IGPT vs QQQ
Invesco AI and Next Gen Software ETF vs Invesco QQQ Trust, Series 1
Which is better, IGPT or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. IGPT led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 59.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IGPT | QQQ |
|---|---|---|
| Expense Ratio | 0.56% | 0.18%Best |
| AUM | $1.2B | $483.5B |
| Dividend Yield | 0.01% | 0.44% |
| Holdings | 116 | 107 |
| YTD Return | +58.22%Best | +17.21% |
| 1Y Return | +80.13%Best | +22.10% |
| 3Y Return (annualized) | +42.72%Best | +25.27% |
| 5Y Return (annualized) | +15.52%Best | +14.60% |
| Volatility (annualized) | 21.7% | 18.4%Best |
| Max Drawdown | -50.1%Best | -53.5% |
| $10,000 over 5 years | $20,572Best | $19,766 |
| Top 10 Weight | 59.1% | 46.5%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Jun 23, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 17, 2026 (21.2 years).
IGPT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 21.2 years both funds cover.
IGPT vs QQQ Performance
Invesco AI and Next Gen Software ETF (IGPT) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year IGPT returned +80.13% while QQQ returned +22.10%. Year to date, IGPT is up 58.22% versus a gain of 17.21% for QQQ.
Over three years, IGPT compounded at +42.72% per year against +25.27% for QQQ; over five years the annualized figures are +15.52% and +14.60% respectively. Across the full 21-year window we track, IGPT has the edge at +15.32% annualized vs +15.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGPT has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 18.4% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.1% for IGPT and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IGPT charges 0.56% per year while QQQ charges 0.18%. On a $10,000 position that is $56 vs $18 annually, a gap of $38 per year that compounds over a long holding period. On income, IGPT currently yields 0.01% against 0.44% for QQQ.
Holdings Overlap
62.1% of IGPT's money is in holdings QQQ also owns. 28.8% of QQQ's money is in holdings IGPT also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 101 positions we hold weights for in IGPT and 102 in QQQ, against full books of 116 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for IGPT (68.8% of the fund), and 41 for IGPT that do not appear in QQQ (13.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IGPT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.02% | 8.44% | 0.58% |
| MUMicron Technology, Inc. | 8.05% | 4.43% | 3.62% |
| GOOGLAlphabet Inc,class A | 7.94% | 3.36% | 4.58% |
| METAMeta Platforms Inc | 8.43% | 2.78% | 5.65% |
| INTCIntel Corporation | 3.60% | 2.23% | 1.37% |
| SNDKSandisk Corp/De | 3.71% | 0.88% | 2.83% |
| STXSeagate Technology Holdings Plc | 2.97% | 0.83% | 2.14% |
| MRVLMarvell Technology Group Ltd. | 2.96% | 0.81% | 2.15% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 2.49% | 0.79% | 1.70% |
| QCOMQualcomm Inc. | 2.25% | 0.73% | 1.52% |
62.1% of IGPT is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IGPT or QQQ?
IGPT has an expense ratio of 0.56% while QQQ charges 0.18%. QQQ is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, IGPT or QQQ?
Over the past year IGPT returned +80.13% vs +22.10% for QQQ, so IGPT leads on 1-year performance. Over the longest common window we track (21 years), IGPT annualized +15.32% vs +15.10% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGPT or QQQ?
IGPT has been the more volatile fund at 21.7% annualized versus 18.4% for QQQ. Worst drawdown: IGPT -50.1% vs QQQ -53.5%.
Should I hold both IGPT and QQQ?
IGPT and QQQ have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IGPT and QQQ?
62.1% of IGPT's money is in holdings QQQ also owns. 28.8% of QQQ's is in holdings IGPT also owns. They hold 21 positions in common, counted across the 101 positions we hold weights for in IGPT and 102 in QQQ.
Which pays a higher dividend, IGPT or QQQ?
IGPT yields 0.01% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than IGPT?
QQQ has a lower expense ratio. IGPT led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 59.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.