IVES vs. AIPO

Last updated Jun 23, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. IVES charges 0.75%/yr vs 0.69%/yr for AIPO.

Performance

IVES vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 18.82% return, which is significantly lower than AIPO's 57.19% return.

IVES

• 1D: -1.24%
• 1M: 0.83%
• YTD: 18.82%
• 6M: 16.32%
• 1Y: 45.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 2.26%
• 1M: 7.45%
• YTD: 57.19%
• 6M: 53.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVES vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	18.82%	13.56%
AIPO Defiance AI & Power Infrastructure ETF	57.19%	9.46%

Correlation

The correlation between IVES and AIPO is 0.73, 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	0.73

IVES vs. AIPO - Sectors Allocation Comparison

Sectors	IVES	AIPO
Technology	71.8%	18.9%
Consumer Cyclical	11.0%	-
Communication Services	10.9%	0.8%
Industrials	3.1%	46.4%
Financial Services	1.9%	5.3%
Utilities	1.3%	21.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	6.1%
Healthcare	-	-
Real Estate	-	1.0%

Return for Risk

IVES vs. AIPO — Risk / Return Rank

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

IVES

IVES Risk / Return Rank: 44
IVES Sharpe Ratio Rank: 52
IVES Sortino Ratio Rank: 46
IVES Omega Ratio Rank: 45
IVES Calmar Ratio Rank: 42
IVES Martin Ratio Rank: 37

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.

IVES vs. AIPO - Risk-Adjusted Trends Comparison

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

	IVES	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	5.57	—	—

Drawdowns

IVES vs. AIPO - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for IVES and AIPO.

Drawdown Indicators

	IVES	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-17.31%	-5.33%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	—	—
Current Drawdown Current decline from peak	-9.99%	0.00%	-9.99%
Average Drawdown Average peak-to-trough decline	-5.80%	-4.44%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.25%	—	—

Volatility

Volatility by Period

	IVES	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.03%	35.26%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.59%	35.26%	-8.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.59%	35.26%	-8.67%

IVES vs. AIPO - Expense Ratio Comparison

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

Dividends

IVES vs. AIPO - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.35%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
IVES Dan IVES Wedbush AI Revolution ETF	0.35%	0.41%

Frequently Asked Questions

Can I hold both IVES and AIPO in my portfolio?

IVES and AIPO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES 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, IVES or AIPO?

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

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

IVES has the higher dividend yield at 0.35%, compared with 0.01% for AIPO.

What is the main difference between IVES and AIPO?

IVES is categorized as Technology Equities, while AIPO is Building & Construction. IVES tracks Solactive Wedbush Artificial Intelligence 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 IVES and 0.69% for AIPO.