PXQ vs. AIPO
PXQ (Invesco Next Gen Connectivity ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, PXQ returned 63.92% vs 42.03% for AIPO. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PXQ charges 0.40%/yr vs 0.69%/yr for AIPO.
Performance
PXQ vs. AIPO - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than AIPO's 29.43% return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
AIPO
- 1D
- 0.63%
- 1M
- -7.73%
- 6M
- 16.62%
- YTD
- 29.43%
- 1Y
- 42.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 40.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.86M | $38.41M | $47.30M | |
| $741.37K | $822.66K | $837.91K |
PXQ vs. AIPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 13.70% |
AIPO Defiance AI & Power Infrastructure ETF | 29.43% | 9.46% |
Correlation
The correlation between PXQ and AIPO is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.75 |
The correlation between PXQ and AIPO has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
PXQ vs. AIPO — Risk / Return Rank
PXQ
AIPO
PXQ vs. AIPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | AIPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.61 | +1.70 |
| Martin ratioReturn relative to average drawdown | 13.33 | 5.40 | +7.94 |
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Drawdowns
PXQ vs. AIPO - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than AIPO's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for PXQ and AIPO.
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Drawdown Indicators
| PXQ | AIPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -24.36% | -32.82% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -24.36% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -14.80% | -17.66% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -5.28% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 7.27% | -2.59% |
Volatility
PXQ vs. AIPO - Volatility Comparison
The current volatility for Invesco Next Gen Connectivity ETF (PXQ) is 11.26%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.51%. This indicates that PXQ experiences smaller price fluctuations and is considered to be less risky than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXQ | AIPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 14.51% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 29.84% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 37.46% | -9.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 37.20% | -12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 37.20% | -13.65% |
PXQ vs. AIPO - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than AIPO's 0.69% expense ratio.
Dividends
PXQ vs. AIPO - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, more than AIPO's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
PXQ and AIPO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIPO has higher volatility (14.51%) compared to PXQ (11.26%). In terms of maximum drawdown, PXQ dropped -57.18% vs AIPO's -24.36%.
On 1-year performance, PXQ leads with 63.92% vs 42.03% for AIPO. On fees, PXQ is cheaper at 0.40% per year. On volatility, PXQ has been the lower-risk option at 11.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PXQ has performed better with a 63.92% return vs 42.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.69% for AIPO.
PXQ has the higher dividend yield at 0.68%, compared with 0.01% for AIPO.
PXQ is categorized as Technology Equities, while AIPO is Artificial Intelligence. PXQ tracks STOXX World AC NexGen Connectivity 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: 0.40% for PXQ and 0.69% for AIPO.
PXQ currently has the higher Sharpe Ratio (2.27 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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