AINF.AS vs. AIPO

Last updated Jun 4, 2026

AINF.AS (iShares AI Infrastructure UCITS ETF USD (Acc)) and AIPO (Defiance AI & Power Infrastructure ETF) are both Technology Equities funds - AINF.AS tracks the STOXX Global AI Infrastructure Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. AINF.AS charges 0.35%/yr vs 0.69%/yr for AIPO.

Performance

AINF.AS vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AINF.AS achieves a 60.14% return, which is significantly higher than AIPO's 52.03% return.

AINF.AS

• 1D: 0.12%
• 1M: 27.63%
• YTD: 60.14%
• 6M: 61.51%
• 1Y: 124.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AINF.AS vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
AINF.AS iShares AI Infrastructure UCITS ETF USD (Acc)	60.14%	23.44%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between AINF.AS and AIPO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.60

Return for Risk

AINF.AS vs. AIPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AINF.AS

AINF.AS Risk / Return Rank: 96
AINF.AS Sharpe Ratio Rank: 97
AINF.AS Sortino Ratio Rank: 96
AINF.AS Omega Ratio Rank: 95
AINF.AS Calmar Ratio Rank: 97
AINF.AS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AINF.AS vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) and Defiance AI & Power Infrastructure ETF (AIPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AINF.AS	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	4.96	—	—
Sortino ratio: Return per unit of downside risk	5.67	—	—
Omega ratio: Gain probability vs. loss probability	1.75	—	—
Calmar ratio: Return relative to maximum drawdown	10.36	—	—
Martin ratio: Return relative to average drawdown	34.07	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AINF.AS	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.67	2.36	+0.31

Drawdowns

AINF.AS vs. AIPO - Drawdown Comparison

The maximum AINF.AS drawdown since its inception was -27.26%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for AINF.AS and AIPO.

Drawdown Indicators

	AINF.AS	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-27.26%	-17.31%	-9.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	—	—
Current Drawdown Current decline from peak	0.00%	-1.12%	+1.12%
Average Drawdown Average peak-to-trough decline	-4.21%	-4.38%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	—	—

Volatility

Volatility by Period

	AINF.AS	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.60%	34.09%	-9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.91%	34.09%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.91%	34.09%	-6.18%

AINF.AS vs. AIPO - Expense Ratio Comparison

AINF.AS has a 0.35% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

AINF.AS vs. AIPO - Dividend Comparison

AINF.AS has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025
AINF.AS iShares AI Infrastructure UCITS ETF USD (Acc)	0.00%	0.00%
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%

Frequently Asked Questions

Can I hold both AINF.AS and AIPO in my portfolio?

AINF.AS and AIPO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AINF.AS or AIPO?

On fees, AINF.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AINF.AS or AIPO?

AINF.AS is cheaper with a 0.35% expense ratio, compared with 0.69% for AIPO.

What is the main difference between AINF.AS and AIPO?

AINF.AS tracks STOXX Global AI Infrastructure Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.35% for AINF.AS and 0.69% for AIPO.