AIPO vs. SHLD

Last updated Jun 14, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. AIPO charges 0.69%/yr vs 0.50%/yr for SHLD.

Performance

AIPO vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 42.18% return, which is significantly higher than SHLD's -1.50% return.

AIPO

• 1D: 1.81%
• 1M: -2.51%
• YTD: 42.18%
• 6M: 37.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPO vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	42.18%	9.46%
SHLD Global X Defense Tech ETF	-1.50%	5.42%

Correlation

The correlation between AIPO and SHLD is 0.44, 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 25, 2025	0.44

AIPO vs. SHLD - Sectors Allocation Comparison

Sectors	AIPO	SHLD
Industrials	54.2%	87.8%
Technology	19.8%	12.2%
Utilities	13.5%	-
Energy	6.0%	-
Financial Services	4.8%	-
Real Estate	1.0%	-
Communication Services	0.8%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

AIPO vs. SHLD — Risk / Return Rank

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

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.78	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.52	—
Martin ratio: Return relative to average drawdown	—	1.28	—

Drawdowns

AIPO vs. SHLD - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum SHLD drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for AIPO and SHLD.

Drawdown Indicators

	AIPO	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-20.10%	+2.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.10%	—
Current Drawdown Current decline from peak	-7.53%	-18.20%	+10.67%
Average Drawdown Average peak-to-trough decline	-4.48%	-3.34%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.12%	—

Volatility

Volatility by Period

	AIPO	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.17%	24.55%	+10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.17%	21.29%	+13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.17%	21.29%	+13.88%

AIPO vs. SHLD - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

AIPO vs. SHLD - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both AIPO and SHLD in my portfolio?

AIPO and SHLD have a correlation of 0.44, 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 SHLD?

On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.69% for AIPO.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.01% for AIPO.

What is the main difference between AIPO and SHLD?

AIPO is categorized as Building & Construction, while SHLD is Aerospace & Defense. AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: Defiance and Global X. Their fees differ too: 0.69% for AIPO and 0.50% for SHLD.