QQQY vs. AIPO

Last updated Aug 5, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. QQQY is actively managed, while AIPO is passively managed. Over the past year, QQQY returned 25.95% vs 47.39% for AIPO. Their 0.74 correlation means they have sometimes moved together and sometimes differently. QQQY charges 0.99%/yr vs 0.69%/yr for AIPO.

Performance

QQQY vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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, QQQY achieves a 17.47% return, which is significantly lower than AIPO's 36.84% return.

QQQY

• 1D: 3.25%
• 1M: 1.46%
• 6M: 17.52%
• YTD: 17.47%
• 1Y: 25.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.61%

AIPO

• 1D: 2.23%
• 1M: -2.45%
• 6M: 20.74%
• YTD: 36.84%
• 1Y: 47.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 48.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$42.50M	$37.98M	$46.43M
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	$2.03M	$2.15M	$2.90M

QQQY vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	17.47%	7.06%
AIPO Defiance AI & Power Infrastructure ETF	36.84%	9.46%

Correlation

The correlation between QQQY and AIPO is 0.74, 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.	0.74
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.74

The correlation between QQQY and AIPO has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

Return for Risk

QQQY vs. AIPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQY

QQQY Risk / Return Rank: 56
QQQY Sharpe Ratio Rank: 53
QQQY Sortino Ratio Rank: 51
QQQY Omega Ratio Rank: 55
QQQY Calmar Ratio Rank: 59
QQQY Martin Ratio Rank: 62

AIPO

AIPO Risk / Return Rank: 46
AIPO Sharpe Ratio Rank: 45
AIPO Sortino Ratio Rank: 42
AIPO Omega Ratio Rank: 43
AIPO Calmar Ratio Rank: 48
AIPO Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQY vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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.

	QQQY	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.27	+0.21
Sortino ratio: Return per unit of downside risk	2.02	1.75	+0.26
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.34	1.95	+0.38
Martin ratio: Return relative to average drawdown	8.22	6.44	+1.77

QQQY vs. AIPO - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 1.48, which is comparable to the AIPO Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of QQQY and AIPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQY vs. AIPO - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum AIPO drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for QQQY and AIPO.

Drawdown Indicators

	QQQY	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-24.36%	+5.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-24.36%	+13.22%
Current Drawdown Current decline from peak	-1.71%	-12.94%	+11.23%
Average Drawdown Average peak-to-trough decline	-2.96%	-5.34%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	7.38%	-4.21%

Volatility

QQQY vs. AIPO - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 7.24%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.62%. This indicates that QQQY 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.

Volatility by Period

	QQQY	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	14.62%	-7.38%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	29.94%	-14.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	37.59%	-19.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	37.25%	-21.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	37.25%	-21.39%

QQQY vs. AIPO - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

QQQY vs. AIPO - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.76%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.76%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQY and AIPO in my portfolio?

QQQY and AIPO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQY or AIPO?

AIPO has higher volatility (14.62%) compared to QQQY (7.24%). In terms of maximum drawdown, QQQY dropped -19.05% vs AIPO's -24.36%.

Which ETF is better, QQQY or AIPO?

On 1-year performance, AIPO leads with 47.39% vs 25.95% for QQQY. On fees, AIPO is cheaper at 0.69% per year. On volatility, QQQY has been the lower-risk option at 7.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or AIPO?

Over the 1-year period, AIPO has performed better with a 47.39% return vs 25.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.76%, compared with 0.01% for AIPO.

What is the main difference between QQQY and AIPO?

QQQY is categorized as Nasdaq-100, while AIPO is Artificial Intelligence. Their fees differ too: 0.99% for QQQY and 0.69% for AIPO.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (1.48 vs 1.27), 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.