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ETFs

Invesco AI and Next Gen Software ETF

IGPT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.56%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$461,483
AUM
$162,651,033
Associated Index
STOXX World AC NexGen Software Development Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Meta Platforms Inc - Ordinary Shares - Class A
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Alphabet Inc - Ordinary Shares - Class A
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Adobe Inc
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NVIDIA Corp
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Advanced Micro Devices Inc.
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QCOM
Qualcomm, Inc.
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ISRG
Intuitive Surgical Inc
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6861
Keyence Corporation
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MU
Micron Technology Inc.
3.16%
Invest with IGPT

What is IGPT?

The Invesco AI and Next Gen Software ETF (Fund) is based on the STOXX World AC NexGen Software Development Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is comprised of companies with significant exposure to technologies or products that contribute to future software development through direct revenue.

ETFs related toIGPT

ETFs correlated to IGPT include LGRO, GAUG, XSW

IGPT
Invesco Capital Management LLC - Invesco AI and Next Gen Software ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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FAQ

IGPT is a Global Equities ETF. The Invesco AI and Next Gen Software ETF (Fund) is based on the STOXX World AC NexGen Software Development Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is comprised of companies with significant exposure to technologies or products that contribute to future software development through direct revenue.

IGPT tracks the STOXX World AC NexGen Software Development Index.

No, IGPT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IGPT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IGPT is -0.0113%. This is the percent change in the value of IGPT over the most recent 1-month period. The 3-month return on IGPT is -0.0691%. This is the percent change in the value of IGPT over the most recent 3-month period.

The standard deviation of IGPT for the past year is 0.2302%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IGPT include PBW, IGF, and ARKK.

ETFs correlated to IGPT include LGRO, GAUG, and XSW.

ETFs that are inversely correlated to IGPT include WEBS, HIBS, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.