AIPO vs. SPYT

Last updated Jun 4, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and SPYT (Defiance S&P 500 Income Target ETF) are both exchange-traded funds - AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while SPYT is a Derivative Income fund actively managed by Defiance. AIPO is passively managed, while SPYT is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. AIPO charges 0.69%/yr vs 0.87%/yr for SPYT.

Performance

AIPO vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Defiance S&P 500 Income Target ETF (SPYT). 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 SPYT's 9.70% return.

AIPO

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

SPYT

• 1D: -0.68%
• 1M: 3.81%
• YTD: 9.70%
• 6M: 9.51%
• 1Y: 23.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPO vs. SPYT - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%
SPYT Defiance S&P 500 Income Target ETF	9.70%	6.06%

Correlation

The correlation between AIPO and SPYT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.70

AIPO vs. SPYT - Sectors Allocation Comparison

Sectors	AIPO	SPYT
Industrials	57.1%	8.1%
Technology	16.5%	36.2%
Utilities	14.4%	2.3%
Energy	6.9%	3.5%
Financial Services	3.6%	11.9%
Real Estate	1.0%	1.9%
Communication Services	0.5%	10.9%
Basic Materials	-	1.8%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Healthcare	-	8.4%

Return for Risk

AIPO vs. SPYT — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 65
SPYT Sharpe Ratio Rank: 63
SPYT Sortino Ratio Rank: 63
SPYT Omega Ratio Rank: 70
SPYT Calmar Ratio Rank: 58
SPYT Martin Ratio Rank: 72

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. SPYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Defiance S&P 500 Income Target ETF (SPYT). 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	SPYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	1.08	+1.27

Drawdowns

AIPO vs. SPYT - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum SPYT drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for AIPO and SPYT.

Drawdown Indicators

	AIPO	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-18.25%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.00%	—
Current Drawdown Current decline from peak	-1.12%	-0.68%	-0.44%
Average Drawdown Average peak-to-trough decline	-4.38%	-2.00%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	AIPO	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.09%	10.86%	+23.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.09%	14.80%	+19.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	14.80%	+19.29%

AIPO vs. SPYT - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than SPYT's 0.87% expense ratio.

Dividends

AIPO vs. SPYT - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than SPYT's 20.73% yield.

Position	TTM	2025	2024
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.73%	21.40%	17.37%

Frequently Asked Questions

Can I hold both AIPO and SPYT in my portfolio?

AIPO and SPYT have a correlation of 0.70, 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 SPYT?

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 SPYT?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.87% for SPYT.

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

SPYT has the higher dividend yield at 20.73%, compared with 0.01% for AIPO.

What is the main difference between AIPO and SPYT?

AIPO is categorized as Technology Equities, while SPYT is Derivative Income. Their fees differ too: 0.69% for AIPO and 0.87% for SPYT.