RKNG vs. AIPO

Last updated Jun 5, 2026

RKNG (Defiance Retail Kings ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - RKNG is a Consumer Discretionary Equities fund actively managed by Defiance, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. RKNG is actively managed, while AIPO is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. RKNG charges 0.79%/yr vs 0.69%/yr for AIPO.

Performance

RKNG vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Retail Kings ETF (RKNG) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RKNG

• 1D: -0.12%
• 1M: 12.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -0.74%
• 1M: 3.63%
• YTD: 50.90%
• 6M: 40.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKNG vs. AIPO - Yearly Performance Comparison

	2026 (YTD)
RKNG Defiance Retail Kings ETF	16.03%
AIPO Defiance AI & Power Infrastructure ETF	35.86%

Correlation

The correlation between RKNG and AIPO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.86

Return for Risk

RKNG vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Retail Kings ETF (RKNG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RKNG	AIPO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	2.30	-1.44

Drawdowns

RKNG vs. AIPO - Drawdown Comparison

The maximum RKNG drawdown since its inception was -34.21%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for RKNG and AIPO.

Drawdown Indicators

	RKNG	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-34.21%	-17.31%	-16.90%
Current Drawdown Current decline from peak	-2.72%	-1.85%	-0.87%
Average Drawdown Average peak-to-trough decline	-12.80%	-4.37%	-8.43%

Volatility

Volatility by Period

	RKNG	AIPO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.62%	34.02%	+24.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.62%	34.02%	+24.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.62%	34.02%	+24.60%

RKNG vs. AIPO - Expense Ratio Comparison

RKNG has a 0.79% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

RKNG vs. AIPO - Dividend Comparison

RKNG 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%
RKNG Defiance Retail Kings ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RKNG and AIPO in my portfolio?

RKNG and AIPO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKNG 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, RKNG or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.79% for RKNG.

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

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

What is the main difference between RKNG and AIPO?

RKNG is categorized as Consumer Discretionary Equities, while AIPO is Technology Equities. Their fees differ too: 0.79% for RKNG and 0.69% for AIPO.