AIPO vs. GLDY

Last updated Jun 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while GLDY is a Derivative Income fund actively managed by Defiance. AIPO is passively managed, while GLDY is actively managed. At a 0.28 correlation, their price movements are largely independent. AIPO charges 0.69%/yr vs 0.99%/yr for GLDY.

Performance

AIPO vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Defiance Gold Enhanced Options Income ETF (GLDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 52.03% return, which is significantly higher than GLDY's -2.30% return.

AIPO

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

GLDY

• 1D: -0.58%
• 1M: -1.38%
• YTD: -2.30%
• 6M: -0.58%
• 1Y: 13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPO vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%
GLDY Defiance Gold Enhanced Options Income ETF	-2.30%	15.05%

Correlation

The correlation between AIPO and GLDY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.28

Return for Risk

AIPO vs. GLDY — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 21
GLDY Sharpe Ratio Rank: 20
GLDY Sortino Ratio Rank: 18
GLDY Omega Ratio Rank: 23
GLDY Calmar Ratio Rank: 23
GLDY Martin Ratio Rank: 21

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. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Defiance Gold Enhanced Options Income ETF (GLDY). 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	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	0.56	+1.80

Drawdowns

AIPO vs. GLDY - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for AIPO and GLDY.

Drawdown Indicators

	AIPO	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-13.43%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.43%	—
Current Drawdown Current decline from peak	-1.12%	-13.12%	+12.00%
Average Drawdown Average peak-to-trough decline	-4.38%	-3.91%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.61%	—

Volatility

Volatility by Period

	AIPO	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.09%	19.87%	+14.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.09%	19.58%	+14.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	19.58%	+14.51%

AIPO vs. GLDY - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than GLDY's 0.99% expense ratio.

Dividends

AIPO vs. GLDY - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than GLDY's 46.42% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
GLDY Defiance Gold Enhanced Options Income ETF	46.42%	37.38%

Frequently Asked Questions

Can I hold both AIPO and GLDY in my portfolio?

AIPO and GLDY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIPO or GLDY?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or GLDY?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.99% for GLDY.

Which ETF pays a higher dividend yield, AIPO or GLDY?

GLDY has the higher dividend yield at 46.42%, compared with 0.01% for AIPO.

What is the main difference between AIPO and GLDY?

AIPO is categorized as Technology Equities, while GLDY is Derivative Income. Their fees differ too: 0.69% for AIPO and 0.99% for GLDY.