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AIPO

GradeCNASDAQ Global Market

Defiance AI & Power Infrastructure ETF

Themes · Defiance · Inception 2025-07-24

$28.89−0.41 (−1.38%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Jul 25, 2025.
Intraday session: down, 69 prints from 29.29 to 28.89. Range 28.75 to 29.20. Use the arrow keys to read each point.$28.80$29.00$29.10$29.2010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$935M
1Y return
+27.4%
Yield · Last 12 months
Data unavailable
Holdings
89
Volume · 30D
1.3M sh
NAV per share
$29.06
52W range
low $20.65high $34.79

The ETF.net AIPO Grade

C

52/ 100

Rank 5 of 14 in AI Data Infrastructure⁠

Confidence Medium

Six-pillar profile for AIPO. Scores out of 100: Cost 31, Risk 48, Mission 49, Tradability 94, Holdings 48, Durability 77. Strongest: Tradability (94). Weakest: Cost (31). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank10/14 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 49
    Category rank2/4 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank4/8 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 94
    Category rank1/14 · top 7%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 48
    Category rank6/10 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 77
    Category rank3/14 · top 21%

Graded as of Sep 22, 2026

Our read on AIPO

ETF.net Research

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

  1. 01Buys 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
  2. 02Rules-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.
  3. 03Roughly 80 stocks spread across chips, data centers and the utilities and equipment behind them, so no single name carries the whole theme.
  4. 04One 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

  1. 010.69% 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.
  2. 02Launched in 2025, so the record is short and there's no full market cycle to judge it against yet.
  3. 03One 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

As of Sep 20, 2026, 5:07 AM
Asset class
Stocks
Holdings
89
Top-10 weight
55%
Largest holding
ETN8.3%

Sectors

  • Industrials54.1%
  • Utilities17.0%
  • Technology16.5%
  • Energy8.2%
  • Financials2.7%
  • Real Estate1.1%
  • Communication0.5%

Geography

  • United States82.18%
  • Ireland8.33%
  • Canada3.99%
  • United Kingdom3.18%
  • China0.67%
  • Germany0.48%
  • Netherlands0.46%
  • Australia0.36%
  • Other countries (1)0.35%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ETNEaton Corp PLC8.31%179,601$76M259
002PWRQuanta Services Inc8.25%118,942$76M355
003GEVGE Vernova Inc8.04%78,412$74M473
004VRTVertiv Holdings Co6.56%241,454$60M384
005BEBloom Energy Corp5.10%176,059$47M304
006GOOGLAlphabet Inc4.30%112,769$39M704
007NVDANVIDIA Corp4.04%166,705$37M828
008AVGOBroadcom Inc3.97%102,098$36M732
009CCJCameco Corp3.54%354,852$33M49
010CEGConstellation Energy Corp3.02%108,861$28M353
011AMDAdvanced Micro Devices Inc2.54%41,553$23M618
012NVTnVent Electric PLC1.98%115,300$18M252
013HUBBHubbell Inc1.83%37,646$17M289
014VSTVistra Corp1.62%105,985$15M336
015DDominion Energy Inc1.61%232,699$15M277

Showing 1–15 of 88 holdings

AIPO Performance

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

AIPO$12,736
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AIPO $12,736. SPY $11,723. Use the arrow keys to read each point.$8,881$12,231$15,581Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+32.4%
1 month+1.3%
3 months−15.8%
1 year+27.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+32.4%
2025+8.7%

History from Jul 25, 2025

AIPO in the news

AIPO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
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

AIPO Risk

How much the fund’s monthly returns vary, scaled to a year.
36.6%
Annualised · 13 months to Aug 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.
0.83
vs 3-month T-bills · 13 months to Aug 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.
−24.4%
13 months · trough Jul 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.
2.00
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.

AIPO Cost

Expense ratio0.69%
  • The middle half of AI Data Infrastructure funds
  • Median 0.65%

8 of the 12 AI Data Infrastructure funds charge less.

AIPO costs $69.00 a year on $10,000. The median AI Data Infrastructure fund costs $65.00.