AIPO vs. FSUTX

Last updated Aug 6, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and FSUTX (Fidelity Select Utilities Portfolio) are both funds - AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while FSUTX is a Utilities Equities fund actively managed by Fidelity. AIPO is passively managed, while FSUTX is actively managed. Over the past year, AIPO returned 47.44% vs 3.88% for FSUTX. Their 0.49 correlation means their historical movements had little consistent relationship. AIPO charges 0.69%/yr vs 0.74%/yr for FSUTX.

Performance

AIPO vs. FSUTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Fidelity Select Utilities Portfolio (FSUTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 36.26% return, which is significantly higher than FSUTX's 2.40% return.

AIPO

• 1D: -0.43%
• 1M: -5.55%
• 6M: 26.16%
• YTD: 36.26%
• 1Y: 47.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.46%

FSUTX

• 1D: -1.40%
• 1M: -4.07%
• 6M: 2.46%
• YTD: 2.40%
• 1Y: 3.88%
• 3Y*: 16.65%
• 5Y*: 11.93%
• 10Y*: 11.19%
• ALL TIME*: 11.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$40.92M	$37.68M	$46.01M
FSUTX Fidelity Select Utilities Portfolio	$0.00	$0.00	$0.00

AIPO vs. FSUTX - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	36.26%	9.46%
FSUTX Fidelity Select Utilities Portfolio	2.40%	4.09%

Correlation

The correlation between AIPO and FSUTX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.49

Return for Risk

AIPO vs. FSUTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIPO

AIPO Risk / Return Rank: 45
AIPO Sharpe Ratio Rank: 44
AIPO Sortino Ratio Rank: 41
AIPO Omega Ratio Rank: 41
AIPO Calmar Ratio Rank: 47
AIPO Martin Ratio Rank: 49

FSUTX

FSUTX Risk / Return Rank: 5
FSUTX Sharpe Ratio Rank: 5
FSUTX Sortino Ratio Rank: 5
FSUTX Omega Ratio Rank: 5
FSUTX Calmar Ratio Rank: 6
FSUTX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIPO vs. FSUTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Fidelity Select Utilities Portfolio (FSUTX). 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.

	AIPO	FSUTX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.18	+1.09
Sortino ratio: Return per unit of downside risk	1.76	0.35	+1.41
Omega ratio: Gain probability vs. loss probability	1.22	1.04	+0.18
Calmar ratio: Return relative to maximum drawdown	1.96	0.31	+1.64
Martin ratio: Return relative to average drawdown	6.41	0.64	+5.76

AIPO vs. FSUTX - Sharpe Ratio Comparison

The current AIPO Sharpe Ratio is 1.27, which is higher than the FSUTX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of AIPO and FSUTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIPO vs. FSUTX - Drawdown Comparison

The maximum AIPO drawdown since its inception was -24.36%, smaller than the maximum FSUTX drawdown of -66.73%. Use the drawdown chart below to compare losses from any high point for AIPO and FSUTX.

Drawdown Indicators

	AIPO	FSUTX	Difference
Max Drawdown Largest peak-to-trough decline	-24.36%	-66.73%	+42.37%
Max Drawdown (1Y) Largest decline over 1 year	-24.36%	-9.21%	-15.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.61%	—
Current Drawdown Current decline from peak	-13.32%	-8.48%	-4.84%
Average Drawdown Average peak-to-trough decline	-5.37%	-11.23%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.42%	4.56%	+2.86%

Volatility

AIPO vs. FSUTX - Volatility Comparison

Defiance AI & Power Infrastructure ETF (AIPO) has a higher volatility of 14.01% compared to Fidelity Select Utilities Portfolio (FSUTX) at 4.15%. This indicates that AIPO's price experiences larger fluctuations and is considered to be riskier than FSUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPO	FSUTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	4.15%	+9.86%
Volatility (6M) Calculated over the trailing 6-month period	29.90%	12.87%	+17.03%
Volatility (1Y) Calculated over the trailing 1-year period	37.56%	16.65%	+20.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.19%	17.43%	+19.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.19%	19.44%	+17.75%

AIPO vs. FSUTX - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than FSUTX's 0.74% expense ratio.

Dividends

AIPO vs. FSUTX - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than FSUTX's 5.15% 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%
FSUTX Fidelity Select Utilities Portfolio	5.15%	6.61%	6.50%	3.52%	4.67%	2.68%	4.86%	2.29%	8.37%	5.61%	2.51%	4.47%

Frequently Asked Questions

Can I hold both AIPO and FSUTX in my portfolio?

AIPO and FSUTX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIPO or FSUTX?

AIPO has higher volatility (14.01%) compared to FSUTX (4.15%). In terms of maximum drawdown, AIPO dropped -24.36% vs FSUTX's -66.73%.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.27 vs 0.18), 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.