VOLT vs. AIPO

Last updated Jul 14, 2026

VOLT (Tema Electrification ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. VOLT is actively managed, while AIPO is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. VOLT charges 0.75%/yr vs 0.69%/yr for AIPO.

Performance

VOLT vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) 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, VOLT achieves a 32.10% return, which is significantly lower than AIPO's 36.75% return.

VOLT

• 1D: -1.75%
• 1M: -3.09%
• 6M: 26.66%
• YTD: 32.10%
• 1Y: 49.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -3.14%
• 1M: -3.82%
• 6M: 27.85%
• YTD: 36.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOLT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
VOLT Tema Electrification ETF	32.10%	8.53%
AIPO Defiance AI & Power Infrastructure ETF	36.75%	9.46%

Correlation

The correlation between VOLT and AIPO is 0.84, 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 Jul 25, 2025	0.84

VOLT vs. AIPO - Sectors Allocation Comparison

Sectors	VOLT	AIPO
Industrials	42.7%	47.5%
Utilities	34.8%	25.3%
Technology	12.8%	15.0%
Energy	5.0%	7.4%
Consumer Cyclical	2.3%	-
Basic Materials	1.4%	-
Financial Services	0.5%	2.9%
Communication Services	-	0.5%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	0.9%

Return for Risk

VOLT vs. AIPO — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 84
VOLT Sharpe Ratio Rank: 85
VOLT Sortino Ratio Rank: 78
VOLT Omega Ratio Rank: 78
VOLT Calmar Ratio Rank: 93
VOLT Martin Ratio Rank: 85

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.

VOLT vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) 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.

	VOLT	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	5.19	—	—
Martin ratio: Return relative to average drawdown	13.50	—	—

Drawdowns

VOLT vs. AIPO - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for VOLT and AIPO.

Drawdown Indicators

	VOLT	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-17.31%	-6.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	—	—
Current Drawdown Current decline from peak	-9.13%	-13.00%	+3.87%
Average Drawdown Average peak-to-trough decline	-5.15%	-4.66%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	—	—

Volatility

Volatility by Period

	VOLT	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.10%	36.01%	-12.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.98%	36.01%	-11.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	36.01%	-11.03%

VOLT vs. AIPO - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

VOLT vs. AIPO - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.35%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%
VOLT Tema Electrification ETF	0.35%	0.46%	0.01%

Frequently Asked Questions

Can I hold both VOLT and AIPO in my portfolio?

VOLT and AIPO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOLT 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, VOLT or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.75% for VOLT.

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

VOLT has the higher dividend yield at 0.35%, compared with 0.01% for AIPO.

What is the main difference between VOLT and AIPO?

VOLT is categorized as Global Equities, while AIPO is Building & Construction. They also come from different issuers: Tema and Defiance. Their fees differ too: 0.75% for VOLT and 0.69% for AIPO.