MPL vs. AIPO

Last updated Jun 7, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - MPL 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. MPL is actively managed, while AIPO is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. MPL charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

MPL vs. AIPO - Performance Comparison

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

Returns By Period

MPL

• 1D: -19.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -6.65%
• 1M: -2.29%
• YTD: 40.87%
• 6M: 31.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
AIPO Defiance AI & Power Infrastructure ETF	-6.00%

Correlation

The correlation between MPL and AIPO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.93

Return for Risk

MPL vs. AIPO - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	MPL	AIPO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	1.85	-2.43

Drawdowns

MPL vs. AIPO - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for MPL and AIPO.

Drawdown Indicators

	MPL	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-17.31%	-16.75%
Current Drawdown Current decline from peak	-34.06%	-8.38%	-25.68%
Average Drawdown Average peak-to-trough decline	-9.74%	-4.39%	-5.35%

Volatility

Volatility by Period

	MPL	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	34.75%	+147.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	34.75%	+147.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	34.75%	+147.32%

MPL vs. AIPO - Expense Ratio Comparison

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

Dividends

MPL vs. AIPO - Dividend Comparison

MPL 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%
MPL Defiance Daily Target 2X Long MP ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPL and AIPO in my portfolio?

With a correlation of 0.93, MPL and AIPO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MPL 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, MPL or AIPO?

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

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

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

What is the main difference between MPL and AIPO?

MPL is categorized as Leveraged Equities, while AIPO is Technology Equities. Their fees differ too: 1.31% for MPL and 0.69% for AIPO.