AIRR vs. AIPO

Last updated Jun 24, 2026

AIRR (First Trust RBA American Industrial Renaissance ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Building & Construction funds - AIRR tracks the Richard Bernstein Advisors American Industrial Renaissance Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.69% expense ratio.

Performance

AIRR vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA American Industrial Renaissance ETF (AIRR) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRR achieves a 31.81% return, which is significantly lower than AIPO's 49.55% return.

AIRR

• 1D: -2.80%
• 1M: 3.57%
• YTD: 31.81%
• 6M: 27.48%
• 1Y: 63.63%
• 3Y*: 36.68%
• 5Y*: 25.97%
• 10Y*: 22.05%

AIPO

• 1D: -4.86%
• 1M: 2.22%
• YTD: 49.55%
• 6M: 45.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIRR vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
AIRR First Trust RBA American Industrial Renaissance ETF	31.81%	14.49%
AIPO Defiance AI & Power Infrastructure ETF	49.55%	9.46%

Correlation

The correlation between AIRR and AIPO is 0.77, 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 25, 2025	0.77

AIRR vs. AIPO - Sectors Allocation Comparison

Sectors	AIRR	AIPO
Industrials	92.4%	46.4%
Financial Services	6.9%	5.3%
Energy	3.8%	6.1%
Technology	0.7%	18.9%
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	1.0%
Utilities	-	21.2%

Return for Risk

AIRR vs. AIPO — Risk / Return Rank

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

AIRR

AIRR Risk / Return Rank: 79
AIRR Sharpe Ratio Rank: 80
AIRR Sortino Ratio Rank: 73
AIRR Omega Ratio Rank: 67
AIRR Calmar Ratio Rank: 88
AIRR Martin Ratio Rank: 87

AIPO

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

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.

AIRR vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	AIRR	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.13	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.89	—	—
Martin ratio: Return relative to average drawdown	17.83	—	—

Drawdowns

AIRR vs. AIPO - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for AIRR and AIPO.

Drawdown Indicators

	AIRR	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-17.31%	-25.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.37%	—	—
Current Drawdown Current decline from peak	-2.80%	-4.86%	+2.06%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.44%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	—	—

Volatility

Volatility by Period

	AIRR	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.40%	35.59%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	35.59%	-10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.33%	35.59%	-9.26%

AIRR vs. AIPO - Expense Ratio Comparison

Both AIRR and AIPO have an expense ratio of 0.69%.

Dividends

AIRR vs. AIPO - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.13%, more than AIPO's 0.01% 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%
AIRR First Trust RBA American Industrial Renaissance ETF	0.13%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%

Frequently Asked Questions

Can I hold both AIRR and AIPO in my portfolio?

AIRR and AIPO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIRR or AIPO?

Both ETFs have the same 0.69% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIRR or AIPO?

AIRR and AIPO have the same expense ratio: 0.69% per year.

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

AIRR has the higher dividend yield at 0.13%, compared with 0.01% for AIPO.

What is the main difference between AIRR and AIPO?

AIRR tracks Richard Bernstein Advisors American Industrial Renaissance Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: First Trust and Defiance.