AIPO vs. IAK

Last updated Aug 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past year, AIPO returned 46.89% vs 19.67% for IAK. Their -0.22 correlation means they have often moved in opposite directions in the past. AIPO charges 0.69%/yr vs 0.38%/yr for IAK.

Performance

AIPO vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and iShares U.S. Insurance ETF (IAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 33.86% return, which is significantly higher than IAK's 10.11% return.

AIPO

• 1D: 3.42%
• 1M: -4.58%
• 6M: 20.17%
• YTD: 33.86%
• 1Y: 46.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.22%

IAK

• 1D: 0.03%
• 1M: -0.03%
• 6M: 12.56%
• YTD: 10.11%
• 1Y: 19.67%
• 3Y*: 19.67%
• 5Y*: 15.99%
• 10Y*: 13.18%
• ALL TIME*: 7.39%

*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	$42.27M	$38.04M	$47.00M
IAK iShares U.S. Insurance ETF	$15.27M	$20.59M	$12.29M

AIPO vs. IAK - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	33.86%	9.46%
IAK iShares U.S. Insurance ETF	10.11%	6.73%

Correlation

The correlation between AIPO and IAK is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	-0.22

AIPO vs. IAK - Sectors Allocation Comparison

Sectors	AIPO	IAK
Industrials	58.0%	-
Technology	15.7%	-
Utilities	15.3%	-
Energy	6.8%	-
Financial Services	2.9%	99.3%
Real Estate	0.9%	-
Consumer Cyclical	0.7%	-
Communication Services	0.5%	-
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	0.7%

Return for Risk

AIPO vs. IAK — Risk / Return Rank

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

AIPO

AIPO Risk / Return Rank: 50
AIPO Sharpe Ratio Rank: 50
AIPO Sortino Ratio Rank: 47
AIPO Omega Ratio Rank: 47
AIPO Calmar Ratio Rank: 53
AIPO Martin Ratio Rank: 54

IAK

IAK Risk / Return Rank: 54
IAK Sharpe Ratio Rank: 49
IAK Sortino Ratio Rank: 49
IAK Omega Ratio Rank: 47
IAK Calmar Ratio Rank: 72
IAK Martin Ratio Rank: 52

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. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and iShares U.S. Insurance ETF (IAK). 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	IAK	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.24	+0.02
Sortino ratio: Return per unit of downside risk	1.74	1.81	-0.07
Omega ratio: Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	1.93	2.59	-0.66
Martin ratio: Return relative to average drawdown	6.41	6.29	+0.12

AIPO vs. IAK - Sharpe Ratio Comparison

The current AIPO Sharpe Ratio is 1.26, which is comparable to the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of AIPO and IAK, 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. IAK - Drawdown Comparison

The maximum AIPO drawdown since its inception was -24.36%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for AIPO and IAK.

Drawdown Indicators

	AIPO	IAK	Difference
Max Drawdown Largest peak-to-trough decline	-24.36%	-77.38%	+53.02%
Max Drawdown (1Y) Largest decline over 1 year	-24.36%	-7.62%	-16.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.95%	—
Current Drawdown Current decline from peak	-14.84%	-3.20%	-11.64%
Average Drawdown Average peak-to-trough decline	-5.31%	-16.01%	+10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	3.13%	+4.20%

Volatility

AIPO vs. IAK - Volatility Comparison

Defiance AI & Power Infrastructure ETF (AIPO) has a higher volatility of 14.74% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that AIPO's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPO	IAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.74%	6.56%	+8.18%
Volatility (6M) Calculated over the trailing 6-month period	29.87%	12.42%	+17.45%
Volatility (1Y) Calculated over the trailing 1-year period	37.61%	15.99%	+21.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	18.13%	+19.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.27%	20.92%	+16.35%

AIPO vs. IAK - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

AIPO vs. IAK - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than IAK's 2.42% 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%
IAK iShares U.S. Insurance ETF	2.42%	1.69%	1.49%	1.44%	1.69%	2.26%	2.07%	1.84%	2.33%	1.62%	1.68%	1.62%

Frequently Asked Questions

Can I hold both AIPO and IAK in my portfolio?

AIPO and IAK have a correlation of -0.23, 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 IAK?

AIPO has higher volatility (14.74%) compared to IAK (6.56%). In terms of maximum drawdown, AIPO dropped -24.36% vs IAK's -77.38%.

Which ETF is better, AIPO or IAK?

On 1-year performance, AIPO leads with 46.89% vs 19.67% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIPO or IAK?

Over the 1-year period, AIPO has performed better with a 46.89% return vs 19.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIPO or IAK?

IAK is cheaper with a 0.38% expense ratio, compared with 0.69% for AIPO.

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

IAK has the higher dividend yield at 2.42%, compared with 0.01% for AIPO.

What is the main difference between AIPO and IAK?

AIPO is categorized as Artificial Intelligence, while IAK is Financials Equities. AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.69% for AIPO and 0.38% for IAK.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.26 vs 1.24), 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.