IONZ vs. AIPO
IONZ (Defiance Daily Target 2X Short IONQ ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - IONZ is a Inverse Equities fund managed by Defiance, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. At a correlation of -0.50, they often move in opposite directions. IONZ charges 1.29%/yr vs 0.69%/yr for AIPO.
Performance
IONZ vs. AIPO - Performance Comparison
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Returns By Period
In the year-to-date period, IONZ achieves a -86.94% return, which is significantly lower than AIPO's 49.68% return.
IONZ
- 1D
- 11.28%
- 1M
- 22.82%
- YTD
- -86.94%
- 6M
- -84.33%
- 1Y
- -97.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIPO
- 1D
- 0.61%
- 1M
- -0.12%
- YTD
- 49.68%
- 6M
- 45.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONZ vs. AIPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IONZ Defiance Daily Target 2X Short IONQ ETF | -86.94% | -74.35% |
AIPO Defiance AI & Power Infrastructure ETF | 49.68% | 9.46% |
Correlation
The correlation between IONZ and AIPO is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | -0.50 |
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Return for Risk
IONZ vs. AIPO — Risk / Return Rank
IONZ
AIPO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IONZ vs. AIPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short IONQ ETF (IONZ) 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.
| IONZ | AIPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.28 | — | — |
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Drawdowns
IONZ vs. AIPO - Drawdown Comparison
The maximum IONZ drawdown since its inception was -98.66%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for IONZ and AIPO.
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Drawdown Indicators
| IONZ | AIPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.66% | -17.31% | -81.35% |
Max Drawdown (1Y)Largest decline over 1 year | -98.48% | — | — |
Current DrawdownCurrent decline from peak | -97.85% | -4.77% | -93.08% |
Average DrawdownAverage peak-to-trough decline | -74.23% | -4.45% | -69.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 78.39% | — | — |
Volatility
IONZ vs. AIPO - Volatility Comparison
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Volatility by Period
| IONZ | AIPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 152.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.36% | 35.45% | +151.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.10% | 35.45% | +151.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.10% | 35.45% | +151.65% |
IONZ vs. AIPO - Expense Ratio Comparison
IONZ has a 1.29% expense ratio, which is higher than AIPO's 0.69% expense ratio.
Dividends
IONZ vs. AIPO - Dividend Comparison
IONZ has not paid dividends to shareholders, while AIPO's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 |
|---|---|---|
AIPO Defiance AI & Power Infrastructure ETF | 0.01% | 0.01% |
IONZ Defiance Daily Target 2X Short IONQ ETF | 0.00% | 0.00% |
Frequently Asked Questions
IONZ and AIPO have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIPO is cheaper with a 0.69% expense ratio, compared with 1.29% for IONZ.
AIPO has the higher dividend yield at 0.01%, compared with 0.00% for IONZ.
IONZ is categorized as Inverse Equities, while AIPO is Building & Construction. Their fees differ too: 1.29% for IONZ and 0.69% for AIPO.
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