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Launched

Defiance AI & Power Infrastructure ETF

AIPONasdaqDefianceC

$24.23−0.43 (−1.76%)

At close: Nov 2, 2026, 4:00 PM ET

C53/ 100

Rank 5 of 13 in AI Data Infrastructure

C53/100Rank 5 of 13inAI Data Infrastructure
Intraday session: down, 79 prints from 24.66 to 24.23. Range 24.18 to 25.08. Use the arrow keys to read each point.24.4024.8025.0010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$823M
1Y total return
−2.2%
Yield · Last 12 months
No data
Holdings
87
Avg volume · 30D
1.33M sh
52W range
low $20.65high $34.79
Launched

The ETF.net AIPO Grade

C

Score 53 out of 100

Category
AI Data Infrastructure⁠
Rank
5 of 13
Six-pillar profile for AIPO. Scores out of 100: Cost 34, Risk 49, Mission 43, Tradability 92, Holdings 52, Durability 78. Strongest: Tradability (92). Weakest: Cost (34). Leans toward Tradability.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D34 out of 100
    Rank 9 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C43 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 3 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A92 out of 100
    Rank 1 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 5 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 3 of 13

Our read on AIPO

ETF.net Research

In short

CAI runs on electricity, and AIPO owns both ends of the wire: the compute buildout and the US power infrastructure feeding it. Roughly 80 US-listed names, chosen by a revenue test rather than a vague theme label.

Stated mandate

The fund seeks to track, before fees and expenses, the performance of the MarketVectorTM US Listed AI and Power Infrastructure Index. Under normal circumstances, at least 80% of assets are invested in securities of companies meeting the fund’s AI and power-infrastructure revenue test.

Why people hold it

  • Buys the picks and the power plant, not just the picks. At least 80% of assets must sit in companies passing the fund's AI and power-infrastructure revenue test.defianceetfs.com
  • Rules-based, not vibes-based: it tracks the MarketVector US Listed AI and Power Infrastructure Index, so the basket follows published index rules rather than a manager's hunch.
  • Roughly 80 stocks spread across chips, data centers and the utilities and equipment behind them, so no single name carries the whole theme.
  • One of the easier funds in this AI-infrastructure group to get in and out of, and it stands in the upper half of that peer set on our review.

Worth knowing

  • 0.69% a year puts it at the pricier end of this niche, where several rivals (AIVC, DAT, XDAT) charge less for their own AI-infrastructure spin.
  • Launched in 2025, so the record is short and there's no full market cycle to judge it against yet.
  • One theme, one country. A US-listed AI and power basket moves with that story, not the broad market, and payouts come annually or semiannually.

AIPO Holdings

Holdings pillarC52 out of 100Rank 5 of 10 in AI Data Infrastructure
Asset class
Stocks
Holdings
87
Top-10 weight
58%
Largest holding
PWR9.4%

Sectors

  • Industrials53.3%
  • Technology18.2%
  • Utilities14.7%
  • Energy6.1%
  • Communication4.4%
  • Financials1.5%
  • Real Estate1.0%
  • Consumer Discretionary0.8%

Geography

  • United States91.89%
  • Canada5.02%
  • United Kingdom1.96%
  • China0.46%
  • Germany0.44%
  • Australia0.23%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1PWRQuanta Services Inc9.40%123,777$76.8M372
2GEVGE Vernova Inc8.56%81,606$70M485
3ETNEaton Corp PLC8.46%186,912$69.2M336
4VRTVertiv Holdings Co7.15%251,337$58.4M400
5BEBloom Energy Corp4.56%183,485$37.3M342
6NVDANVIDIA Corp4.35%173,786$35.6M848
7AVGOBroadcom Inc4.25%106,504$34.7M753
8GOOGLAlphabet Inc4.02%117,492$32.9M707
9CEGConstellation Energy Corp3.64%113,352$29.7M375
10CCJCameco Corp3.48%370,282$28.5M51
11AMDAdvanced Micro Devices Inc2.67%43,297$21.9M638
12HUBBHubbell Inc2.01%38,910$16.4M292
13DDominion Energy Inc1.98%243,022$16.2M284
14XELXcel Energy Inc1.96%200,858$16M319
15VSTVistra Corp1.87%110,489$15.3M350

Showing 1–15 of 87 holdings

AIPO Performance

Launched Jul 24, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
AIPO$9,777
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AIPO $9,777. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AIPO. Periods over one year show the average yearly return.
PeriodAIPO
Year to date+11.5%
1 month−12.5%
3 months−13.8%
1 year−2.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AIPO
YearReturn barAIPO
2026 YTD+11.5%
2025+8.7%

History from Jul 25, 2025

AIPO in the news

AIPO Dividends

Last payment
$0.003 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.003. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.003

$10,000 in AIPO 1 year ago paid $1.19 in dividends.

AIPO Risk

Risk pillarC49 out of 100Rank 3 of 9 in AI Data Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
36.6%
Annualised · 15 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.46
vs 3-month T-bills · 15 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−30.9%
15 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AIPO Cost

Compare AIPO and WTAI

Overpaying vs WTAI, cheapest in AI Data Infrastructure

$4,388

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AIPO 0.69%

    $13,429

  • WTAI 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • AIPO 0.69%
  • WTAI 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530AIPO $13,429WTAI $9,041

Year by year

YearAIPOWTAIOverpaying
10$1,232$812$420
20$4,697$3,128$1,569
30$13,429$9,041$4,388

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