IGPT vs SPY
Invesco AI and Next Gen Software ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IGPT or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. IGPT led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% 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 | SPY |
|---|---|---|
| Expense Ratio | 0.56% | 0.09%Best |
| AUM | $1.2B | $804.7B |
| Dividend Yield | 0.01% | 0.98% |
| Holdings | 116 | 505 |
| YTD Return | +68.74%Best | +13.82% |
| 1Y Return | +87.15%Best | +16.96% |
| 3Y Return (annualized) | +47.71%Best | +22.97% |
| 5Y Return (annualized) | +17.64%Best | +13.73% |
| Volatility (annualized) | 21.8% | 15.0%Best |
| Max Drawdown | -50.1%Best | -56.5% |
| $10,000 over 5 years | $22,531Best | $19,027 |
| Top 10 Weight | 59.1% | 37.8%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jun 23, 2005 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 21, 2026 (21.2 years).
IGPT vs SPY 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 SPY Performance
Invesco AI and Next Gen Software ETF (IGPT) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IGPT returned +87.15% while SPY returned +16.96%. Year to date, IGPT is up 68.74% versus a gain of 13.82% for SPY.
Over three years, IGPT compounded at +47.71% per year against +22.97% for SPY; over five years the annualized figures are +17.64% and +13.73% respectively. Across the full 21-year window we track, IGPT has the edge at +15.67% annualized vs +9.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGPT has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.0% for SPY. 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 -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IGPT charges 0.56% per year while SPY charges 0.09%. On a $10,000 position that is $56 vs $9 annually, a gap of $47 per year that compounds over a long holding period. On income, IGPT currently yields 0.01% against 0.98% for SPY.
Holdings Overlap
67.0% of IGPT's money is in holdings SPY also owns. 18.4% of SPY's money is in holdings IGPT also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 101 positions we hold weights for in IGPT and 504 in SPY, against full books of 116 and 505.
What only one of them owns
Our book lists 469 positions for SPY that do not appear in our book for IGPT (81.0% of the fund), and 34 for IGPT that do not appear in SPY (8.3%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.02% | 8.01% | 1.01% |
| GOOGLAlphabet Inc,class A | 7.94% | 2.99% | 4.95% |
| METAMeta Platforms Inc | 8.43% | 1.93% | 6.50% |
| MUMicron Technology, Inc. | 8.05% | 1.60% | 6.45% |
| INTCIntel Corporation | 3.60% | 0.67% | 2.93% |
| SNDKSandisk Corp/De | 3.71% | 0.35% | 3.36% |
| STXSeagate Technology Holdings Plc | 2.97% | 0.28% | 2.69% |
| MRVLMarvell Technology Group Ltd. | 2.96% | 0.28% | 2.68% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 2.49% | 0.24% | 2.25% |
| QCOMQualcomm Inc. | 2.25% | 0.27% | 1.98% |
67.0% of IGPT is already inside SPY.
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 SPY?
IGPT has an expense ratio of 0.56% while SPY charges 0.09%. SPY is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IGPT or SPY?
Over the past year IGPT returned +87.15% vs +16.96% for SPY, so IGPT leads on 1-year performance. Over the longest common window we track (21 years), IGPT annualized +15.67% vs +9.55% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGPT or SPY?
IGPT has been the more volatile fund at 21.8% annualized versus 15.0% for SPY. Worst drawdown: IGPT -50.1% vs SPY -56.5%.
Should I hold both IGPT and SPY?
IGPT and SPY have a monthly-return correlation of 0.77, 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 SPY?
67.0% of IGPT's money is in holdings SPY also owns. 18.4% of SPY's is in holdings IGPT also owns. They hold 28 positions in common, counted across the 101 positions we hold weights for in IGPT and 504 in SPY.
Which pays a higher dividend, IGPT or SPY?
IGPT yields 0.01% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than IGPT?
SPY has a lower expense ratio. IGPT led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% 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.