LLYX vs. AIPO

Last updated Jun 4, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - LLYX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. LLYX is actively managed, while AIPO is passively managed. At a 0.09 correlation, their price movements are largely independent. LLYX charges 1.32%/yr vs 0.69%/yr for AIPO.

Performance

LLYX vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) 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, LLYX achieves a -9.81% return, which is significantly lower than AIPO's 52.03% return.

LLYX

• 1D: 3.19%
• 1M: 23.54%
• YTD: -9.81%
• 6M: -3.59%
• 1Y: 58.74%
• 3Y*: —
• 5Y*: —
• 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)

LLYX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
LLYX Defiance Daily Target 2X Long LLY ETF	-9.81%	54.60%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between LLYX and AIPO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.09

Return for Risk

LLYX vs. AIPO — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 26
LLYX Sharpe Ratio Rank: 23
LLYX Sortino Ratio Rank: 28
LLYX Omega Ratio Rank: 30
LLYX Calmar Ratio Rank: 27
LLYX Martin Ratio Rank: 22

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.

LLYX vs. AIPO - Risk-Adjusted Trends Comparison

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

	LLYX	AIPO	Difference
Sharpe ratio Return per unit of total volatility	0.79	—	—
Sortino ratio Return per unit of downside risk	1.48	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.25	—	—
Martin ratio Return relative to average drawdown	2.68	—	—
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

	LLYX	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	2.36	-2.36

Drawdowns

LLYX vs. AIPO - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for LLYX and AIPO.

Drawdown Indicators

	LLYX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-17.31%	-50.67%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	—	—
Current Drawdown Current decline from peak	-21.95%	-1.12%	-20.83%
Average Drawdown Average peak-to-trough decline	-33.60%	-4.38%	-29.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.00%	—	—

Volatility

Volatility by Period

	LLYX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.98%	34.09%	+40.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	34.09%	+42.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.29%	34.09%	+42.20%

LLYX vs. AIPO - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

LLYX vs. AIPO - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 3.06%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
LLYX Defiance Daily Target 2X Long LLY ETF	3.06%	2.76%

Frequently Asked Questions

Can I hold both LLYX and AIPO in my portfolio?

LLYX and AIPO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LLYX 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, LLYX or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.32% for LLYX.

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

LLYX has the higher dividend yield at 3.06%, compared with 0.01% for AIPO.

What is the main difference between LLYX and AIPO?

LLYX is categorized as Leveraged Equities, while AIPO is Technology Equities. Their fees differ too: 1.32% for LLYX and 0.69% for AIPO.