IGPT vs QTUM

IGPTBInvesco AI and Next Gen Software ETF

QTUMADefiance Quantum ETF

In short

IGPT Born in 2005 as a software fund, re-aimed at AI in 2023. IGPT holds about 100 global companies that earn at least half their revenue from next-gen software work, at 0.57% a year.

QTUM Live since 2018, QTUM turns the quantum-computing story into a plain index fund: about 90 global names spanning quantum hardware and machine learning, for 0.40% a year.

Stated mandate

IGPT The fund provides exposure to global companies associated with next-generation artificial intelligence and software themes.

QTUM The Fund seeks to track, before fees and expenses, the total return of the BlueStar® Quantum Computing and Machine Learning Index. It uses a passive indexing approach.

Why people hold it

• IGPT Real purity screen: a company needs at least 50% of revenue from software-development subsectors to qualify, then the 100 largest by free float make the index.sec.gov
• Weighting multiplies free-float size by revenue exposure to the theme, with concentration caps, so the purest plays get credit, not only the biggest companies.stoxx.com
• Global and all-cap by design: developed and emerging markets, large caps down to small, instead of the usual huddle of US mega-cap tech.sec.gov
• At 0.57% a year it sits below the AI-theme median fee, and it is a billion-dollar-plus, moderately traded fund that rates among the stronger builds in a crowded field.

• QTUM 0.40% a year against a 0.68% median for its AI-theme cohort, and it undercuts peers like WTAI (0.45%) and ALAI (0.55%).
• Rules-based by design: it tracks the BlueStar Quantum Computing and Machine Learning Index, so no manager is hand-picking which quantum story wins.
• About 90 holdings across global markets, so the theme rides on a basket instead of two or three pure plays.
• Size and liquidity back it up: a multi-billion-dollar fund that trades actively, and one of the stronger implementations in its thematic peer group.

Worth knowing

• IGPT The history before August 2023 belongs to a different strategy: it traded as Invesco Dynamic Software (PSJ) on a US-only Intellidex index until the AI rebuild.sec.gov
• Cheaper ways to own the theme exist, including XAIX at 0.35% and ARTY at 0.47%.
• One theme, global, with emerging-market and smaller names in the mix, so day-to-day swings can run hotter than a broad tech fund.sec.gov

• QTUM Risk is the softest part of the profile. One narrow, early-stage theme in a single asset class means sharper swings than a broad-market fund.
• The index covers machine learning as well as quantum, so part of the basket is familiar AI exposure rather than quantum specialists.
• Distributions come quarterly, but a growth theme like this is not built around income.

Full IGPT profile⁠

Full QTUM profile⁠