WISE vs. IGPT

Last updated Aug 4, 2026

WISE (Themes Generative Artificial Intelligence ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both Artificial Intelligence funds - WISE tracks the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross while IGPT tracks the STOXX World AC NexGen Software Development Index. Both are passively managed. Over the past year, WISE returned 0.31% vs 80.58% for IGPT. Their 0.79 correlation means they have sometimes moved together and sometimes differently. WISE charges 0.35%/yr vs 0.56%/yr for IGPT.

Performance

WISE vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Generative Artificial Intelligence ETF (WISE) 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, WISE achieves a -8.91% return, which is significantly lower than IGPT's 50.51% return.

WISE

• 1D: 3.57%
• 1M: -3.63%
• 6M: -6.05%
• YTD: -8.91%
• 1Y: 0.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.55%

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%

*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
WISE Themes Generative Artificial Intelligence ETF	$181.34K	$202.97K	$449.21K

WISE vs. IGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WISE Themes Generative Artificial Intelligence ETF	-8.91%	5.88%	40.45%	8.33%
IGPT Invesco AI and Next Gen Software ETF	50.51%	31.55%	17.15%	6.98%

Correlation

The correlation between WISE and IGPT is 0.78, 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.	0.78
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023	0.79

The correlation between WISE and IGPT has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

WISE vs. IGPT - Sectors Allocation Comparison

Sectors	WISE	IGPT
Technology	91.3%	76.6%
Consumer Cyclical	3.5%	0.1%
Communication Services	2.9%	16.9%
Industrials	1.3%	2.0%
Healthcare	0.8%	2.1%
Utilities	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Real Estate	-	2.4%

Return for Risk

WISE vs. IGPT — Risk / Return Rank

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

WISE

WISE Risk / Return Rank: 12
WISE Sharpe Ratio Rank: 11
WISE Sortino Ratio Rank: 12
WISE Omega Ratio Rank: 12
WISE Calmar Ratio Rank: 11
WISE Martin Ratio Rank: 11

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

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.

WISE vs. IGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) 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.

	WISE	IGPT	Difference
Sharpe ratio: Return per unit of total volatility	0.01	2.20	-2.19
Sortino ratio: Return per unit of downside risk	0.26	2.69	-2.43
Omega ratio: Gain probability vs. loss probability	1.03	1.36	-0.33
Calmar ratio: Return relative to maximum drawdown	0.01	3.27	-3.27
Martin ratio: Return relative to average drawdown	0.02	12.33	-12.31

WISE vs. IGPT - Sharpe Ratio Comparison

The current WISE Sharpe Ratio is 0.01, which is lower than the IGPT Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of WISE 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

WISE vs. IGPT - Drawdown Comparison

The maximum WISE drawdown since its inception was -39.15%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for WISE and IGPT.

Drawdown Indicators

	WISE	IGPT	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-50.14%	+10.99%
Max Drawdown (1Y) Largest decline over 1 year	-34.08%	-24.74%	-9.34%
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 Drawdown Current decline from peak	-22.45%	-17.20%	-5.25%
Average Drawdown Average peak-to-trough decline	-12.34%	-11.95%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.28%	6.56%	+9.72%

Volatility

WISE vs. IGPT - Volatility Comparison

The current volatility for Themes Generative Artificial Intelligence ETF (WISE) is 11.39%, while Invesco AI and Next Gen Software ETF (IGPT) has a volatility of 14.42%. This indicates that WISE 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

	WISE	IGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	14.42%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	27.27%	32.86%	-5.59%
Volatility (1Y) Calculated over the trailing 1-year period	35.04%	36.96%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.06%	29.58%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.06%	27.31%	+6.75%

WISE vs. IGPT - Expense Ratio Comparison

WISE has a 0.35% expense ratio, which is lower than IGPT's 0.56% expense ratio.

Dividends

WISE vs. IGPT - Dividend Comparison

WISE's dividend yield for the trailing twelve months is around 4.53%, 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%
WISE Themes Generative Artificial Intelligence ETF	4.53%	4.12%	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 WISE and IGPT in my portfolio?

WISE and IGPT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WISE or IGPT?

IGPT has higher volatility (14.42%) compared to WISE (11.39%). In terms of maximum drawdown, WISE dropped -39.15% vs IGPT's -50.14%.

Which ETF is better, WISE or IGPT?

On 1-year performance, IGPT leads with 80.58% vs 0.31% for WISE. On fees, WISE is cheaper at 0.35% per year. On volatility, WISE has been the lower-risk option at 11.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WISE or IGPT?

Over the 1-year period, IGPT has performed better with a 80.58% return vs 0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WISE or IGPT?

WISE is cheaper with a 0.35% expense ratio, compared with 0.56% for IGPT.

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

WISE has the higher dividend yield at 4.53%, compared with 0.01% for IGPT.

What is the main difference between WISE and IGPT?

WISE tracks Solactive Generative Artificial Intelligence Index - Benchmark TR Gross, while IGPT tracks STOXX World AC NexGen Software Development Index. They also come from different issuers: Themes and Invesco. Their fees differ too: 0.35% for WISE and 0.56% for IGPT.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (2.20 vs 0.01), 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.