ELFY vs. AIPO

Last updated Jun 3, 2026

ELFY (ALPS Electrification Infrastructure ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - ELFY is a Utilities Equities fund tracking the Ladenburg Thalmann Electrification Infrastructure Index, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. ELFY charges 0.50%/yr vs 0.69%/yr for AIPO.

Performance

ELFY vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Electrification Infrastructure ETF (ELFY) 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, ELFY achieves a 29.94% return, which is significantly lower than AIPO's 53.75% return.

ELFY

• 1D: 3.42%
• 1M: 3.55%
• YTD: 29.94%
• 6M: 28.11%
• 1Y: 50.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 3.59%
• 1M: 8.38%
• YTD: 53.75%
• 6M: 48.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELFY vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ELFY ALPS Electrification Infrastructure ETF	29.94%	5.09%
AIPO Defiance AI & Power Infrastructure ETF	53.75%	8.68%

Correlation

The correlation between ELFY and AIPO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.89

ELFY vs. AIPO - Sectors Allocation Comparison

Sectors	ELFY	AIPO
Utilities	33.9%	14.4%
Industrials	31.3%	57.1%
Technology	18.1%	16.5%
Energy	13.1%	6.9%
Basic Materials	3.6%	-
Consumer Cyclical	0.5%	-
Communication Services	-	0.5%
Consumer Defensive	-	-
Financial Services	-	3.6%
Healthcare	-	-
Real Estate	-	1.0%

Return for Risk

ELFY vs. AIPO — Risk / Return Rank

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

ELFY

ELFY Risk / Return Rank: 82
ELFY Sharpe Ratio Rank: 81
ELFY Sortino Ratio Rank: 77
ELFY Omega Ratio Rank: 74
ELFY Calmar Ratio Rank: 92
ELFY Martin Ratio Rank: 88

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.

ELFY vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Electrification Infrastructure ETF (ELFY) 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.

	ELFY	AIPO	Difference
Sharpe ratio Return per unit of total volatility	2.69	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	6.10	—	—
Martin ratio Return relative to average drawdown	19.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ELFY	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.42	2.44	+0.98

Drawdowns

ELFY vs. AIPO - Drawdown Comparison

The maximum ELFY drawdown since its inception was -8.37%, smaller than the maximum AIPO drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for ELFY and AIPO.

Drawdown Indicators

	ELFY	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-8.37%	-17.31%	+8.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.37%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.60%	-4.40%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	ELFY	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	34.13%	-15.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	34.13%	-15.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	34.13%	-15.12%

ELFY vs. AIPO - Expense Ratio Comparison

ELFY has a 0.50% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

ELFY vs. AIPO - Dividend Comparison

ELFY's dividend yield for the trailing twelve months is around 0.81%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
ELFY ALPS Electrification Infrastructure ETF	0.81%	0.76%

Frequently Asked Questions

Can I hold both ELFY and AIPO in my portfolio?

ELFY and AIPO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELFY or AIPO?

On fees, ELFY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELFY or AIPO?

ELFY is cheaper with a 0.50% expense ratio, compared with 0.69% for AIPO.

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

ELFY has the higher dividend yield at 0.81%, compared with 0.01% for AIPO.

What is the main difference between ELFY and AIPO?

ELFY is categorized as Utilities Equities, while AIPO is Technology Equities. ELFY tracks Ladenburg Thalmann Electrification Infrastructure Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: ALPS and Defiance. Their fees differ too: 0.50% for ELFY and 0.69% for AIPO.