IVES vs. AIPO

Last updated Aug 2, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Artificial Intelligence funds - IVES tracks the Solactive Wedbush Artificial Intelligence Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, IVES returned 33.09% vs 42.03% for AIPO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. 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 14.01% return, which is significantly lower than AIPO's 29.43% return.

IVES

• 1D: 0.98%
• 1M: -3.33%
• 6M: 11.86%
• YTD: 14.01%
• 1Y: 33.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.99%

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
IVES Dan IVES Wedbush AI Revolution ETF	$10.98M	$16.97M	$21.59M

IVES vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	14.01%	13.56%
AIPO Defiance AI & Power Infrastructure ETF	29.43%	9.46%

Correlation

The correlation between IVES and AIPO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.74

The correlation between IVES and AIPO has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

IVES vs. AIPO - Sectors Allocation Comparison

Sectors	IVES	AIPO
Technology	71.4%	15.7%
Communication Services	11.9%	0.5%
Consumer Cyclical	9.4%	0.7%
Industrials	4.4%	58.0%
Financial Services	1.4%	2.9%
Utilities	1.4%	15.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	6.8%
Healthcare	-	-
Real Estate	-	0.9%

Return for Risk

IVES vs. AIPO — Risk / Return Rank

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

IVES

IVES Risk / Return Rank: 38
IVES Sharpe Ratio Rank: 41
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 39
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 33

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.

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	1.03	1.05	-0.02
Sortino ratio: Return per unit of downside risk	1.51	1.53	-0.01
Omega ratio: Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio: Return relative to maximum drawdown	1.28	1.61	-0.34
Martin ratio: Return relative to average drawdown	3.13	5.40	-2.27

IVES vs. AIPO - Sharpe Ratio Comparison

The current IVES Sharpe Ratio is 1.03, which is comparable to the AIPO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of IVES and AIPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVES vs. AIPO - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum AIPO drawdown of -24.36%. 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%	-24.36%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	-24.36%	+1.72%
Current Drawdown Current decline from peak	-13.64%	-17.66%	+4.02%
Average Drawdown Average peak-to-trough decline	-6.41%	-5.28%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	7.27%	+1.94%

Volatility

IVES vs. AIPO - Volatility Comparison

The current volatility for Dan IVES Wedbush AI Revolution ETF (IVES) is 8.20%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.51%. This indicates that IVES experiences smaller price fluctuations and is considered to be less risky than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVES	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	14.51%	-6.31%
Volatility (6M) Calculated over the trailing 6-month period	22.33%	29.84%	-7.51%
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	37.46%	-9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	37.20%	-10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.81%	37.20%	-10.39%

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 0.36%, 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	0.36%	0.41%

Frequently Asked Questions

Can I hold both IVES and AIPO in my portfolio?

IVES and AIPO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVES or AIPO?

AIPO has higher volatility (14.51%) compared to IVES (8.20%). In terms of maximum drawdown, IVES dropped -22.64% vs AIPO's -24.36%.

Which ETF is better, IVES or AIPO?

On 1-year performance, AIPO leads with 42.03% vs 33.09% for IVES. On fees, AIPO is cheaper at 0.69% per year. On volatility, IVES has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVES or AIPO?

Over the 1-year period, AIPO has performed better with a 42.03% return vs 33.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 0.36%, compared with 0.01% for AIPO.

What is the main difference between IVES and AIPO?

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.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.05 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.