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AIPO vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AIPO vs. GRID

Last updated Jun 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while GRID is a Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. AIPO charges 0.69%/yr vs 0.70%/yr for GRID.

Performance

AIPO vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AIPO achieves a 52.03% return, which is significantly higher than GRID's 28.91% return.

AIPO

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

GRID

1D
-0.17%
1M
3.85%
YTD
28.91%
6M
29.60%
1Y
51.55%
3Y*
26.27%
5Y*
17.84%
10Y*
19.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPO vs. GRID - Yearly Performance Comparison

2026 (YTD)2025
AIPO
Defiance AI & Power Infrastructure ETF		52.03%8.68%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index		28.91%6.08%

Correlation

The correlation between AIPO and GRID is 0.85, 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 28, 2025

0.85

AIPO vs. GRID - Sectors Allocation Comparison

Sectors
AIPO
GRID

Industrials

57.1%
65.2%

Technology

16.5%
11.0%

Utilities

14.4%
20.4%

Energy

6.9%

-

Financial Services

3.6%

-

Real Estate

1.0%

-

Communication Services

0.5%

-

Basic Materials

-

0.0%

Consumer Cyclical

-

3.5%

Consumer Defensive

-

-

Healthcare

-

-

Industrials

AIPO
57.1%
GRID
65.2%

Technology

AIPO
16.5%
GRID
11.0%

Utilities

AIPO
14.4%
GRID
20.4%

Energy

AIPO
6.9%
GRID

-

Financial Services

AIPO
3.6%
GRID

-

Real Estate

AIPO
1.0%
GRID

-

Communication Services

AIPO
0.5%
GRID

-

Basic Materials

AIPO

-

GRID
0.0%

Consumer Cyclical

AIPO

-

GRID
3.5%

Consumer Defensive

AIPO

-

GRID

-

Healthcare

AIPO

-

GRID

-

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Defiance AI & Power Infrastructure ETF

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

Often compared with AIPO:
AIPO vs. DTCRAIPO vs. TCAIAIPO vs. VOLTAIPO vs. POWRAIPO vs. IVESAIPO vs. AISAIPO vs. IVEP
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. FIWGRID vs. POWRGRID vs. VOLTGRID vs. QCLN

Return for Risk

AIPO vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AIPO
GRID
GRID Risk / Return Rank: 7979
Overall Rank
GRID Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 7676
Sortino Ratio Rank
GRID Omega Ratio Rank: 7474
Omega Ratio Rank
GRID Calmar Ratio Rank: 8282
Calmar Ratio Rank
GRID Martin Ratio Rank: 8282
Martin Ratio Rank
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. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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.

AIPO vs. GRID - Sharpe Ratio Comparison

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Sharpe Ratios by Period

AIPOGRIDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.67

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.85

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.36

0.57

+1.78

Drawdowns

AIPO vs. GRID - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for AIPO and GRID.

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Drawdown Indicators

AIPOGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-17.31%

-40.56%

+23.25%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.73%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.77%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-29.64%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.56%

—

Current Drawdown

Current decline from peak

-1.12%

-1.33%

+0.21%

Average Drawdown

Average peak-to-trough decline

-4.38%

-8.43%

+4.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.09%

—

Volatility

AIPO vs. GRID - Volatility Comparison

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Volatility by Period

AIPOGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

7.95%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.08%

—

Volatility (1Y)

Calculated over the trailing 1-year period

34.09%

19.39%

+14.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.09%

21.00%

+13.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.09%

22.81%

+11.28%

AIPO vs. GRID - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

AIPO vs. GRID - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than GRID's 0.77% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index		0.77%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%

Frequently Asked Questions

AIPO and GRID have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

AIPO is cheaper with a 0.69% expense ratio, compared with 0.70% for GRID.

GRID has the higher dividend yield at 0.77%, compared with 0.01% for AIPO.

AIPO is categorized as Technology Equities, while GRID is Alternative Energy Equities. AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while GRID tracks NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Defiance and First Trust. Their fees differ too: 0.69% for AIPO and 0.70% for GRID.

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