LEGR vs. AIPO

Last updated Jun 4, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - LEGR is a Blockchain fund tracking the Indxx Blockchain Index, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. LEGR charges 0.65%/yr vs 0.69%/yr for AIPO.

Performance

LEGR vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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, LEGR achieves a 12.39% return, which is significantly lower than AIPO's 52.03% return.

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LEGR vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	10.08%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between LEGR and AIPO is 0.64, 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 28, 2025	0.64

LEGR vs. AIPO - Sectors Allocation Comparison

Sectors	LEGR	AIPO
Financial Services	42.5%	3.6%
Technology	27.3%	16.5%
Communication Services	8.9%	0.5%
Consumer Cyclical	8.5%	-
Industrials	5.6%	57.1%
Utilities	2.1%	14.4%
Basic Materials	1.6%	-
Consumer Defensive	1.4%	-
Healthcare	1.3%	-
Energy	0.8%	6.9%
Real Estate	-	1.0%

Return for Risk

LEGR vs. AIPO — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

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.

LEGR vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.

	LEGR	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.96	—	—
Martin ratio: Return relative to average drawdown	11.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LEGR	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.36	-1.75

Drawdowns

LEGR vs. AIPO - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for LEGR and AIPO.

Drawdown Indicators

	LEGR	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-17.31%	-18.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	—	—
Current Drawdown Current decline from peak	-1.50%	-1.12%	-0.38%
Average Drawdown Average peak-to-trough decline	-6.61%	-4.38%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

Volatility by Period

	LEGR	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	34.09%	-20.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	34.09%	-17.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	34.09%	-13.78%

LEGR vs. AIPO - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

LEGR vs. AIPO - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.67%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both LEGR and AIPO in my portfolio?

LEGR and AIPO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEGR or AIPO?

On fees, LEGR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEGR or AIPO?

LEGR is cheaper with a 0.65% expense ratio, compared with 0.69% for AIPO.

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

LEGR has the higher dividend yield at 1.67%, compared with 0.01% for AIPO.

What is the main difference between LEGR and AIPO?

LEGR is categorized as Blockchain, while AIPO is Technology Equities. LEGR tracks Indxx Blockchain Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.65% for LEGR and 0.69% for AIPO.