AIPO vs. EKBAX

Last updated Jun 9, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and EKBAX (Allspring Diversified Capital Builder Fund) are both funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while EKBAX is a Diversified Portfolio fund managed by Allspring Global Investments. Their correlation of 0.84 suggests significant overlap in exposure. AIPO charges 0.69%/yr vs 1.10%/yr for EKBAX.

Performance

AIPO vs. EKBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Allspring Diversified Capital Builder Fund (EKBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 42.13% return, which is significantly higher than EKBAX's 29.15% return.

AIPO

• 1D: 0.90%
• 1M: -2.24%
• YTD: 42.13%
• 6M: 32.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EKBAX

• 1D: -5.15%
• 1M: 4.38%
• YTD: 29.15%
• 6M: 28.84%
• 1Y: 54.99%
• 3Y*: 29.78%
• 5Y*: 17.98%
• 10Y*: 15.83%

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

AIPO vs. EKBAX - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	42.13%	9.46%
EKBAX Allspring Diversified Capital Builder Fund	29.15%	11.55%

Correlation

The correlation between AIPO and EKBAX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.84

Return for Risk

AIPO vs. EKBAX — Risk / Return Rank

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

EKBAX

EKBAX Risk / Return Rank: 93
EKBAX Sharpe Ratio Rank: 95
EKBAX Sortino Ratio Rank: 85
EKBAX Omega Ratio Rank: 86
EKBAX Calmar Ratio Rank: 98
EKBAX Martin Ratio Rank: 98

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.

AIPO vs. EKBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Allspring Diversified Capital Builder Fund (EKBAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIPO	EKBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	0.51	+1.38

Drawdowns

AIPO vs. EKBAX - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum EKBAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for AIPO and EKBAX.

Drawdown Indicators

	AIPO	EKBAX	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-55.64%	+38.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.33%	—
Current Drawdown Current decline from peak	-7.56%	-5.79%	-1.77%
Average Drawdown Average peak-to-trough decline	-4.40%	-7.98%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.77%	—

Volatility

Volatility by Period

	AIPO	EKBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.68%	17.27%	+17.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.68%	18.30%	+16.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.68%	17.65%	+17.03%

AIPO vs. EKBAX - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than EKBAX's 1.10% expense ratio.

Dividends

AIPO vs. EKBAX - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than EKBAX's 7.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EKBAX Allspring Diversified Capital Builder Fund	7.45%	9.61%	5.28%	6.16%	12.50%	6.89%	2.03%	9.49%	7.14%	6.20%	10.05%	11.47%

Frequently Asked Questions

Can I hold both AIPO and EKBAX in my portfolio?

AIPO and EKBAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.