IGPT vs. QQQ
Compare and contrast key facts about Invesco AI and Next Gen Software ETF (IGPT) and Invesco QQQ (QQQ).
IGPT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGPT is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Software Development Index. It was launched on Jun 23, 2005. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IGPT and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGPT or QQQ.
Key characteristics
| IGPT | QQQ | |
|---|---|---|
| YTD Return | 22.09% | 25.63% |
| 1Y Return | 33.35% | 33.85% |
| 3Y Return (Ann) | 5.30% | 9.83% |
| 5Y Return (Ann) | 12.76% | 21.21% |
| 10Y Return (Ann) | 16.65% | 18.37% |
| Sharpe Ratio | 1.59 | 2.12 |
| Sortino Ratio | 2.17 | 2.79 |
| Omega Ratio | 1.28 | 1.38 |
| Calmar Ratio | 1.32 | 2.71 |
| Martin Ratio | 5.43 | 9.88 |
| Ulcer Index | 6.84% | 3.72% |
| Daily Std Dev | 23.34% | 17.31% |
| Max Drawdown | -48.44% | -82.98% |
| Current Drawdown | -5.27% | -0.37% |
Correlation
The correlation between IGPT and QQQ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGPT vs. QQQ - Performance Comparison
In the year-to-date period, IGPT achieves a 22.09% return, which is significantly lower than QQQ's 25.63% return. Over the past 10 years, IGPT has underperformed QQQ with an annualized return of 16.65%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGPT vs. QQQ - Expense Ratio Comparison
IGPT has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IGPT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Invesco QQQ (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.
Dividends
IGPT vs. QQQ - Dividend Comparison
IGPT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGPT Invesco AI and Next Gen Software ETF | 0.00% | 0.00% | 4.23% | 18.63% | 0.11% | 0.15% | 0.00% | 0.00% | 0.10% | 0.44% | 0.29% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IGPT vs. QQQ - Drawdown Comparison
The maximum IGPT drawdown since its inception was -48.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IGPT and QQQ. For additional features, visit the drawdowns tool.
Volatility
IGPT vs. QQQ - Volatility Comparison
Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 6.27% compared to Invesco QQQ (QQQ) at 4.91%. 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.