PKB vs. AIPO

Last updated Jun 23, 2026

PKB (Invesco Dynamic Building & Construction ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Building & Construction funds - PKB tracks the Dynamic Building & Construction Intellidex Index while AIPO tracks the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. PKB charges 0.60%/yr vs 0.69%/yr for AIPO.

Performance

PKB vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Building & Construction ETF (PKB) 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, PKB achieves a 20.35% return, which is significantly lower than AIPO's 57.19% return.

PKB

• 1D: 0.91%
• 1M: 10.39%
• YTD: 20.35%
• 6M: 17.25%
• 1Y: 45.15%
• 3Y*: 29.08%
• 5Y*: 18.38%
• 10Y*: 16.35%

AIPO

• 1D: 2.26%
• 1M: 7.45%
• YTD: 57.19%
• 6M: 53.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PKB vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
PKB Invesco Dynamic Building & Construction ETF	20.35%	9.20%
AIPO Defiance AI & Power Infrastructure ETF	57.19%	9.46%

Correlation

The correlation between PKB and AIPO is 0.69, 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 25, 2025	0.69

PKB vs. AIPO - Sectors Allocation Comparison

Sectors	PKB	AIPO
Industrials	40.7%	46.4%
Basic Materials	37.0%	-
Consumer Cyclical	19.7%	-
Utilities	3.0%	21.2%
Energy	2.5%	6.1%
Financial Services	0.1%	5.3%
Communication Services	-	0.8%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	1.0%
Technology	-	18.9%

Return for Risk

PKB vs. AIPO — Risk / Return Rank

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

PKB

PKB Risk / Return Rank: 57
PKB Sharpe Ratio Rank: 58
PKB Sortino Ratio Rank: 58
PKB Omega Ratio Rank: 51
PKB Calmar Ratio Rank: 61
PKB Martin Ratio Rank: 55

AIPO

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

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.

PKB vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) 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.

	PKB	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.67	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	9.32	—	—

Drawdowns

PKB vs. AIPO - Drawdown Comparison

The maximum PKB drawdown since its inception was -65.21%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for PKB and AIPO.

Drawdown Indicators

	PKB	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-65.21%	-17.31%	-47.90%
Max Drawdown (1Y) Largest decline over 1 year	-15.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.29%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-15.74%	-4.44%	-11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	—	—

Volatility

Volatility by Period

	PKB	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.90%	35.26%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.80%	35.26%	-9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	35.26%	-7.94%

PKB vs. AIPO - Expense Ratio Comparison

PKB has a 0.60% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

PKB vs. AIPO - Dividend Comparison

PKB's dividend yield for the trailing twelve months is around 0.23%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PKB Invesco Dynamic Building & Construction ETF	0.23%	0.14%	0.23%	0.33%	0.43%	0.25%	0.30%	0.37%	0.54%	0.17%	0.31%	0.11%

Frequently Asked Questions

Can I hold both PKB and AIPO in my portfolio?

PKB and AIPO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PKB or AIPO?

On fees, PKB is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PKB or AIPO?

PKB is cheaper with a 0.60% expense ratio, compared with 0.69% for AIPO.

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

PKB has the higher dividend yield at 0.23%, compared with 0.01% for AIPO.

What is the main difference between PKB and AIPO?

PKB tracks Dynamic Building & Construction Intellidex Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.60% for PKB and 0.69% for AIPO.