AIPI vs. PNNT
AIPI (REX AI Equity Premium Income ETF) is Derivative Income fund actively managed by REX, while PNNT (PennantPark Investment Corporation) is a stock. Over the past year, AIPI returned 22.46% vs -33.82% for PNNT. At a 0.34 correlation, their price movements are largely independent.
Performance
AIPI vs. PNNT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIPI achieves a 6.90% return, which is significantly higher than PNNT's -29.84% return.
AIPI
- 1D
- -0.32%
- 1M
- 3.48%
- YTD
- 6.90%
- 6M
- 6.01%
- 1Y
- 22.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
AIPI vs. PNNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIPI REX AI Equity Premium Income ETF | 6.90% | 16.38% | 15.79% |
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 1.27% |
Correlation
The correlation between AIPI and PNNT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIPI vs. PNNT — Risk / Return Rank
AIPI
PNNT
AIPI vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and PennantPark Investment Corporation (PNNT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIPI | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.78 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.80 | +2.36 |
| Martin ratioReturn relative to average drawdown | 4.82 | -1.65 | +6.47 |
Loading charts...
Drawdowns
AIPI vs. PNNT - Drawdown Comparison
The maximum AIPI drawdown since its inception was -25.25%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for AIPI and PNNT.
Loading charts...
Drawdown Indicators
| AIPI | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.25% | -82.16% | +56.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.40% | -42.61% | +28.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.14% | — |
Current DrawdownCurrent decline from peak | -4.20% | -40.28% | +36.08% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -15.29% | +10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 20.58% | -15.91% |
Volatility
AIPI vs. PNNT - Volatility Comparison
The current volatility for REX AI Equity Premium Income ETF (AIPI) is 5.30%, while PennantPark Investment Corporation (PNNT) has a volatility of 9.97%. This indicates that AIPI experiences smaller price fluctuations and is considered to be less risky than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIPI | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 9.97% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.53% | 23.95% | -10.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 27.06% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 23.79% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 32.76% | -11.34% |
Dividends
AIPI vs. PNNT - Dividend Comparison
AIPI's dividend yield for the trailing twelve months is around 36.97%, more than PNNT's 24.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIPI REX AI Equity Premium Income ETF | 36.97% | 37.84% | 18.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Frequently Asked Questions
AIPI and PNNT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.97%) compared to AIPI (5.30%). In terms of maximum drawdown, AIPI dropped -25.25% vs PNNT's -82.16%.
AIPI currently has the higher Sharpe Ratio (1.38 vs -1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AIPI and PNNT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer