AVGX vs. AIPO
AVGX (Defiance Daily Target 2X Long AVGO ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - AVGX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. AVGX is actively managed, while AIPO is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. AVGX charges 1.29%/yr vs 0.69%/yr for AIPO.
Performance
AVGX vs. AIPO - Performance Comparison
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Returns By Period
In the year-to-date period, AVGX achieves a 69.89% return, which is significantly higher than AIPO's 52.03% return.
AVGX
- 1D
- -0.83%
- 1M
- 29.49%
- YTD
- 69.89%
- 6M
- 35.83%
- 1Y
- 156.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIPO
- 1D
- -1.12%
- 1M
- 6.63%
- YTD
- 52.03%
- 6M
- 45.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGX vs. AIPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGX Defiance Daily Target 2X Long AVGO ETF | 69.89% | 21.75% |
AIPO Defiance AI & Power Infrastructure ETF | 52.03% | 8.68% |
Correlation
The correlation between AVGX and AIPO is 0.60, 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 | 0.60 |
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Return for Risk
AVGX vs. AIPO — Risk / Return Rank
AVGX
AIPO
AVGX vs. AIPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AVGO ETF (AVGX) 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.
| AVGX | AIPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | — | — |
| Martin ratioReturn relative to average drawdown | 6.49 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGX | AIPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 2.36 | -1.14 |
Drawdowns
AVGX vs. AIPO - Drawdown Comparison
The maximum AVGX drawdown since its inception was -70.97%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for AVGX and AIPO.
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Drawdown Indicators
| AVGX | AIPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -17.31% | -53.66% |
Max Drawdown (1Y)Largest decline over 1 year | -54.09% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.12% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -4.38% | -18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | — | — |
Volatility
AVGX vs. AIPO - Volatility Comparison
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Volatility by Period
| AVGX | AIPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 61.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.97% | 34.09% | +51.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.65% | 34.09% | +70.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.65% | 34.09% | +70.56% |
AVGX vs. AIPO - Expense Ratio Comparison
AVGX has a 1.29% expense ratio, which is higher than AIPO's 0.69% expense ratio.
Dividends
AVGX vs. AIPO - Dividend Comparison
AVGX's dividend yield for the trailing twelve months is around 0.97%, more than AIPO's 0.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AIPO Defiance AI & Power Infrastructure ETF | 0.01% | 0.01% | 0.00% |
AVGX Defiance Daily Target 2X Long AVGO ETF | 0.97% | 1.65% | 0.81% |
Frequently Asked Questions
AVGX and AIPO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIPO is cheaper with a 0.69% expense ratio, compared with 1.29% for AVGX.
AVGX has the higher dividend yield at 0.97%, compared with 0.01% for AIPO.
AVGX is categorized as Leveraged Equities, while AIPO is Technology Equities. Their fees differ too: 1.29% for AVGX and 0.69% for AIPO.
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