IONX vs. AIPO

Last updated Jul 14, 2026

IONX (Defiance Daily Target 2X Long IONQ ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - IONX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. IONX is actively managed, while AIPO is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. IONX charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

IONX vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long IONQ ETF (IONX) 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, IONX achieves a -59.82% return, which is significantly lower than AIPO's 36.75% return.

IONX

• 1D: -18.63%
• 1M: -58.31%
• 6M: -68.26%
• YTD: -59.82%
• 1Y: -72.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -3.14%
• 1M: -3.82%
• 6M: 27.85%
• YTD: 36.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IONX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
IONX Defiance Daily Target 2X Long IONQ ETF	-59.82%	-35.40%
AIPO Defiance AI & Power Infrastructure ETF	36.75%	9.46%

Correlation

The correlation between IONX and AIPO is 0.52, 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	0.52

IONX vs. AIPO - Sectors Allocation Comparison

Sectors	IONX	AIPO
Technology	100.0%	15.0%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	7.4%
Financial Services	-	2.9%
Healthcare	-	-
Industrials	-	47.5%
Real Estate	-	0.9%
Utilities	-	25.3%

Return for Risk

IONX vs. AIPO — Risk / Return Rank

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

IONX

IONX Risk / Return Rank: 7
IONX Sharpe Ratio Rank: 6
IONX Sortino Ratio Rank: 11
IONX Omega Ratio Rank: 10
IONX Calmar Ratio Rank: 3
IONX Martin Ratio Rank: 4

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.

IONX vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) 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.

	IONX	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	—	—
Sortino ratio: Return per unit of downside risk	0.33	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.06	—	—

Drawdowns

IONX vs. AIPO - Drawdown Comparison

The maximum IONX drawdown since its inception was -93.75%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for IONX and AIPO.

Drawdown Indicators

	IONX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-17.31%	-76.44%
Max Drawdown (1Y) Largest decline over 1 year	-93.75%	—	—
Current Drawdown Current decline from peak	-90.84%	-13.00%	-77.84%
Average Drawdown Average peak-to-trough decline	-52.05%	-4.66%	-47.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.75%	—	—

Volatility

Volatility by Period

	IONX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	135.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	185.91%	36.01%	+149.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.41%	36.01%	+162.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.41%	36.01%	+162.40%

IONX vs. AIPO - Expense Ratio Comparison

IONX has a 1.31% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

IONX vs. AIPO - Dividend Comparison

IONX's dividend yield for the trailing twelve months is around 6.35%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
IONX Defiance Daily Target 2X Long IONQ ETF	6.35%	2.55%

Frequently Asked Questions

Can I hold both IONX and AIPO in my portfolio?

IONX and AIPO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IONX 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, IONX or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.31% for IONX.

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

IONX has the higher dividend yield at 6.35%, compared with 0.01% for AIPO.

What is the main difference between IONX and AIPO?

IONX is categorized as Leveraged Equities, while AIPO is Building & Construction. Their fees differ too: 1.31% for IONX and 0.69% for AIPO.