GOLI vs. AIPO

Last updated Jul 2, 2026

GOLI (Defiance Gold Enhanced Options Income ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - GOLI is a Derivative Income fund actively managed by Defiance, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. GOLI is actively managed, while AIPO is passively managed. At a 0.25 correlation, their price movements are largely independent. GOLI charges 0.99%/yr vs 0.69%/yr for AIPO.

Performance

GOLI vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GOLI) 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, GOLI achieves a -11.06% return, which is significantly lower than AIPO's 44.80% return.

GOLI

• 1D: 1.46%
• 1M: -9.25%
• 6M: -11.06%
• YTD: -11.06%
• 1Y: 2.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -4.13%
• 1M: -2.44%
• 6M: 44.80%
• YTD: 44.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOLI vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
GOLI Defiance Gold Enhanced Options Income ETF	-11.06%	14.20%
AIPO Defiance AI & Power Infrastructure ETF	44.80%	9.46%

Correlation

The correlation between GOLI and AIPO is 0.25, 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 25, 2025	0.25

Return for Risk

GOLI vs. AIPO — Risk / Return Rank

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

GOLI

GOLI Risk / Return Rank: 10
GOLI Sharpe Ratio Rank: 10
GOLI Sortino Ratio Rank: 10
GOLI Omega Ratio Rank: 11
GOLI Calmar Ratio Rank: 10
GOLI Martin Ratio Rank: 11

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.

GOLI vs. AIPO - Risk-Adjusted Trends Comparison

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

	GOLI	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.11	—	—
Sortino ratio: Return per unit of downside risk	0.30	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.10	—	—
Martin ratio: Return relative to average drawdown	0.34	—	—

Drawdowns

GOLI vs. AIPO - Drawdown Comparison

The maximum GOLI drawdown since its inception was -25.88%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for GOLI and AIPO.

Drawdown Indicators

	GOLI	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-17.31%	-8.57%
Max Drawdown (1Y) Largest decline over 1 year	-25.88%	—	—
Current Drawdown Current decline from peak	-20.91%	-7.88%	-13.03%
Average Drawdown Average peak-to-trough decline	-4.79%	-4.48%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	—	—

Volatility

Volatility by Period

	GOLI	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.87%	35.78%	-10.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.35%	35.78%	-12.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	35.78%	-12.43%

GOLI vs. AIPO - Expense Ratio Comparison

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

Dividends

GOLI vs. AIPO - Dividend Comparison

GOLI's dividend yield for the trailing twelve months is around 52.65%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
GOLI Defiance Gold Enhanced Options Income ETF	52.65%	37.38%

Frequently Asked Questions

Can I hold both GOLI and AIPO in my portfolio?

GOLI and AIPO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOLI 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, GOLI or AIPO?

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

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

GOLI has the higher dividend yield at 52.65%, compared with 0.01% for AIPO.

What is the main difference between GOLI and AIPO?

GOLI is categorized as Derivative Income, while AIPO is Building & Construction. Their fees differ too: 0.99% for GOLI and 0.69% for AIPO.