IGPT vs. QTUM-USD
Compare and contrast key facts about Invesco AI and Next Gen Software ETF (IGPT) and QTUM (QTUM-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGPT or QTUM-USD.
Key characteristics
| IGPT | QTUM-USD | |
|---|---|---|
| YTD Return | 23.31% | -26.71% |
| 1Y Return | 38.50% | -12.26% |
| 3Y Return (Ann) | 5.66% | -45.28% |
| 5Y Return (Ann) | 13.27% | 3.28% |
| Sharpe Ratio | 1.64 | -0.70 |
| Sortino Ratio | 2.22 | -0.84 |
| Omega Ratio | 1.29 | 0.92 |
| Calmar Ratio | 1.29 | 0.00 |
| Martin Ratio | 5.60 | -1.22 |
| Ulcer Index | 6.83% | 46.77% |
| Daily Std Dev | 23.32% | 68.10% |
| Max Drawdown | -48.44% | -98.90% |
| Current Drawdown | -4.32% | -97.12% |
Correlation
The correlation between IGPT and QTUM-USD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGPT vs. QTUM-USD - Performance Comparison
In the year-to-date period, IGPT achieves a 23.31% return, which is significantly higher than QTUM-USD's -26.71% 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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Risk-Adjusted Performance
IGPT vs. QTUM-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and QTUM (QTUM-USD). 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.
Drawdowns
IGPT vs. QTUM-USD - Drawdown Comparison
The maximum IGPT drawdown since its inception was -48.44%, smaller than the maximum QTUM-USD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for IGPT and QTUM-USD. For additional features, visit the drawdowns tool.
Volatility
IGPT vs. QTUM-USD - Volatility Comparison
The current volatility for Invesco AI and Next Gen Software ETF (IGPT) is 6.54%, while QTUM (QTUM-USD) has a volatility of 21.10%. This indicates that IGPT experiences smaller price fluctuations and is considered to be less risky than QTUM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.