MTRX.TO vs. AIPO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Defiance AI & Power Infrastructure ETF (AIPO).

MTRX.TO and AIPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTRX.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset AI Infrastructure CAD Index. It was launched on Feb 20, 2025. AIPO is a passively managed fund by Defiance that tracks the performance of the MarketVector™ US Listed AI and Power Infrastructure Index. It was launched on Jul 24, 2025. Both MTRX.TO and AIPO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MTRX.TO vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

MTRX.TO vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	12.31%	16.60%
AIPO Defiance AI & Power Infrastructure ETF	14.36%	8.87%

Different Trading Currencies

MTRX.TO is traded in CAD, while AIPO is traded in USD. To make them comparable, the AIPO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MTRX.TO achieves a 12.31% return, which is significantly lower than AIPO's 14.36% return.

MTRX.TO

• 1D: 4.95%
• 1M: -7.80%
• YTD: 12.31%
• 6M: 16.39%
• 1Y: 76.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 4.58%
• 1M: -2.85%
• YTD: 14.36%
• 6M: 10.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRX.TO vs. AIPO - Expense Ratio Comparison

MTRX.TO has a 0.49% expense ratio, which is lower than AIPO's 0.69% expense ratio.

AIPO

Defiance AI & Power Infrastructure ETF

MTRX.TO

Global X Artificial Intelligence Infrastructure Index ETF

Return for Risk

MTRX.TO vs. AIPO — Risk / Return Rank

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

MTRX.TO

MTRX.TO Risk / Return Rank: 96
MTRX.TO Sharpe Ratio Rank: 96
MTRX.TO Sortino Ratio Rank: 96
MTRX.TO Omega Ratio Rank: 95
MTRX.TO Calmar Ratio Rank: 96
MTRX.TO Martin Ratio Rank: 95

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.

MTRX.TO vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence Infrastructure Index ETF (MTRX.TO) 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.

	MTRX.TO	AIPO	Difference
Sharpe ratio Return per unit of total volatility	2.54	—	—
Sortino ratio Return per unit of downside risk	3.44	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	4.37	—	—
Martin ratio Return relative to average drawdown	14.98	—	—
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

	MTRX.TO	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.14	+0.38

Correlation

The correlation between MTRX.TO and AIPO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MTRX.TO vs. AIPO - Dividend Comparison

MTRX.TO's dividend yield for the trailing twelve months is around 0.03%, more than AIPO's 0.01% yield.

	TTM	2025
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	0.03%	0.04%
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%

Drawdowns

MTRX.TO vs. AIPO - Drawdown Comparison

The maximum MTRX.TO drawdown since its inception was -19.75%, which is greater than AIPO's maximum drawdown of -18.24%. Use the drawdown chart below to compare losses from any high point for MTRX.TO and AIPO.

Drawdown Indicators

	MTRX.TO	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-19.75%	-17.31%	-2.44%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	—	—
Current Drawdown Current decline from peak	-9.93%	-7.04%	-2.89%
Average Drawdown Average peak-to-trough decline	-4.35%	-5.03%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	—	—

Volatility

Volatility by Period

	MTRX.TO	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.32%	33.53%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	33.53%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	33.53%	-1.94%