KEEX vs. AIPO

Last updated Jul 1, 2026

KEEX (Defiance Daily Target 2X Long KEEL ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - KEEX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. KEEX is actively managed, while AIPO is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. KEEX charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

KEEX vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long KEEL ETF (KEEX) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KEEX

• 1D: -2.44%
• 1M: -7.60%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 2.64%
• 1M: 1.77%
• YTD: 51.04%
• 6M: 49.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KEEX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
KEEX Defiance Daily Target 2X Long KEEL ETF	161.55%
AIPO Defiance AI & Power Infrastructure ETF	8.65%

Correlation

The correlation between KEEX and AIPO is 0.58, 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 Apr 27, 2026	0.58

Return for Risk

KEEX vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long KEEL ETF (KEEX) 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.

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

Drawdowns

KEEX vs. AIPO - Drawdown Comparison

The maximum KEEX drawdown since its inception was -33.20%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for KEEX and AIPO.

Drawdown Indicators

	KEEX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	-17.31%	-15.89%
Current Drawdown Current decline from peak	-27.13%	-3.91%	-23.22%
Average Drawdown Average peak-to-trough decline	-10.81%	-4.47%	-6.34%

Volatility

Volatility by Period

	KEEX	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.26%	35.57%	+155.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.26%	35.57%	+155.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.26%	35.57%	+155.69%

KEEX vs. AIPO - Expense Ratio Comparison

KEEX has a 1.31% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

KEEX vs. AIPO - Dividend Comparison

KEEX 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%
KEEX Defiance Daily Target 2X Long KEEL ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KEEX and AIPO in my portfolio?

KEEX and AIPO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KEEX 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, KEEX or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.31% for KEEX.

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

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

What is the main difference between KEEX and AIPO?

KEEX is categorized as Leveraged Equities, while AIPO is Building & Construction. Their fees differ too: 1.31% for KEEX and 0.69% for AIPO.