AIPO vs. MST

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance AI & Power Infrastructure ETF (AIPO) and Defiance Leveraged Long Income MSTR ETF (MST).

AIPO and MST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIPO is a passively managed fund by Defiance that tracks the performance of the MarketVector™ US Listed AI and Power Infrastructure Index. It was launched on Jul 24, 2025. MST is an actively managed fund by Defiance. It was launched on May 1, 2025.

Performance

AIPO vs. MST - Performance Comparison

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

AIPO vs. MST - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	12.84%	8.68%
MST Defiance Leveraged Long Income MSTR ETF	-39.41%	-86.75%

Returns By Period

In the year-to-date period, AIPO achieves a 12.84% return, which is significantly higher than MST's -39.41% return.

AIPO

• 1D: 4.70%
• 1M: -4.73%
• YTD: 12.84%
• 6M: 10.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MST

• 1D: 4.61%
• 1M: -10.28%
• YTD: -39.41%
• 6M: -86.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPO vs. MST - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than MST's 1.31% expense ratio.

MST

Defiance Leveraged Long Income MSTR ETF

AIPO

Defiance AI & Power Infrastructure ETF

Return for Risk

AIPO vs. MST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Defiance Leveraged Long Income MSTR ETF (MST). 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	MST	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	-0.77	+1.80

Correlation

The correlation between AIPO and MST is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AIPO vs. MST - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than MST's 788.18% yield.

	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
MST Defiance Leveraged Long Income MSTR ETF	788.18%	381.22%

Drawdowns

AIPO vs. MST - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum MST drawdown of -94.99%. Use the drawdown chart below to compare losses from any high point for AIPO and MST.

Drawdown Indicators

	AIPO	MST	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-94.99%	+77.68%
Current Drawdown Current decline from peak	-7.04%	-93.54%	+86.50%
Average Drawdown Average peak-to-trough decline	-5.03%	-56.73%	+51.70%

Volatility

Volatility by Period

	AIPO	MST	Difference
Volatility (1Y) Calculated over the trailing 1-year period	34.05%	122.97%	-88.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.05%	122.97%	-88.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.05%	122.97%	-88.92%