RIOX vs. AIPO
RIOX (Defiance Daily Target 2X Long RIOT ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - RIOX is a Leveraged Equities fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. RIOX is actively managed, while AIPO is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. RIOX charges 0.95%/yr vs 0.69%/yr for AIPO.
Performance
RIOX vs. AIPO - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 135.89% return, which is significantly higher than AIPO's 40.87% return.
RIOX
- 1D
- -20.99%
- 1M
- 1.77%
- YTD
- 135.89%
- 6M
- 52.58%
- 1Y
- 157.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIPO
- 1D
- -6.65%
- 1M
- -6.45%
- YTD
- 40.87%
- 6M
- 31.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RIOX vs. AIPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 135.89% | -54.51% |
AIPO Defiance AI & Power Infrastructure ETF | 40.87% | 8.68% |
Correlation
The correlation between RIOX and AIPO is 0.62, 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 28, 2025 | 0.62 |
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Return for Risk
RIOX vs. AIPO — Risk / Return Rank
RIOX
AIPO
RIOX vs. AIPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) 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.
| RIOX | AIPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 3.12 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RIOX | AIPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.85 | -1.87 |
Drawdowns
RIOX vs. AIPO - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for RIOX and AIPO.
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Drawdown Indicators
| RIOX | AIPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -17.31% | -67.09% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | — | — |
Current DrawdownCurrent decline from peak | -43.36% | -8.38% | -34.98% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -4.39% | -48.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.67% | — | — |
Volatility
RIOX vs. AIPO - Volatility Comparison
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Volatility by Period
| RIOX | AIPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 123.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.32% | 34.75% | +134.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.45% | 34.75% | +133.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.45% | 34.75% | +133.70% |
RIOX vs. AIPO - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is higher than AIPO's 0.69% expense ratio.
Dividends
RIOX vs. AIPO - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 25.76%, more than AIPO's 0.01% yield.
| Position | TTM | 2025 |
|---|---|---|
AIPO Defiance AI & Power Infrastructure ETF | 0.01% | 0.01% |
RIOX Defiance Daily Target 2X Long RIOT ETF | 25.76% | 60.76% |
Frequently Asked Questions
RIOX and AIPO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIPO is cheaper with a 0.69% expense ratio, compared with 0.95% for RIOX.
RIOX has the higher dividend yield at 25.76%, compared with 0.01% for AIPO.
RIOX is categorized as Leveraged Equities, while AIPO is Technology Equities. Their fees differ too: 0.95% for RIOX and 0.69% for AIPO.
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