PLU vs. AIPO

Last updated Jul 12, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - PLU is a Leveraged Equities fund tracking the Planet Labs PBC (PL), while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. PLU charges 1.31%/yr vs 0.69%/yr for AIPO.

Performance

PLU vs. AIPO - Performance Comparison

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

Returns By Period

PLU

• 1D: -9.59%
• 1M: -47.35%
• 6M: -36.97%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -0.41%
• 1M: 1.10%
• 6M: 34.03%
• YTD: 41.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLU vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	-29.94%
AIPO Defiance AI & Power Infrastructure ETF	32.33%

Correlation

The correlation between PLU and AIPO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.42

Return for Risk

PLU vs. AIPO - Risk-Adjusted Trends Comparison

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

PLU vs. AIPO - Drawdown Comparison

The maximum PLU drawdown since its inception was -80.66%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for PLU and AIPO.

Drawdown Indicators

	PLU	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-80.66%	-17.31%	-63.35%
Current Drawdown Current decline from peak	-80.66%	-10.18%	-70.48%
Average Drawdown Average peak-to-trough decline	-28.82%	-4.63%	-24.19%

Volatility

Volatility by Period

	PLU	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	209.27%	35.92%	+173.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	209.27%	35.92%	+173.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	209.27%	35.92%	+173.35%

PLU vs. AIPO - Expense Ratio Comparison

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

Dividends

PLU vs. AIPO - Dividend Comparison

PLU 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%
PLU Defiance Daily Target 2X Long PL ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLU and AIPO in my portfolio?

PLU and AIPO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU 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, PLU or AIPO?

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

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

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

What is the main difference between PLU and AIPO?

PLU is categorized as Leveraged Equities, while AIPO is Building & Construction. PLU tracks Planet Labs PBC (PL), while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. Their fees differ too: 1.31% for PLU and 0.69% for AIPO.