SPYT vs. AIPO

Last updated Aug 4, 2026

SPYT (Defiance S&P 500 Income Target ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - SPYT is a Derivative Income fund actively managed by Defiance, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. SPYT is actively managed, while AIPO is passively managed. Over the past year, SPYT returned 19.79% vs 46.89% for AIPO. Their 0.70 correlation means they have sometimes moved together and sometimes differently. SPYT charges 0.87%/yr vs 0.69%/yr for AIPO.

Performance

SPYT vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Income Target ETF (SPYT) 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, SPYT achieves a 10.78% return, which is significantly lower than AIPO's 33.86% return.

SPYT

• 1D: 1.33%
• 1M: 1.74%
• 6M: 8.87%
• YTD: 10.78%
• 1Y: 19.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.38%

AIPO

• 1D: 3.42%
• 1M: -4.58%
• 6M: 20.17%
• YTD: 33.86%
• 1Y: 46.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIPO Defiance AI & Power Infrastructure ETF	$42.27M	$38.04M	$47.00M
SPYT Defiance S&P 500 Income Target ETF	$1.79M	$1.76M	$2.31M

SPYT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
SPYT Defiance S&P 500 Income Target ETF	10.78%	6.32%
AIPO Defiance AI & Power Infrastructure ETF	33.86%	9.46%

Correlation

The correlation between SPYT and AIPO is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.70

The correlation between SPYT and AIPO has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

SPYT vs. AIPO - Sectors Allocation Comparison

Sectors	SPYT	AIPO
Technology	38.5%	15.7%
Financial Services	11.6%	2.9%
Communication Services	9.9%	0.5%
Consumer Cyclical	9.5%	0.7%
Healthcare	8.9%	-
Industrials	8.4%	58.0%
Consumer Defensive	4.5%	-
Energy	3.0%	6.8%
Utilities	2.2%	15.3%
Real Estate	1.8%	0.9%
Basic Materials	1.7%	-

Return for Risk

SPYT vs. AIPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPYT

SPYT Risk / Return Rank: 74
SPYT Sharpe Ratio Rank: 72
SPYT Sortino Ratio Rank: 70
SPYT Omega Ratio Rank: 76
SPYT Calmar Ratio Rank: 69
SPYT Martin Ratio Rank: 79

AIPO

AIPO Risk / Return Rank: 50
AIPO Sharpe Ratio Rank: 50
AIPO Sortino Ratio Rank: 47
AIPO Omega Ratio Rank: 47
AIPO Calmar Ratio Rank: 53
AIPO Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPYT vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Income Target ETF (SPYT) 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.

	SPYT	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.26	+0.44
Sortino ratio: Return per unit of downside risk	2.35	1.74	+0.61
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	2.48	1.93	+0.55
Martin ratio: Return relative to average drawdown	10.61	6.41	+4.20

SPYT vs. AIPO - Sharpe Ratio Comparison

The current SPYT Sharpe Ratio is 1.70, which is higher than the AIPO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of SPYT and AIPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYT vs. AIPO - Drawdown Comparison

The maximum SPYT drawdown since its inception was -18.25%, smaller than the maximum AIPO drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for SPYT and AIPO.

Drawdown Indicators

	SPYT	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-24.36%	+6.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-24.36%	+16.36%
Current Drawdown Current decline from peak	0.00%	-14.84%	+14.84%
Average Drawdown Average peak-to-trough decline	-1.97%	-5.31%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	7.33%	-5.46%

Volatility

SPYT vs. AIPO - Volatility Comparison

The current volatility for Defiance S&P 500 Income Target ETF (SPYT) is 3.43%, while Defiance AI & Power Infrastructure ETF (AIPO) has a volatility of 14.74%. This indicates that SPYT experiences smaller price fluctuations and is considered to be less risky than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYT	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	14.74%	-11.31%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	29.87%	-20.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	37.61%	-25.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	37.27%	-22.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	37.27%	-22.53%

SPYT vs. AIPO - Expense Ratio Comparison

SPYT has a 0.87% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

SPYT vs. AIPO - Dividend Comparison

SPYT's dividend yield for the trailing twelve months is around 20.92%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.92%	21.40%	17.37%

Frequently Asked Questions

Can I hold both SPYT and AIPO in my portfolio?

SPYT and AIPO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYT or AIPO?

AIPO has higher volatility (14.74%) compared to SPYT (3.43%). In terms of maximum drawdown, SPYT dropped -18.25% vs AIPO's -24.36%.

Which ETF is better, SPYT or AIPO?

On 1-year performance, AIPO leads with 46.89% vs 19.79% for SPYT. On fees, AIPO is cheaper at 0.69% per year. On volatility, SPYT has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYT or AIPO?

Over the 1-year period, AIPO has performed better with a 46.89% return vs 19.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYT or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.87% for SPYT.

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

SPYT has the higher dividend yield at 20.92%, compared with 0.01% for AIPO.

What is the main difference between SPYT and AIPO?

SPYT is categorized as Derivative Income, while AIPO is Artificial Intelligence. Their fees differ too: 0.87% for SPYT and 0.69% for AIPO.

Which has better risk-adjusted returns?

SPYT currently has the higher Sharpe Ratio (1.70 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.