SHLD vs. AIPO

Last updated Jun 14, 2026

SHLD (Global X Defense Tech ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. SHLD charges 0.50%/yr vs 0.69%/yr for AIPO.

Performance

SHLD vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Defense Tech ETF (SHLD) 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, SHLD achieves a -1.50% return, which is significantly lower than AIPO's 42.18% return.

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: 1.81%
• 1M: -2.51%
• YTD: 42.18%
• 6M: 37.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHLD vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
SHLD Global X Defense Tech ETF	-1.50%	5.42%
AIPO Defiance AI & Power Infrastructure ETF	42.18%	9.46%

Correlation

The correlation between SHLD and AIPO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.44

SHLD vs. AIPO - Sectors Allocation Comparison

Sectors	SHLD	AIPO
Industrials	87.8%	54.2%
Technology	12.2%	19.8%
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	6.0%
Financial Services	-	4.8%
Healthcare	-	-
Real Estate	-	1.0%
Utilities	-	13.5%

Return for Risk

SHLD vs. AIPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

AIPO

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHLD vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Defense Tech ETF (SHLD) 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.

	SHLD	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.43	—	—
Sortino ratio: Return per unit of downside risk	0.78	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.52	—	—
Martin ratio: Return relative to average drawdown	1.28	—	—

Drawdowns

SHLD vs. AIPO - Drawdown Comparison

The maximum SHLD drawdown since its inception was -20.10%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for SHLD and AIPO.

Drawdown Indicators

	SHLD	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-20.10%	-17.31%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-20.10%	—	—
Current Drawdown Current decline from peak	-18.20%	-7.53%	-10.67%
Average Drawdown Average peak-to-trough decline	-3.34%	-4.48%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.12%	—	—

Volatility

Volatility by Period

	SHLD	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	35.17%	-10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	35.17%	-13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	35.17%	-13.88%

SHLD vs. AIPO - Expense Ratio Comparison

SHLD has a 0.50% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

SHLD vs. AIPO - Dividend Comparison

SHLD's dividend yield for the trailing twelve months is around 0.56%, 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%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both SHLD and AIPO in my portfolio?

SHLD and AIPO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHLD or AIPO?

On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHLD or AIPO?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.69% for AIPO.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.01% for AIPO.

What is the main difference between SHLD and AIPO?

SHLD is categorized as Aerospace & Defense, while AIPO is Building & Construction. SHLD tracks Global X Defense Tech Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Global X and Defiance. Their fees differ too: 0.50% for SHLD and 0.69% for AIPO.