DFNV vs. AIS

Last updated Aug 4, 2026

DFNV (TrimTabs Donoghue Forlines Risk Managed Innovation ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - DFNV is a Technology Equities fund tracking the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index, while AIS is a Artificial Intelligence fund actively managed by VistaShares. DFNV is passively managed, while AIS is actively managed. Over the past year, DFNV returned 8.91% vs 125.16% for AIS. Their 0.48 correlation means their historical movements had little consistent relationship. DFNV charges 0.69%/yr vs 0.75%/yr for AIS.

Performance

DFNV vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFNV achieves a 5.19% return, which is significantly lower than AIS's 72.78% return.

DFNV

• 1D: 1.41%
• 1M: 3.25%
• 6M: 13.45%
• YTD: 5.19%
• 1Y: 8.91%
• 3Y*: 18.30%
• 5Y*: 8.34%
• 10Y*: —
• ALL TIME*: 10.69%

AIS

• 1D: 2.42%
• 1M: -12.08%
• 6M: 49.99%
• YTD: 72.78%
• 1Y: 125.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 77.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIS VistaShares Artificial Intelligence Supercycle ETF	$38.16M	$40.99M	$51.37M
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	$4.83K	$15.31K	$12.56K

DFNV vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	5.19%	8.42%	-1.62%
AIS VistaShares Artificial Intelligence Supercycle ETF	72.78%	58.35%	-4.74%

Correlation

The correlation between DFNV and AIS is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.48

The correlation between DFNV and AIS shifts across timeframes, from 0.31 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

DFNV vs. AIS - Sectors Allocation Comparison

Sectors	DFNV	AIS
Technology	60.9%	87.2%
Healthcare	16.2%	-
Communication Services	12.0%	-
Consumer Cyclical	9.0%	-
Industrials	1.9%	6.8%
Basic Materials	-	-
Consumer Defensive	-	0.3%
Energy	-	-
Financial Services	-	-0.0%
Real Estate	-	-
Utilities	-	2.9%

Return for Risk

DFNV vs. AIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFNV

DFNV Risk / Return Rank: 20
DFNV Sharpe Ratio Rank: 21
DFNV Sortino Ratio Rank: 21
DFNV Omega Ratio Rank: 21
DFNV Calmar Ratio Rank: 17
DFNV Martin Ratio Rank: 17

AIS

AIS Risk / Return Rank: 89
AIS Sharpe Ratio Rank: 94
AIS Sortino Ratio Rank: 85
AIS Omega Ratio Rank: 87
AIS Calmar Ratio Rank: 88
AIS Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFNV vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	DFNV	AIS	Difference
Sharpe ratio: Return per unit of total volatility	0.47	2.64	-2.17
Sortino ratio: Return per unit of downside risk	0.77	2.87	-2.10
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.30
Calmar ratio: Return relative to maximum drawdown	0.42	3.66	-3.24
Martin ratio: Return relative to average drawdown	0.97	14.88	-13.91

DFNV vs. AIS - Sharpe Ratio Comparison

The current DFNV Sharpe Ratio is 0.47, which is lower than the AIS Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of DFNV and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFNV vs. AIS - Drawdown Comparison

The maximum DFNV drawdown since its inception was -29.71%, smaller than the maximum AIS drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for DFNV and AIS.

Drawdown Indicators

	DFNV	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-34.44%	+4.73%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-34.44%	+12.90%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	—	—
Current Drawdown Current decline from peak	-1.86%	-26.18%	+24.32%
Average Drawdown Average peak-to-trough decline	-9.36%	-6.35%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	8.44%	+0.81%

Volatility

DFNV vs. AIS - Volatility Comparison

The current volatility for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) is 5.92%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 20.84%. This indicates that DFNV experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFNV	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	20.84%	-14.92%
Volatility (6M) Calculated over the trailing 6-month period	15.91%	43.14%	-27.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	47.84%	-28.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	43.98%	-24.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	43.98%	-24.21%

DFNV vs. AIS - Expense Ratio Comparison

DFNV has a 0.69% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

DFNV vs. AIS - Dividend Comparison

DFNV's dividend yield for the trailing twelve months is around 0.33%, while AIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	0.33%	0.38%	1.28%	0.77%	1.20%	4.77%	0.02%

Frequently Asked Questions

Can I hold both DFNV and AIS in my portfolio?

DFNV and AIS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFNV or AIS?

AIS has higher volatility (20.84%) compared to DFNV (5.92%). In terms of maximum drawdown, DFNV dropped -29.71% vs AIS's -34.44%.

Which ETF is better, DFNV or AIS?

On 1-year performance, AIS leads with 125.16% vs 8.91% for DFNV. On fees, DFNV is cheaper at 0.69% per year. On volatility, DFNV has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFNV or AIS?

Over the 1-year period, AIS has performed better with a 125.16% return vs 8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFNV or AIS?

DFNV is cheaper with a 0.69% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, DFNV or AIS?

DFNV has the higher dividend yield at 0.33%, compared with 0.00% for AIS.

What is the main difference between DFNV and AIS?

DFNV is categorized as Technology Equities, while AIS is Artificial Intelligence. They also come from different issuers: TrimTabs and VistaShares. Their fees differ too: 0.69% for DFNV and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (2.64 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.