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IGPT vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGPT vs. QQQ

Last updated Aug 2, 2026
Documentation

IGPT (Invesco AI and Next Gen Software ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - IGPT is a Artificial Intelligence 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 19.74%/yr vs 20.44%/yr for QQQ. Their correlation of 0.83 means they have usually moved in the same direction. 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.

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Returns By Period

In the year-to-date period, IGPT achieves a 45.80% return, which is significantly higher than QQQ's 12.26% return. Both investments have delivered pretty close results over the past 10 years, with IGPT having a 19.74% annualized return and QQQ not far ahead at 20.44%.

IGPT

1D
0.59%
1M
-8.98%
6M
33.98%
YTD
45.80%
1Y
74.93%
3Y*
33.09%
5Y*
12.06%
10Y*
19.74%
ALL TIME*
14.87%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

IGPT

Invesco AI and Next Gen Software ETF
$28.12M$21.89M$21.69M

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

IGPT vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGPT
Invesco AI and Next Gen Software ETF		45.80%31.55%17.15%27.29%-27.73%-11.79%54.31%35.06%16.38%34.60%
QQQ
Invesco QQQ ETF		12.26%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 0.90, meaning they have usually moved in the same direction, including during past declines.

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

0.90

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

0.91

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

0.88

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

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 0.91 - a consistent structural relationship.

IGPT vs. QQQ - Sectors Allocation Comparison

Sectors
IGPT
QQQ

Technology

76.6%
60.9%

Communication Services

16.9%
13.1%

Real Estate

2.4%
0.1%

Healthcare

2.1%
3.6%

Industrials

2.0%
2.7%

Consumer Cyclical

0.1%
10.7%

Financial Services

0.1%
0.2%

Basic Materials

-

1.0%

Consumer Defensive

-

6.3%

Energy

-

0.5%

Utilities

-

1.1%

Technology

IGPT
76.6%
QQQ
60.9%

Communication Services

IGPT
16.9%
QQQ
13.1%

Real Estate

IGPT
2.4%
QQQ
0.1%

Healthcare

IGPT
2.1%
QQQ
3.6%

Industrials

IGPT
2.0%
QQQ
2.7%

Consumer Cyclical

IGPT
0.1%
QQQ
10.7%

Financial Services

IGPT
0.1%
QQQ
0.2%

Basic Materials

IGPT

-

QQQ
1.0%

Consumer Defensive

IGPT

-

QQQ
6.3%

Energy

IGPT

-

QQQ
0.5%

Utilities

IGPT

-

QQQ
1.1%

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

Invesco QQQ ETF

Often compared with IGPT:
IGPT vs. AIQIGPT vs. CHATIGPT vs. BOTZIGPT vs. VGTIGPT vs. IRBOIGPT vs. XAIXIGPT vs. QTUM-USD
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

IGPT vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGPT
IGPT Risk / Return Rank: 8080
Overall Rank
IGPT Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IGPT Sortino Ratio Rank: 7777
Sortino Ratio Rank
IGPT Omega Ratio Rank: 7878
Omega Ratio Rank
IGPT Calmar Ratio Rank: 8080
Calmar Ratio Rank
IGPT Martin Ratio Rank: 8383
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
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. 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.

IGPTQQQDifference
Sharpe ratioReturn per unit of total volatility
1.94
1.16

+0.78

Sortino ratioReturn per unit of downside risk
2.46
1.65

+0.81

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.12

Calmar ratioReturn relative to maximum drawdown

2.89

1.88

+1.01

Martin ratioReturn relative to average drawdown

11.04

6.00

+5.04

IGPT vs. QQQ - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 1.94, which is higher than the QQQ Sharpe Ratio of 1.16. 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.

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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.

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Drawdown Indicators

IGPTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-50.14%

-82.97%

+32.83%

Max Drawdown (1Y)

Largest decline over 1 year

-24.74%

-11.96%

-12.78%

Max Drawdown (3Y)

Largest decline over 3 years

-29.30%

-22.77%

-6.53%

Max Drawdown (5Y)

Largest decline over 5 years

-42.04%

-35.12%

-6.92%

Max Drawdown (10Y)

Largest decline over 10 years

-50.14%

-35.12%

-15.02%

Current Drawdown

Current decline from peak

-19.79%

-7.69%

-12.10%

Average Drawdown

Average peak-to-trough decline

-11.95%

-32.62%

+20.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.47%

3.74%

+2.73%

Volatility

IGPT vs. QQQ - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.66% compared to Invesco QQQ ETF (QQQ) at 6.87%. 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.

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Volatility by Period

IGPTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.66%

6.87%

+7.79%

Volatility (6M)

Calculated over the trailing 6-month period

32.84%

16.08%

+16.76%

Volatility (1Y)

Calculated over the trailing 1-year period

36.85%

19.38%

+17.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.53%

22.90%

+6.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.29%

22.50%

+4.79%

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 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
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		0.44%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

IGPT and QQQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGPT has higher volatility (14.66%) compared to QQQ (6.87%). In terms of maximum drawdown, IGPT dropped -50.14% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 20.44% vs 19.74% for IGPT. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 20.44% return vs 19.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QQQ has the higher dividend yield at 0.44%, compared with 0.01% for IGPT.

IGPT is categorized as Artificial Intelligence, 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.

IGPT currently has the higher Sharpe Ratio (1.94 vs 1.16), 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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