IGPT vs SPY
Invesco AI and Next Gen Software ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IGPT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IGPT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.09% | |
| AUM | $1.2B | $789.1B | |
| Dividend Yield | 0.01% | 1.01% | |
| Holdings | 114 | 505 | |
| YTD Return | +48.30% | +13.75% | |
| 1Y Return | +80.20% | +22.91% | |
| 3Y Return (annualized) | +40.13% | +21.67% | |
| 5Y Return (annualized) | +13.30% | +13.32% | |
| Volatility (annualized) | 21.7% | 15.3% | |
| Max Drawdown | -50.1% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Jan 22, 1993 |
IGPT vs SPY Performance
Invesco AI and Next Gen Software ETF (IGPT) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IGPT returned +80.20% while SPY returned +22.91%. Year to date, IGPT is up 48.30% versus a gain of 13.75% for SPY.
Over three years, IGPT compounded at +40.13% per year against +21.67% for SPY; over five years the annualized figures are +13.30% and +13.32% respectively. Across the full 21-year window we track, IGPT has the edge at +15.05% annualized vs +8.85%. 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 15.3% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. 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 1.01% for SPY.
Holdings Overlap
IGPT and SPY share 28 holdings out of 577 unique holdings combined, representing a 18.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IGPT or SPY?
Over the past year IGPT returned +80.20% vs +22.91% for SPY, so IGPT leads on 1-year performance. Over the longest common window we track (21 years), IGPT annualized +15.05% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, IGPT or SPY?
IGPT has been the more volatile fund at 21.7% annualized versus 15.3% 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 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGPT and SPY?
IGPT and SPY share 28 common holdings with a 18.6% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, IGPT or SPY?
IGPT yields 0.01% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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