AIPO
Defiance AI & Power Infrastructure ETF
Defiance AI & Power Infrastructure ETF seeks to provide investors with exposure to companies involved in the development and integration of artificial intelligence into power infrastructure and renewable energy systems.
US
EQUITY
Passive
MANAGEMENT STYLE
106.6 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 24, 2025 |
| Assets (mns) | $107 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| QUANTA SERVICES INC | 7.7 % |
| EATON CORP PLC | 7.0 % |
| VERTIV HOLDINGS CO. CLASS A | 6.8 % |
| GE VERONA | 6.1 % |
| CAMECO CORP | 4.8 % |
| NVIDIA CORP | 3.8 % |
| CONSTELLATION ENERGY CORPORATION | 3.4 % |
| BROADCOM INC. | 3.3 % |
| BLOOM ENERGY CORPORATION CLASS A | 3.1 % |
| VISTRA ENERGY CORP. | 2.7 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 345 |
| Wgt avg mkt cap (mns) | $303,820 |
| Large cap (>$10bn) | 76.9% |
| Mid cap ($2-10bn) | 16.0% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.6 % |
 |
IRELAND | 7.0 % |
 |
CANADA | 6.0 % |
 |
BRITAIN | 3.0 % |
 |
NETHERLANDS | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | 23.9% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | 23.9% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 28.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 321 |
| ADV traded (mns) | $8 |
| Turnover | 7.6% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $25.23 |
| 30d moving avg. | $23.76 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 62 |
| Short interest | 2.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FILL | iShares MSCI Global Energy Producers ETF | 38.8% | -30 bp | +11.4% |
| NUKZ | Range Nuclear Renaissance Index ETF | 29.8% | +16 bp | +1.1% |
| ZAP | Global X U.S. Electrification ETF | 28.6% | -19 bp | +3.7% |
| VOLT | Tema Electrification ETF | 24.2% | +6 bp | +3.4% |
| NETZ | TCW Transform Systems ETF | 22.9% | +6 bp | +2.4% |
| CCSO | Carbon Collective Climate Solutions US Equity ETF | 22.8% | -34 bp | +1.2% |
| SAMT | Strategas Macro Thematic Opportunities ETF | 20.9% | -4 bp | +2.4% |
| ARTY | iShares Future AI & Tech ETF | 20.2% | -22 bp | +3.3% |
| URAN | Themes Uranium & Nuclear ETF | 19.9% | -34 bp | +1.1% |
| FWD | AB Disruptors ETF | 18.5% | -4 bp | +3.3% |
Risk and Returns: AIPO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
AIPO
1.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. AIPO's ALTAR Score™ is approximately
1.9 standard deviations
below
the category average. This places AIPO in the 3rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AIPOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| AIPO (69 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AIPO | 69.0 | 8.9 | 77.9 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .