PSI vs. AIPO

Last updated Jun 4, 2026

PSI (Invesco Semiconductors ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. PSI charges 0.56%/yr vs 0.69%/yr for AIPO.

Performance

PSI vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Semiconductors ETF (PSI) 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, PSI achieves a 107.72% return, which is significantly higher than AIPO's 52.03% return.

PSI

• 1D: 1.35%
• 1M: 21.18%
• YTD: 107.72%
• 6M: 104.36%
• 1Y: 208.96%
• 3Y*: 57.01%
• 5Y*: 31.86%
• 10Y*: 34.28%

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSI vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
PSI Invesco Semiconductors ETF	107.72%	31.14%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between PSI and AIPO is 0.80, 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 Jul 28, 2025	0.80

PSI vs. AIPO - Sectors Allocation Comparison

Sectors	PSI	AIPO
Technology	97.6%	16.5%
Industrials	2.4%	57.1%
Basic Materials	-	-
Communication Services	-	0.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	6.9%
Financial Services	-	3.6%
Healthcare	-	-
Real Estate	-	1.0%
Utilities	-	14.4%

Return for Risk

PSI vs. AIPO — Risk / Return Rank

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

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 95
PSI Omega Ratio Rank: 94
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 97

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.

PSI vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Semiconductors ETF (PSI) 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.

	PSI	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	5.58	—	—
Sortino ratio: Return per unit of downside risk	5.11	—	—
Omega ratio: Gain probability vs. loss probability	1.69	—	—
Calmar ratio: Return relative to maximum drawdown	13.59	—	—
Martin ratio: Return relative to average drawdown	49.28	—	—
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

	PSI	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	2.36	-1.77

Drawdowns

PSI vs. AIPO - Drawdown Comparison

The maximum PSI drawdown since its inception was -62.96%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for PSI and AIPO.

Drawdown Indicators

	PSI	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-62.96%	-17.31%	-45.65%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	—	—
Current Drawdown Current decline from peak	0.00%	-1.12%	+1.12%
Average Drawdown Average peak-to-trough decline	-15.94%	-4.38%	-11.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	—	—

Volatility

Volatility by Period

	PSI	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.75%	34.09%	+3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.85%	34.09%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.09%	34.09%	+1.00%

PSI vs. AIPO - Expense Ratio Comparison

PSI has a 0.56% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

PSI vs. AIPO - Dividend Comparison

PSI's dividend yield for the trailing twelve months is around 0.05%, 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%
PSI Invesco Semiconductors ETF	0.05%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%

Frequently Asked Questions

Can I hold both PSI and AIPO in my portfolio?

PSI and AIPO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSI or AIPO?

On fees, PSI is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSI or AIPO?

PSI is cheaper with a 0.56% expense ratio, compared with 0.69% for AIPO.

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

PSI has the higher dividend yield at 0.05%, compared with 0.01% for AIPO.

What is the main difference between PSI and AIPO?

PSI is categorized as Semiconductors, while AIPO is Technology Equities. PSI tracks Dynamic Semiconductors 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: 0.56% for PSI and 0.69% for AIPO.