AIPO vs. XLK

Last updated Jun 5, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. AIPO charges 0.69%/yr vs 0.08%/yr for XLK.

Performance

AIPO vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 50.90% return, which is significantly higher than XLK's 34.34% return.

AIPO

• 1D: -0.74%
• 1M: 3.63%
• YTD: 50.90%
• 6M: 40.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLK

• 1D: -1.56%
• 1M: 16.63%
• YTD: 34.34%
• 6M: 33.10%
• 1Y: 64.08%
• 3Y*: 33.46%
• 5Y*: 23.44%
• 10Y*: 25.62%

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

AIPO vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	50.90%	8.68%
XLK State Street Technology Select Sector SPDR ETF	34.34%	10.21%

Correlation

The correlation between AIPO and XLK is 0.76, 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	0.76

AIPO vs. XLK - Sectors Allocation Comparison

Sectors	AIPO	XLK
Industrials	57.1%	0.1%
Technology	16.5%	99.7%
Utilities	14.4%	-
Energy	6.9%	0.2%
Financial Services	3.6%	-
Real Estate	1.0%	-
Communication Services	0.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

AIPO vs. XLK — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 82
XLK Sharpe Ratio Rank: 90
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 79
XLK Martin Ratio Rank: 73

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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and State Street Technology Select Sector SPDR ETF (XLK). 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	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.30	0.41	+1.89

Drawdowns

AIPO vs. XLK - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIPO and XLK.

Drawdown Indicators

	AIPO	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-82.05%	+64.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-1.85%	-2.54%	+0.69%
Average Drawdown Average peak-to-trough decline	-4.37%	-34.95%	+30.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.74%	—

Volatility

Volatility by Period

	AIPO	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.02%	20.86%	+13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	24.90%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	24.49%	+9.53%

AIPO vs. XLK - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

AIPO vs. XLK - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than XLK's 0.40% 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%
XLK State Street Technology Select Sector SPDR ETF	0.40%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both AIPO and XLK in my portfolio?

AIPO and XLK have a correlation of 0.76, 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 XLK?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.69% for AIPO.

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

XLK has the higher dividend yield at 0.40%, compared with 0.01% for AIPO.

What is the main difference between AIPO and XLK?

AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Defiance and State Street. Their fees differ too: 0.69% for AIPO and 0.08% for XLK.