MTRX.TO vs. AIPO

Last updated Jun 24, 2026

MTRX.TO (Global X Artificial Intelligence Infrastructure Index ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - MTRX.TO is a Technology Equities fund tracking the Mirae Asset AI Infrastructure CAD Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. MTRX.TO charges 0.49%/yr vs 0.69%/yr for AIPO.

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.

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

MTRX.TO

• 1D: -5.09%
• 1M: 4.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -4.97%
• 1M: 5.06%
• YTD: 54.61%
• 6M: 50.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRX.TO vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	25.67%
AIPO Defiance AI & Power Infrastructure ETF	36.97%

Correlation

The correlation between MTRX.TO and AIPO is 0.86, 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 Jan 20, 2026	0.86

Return for Risk

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.

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

MTRX.TO vs. AIPO - Drawdown Comparison

The maximum MTRX.TO drawdown since its inception was -14.79%, smaller than the maximum AIPO drawdown of -18.39%. 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	-14.79%	-18.39%	+3.60%
Current Drawdown Current decline from peak	-5.09%	-4.97%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.60%	-4.53%	+0.93%

Volatility

Volatility by Period

	MTRX.TO	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.98%	35.83%	+2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.98%	35.83%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.98%	35.83%	+2.15%

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.

Dividends

MTRX.TO vs. AIPO - Dividend Comparison

MTRX.TO 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%
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MTRX.TO and AIPO in my portfolio?

MTRX.TO and AIPO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MTRX.TO or AIPO?

On fees, MTRX.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MTRX.TO or AIPO?

MTRX.TO is cheaper with a 0.49% expense ratio, compared with 0.69% for AIPO.

What is the main difference between MTRX.TO and AIPO?

MTRX.TO is categorized as Technology Equities, while AIPO is Building & Construction. MTRX.TO tracks Mirae Asset AI Infrastructure CAD Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Global X and Defiance. Their fees differ too: 0.49% for MTRX.TO and 0.69% for AIPO.