GLDY vs. AIPO

Last updated Jun 4, 2026

GLDY (Defiance Gold Enhanced Options Income ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - GLDY is a Derivative Income fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. GLDY is actively managed, while AIPO is passively managed. At a 0.28 correlation, their price movements are largely independent. GLDY charges 0.99%/yr vs 0.69%/yr for AIPO.

Performance

GLDY vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GLDY) 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, GLDY achieves a -2.30% return, which is significantly lower than AIPO's 52.03% return.

GLDY

• 1D: -0.58%
• 1M: -1.38%
• YTD: -2.30%
• 6M: -0.58%
• 1Y: 13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDY vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
GLDY Defiance Gold Enhanced Options Income ETF	-2.30%	15.05%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between GLDY and AIPO is 0.28, 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 Jul 28, 2025	0.28

Return for Risk

GLDY vs. AIPO — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 21
GLDY Sharpe Ratio Rank: 20
GLDY Sortino Ratio Rank: 18
GLDY Omega Ratio Rank: 23
GLDY Calmar Ratio Rank: 23
GLDY Martin Ratio Rank: 21

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.

GLDY vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) 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.

	GLDY	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.03	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—
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

	GLDY	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	2.36	-1.80

Drawdowns

GLDY vs. AIPO - Drawdown Comparison

The maximum GLDY drawdown since its inception was -13.43%, smaller than the maximum AIPO drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for GLDY and AIPO.

Drawdown Indicators

	GLDY	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-13.43%	-17.31%	+3.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	-13.12%	-1.12%	-12.00%
Average Drawdown Average peak-to-trough decline	-3.91%	-4.38%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.61%	—	—

Volatility

Volatility by Period

	GLDY	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	34.09%	-14.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	34.09%	-14.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	34.09%	-14.51%

GLDY vs. AIPO - Expense Ratio Comparison

GLDY has a 0.99% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

GLDY vs. AIPO - Dividend Comparison

GLDY's dividend yield for the trailing twelve months is around 46.42%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
GLDY Defiance Gold Enhanced Options Income ETF	46.42%	37.38%

Frequently Asked Questions

Can I hold both GLDY and AIPO in my portfolio?

GLDY and AIPO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDY 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, GLDY or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.99% for GLDY.

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

GLDY has the higher dividend yield at 46.42%, compared with 0.01% for AIPO.

What is the main difference between GLDY and AIPO?

GLDY is categorized as Derivative Income, while AIPO is Technology Equities. Their fees differ too: 0.99% for GLDY and 0.69% for AIPO.