VPN vs. IGPT

Last updated Aug 1, 2026

VPN (Global X Data Center REITs & Digital Infrastructure ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both exchange-traded funds - VPN is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure Index, while IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past 5 years, VPN returned 11.34%/yr vs 12.06%/yr for IGPT. Their 0.67 correlation means they have sometimes moved together and sometimes differently. VPN charges 0.50%/yr vs 0.56%/yr for IGPT.

Performance

VPN vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Invesco AI and Next Gen Software ETF (IGPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPN achieves a 30.53% return, which is significantly lower than IGPT's 45.80% return.

VPN

• 1D: -0.90%
• 1M: -3.58%
• 6M: 12.55%
• YTD: 30.53%
• 1Y: 47.91%
• 3Y*: 27.27%
• 5Y*: 11.34%
• 10Y*: —
• ALL TIME*: 13.20%

IGPT

• 1D: 0.59%
• 1M: -8.98%
• 6M: 33.98%
• YTD: 45.80%
• 1Y: 74.93%
• 3Y*: 33.09%
• 5Y*: 12.06%
• 10Y*: 19.74%
• ALL TIME*: 14.87%

*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	$28.12M	$21.89M	$21.69M
VPN Global X Data Center REITs & Digital Infrastructure ETF	$22.41M	$38.68M	$44.72M

VPN vs. IGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VPN Global X Data Center REITs & Digital Infrastructure ETF	30.53%	28.99%	14.92%	18.93%	-30.89%	20.35%	6.60%
IGPT Invesco AI and Next Gen Software ETF	45.80%	31.55%	17.15%	27.29%	-27.73%	-11.79%	20.53%

Correlation

The correlation between VPN and IGPT is 0.79, 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.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.67

The correlation between VPN and IGPT shifts across timeframes, from 0.67 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.

VPN vs. IGPT - Sectors Allocation Comparison

Sectors	VPN	IGPT
Real Estate	58.0%	2.4%
Technology	30.6%	76.6%
Communication Services	10.5%	16.9%
Financial Services	0.9%	0.1%
Basic Materials	-	-
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	2.1%
Industrials	-	2.0%
Utilities	-	-

Return for Risk

VPN vs. IGPT — Risk / Return Rank

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

VPN

VPN Risk / Return Rank: 74
VPN Sharpe Ratio Rank: 81
VPN Sortino Ratio Rank: 76
VPN Omega Ratio Rank: 73
VPN Calmar Ratio Rank: 73
VPN Martin Ratio Rank: 67

IGPT

IGPT Risk / Return Rank: 80
IGPT Sharpe Ratio Rank: 84
IGPT Sortino Ratio Rank: 77
IGPT Omega Ratio Rank: 78
IGPT Calmar Ratio Rank: 80
IGPT Martin Ratio Rank: 83

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.

VPN vs. IGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) and Invesco AI and Next Gen Software ETF (IGPT). 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.

	VPN	IGPT	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.94	-0.10
Sortino ratio: Return per unit of downside risk	2.44	2.46	-0.02
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	2.55	2.89	-0.34
Martin ratio: Return relative to average drawdown	8.11	11.04	-2.92

VPN vs. IGPT - Sharpe Ratio Comparison

The current VPN Sharpe Ratio is 1.84, which is comparable to the IGPT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of VPN and IGPT, 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

VPN vs. IGPT - Drawdown Comparison

The maximum VPN drawdown since its inception was -38.98%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for VPN and IGPT.

Drawdown Indicators

	VPN	IGPT	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-50.14%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	-17.88%	-24.74%	+6.86%
Max Drawdown (3Y) Largest decline over 3 years	-24.96%	-29.30%	+4.34%
Max Drawdown (5Y) Largest decline over 5 years	-38.98%	-42.04%	+3.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.14%	—
Current Drawdown Current decline from peak	-15.15%	-19.79%	+4.64%
Average Drawdown Average peak-to-trough decline	-12.26%	-11.95%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	6.47%	-0.85%

Volatility

VPN vs. IGPT - Volatility Comparison

The current volatility for Global X Data Center REITs & Digital Infrastructure ETF (VPN) is 8.80%, while Invesco AI and Next Gen Software ETF (IGPT) has a volatility of 14.66%. This indicates that VPN experiences smaller price fluctuations and is considered to be less risky than IGPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPN	IGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	14.66%	-5.86%
Volatility (6M) Calculated over the trailing 6-month period	19.77%	32.84%	-13.07%
Volatility (1Y) Calculated over the trailing 1-year period	24.75%	36.85%	-12.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.50%	29.53%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.25%	27.29%	-5.04%

VPN vs. IGPT - Expense Ratio Comparison

VPN has a 0.50% expense ratio, which is lower than IGPT's 0.56% expense ratio.

Dividends

VPN vs. IGPT - Dividend Comparison

VPN's dividend yield for the trailing twelve months is around 0.90%, more than IGPT's 0.01% 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%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.90%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPN and IGPT in my portfolio?

VPN and IGPT have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPN or IGPT?

IGPT has higher volatility (14.66%) compared to VPN (8.80%). In terms of maximum drawdown, VPN dropped -38.98% vs IGPT's -50.14%.

Which ETF is better, VPN or IGPT?

On 5-year performance, IGPT leads with 12.06% vs 11.34% for VPN. On fees, VPN is cheaper at 0.50% per year. On volatility, VPN has been the lower-risk option at 8.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPN or IGPT?

Over the 5-year period, IGPT has performed better with a 12.06% return vs 11.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPN or IGPT?

VPN is cheaper with a 0.50% expense ratio, compared with 0.56% for IGPT.

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

VPN has the higher dividend yield at 0.90%, compared with 0.01% for IGPT.

What is the main difference between VPN and IGPT?

VPN is categorized as REIT, while IGPT is Artificial Intelligence. VPN tracks Solactive Data Center REITs & Digital Infrastructure Index, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for VPN and 0.56% for IGPT.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (1.94 vs 1.84), 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.