GDV vs. AIPO

Last updated Jul 17, 2026

GDV (The Gabelli Dividend and Income Trust) and AIPO (Defiance AI & Power Infrastructure ETF) are both funds - GDV is a Dividend fund managed by Gabelli Funds, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. A 0.57 correlation means they provide meaningful diversification when combined. GDV charges 0.01%/yr vs 0.69%/yr for AIPO.

Performance

GDV vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Dividend and Income Trust (GDV) 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, GDV achieves a 10.92% return, which is significantly lower than AIPO's 32.32% return.

GDV

• 1D: -0.30%
• 1M: 1.88%
• 6M: 8.23%
• YTD: 10.92%
• 1Y: 20.52%
• 3Y*: 18.48%
• 5Y*: 9.26%
• 10Y*: 10.93%

AIPO

• 1D: -4.06%
• 1M: -9.52%
• 6M: 21.25%
• YTD: 32.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDV vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
GDV The Gabelli Dividend and Income Trust	10.92%	7.55%
AIPO Defiance AI & Power Infrastructure ETF	32.32%	9.46%

Correlation

The correlation between GDV and AIPO is 0.57, 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 25, 2025	0.57

Return for Risk

GDV vs. AIPO — Risk / Return Rank

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

GDV

GDV Risk / Return Rank: 57
GDV Sharpe Ratio Rank: 61
GDV Sortino Ratio Rank: 58
GDV Omega Ratio Rank: 62
GDV Calmar Ratio Rank: 46
GDV Martin Ratio Rank: 56

AIPO

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

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.

GDV vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gabelli Dividend and Income Trust (GDV) 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.

	GDV	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.11	—	—
Martin ratio: Return relative to average drawdown	9.00	—	—

Drawdowns

GDV vs. AIPO - Drawdown Comparison

The maximum GDV drawdown since its inception was -68.88%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for GDV and AIPO.

Drawdown Indicators

	GDV	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-68.88%	-17.31%	-51.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.09%	—	—
Current Drawdown Current decline from peak	-0.30%	-15.82%	+15.52%
Average Drawdown Average peak-to-trough decline	-9.25%	-4.77%	-4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	—	—

Volatility

Volatility by Period

	GDV	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	36.08%	-24.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	36.08%	-19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	36.08%	-14.46%

GDV vs. AIPO - Expense Ratio Comparison

GDV has a 0.01% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

GDV vs. AIPO - Dividend Comparison

GDV's dividend yield for the trailing twelve months is around 5.83%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDV The Gabelli Dividend and Income Trust	5.83%	6.05%	5.47%	6.10%	6.84%	5.11%	6.15%	6.01%	7.21%	5.64%	6.59%	6.72%

Frequently Asked Questions

Can I hold both GDV and AIPO in my portfolio?

GDV and AIPO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.