DRNL vs. AIPO

Last updated Jun 26, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - DRNL is a Leveraged Equities fund tracking the BITA Pure Drone and Aerial Automation Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

DRNL vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: -10.39%
• 1M: -43.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 0.61%
• 1M: -0.12%
• YTD: 49.68%
• 6M: 45.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-68.51%
AIPO Defiance AI & Power Infrastructure ETF	24.66%

Correlation

The correlation between DRNL and AIPO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 3, 2026	0.49

Return for Risk

DRNL vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) 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.

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

Drawdowns

DRNL vs. AIPO - Drawdown Comparison

The maximum DRNL drawdown since its inception was -70.63%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for DRNL and AIPO.

Drawdown Indicators

	DRNL	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-17.31%	-53.32%
Current Drawdown Current decline from peak	-70.63%	-4.77%	-65.86%
Average Drawdown Average peak-to-trough decline	-39.98%	-4.45%	-35.53%

Volatility

Volatility by Period

	DRNL	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	141.57%	35.45%	+106.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.57%	35.45%	+106.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.57%	35.45%	+106.12%

DRNL vs. AIPO - Expense Ratio Comparison

DRNL has a 1.31% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

DRNL vs. AIPO - Dividend Comparison

DRNL has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRNL and AIPO in my portfolio?

DRNL and AIPO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRNL or AIPO?

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, DRNL or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.31% for DRNL.

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

AIPO has the higher dividend yield at 0.01%, compared with 0.00% for DRNL.

What is the main difference between DRNL and AIPO?

DRNL is categorized as Leveraged Equities, while AIPO is Building & Construction. DRNL tracks BITA Pure Drone and Aerial Automation Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. Their fees differ too: 1.31% for DRNL and 0.69% for AIPO.