ITB vs. AIPO

Last updated Jun 24, 2026

ITB (iShares U.S. Home Construction ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Building & Construction funds - ITB tracks the Dow Jones U.S. Select Home Construction Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. ITB charges 0.38%/yr vs 0.69%/yr for AIPO.

Performance

ITB vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) 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, ITB achieves a 1.43% return, which is significantly lower than AIPO's 49.55% return.

ITB

• 1D: -0.01%
• 1M: 7.17%
• YTD: 1.43%
• 6M: 0.59%
• 1Y: 5.88%
• 3Y*: 6.76%
• 5Y*: 8.33%
• 10Y*: 14.54%

AIPO

• 1D: -4.86%
• 1M: 2.22%
• YTD: 49.55%
• 6M: 45.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITB vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
ITB iShares U.S. Home Construction ETF	1.43%	-3.19%
AIPO Defiance AI & Power Infrastructure ETF	49.55%	9.46%

Correlation

The correlation between ITB 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

ITB vs. AIPO - Sectors Allocation Comparison

Sectors	ITB	AIPO
Consumer Cyclical	71.3%	-
Industrials	19.5%	46.4%
Basic Materials	8.7%	-
Real Estate	0.5%	1.0%
Communication Services	-	0.8%
Consumer Defensive	-	-
Energy	-	6.1%
Financial Services	-	5.3%
Healthcare	-	-
Technology	-	18.9%
Utilities	-	21.2%

Return for Risk

ITB vs. AIPO — Risk / Return Rank

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

ITB

ITB Risk / Return Rank: 11
ITB Sharpe Ratio Rank: 11
ITB Sortino Ratio Rank: 12
ITB Omega Ratio Rank: 12
ITB Calmar Ratio Rank: 11
ITB Martin Ratio Rank: 10

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.

ITB vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.

	ITB	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.56	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.23	—	—
Martin ratio: Return relative to average drawdown	0.43	—	—

Drawdowns

ITB vs. AIPO - Drawdown Comparison

The maximum ITB drawdown since its inception was -86.53%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for ITB and AIPO.

Drawdown Indicators

	ITB	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-86.53%	-17.31%	-69.22%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.10%	—	—
Current Drawdown Current decline from peak	-23.11%	-4.86%	-18.25%
Average Drawdown Average peak-to-trough decline	-37.06%	-4.44%	-32.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.67%	—	—

Volatility

Volatility by Period

	ITB	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	35.59%	-5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.37%	35.59%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.08%	35.59%	-5.51%

ITB vs. AIPO - Expense Ratio Comparison

ITB has a 0.38% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

ITB vs. AIPO - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 0.66%, 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%
ITB iShares U.S. Home Construction ETF	0.66%	1.67%	0.46%	0.48%	0.86%	0.37%	0.46%	0.50%	0.63%	0.28%	0.43%	0.34%

Frequently Asked Questions

Can I hold both ITB and AIPO in my portfolio?

ITB 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, ITB or AIPO?

On fees, ITB is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ITB or AIPO?

ITB is cheaper with a 0.38% expense ratio, compared with 0.69% for AIPO.

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

ITB has the higher dividend yield at 0.66%, compared with 0.01% for AIPO.

What is the main difference between ITB and AIPO?

ITB tracks Dow Jones U.S. Select Home Construction Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.38% for ITB and 0.69% for AIPO.