PXQ vs. IGV
PXQ (Invesco Next Gen Connectivity ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both Technology Equities funds - PXQ tracks the STOXX World AC NexGen Connectivity Index while IGV tracks the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 10 years, PXQ returned 18.83%/yr vs 15.95%/yr for IGV. Their 0.79 correlation means they have sometimes moved together and sometimes differently. PXQ charges 0.40%/yr vs 0.39%/yr for IGV.
Performance
PXQ vs. IGV - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than IGV's -10.50% return. Over the past 10 years, PXQ has outperformed IGV with an annualized return of 18.83%, while IGV has yielded a comparatively lower 15.95% annualized return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
IGV
- 1D
- 1.36%
- 1M
- 1.08%
- 6M
- 4.75%
- YTD
- -10.50%
- 1Y
- -12.92%
- 3Y*
- 9.07%
- 5Y*
- 3.25%
- 10Y*
- 15.95%
- ALL TIME*
- 9.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.45B | $1.32B | $1.70B | |
| $741.37K | $822.66K | $837.91K |
PXQ vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
IGV iShares Expanded Tech-Software Sector ETF | -10.50% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
Correlation
The correlation between PXQ and IGV is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005 | 0.79 |
Over the past year, the correlation between PXQ and IGV has dropped to 0.40 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
PXQ vs. IGV — Risk / Return Rank
PXQ
IGV
PXQ vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and iShares Expanded Tech-Software Sector ETF (IGV). 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.
| PXQ | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.93 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.42 | +3.73 |
| Martin ratioReturn relative to average drawdown | 13.33 | -0.79 | +14.12 |
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Drawdowns
PXQ vs. IGV - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for PXQ and IGV.
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Drawdown Indicators
| PXQ | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -63.45% | +6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -36.61% | +17.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -36.61% | +15.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -45.85% | +11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -45.85% | +11.30% |
Current DrawdownCurrent decline from peak | -14.80% | -19.69% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -14.49% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 19.35% | -14.67% |
Volatility
PXQ vs. IGV - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 11.26% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 6.80%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXQ | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 6.80% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 25.02% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 29.16% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 28.16% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 26.45% | -2.90% |
PXQ vs. IGV - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is higher than IGV's 0.39% expense ratio.
Dividends
PXQ vs. IGV - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, more than IGV's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
Frequently Asked Questions
PXQ and IGV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (11.26%) compared to IGV (6.80%). In terms of maximum drawdown, PXQ dropped -57.18% vs IGV's -63.45%.
On 10-year performance, PXQ leads with 18.83% vs 15.95% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 18.83% return vs 15.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 0.40% for PXQ.
PXQ has the higher dividend yield at 0.68%, compared with 0.02% for IGV.
PXQ tracks STOXX World AC NexGen Connectivity Index, while IGV tracks S&P North American Expanded Technology Software Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for PXQ and 0.39% for IGV.
PXQ currently has the higher Sharpe Ratio (2.27 vs -0.53), 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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