RKLZ vs. AIPO

Last updated Jun 26, 2026

RKLZ (Defiance Daily Target 2X Short RKLB ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - RKLZ is a Inverse Equities fund actively managed by Defiance, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. RKLZ is actively managed, while AIPO is passively managed. At a correlation of -0.56, they often move in opposite directions. RKLZ charges 1.29%/yr vs 0.69%/yr for AIPO.

Performance

RKLZ vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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, RKLZ achieves a -89.18% return, which is significantly lower than AIPO's 49.68% return.

RKLZ

• 1D: 10.97%
• 1M: 137.97%
• YTD: -89.18%
• 6M: -87.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 0.61%
• 1M: -0.12%
• YTD: 49.68%
• 6M: 45.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLZ vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
RKLZ Defiance Daily Target 2X Short RKLB ETF	-89.18%	-75.89%
AIPO Defiance AI & Power Infrastructure ETF	49.68%	-0.26%

Correlation

The correlation between RKLZ and AIPO is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	-0.56

Return for Risk

RKLZ vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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

RKLZ vs. AIPO - Drawdown Comparison

The maximum RKLZ drawdown since its inception was -99.10%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for RKLZ and AIPO.

Drawdown Indicators

	RKLZ	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-99.10%	-17.31%	-81.79%
Current Drawdown Current decline from peak	-97.63%	-4.77%	-92.86%
Average Drawdown Average peak-to-trough decline	-81.58%	-4.45%	-77.13%

Volatility

Volatility by Period

	RKLZ	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	207.29%	35.45%	+171.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	207.29%	35.45%	+171.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	207.29%	35.45%	+171.84%

RKLZ vs. AIPO - Expense Ratio Comparison

RKLZ has a 1.29% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

RKLZ vs. AIPO - Dividend Comparison

RKLZ 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%
RKLZ Defiance Daily Target 2X Short RKLB ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RKLZ and AIPO in my portfolio?

RKLZ and AIPO have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKLZ 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, RKLZ or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.29% for RKLZ.

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

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

What is the main difference between RKLZ and AIPO?

RKLZ is categorized as Inverse Equities, while AIPO is Building & Construction. Their fees differ too: 1.29% for RKLZ and 0.69% for AIPO.