IGPT vs. WDAY

Last updated Jun 24, 2026

IGPT (Invesco AI and Next Gen Software ETF) is Technology Equities fund tracking the STOXX World AC NexGen Software Development Index, while WDAY (Workday, Inc.) is a stock. Over the past 10 years, IGPT returned 22.51%/yr vs 4.51%/yr for WDAY. A 0.58 correlation means they provide meaningful diversification when combined.

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 68.99% return, which is significantly higher than WDAY's -46.40% return. Over the past 10 years, IGPT has outperformed WDAY with an annualized return of 22.51%, while WDAY has yielded a comparatively lower 4.51% annualized return.

IGPT

• 1D: -7.04%
• 1M: 9.45%
• YTD: 68.99%
• 6M: 69.36%
• 1Y: 115.70%
• 3Y*: 42.39%
• 5Y*: 14.53%
• 10Y*: 22.51%

WDAY

• 1D: 1.85%
• 1M: -10.15%
• YTD: -46.40%
• 6M: -46.56%
• 1Y: -51.34%
• 3Y*: -19.69%
• 5Y*: -13.79%
• 10Y*: 4.51%

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

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	68.99%	31.55%	17.15%	27.29%	-27.73%	-11.79%	54.31%	35.06%	16.38%	34.60%
WDAY Workday, Inc.	-46.40%	-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 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012	0.58

Over the past year, the correlation between IGPT and WDAY has dropped to 0.01 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

IGPT vs. WDAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGPT

IGPT Risk / Return Rank: 92
IGPT Sharpe Ratio Rank: 95
IGPT Sortino Ratio Rank: 89
IGPT Omega Ratio Rank: 90
IGPT Calmar Ratio Rank: 94
IGPT Martin Ratio Rank: 94

WDAY

WDAY Risk / Return Rank: 4
WDAY Sharpe Ratio Rank: 3
WDAY Sortino Ratio Rank: 3
WDAY Omega Ratio Rank: 5
WDAY Calmar Ratio Rank: 5
WDAY Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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	3.51	-1.17	+4.68
Sortino ratio: Return per unit of downside risk	3.87	-1.89	+5.77
Omega ratio: Gain probability vs. loss probability	1.56	0.78	+0.78
Calmar ratio: Return relative to maximum drawdown	6.98	-0.94	+7.92
Martin ratio: Return relative to average drawdown	25.88	-1.70	+27.58

IGPT vs. WDAY - Sharpe Ratio Comparison

The current IGPT Sharpe Ratio is 3.51, which is higher than the WDAY Sharpe Ratio of -1.17. 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	-16.68%	-54.58%	+37.90%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-63.38%	+34.08%
Max Drawdown (5Y) Largest decline over 5 years	-44.87%	-63.38%	+18.51%
Max Drawdown (10Y) Largest decline over 10 years	-50.14%	-63.38%	+13.24%
Current Drawdown Current decline from peak	-7.04%	-62.52%	+55.48%
Average Drawdown Average peak-to-trough decline	-11.94%	-21.03%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	30.16%	-25.67%

Volatility

IGPT vs. WDAY - Volatility Comparison

Invesco AI and Next Gen Software ETF (IGPT) and Workday, Inc. (WDAY) have volatilities of 19.26% and 19.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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	19.26%	19.78%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	28.98%	37.97%	-8.99%
Volatility (1Y) Calculated over the trailing 1-year period	33.13%	44.16%	-11.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.71%	39.15%	-10.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	38.92%	-12.06%

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 0.01, 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 (19.26%). 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 (3.51 vs -1.17), 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.