: 86
IGPT Omega Ratio Rank: 88
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 93

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.57	+1.08
Sortino ratio: Return per unit of downside risk	3.09	2.13	+0.96
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	5.55	2.44	+3.11
Martin ratio: Return relative to average drawdown	18.70	8.74	+9.96

IGPT vs. QQQ - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.65, which is higher than the QQQ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of IGPT and QQQ, 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. QQQ - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for IGPT and QQQ.

Drawdown Indicators

	IGPT	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-82.97%	+32.83%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-11.96%	-4.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-22.77%	-6.53%
Max Drawdown (5Y) Largest decline over 5 years	-42.87%	-35.12%	-7.75%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-35.12%	-15.02%
Current Drawdown Current decline from peak	-12.56%	-4.51%	-8.05%
Average Drawdown Average peak-to-trough decline	-11.94%	-32.67%	+20.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	3.33%	+1.61%

Volatility

IGPT vs. QQQ - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 17.85% compared to Invesco QQQ ETF (QQQ) at 8.69%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	8.69%	+9.16%
Volatility (6M) Calculated over the trailing 6-month period	31.02%	15.40%	+15.62%
Volatility (1Y) Calculated over the trailing 1-year period	34.98%	18.61%	+16.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.13%	22.80%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	22.44%	+4.62%

IGPT vs. QQQ - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

IGPT vs. QQQ - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both IGPT and QQQ in my portfolio?

IGPT and QQQ have a correlation of 0.89, 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 QQQ?

IGPT has higher volatility (17.85%) compared to QQQ (8.69%). In terms of maximum drawdown, IGPT dropped -50.14% vs QQQ's -82.97%.

Which ETF is better, IGPT or QQQ?

On 10-year performance, QQQ leads with 21.19% vs 20.78% for IGPT. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or QQQ?

Over the 10-year period, QQQ has performed better with a 21.19% return vs 20.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.56% for IGPT.

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

QQQ has the higher dividend yield at 0.43%, compared with 0.01% for IGPT.

What is the main difference between IGPT and QQQ?

IGPT is categorized as Technology Equities, while QQQ is Nasdaq-100. IGPT tracks STOXX World AC NexGen Software Development Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.56% for IGPT and 0.18% for QQQ.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.65 vs 1.57), 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.