IGPT vs. SOXQ
Compare and contrast key facts about Invesco AI and Next Gen Software ETF (IGPT) and Invesco PHLX Semiconductor ETF (SOXQ).
IGPT and SOXQ 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. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021. Both IGPT and SOXQ 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 SOXQ.
Key characteristics
| IGPT | SOXQ | |
|---|---|---|
| YTD Return | 22.09% | 20.65% |
| 1Y Return | 33.35% | 36.70% |
| 3Y Return (Ann) | 5.30% | 10.81% |
| Sharpe Ratio | 1.59 | 1.20 |
| Sortino Ratio | 2.17 | 1.69 |
| Omega Ratio | 1.28 | 1.22 |
| Calmar Ratio | 1.32 | 1.66 |
| Martin Ratio | 5.43 | 4.44 |
| Ulcer Index | 6.84% | 9.42% |
| Daily Std Dev | 23.34% | 34.78% |
| Max Drawdown | -48.44% | -46.01% |
| Current Drawdown | -5.27% | -15.09% |
Correlation
The correlation between IGPT and SOXQ is 0.79, 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. SOXQ - Performance Comparison
In the year-to-date period, IGPT achieves a 22.09% return, which is significantly higher than SOXQ's 20.65% 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. SOXQ - Expense Ratio Comparison
IGPT has a 0.60% expense ratio, which is higher than SOXQ's 0.00% expense ratio.
Risk-Adjusted Performance
IGPT vs. SOXQ - 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 PHLX Semiconductor ETF (SOXQ). 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. SOXQ - Dividend Comparison
IGPT has not paid dividends to shareholders, while SOXQ's dividend yield for the trailing twelve months is around 0.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXQ Invesco PHLX Semiconductor ETF | 0.69% | 0.87% | 1.36% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGPT vs. SOXQ - Drawdown Comparison
The maximum IGPT drawdown since its inception was -48.44%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IGPT and SOXQ. For additional features, visit the drawdowns tool.
Volatility
IGPT vs. SOXQ - Volatility Comparison
The current volatility for Invesco AI and Next Gen Software ETF (IGPT) is 6.27%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 8.56%. This indicates that IGPT experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.