IGPT vs. SPHQ

Last updated Aug 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index, while SPHQ is a Quality Factor fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 10 years, IGPT returned 19.82%/yr vs 14.58%/yr for SPHQ. Their 0.73 correlation means they have sometimes moved together and sometimes differently. IGPT charges 0.56%/yr vs 0.15%/yr for SPHQ.

Performance

IGPT vs. SPHQ - 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 S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGPT achieves a 50.51% return, which is significantly higher than SPHQ's 14.14% return. Over the past 10 years, IGPT has outperformed SPHQ with an annualized return of 19.82%, while SPHQ has yielded a comparatively lower 14.58% annualized return.

IGPT

• 1D: 3.23%
• 1M: -6.05%
• 6M: 36.61%
• YTD: 50.51%
• 1Y: 80.58%
• 3Y*: 37.96%
• 5Y*: 12.94%
• 10Y*: 19.82%
• ALL TIME*: 15.04%

SPHQ

• 1D: 0.56%
• 1M: -3.11%
• 6M: 8.93%
• YTD: 14.14%
• 1Y: 21.69%
• 3Y*: 19.92%
• 5Y*: 12.81%
• 10Y*: 14.58%
• ALL TIME*: 10.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGPT Invesco AI and Next Gen Software ETF	$24.39M	$21.86M	$21.83M
SPHQ Invesco S&P 500 Quality ETF	$121.34M	$134.31M	$144.70M

IGPT vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGPT Invesco AI and Next Gen Software ETF	50.51%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	34.60%
SPHQ Invesco S&P 500 Quality ETF	14.14%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%

Correlation

The correlation between IGPT and SPHQ is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Dec 6, 2005	0.74

The correlation between IGPT and SPHQ has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

IGPT vs. SPHQ - Sectors Allocation Comparison

Sectors	IGPT	SPHQ
Technology	76.6%	41.2%
Communication Services	16.9%	6.4%
Real Estate	2.4%	-
Healthcare	2.1%	3.2%
Industrials	2.0%	17.7%
Consumer Cyclical	0.1%	5.3%
Financial Services	0.1%	15.2%
Basic Materials	-	2.5%
Consumer Defensive	-	7.5%
Energy	-	1.0%
Utilities	-	4.5%

Return for Risk

IGPT vs. SPHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IGPT

IGPT Risk / Return Rank: 84
IGPT Sharpe Ratio Rank: 89
IGPT Sortino Ratio Rank: 81
IGPT Omega Ratio Rank: 82
IGPT Calmar Ratio Rank: 85
IGPT Martin Ratio Rank: 85

SPHQ

SPHQ Risk / Return Rank: 65
SPHQ Sharpe Ratio Rank: 64
SPHQ Sortino Ratio Rank: 65
SPHQ Omega Ratio Rank: 59
SPHQ Calmar Ratio Rank: 69
SPHQ Martin Ratio Rank: 69

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. SPHQ - 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 S&P 500 Quality ETF (SPHQ). 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	SPHQ	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.51	+0.69
Sortino ratio: Return per unit of downside risk	2.69	2.17	+0.52
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	3.27	2.45	+0.83
Martin ratio: Return relative to average drawdown	12.33	8.64	+3.68

IGPT vs. SPHQ - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.20, which is higher than the SPHQ Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of IGPT and SPHQ, 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. SPHQ - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for IGPT and SPHQ.

Drawdown Indicators

	IGPT	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-57.83%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-8.90%	-15.84%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-16.57%	-12.73%
Max Drawdown (5Y) Largest decline over 5 years	-42.04%	-25.04%	-17.00%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-31.60%	-18.54%
Current Drawdown Current decline from peak	-17.20%	-5.50%	-11.70%
Average Drawdown Average peak-to-trough decline	-11.95%	-10.64%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	2.52%	+4.04%

Volatility

IGPT vs. SPHQ - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.42% compared to Invesco S&P 500 Quality ETF (SPHQ) at 4.77%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.42%	4.77%	+9.65%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	12.37%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	36.96%	14.51%	+22.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	16.74%	+12.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	17.98%	+9.33%

IGPT vs. SPHQ - Expense Ratio Comparison

IGPT has a 0.56% expense ratio, which is higher than SPHQ's 0.15% expense ratio.

Dividends

IGPT vs. SPHQ - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, less than SPHQ's 1.10% 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%
SPHQ Invesco S&P 500 Quality ETF	1.10%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both IGPT and SPHQ in my portfolio?

IGPT and SPHQ have a correlation of 0.69, 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 SPHQ?

IGPT has higher volatility (14.42%) compared to SPHQ (4.77%). In terms of maximum drawdown, IGPT dropped -50.14% vs SPHQ's -57.83%.

Which ETF is better, IGPT or SPHQ?

On 10-year performance, IGPT leads with 19.82% vs 14.58% for SPHQ. On fees, SPHQ is cheaper at 0.15% per year. On volatility, SPHQ has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGPT or SPHQ?

Over the 10-year period, IGPT has performed better with a 19.82% return vs 14.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGPT or SPHQ?

SPHQ is cheaper with a 0.15% expense ratio, compared with 0.56% for IGPT.

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

SPHQ has the higher dividend yield at 1.10%, compared with 0.01% for IGPT.

What is the main difference between IGPT and SPHQ?

IGPT is categorized as Artificial Intelligence, while SPHQ is Quality Factor. IGPT tracks STOXX World AC NexGen Software Development Index, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.56% for IGPT and 0.15% for SPHQ.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.20 vs 1.50), 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.