Invesco AI and Next Gen Software ETF (IGPT) — Stock Correlations & Overview
Over the past year, IGPT has moved most closely with WTAI, AIS, CHPX. Explore the stocks most correlated and inversely correlated with IGPT below, along with its price, financials, and company profile.
Stocks correlated with IGPT
Correlation of daily returns. Higher positive values move with IGPT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGPT
| Symbol | Company | Correlation |
|---|---|---|
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 0.96 |
| AIS | VistaShares Artificial Intelligence Supercycle ETF | 0.95 |
| CHPX | Global X AI Semiconductor & Quantum ETF | 0.95 |
| TTEQ | T. Rowe Price Technology ETF | 0.95 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.94 |
Frequently asked questions about IGPT correlations
- Which stocks are most correlated with IGPT?
- Based on one year of daily returns, the stocks most correlated with Invesco AI and Next Gen Software ETF (IGPT) are WTAI (0.96), AIS (0.95) and CHPX (0.95). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IGPT?
- Over the past year, the stocks most inversely correlated with Invesco AI and Next Gen Software ETF (IGPT) are SOXS (-0.93), REW (-0.92) and TECS (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IGPT correlations calculated?
- We compute the correlation of daily returns between IGPT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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