VBR vs. AIPI

Last updated Jun 9, 2026

VBR (Vanguard Small-Cap Value ETF) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while AIPI is a Derivative Income fund actively managed by REX. VBR is passively managed, while AIPI is actively managed. Over the past year, VBR returned 24.85% vs 26.32% for AIPI. A 0.51 correlation means they provide meaningful diversification when combined. VBR charges 0.05%/yr vs 0.65%/yr for AIPI.

Performance

VBR vs. AIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap Value ETF (VBR) and REX AI Equity Premium Income ETF (AIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBR achieves a 11.45% return, which is significantly higher than AIPI's 8.78% return.

VBR

• 1D: 0.16%
• 1M: 0.48%
• YTD: 11.45%
• 6M: 12.14%
• 1Y: 24.85%
• 3Y*: 15.60%
• 5Y*: 7.78%
• 10Y*: 10.50%

AIPI

• 1D: 0.95%
• 1M: 5.29%
• YTD: 8.78%
• 6M: 6.56%
• 1Y: 26.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VBR vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VBR Vanguard Small-Cap Value ETF	11.45%	9.09%	7.76%
AIPI REX AI Equity Premium Income ETF	8.78%	16.38%	15.79%

Correlation

The correlation between VBR and AIPI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.51

The correlation between VBR and AIPI has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

VBR vs. AIPI - Sectors Allocation Comparison

Sectors	VBR	AIPI
Industrials	18.1%	-
Financial Services	17.6%	-
Consumer Cyclical	12.4%	3.2%
Technology	10.6%	90.9%
Real Estate	10.1%	-
Healthcare	7.9%	-
Basic Materials	6.3%	-
Energy	5.2%	-
Utilities	4.8%	-
Consumer Defensive	4.0%	-
Communication Services	2.5%	5.9%

Return for Risk

VBR vs. AIPI — Risk / Return Rank

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

VBR

VBR Risk / Return Rank: 57
VBR Sharpe Ratio Rank: 53
VBR Sortino Ratio Rank: 56
VBR Omega Ratio Rank: 51
VBR Calmar Ratio Rank: 62
VBR Martin Ratio Rank: 61

AIPI

AIPI Risk / Return Rank: 47
AIPI Sharpe Ratio Rank: 53
AIPI Sortino Ratio Rank: 48
AIPI Omega Ratio Rank: 53
AIPI Calmar Ratio Rank: 41
AIPI Martin Ratio Rank: 39

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.

VBR vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value ETF (VBR) and REX AI Equity Premium Income ETF (AIPI). 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.

	VBR	AIPI	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.64	+0.01
Sortino ratio: Return per unit of downside risk	2.43	2.15	+0.28
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.82	1.84	+0.98
Martin ratio: Return relative to average drawdown	9.94	5.69	+4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBR vs. AIPI - Sharpe Ratio Comparison

The current VBR Sharpe Ratio is 1.65, which is comparable to the AIPI Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VBR and AIPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VBR	AIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.64	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.98	-0.56

Drawdowns

VBR vs. AIPI - Drawdown Comparison

The maximum VBR drawdown since its inception was -61.98%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for VBR and AIPI.

Drawdown Indicators

	VBR	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-61.98%	-25.25%	-36.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-14.40%	+5.55%
Max Drawdown (3Y) Largest decline over 3 years	-24.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.28%	—	—
Current Drawdown Current decline from peak	-0.95%	-2.52%	+1.57%
Average Drawdown Average peak-to-trough decline	-8.26%	-4.65%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	4.64%	-2.13%

Volatility

VBR vs. AIPI - Volatility Comparison

The current volatility for Vanguard Small-Cap Value ETF (VBR) is 3.67%, while REX AI Equity Premium Income ETF (AIPI) has a volatility of 4.45%. This indicates that VBR experiences smaller price fluctuations and is considered to be less risky than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBR	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	4.45%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	13.28%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	16.18%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	21.44%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	21.44%	+0.30%

VBR vs. AIPI - Expense Ratio Comparison

VBR has a 0.05% expense ratio, which is lower than AIPI's 0.65% expense ratio.

Dividends

VBR vs. AIPI - Dividend Comparison

VBR's dividend yield for the trailing twelve months is around 1.76%, less than AIPI's 35.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPI REX AI Equity Premium Income ETF	35.42%	37.84%	18.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VBR Vanguard Small-Cap Value ETF	1.76%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both VBR and AIPI in my portfolio?

VBR and AIPI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VBR or AIPI?

AIPI has higher volatility (4.45%) compared to VBR (3.67%). In terms of maximum drawdown, VBR dropped -61.98% vs AIPI's -25.25%.

Which ETF is better, VBR or AIPI?

On 1-year performance, AIPI leads with 26.32% vs 24.85% for VBR. On fees, VBR is cheaper at 0.05% per year. On volatility, VBR has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VBR or AIPI?

Over the 1-year period, AIPI has performed better with a 26.32% return vs 24.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VBR or AIPI?

VBR is cheaper with a 0.05% expense ratio, compared with 0.65% for AIPI.

Which ETF pays a higher dividend yield, VBR or AIPI?

AIPI has the higher dividend yield at 35.42%, compared with 1.76% for VBR.

What is the main difference between VBR and AIPI?

VBR is categorized as Small Cap Value Equities, while AIPI is Derivative Income. They also come from different issuers: Vanguard and REX. Their fees differ too: 0.05% for VBR and 0.65% for AIPI.

Which has better risk-adjusted returns?

VBR currently has the higher Sharpe Ratio (1.65 vs 1.64), 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.