IVEP vs. AIPO

Last updated Aug 2, 2026

IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. IVEP charges 0.75%/yr vs 0.69%/yr for AIPO.

Performance

IVEP vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVEP

• 1D: 0.51%
• 1M: -3.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AIPO

• 1D: 0.63%
• 1M: -7.73%
• 6M: 16.62%
• YTD: 29.43%
• 1Y: 42.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 40.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$40.86M	$38.41M	$47.30M
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	$577.50K	$624.15K	$882.90K

IVEP vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	-1.60%
AIPO Defiance AI & Power Infrastructure ETF	12.05%

Correlation

The correlation between IVEP and AIPO is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.92

IVEP vs. AIPO - Sectors Allocation Comparison

Sectors	IVEP	AIPO
Industrials	45.4%	58.0%
Utilities	22.3%	15.3%
Energy	12.5%	6.8%
Real Estate	10.1%	0.9%
Technology	7.6%	15.7%
Basic Materials	2.2%	-
Communication Services	-	0.5%
Consumer Cyclical	-	0.7%
Consumer Defensive	-	-
Financial Services	-	2.9%
Healthcare	-	-

Return for Risk

IVEP vs. AIPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AIPO

AIPO Risk / Return Rank: 43
AIPO Sharpe Ratio Rank: 42
AIPO Sortino Ratio Rank: 42
AIPO Omega Ratio Rank: 41
AIPO Calmar Ratio Rank: 45
AIPO Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVEP vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) 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.

	IVEP	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.53	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.61	—
Martin ratio: Return relative to average drawdown	—	5.40	—

Drawdowns

IVEP vs. AIPO - Drawdown Comparison

The maximum IVEP drawdown since its inception was -17.54%, smaller than the maximum AIPO drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for IVEP and AIPO.

Drawdown Indicators

	IVEP	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-17.54%	-24.36%	+6.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.36%	—
Current Drawdown Current decline from peak	-11.86%	-17.66%	+5.80%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.28%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.27%	—

Volatility

Volatility by Period

	IVEP	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.41%	37.46%	-6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.41%	37.20%	-5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.41%	37.20%	-5.79%

IVEP vs. AIPO - Expense Ratio Comparison

IVEP has a 0.75% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

IVEP vs. AIPO - Dividend Comparison

IVEP 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%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVEP and AIPO in my portfolio?

With a correlation of 0.92, IVEP and AIPO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IVEP 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, IVEP or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.75% for IVEP.

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

AIPO has the higher dividend yield at 0.01%, compared with 0.00% for IVEP.

What is the main difference between IVEP and AIPO?

IVEP is categorized as Industrials Equities, while AIPO is Artificial Intelligence. IVEP tracks Solactive Wedbush AI Power & Infrastructure Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Wedbush and Defiance. Their fees differ too: 0.75% for IVEP and 0.69% for AIPO.