MTRX.TO vs. AIPO

Last updated Jun 4, 2026

MTRX.TO (Global X Artificial Intelligence Infrastructure Index ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Technology Equities funds - MTRX.TO tracks the Mirae Asset AI Infrastructure CAD Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. 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

In the year-to-date period, MTRX.TO achieves a 39.15% return, which is significantly lower than AIPO's 53.97% return.

MTRX.TO

• 1D: -0.60%
• 1M: 7.93%
• YTD: 39.15%
• 6M: 40.85%
• 1Y: 86.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -0.71%
• 1M: 8.76%
• YTD: 53.97%
• 6M: 45.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRX.TO vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
MTRX.TO Global X Artificial Intelligence Infrastructure Index ETF	39.15%	16.60%
AIPO Defiance AI & Power Infrastructure ETF	53.97%	8.87%

Correlation

The correlation between MTRX.TO and AIPO is 0.79, 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	0.79

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: 85
MTRX.TO Sharpe Ratio Rank: 88
MTRX.TO Sortino Ratio Rank: 80
MTRX.TO Omega Ratio Rank: 79
MTRX.TO Calmar Ratio Rank: 91
MTRX.TO Martin Ratio Rank: 89

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	2.96	—	—
Sortino ratio Return per unit of downside risk	3.62	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	5.85	—	—
Martin ratio Return relative to average drawdown	20.13	—	—
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	2.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	2.49	-0.42

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%	-18.24%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	—	—
Current Drawdown Current decline from peak	-0.60%	-0.71%	+0.11%
Average Drawdown Average peak-to-trough decline	-4.05%	-4.50%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	MTRX.TO	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.18%	33.48%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.82%	33.48%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.82%	33.48%	-1.66%

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

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

Frequently Asked Questions

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

MTRX.TO and AIPO have a correlation of 0.79, 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 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.