RKLZ vs. AIPO
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 Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. RKLZ is actively managed, while AIPO is passively managed. Their -0.57 correlation means they have often moved in opposite directions in the past. RKLZ charges 1.29%/yr vs 0.69%/yr for AIPO.
Performance
RKLZ vs. AIPO - Performance Comparison
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Returns By Period
In the year-to-date period, RKLZ achieves a -91.34% return, which is significantly lower than AIPO's 36.84% return.
RKLZ
- 1D
- -11.88%
- 1M
- 39.61%
- 6M
- -85.07%
- YTD
- -91.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AIPO
- 1D
- 2.23%
- 1M
- -2.45%
- 6M
- 20.74%
- YTD
- 36.84%
- 1Y
- 47.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 48.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.50M | $37.98M | $46.43M | |
| $31.80M | $39.06M | $53.86M |
RKLZ vs. AIPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | -91.34% | -75.89% |
AIPO Defiance AI & Power Infrastructure ETF | 36.84% | -0.26% |
Correlation
The correlation between RKLZ and AIPO is -0.57, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.57 |
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Return for Risk
RKLZ vs. AIPO — Risk / Return Rank
RKLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AIPO
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.
| RKLZ | AIPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.95 | — |
| Martin ratioReturn relative to average drawdown | — | 6.44 | — |
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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 -24.36%. Use the drawdown chart below to compare losses from any high point for RKLZ and AIPO.
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Drawdown Indicators
| RKLZ | AIPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.10% | -24.36% | -74.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.36% | — |
Current DrawdownCurrent decline from peak | -98.10% | -12.94% | -85.16% |
Average DrawdownAverage peak-to-trough decline | -84.05% | -5.34% | -78.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.38% | — |
Volatility
RKLZ vs. AIPO - Volatility Comparison
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Volatility by Period
| RKLZ | AIPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 206.65% | 37.59% | +169.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 206.65% | 37.25% | +169.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 206.65% | 37.25% | +169.40% |
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
RKLZ and AIPO have a correlation of -0.57, 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 1.29% for RKLZ.
AIPO has the higher dividend yield at 0.01%, compared with 0.00% for RKLZ.
RKLZ is categorized as Inverse Equities, while AIPO is Artificial Intelligence. Their fees differ too: 1.29% for RKLZ and 0.69% for AIPO.
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