IGPT vs. WNTR
IGPT (Invesco AI and Next Gen Software ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index, while WNTR is a Derivative Income fund actively managed by YieldMax. IGPT is passively managed, while WNTR is actively managed. Over the past year, IGPT returned 80.58% vs 106.92% for WNTR. Their -0.45 correlation means they have often moved in opposite directions in the past. IGPT charges 0.56%/yr vs 1.00%/yr for WNTR.
Performance
IGPT vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, IGPT achieves a 50.51% return, which is significantly higher than WNTR's 10.51% 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%
WNTR
- 1D
- -0.22%
- 1M
- 7.89%
- 6M
- 8.31%
- YTD
- 10.51%
- 1Y
- 106.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.39M | $21.86M | $21.83M | |
| $3.92M | $3.66M | $3.95M |
IGPT vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGPT Invesco AI and Next Gen Software ETF | 50.51% | 39.25% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.51% | 52.78% |
Correlation
The correlation between IGPT and WNTR is -0.44, 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. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.45 |
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Return for Risk
IGPT vs. WNTR — Risk / Return Rank
IGPT
WNTR
IGPT vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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 | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.52 | +0.75 |
| Martin ratioReturn relative to average drawdown | 12.33 | 6.38 | +5.95 |
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Drawdowns
IGPT vs. WNTR - Drawdown Comparison
The maximum IGPT drawdown since its inception was -50.14%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IGPT and WNTR.
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Drawdown Indicators
| IGPT | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.14% | -42.65% | -7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -42.65% | +17.91% |
Max Drawdown (3Y)Largest decline over 3 years | -29.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.14% | — | — |
Current DrawdownCurrent decline from peak | -17.20% | -9.84% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -11.95% | -20.15% | +8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 16.83% | -10.27% |
Volatility
IGPT vs. WNTR - Volatility Comparison
Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 14.42% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 13.00%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGPT | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 13.00% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 32.86% | 47.22% | -14.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.96% | 54.66% | -17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.58% | 53.34% | -23.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 53.34% | -26.03% |
IGPT vs. WNTR - Expense Ratio Comparison
IGPT has a 0.56% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
IGPT vs. WNTR - Dividend Comparison
IGPT's dividend yield for the trailing twelve months is around 0.01%, less than WNTR's 107.26% 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% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.26% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGPT and WNTR have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGPT has higher volatility (14.42%) compared to WNTR (13.00%). In terms of maximum drawdown, IGPT dropped -50.14% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.92% vs 80.58% for IGPT. On fees, IGPT is cheaper at 0.56% per year. On volatility, WNTR has been the lower-risk option at 13.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 106.92% return vs 80.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGPT is cheaper with a 0.56% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.26%, compared with 0.01% for IGPT.
IGPT is categorized as Artificial Intelligence, while WNTR is Derivative Income. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.56% for IGPT and 1.00% for WNTR.
IGPT currently has the higher Sharpe Ratio (2.20 vs 1.97), 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.
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