IGPT vs. WDAY

Last updated Aug 4, 2026

IGPT (Invesco AI and Next Gen Software ETF) is Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index, while WDAY (Workday, Inc.) is a stock. Over the past 10 years, IGPT returned 19.82%/yr vs 7.10%/yr for WDAY. Their 0.56 correlation means they have sometimes moved together and sometimes differently.

Performance

IGPT vs. WDAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco AI and Next Gen Software ETF (IGPT) and Workday, Inc. (WDAY). 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 WDAY's -23.15% return. Over the past 10 years, IGPT has outperformed WDAY with an annualized return of 19.82%, while WDAY has yielded a comparatively lower 7.10% 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%

WDAY

• 1D: 2.94%
• 1M: 21.90%
• 6M: -4.80%
• YTD: -23.15%
• 1Y: -25.73%
• 3Y*: -10.49%
• 5Y*: -6.60%
• 10Y*: 7.10%
• ALL TIME*: 9.35%

*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
WDAY Workday, Inc.	$797.53M	$689.42M	$697.77M

IGPT vs. WDAY - 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%
WDAY Workday, Inc.	-23.15%	-16.76%	-6.53%	64.98%	-38.75%	14.01%	45.70%	2.99%	56.95%	53.94%

Correlation

The correlation between IGPT and WDAY is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.13
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (10Y) Provides a long-term view across more market conditions.	0.56
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012	0.56

The correlation between IGPT and WDAY shifts across timeframes, from -0.13 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IGPT vs. WDAY — 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

WDAY

WDAY Risk / Return Rank: 24
WDAY Sharpe Ratio Rank: 20
WDAY Sortino Ratio Rank: 21
WDAY Omega Ratio Rank: 22
WDAY Calmar Ratio Rank: 27
WDAY Martin Ratio Rank: 29

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. WDAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and Workday, Inc. (WDAY). 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	WDAY	Difference
Sharpe ratio: Return per unit of total volatility	2.20	-0.52	+2.72
Sortino ratio: Return per unit of downside risk	2.69	-0.52	+3.21
Omega ratio: Gain probability vs. loss probability	1.36	0.94	+0.42
Calmar ratio: Return relative to maximum drawdown	3.27	-0.47	+3.75
Martin ratio: Return relative to average drawdown	12.33	-0.77	+13.10

IGPT vs. WDAY - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 2.20, which is higher than the WDAY Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of IGPT and WDAY, 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. WDAY - Drawdown Comparison

The maximum IGPT drawdown since its inception was -50.14%, smaller than the maximum WDAY drawdown of -63.38%. Use the drawdown chart below to compare losses from any high point for IGPT and WDAY.

Drawdown Indicators

	IGPT	WDAY	Difference
Max Drawdown Largest peak-to-trough decline	-50.14%	-63.38%	+13.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-54.58%	+29.84%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-63.38%	+34.08%
Max Drawdown (5Y) Largest decline over 5 years	-42.04%	-63.38%	+21.34%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-63.38%	+13.24%
Current Drawdown Current decline from peak	-17.20%	-46.27%	+29.07%
Average Drawdown Average peak-to-trough decline	-11.95%	-21.30%	+9.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	33.41%	-26.85%

Volatility

IGPT vs. WDAY - Volatility Comparison

The current volatility for Invesco AI and Next Gen Software ETF (IGPT) is 14.42%, while Workday, Inc. (WDAY) has a volatility of 19.78%. This indicates that IGPT experiences smaller price fluctuations and is considered to be less risky than WDAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGPT	WDAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.42%	19.78%	-5.36%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	43.34%	-10.48%
Volatility (1Y) Calculated over the trailing 1-year period	36.96%	49.55%	-12.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	40.44%	-10.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.31%	39.46%	-12.15%

Dividends

IGPT vs. WDAY - Dividend Comparison

IGPT's dividend yield for the trailing twelve months is around 0.01%, while WDAY has not paid dividends to shareholders.

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%
WDAY Workday, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGPT and WDAY in my portfolio?

IGPT and WDAY have a correlation of -0.13, 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 WDAY?

WDAY has higher volatility (19.78%) compared to IGPT (14.42%). In terms of maximum drawdown, IGPT dropped -50.14% vs WDAY's -63.38%.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.20 vs -0.52), 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.