ELFY vs. AIPO

Last updated Aug 2, 2026

ELFY (ALPS Electrification Infrastructure ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - ELFY is a Infrastructure Equities fund tracking the Ladenburg Thalmann Electrification Infrastructure Index, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, ELFY returned 22.14% vs 42.03% for AIPO. Their correlation of 0.90 means they have usually moved in the same direction. 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 16.38% return, which is significantly lower than AIPO's 29.43% return.

ELFY

• 1D: 0.09%
• 1M: -5.18%
• 6M: 7.95%
• YTD: 16.38%
• 1Y: 22.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 41.11%

AIPO

• 1D: 0.63%
• 1M: -7.73%
• 6M: 16.62%
• YTD: 29.43%
• 1Y: 42.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 40.92%

*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)
AIPO Defiance AI & Power Infrastructure ETF	$40.86M	$38.41M	$47.30M
ELFY ALPS Electrification Infrastructure ETF	$1.92M	$2.39M	$2.21M

ELFY vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ELFY ALPS Electrification Infrastructure ETF	16.38%	6.32%
AIPO Defiance AI & Power Infrastructure ETF	29.43%	9.46%

Correlation

The correlation between ELFY and AIPO is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.90

The correlation between ELFY and AIPO has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

ELFY vs. AIPO - Sectors Allocation Comparison

Sectors	ELFY	AIPO
Utilities	40.0%	15.3%
Industrials	26.0%	58.0%
Energy	16.0%	6.8%
Technology	12.8%	15.7%
Basic Materials	4.4%	-
Consumer Cyclical	0.6%	0.7%
Financial Services	0.1%	2.9%
Communication Services	-	0.5%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	0.9%

Return for Risk

ELFY vs. AIPO — Risk / Return Rank

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

ELFY

ELFY Risk / Return Rank: 43
ELFY Sharpe Ratio Rank: 41
ELFY Sortino Ratio Rank: 40
ELFY Omega Ratio Rank: 39
ELFY Calmar Ratio Rank: 43
ELFY Martin Ratio Rank: 49

AIPO

AIPO Risk / Return Rank: 43
AIPO Sharpe Ratio Rank: 42
AIPO Sortino Ratio Rank: 42
AIPO Omega Ratio Rank: 41
AIPO Calmar Ratio Rank: 45
AIPO Martin Ratio Rank: 47

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.

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.

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.

	ELFY	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.05	-0.03
Sortino ratio: Return per unit of downside risk	1.50	1.53	-0.03
Omega ratio: Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio: Return relative to maximum drawdown	1.56	1.61	-0.06
Martin ratio: Return relative to average drawdown	5.72	5.40	+0.33

ELFY vs. AIPO - Sharpe Ratio Comparison

The current ELFY Sharpe Ratio is 1.02, which is comparable to the AIPO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ELFY and AIPO, 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

ELFY vs. AIPO - Drawdown Comparison

The maximum ELFY drawdown since its inception was -13.61%, smaller than the maximum AIPO drawdown of -24.36%. 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	-13.61%	-24.36%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	-24.36%	+10.75%
Current Drawdown Current decline from peak	-10.44%	-17.66%	+7.22%
Average Drawdown Average peak-to-trough decline	-2.10%	-5.28%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	7.27%	-3.58%

Volatility

ELFY vs. AIPO - Volatility Comparison

The current volatility for ALPS Electrification Infrastructure ETF (ELFY) is 6.67%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.51%. This indicates that ELFY experiences smaller price fluctuations and is considered to be less risky than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFY	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	14.51%	-7.84%
Volatility (6M) Calculated over the trailing 6-month period	17.06%	29.84%	-12.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	37.46%	-16.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	37.20%	-17.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	37.20%	-17.14%

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 1.05%, 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	1.05%	0.76%

Frequently Asked Questions

Can I hold both ELFY and AIPO in my portfolio?

With a correlation of 0.90, ELFY and AIPO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ELFY or AIPO?

AIPO has higher volatility (14.51%) compared to ELFY (6.67%). In terms of maximum drawdown, ELFY dropped -13.61% vs AIPO's -24.36%.

Which ETF is better, ELFY or AIPO?

On 1-year performance, AIPO leads with 42.03% vs 22.14% for ELFY. On fees, ELFY is cheaper at 0.50% per year. On volatility, ELFY has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELFY or AIPO?

Over the 1-year period, AIPO has performed better with a 42.03% return vs 22.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 1.05%, compared with 0.01% for AIPO.

What is the main difference between ELFY and AIPO?

ELFY is categorized as Infrastructure Equities, while AIPO is Artificial Intelligence. 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.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.05 vs 1.02), 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.