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AIPOvsRWETF Comparison

ETF 1

AIPO

Defiance AI & Power Infrastructure ETF

This fund is part of

Multiple Trends

-3.1%

Full AIPO fund page

VS

ETF 2

RW

Rainwater Equity ETF

This fund is part of

Uncategorized Equities

-0.85%

Full RW fund page

Defiance AI & Power Infrastructure ETF (AIPO) belongs to the Multiple Trends segment. Rainwater Equity ETF (RW) is part of the Uncategorized Equities segment. AIPO's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, RW's top sector exposures are Industrials, Technology and Finance. AIPO is less expensive with a Total Expense Ratio (TER) of 0.69%, versus 1.27% for RW. AIPO is up 32.82% year-to-date (YTD) with +$797M in YTD flows. RW performs worse with 0.83% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of AIPO and RW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AIPO vs RW performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AIPO RW	-10.81%+0.12%	-4.52%+4.20%	+32.82%+0.83%	+44.22%-4.41%	n/an/a	n/an/a
Flows	AIPO RW	+$111M-	+$605M-$746K	+$797M-$2M	+$920M+$2M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AIPO RW	+42.59%+14.98%	+35.89%+15.16%	n/an/a	n/an/a
Max drawdown	AIPO RW	-15.94%-3.66%	-17.09%-16.87%	n/an/a	n/an/a
Max drawdown duration	AIPO RW	32d29d	104d190d	n/an/a	n/an/a

Trading data

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	AIPO	RW
Last sale 7/27/2026 at 1:30 PM	$29.03	$25.25
Previous close 07/24/2026	$29.33	$25.02
Consolidated volume 07/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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RW

is actively managed and doesn’t replicate an index

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	AIPO	RW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 1:30 PM

Live

Closed

	AIPO	RW
Last price	$29.03	$25.25
1D performance	-1.02%	+0.92%
AuM	$919.85 M	$17.29 M
E/R	0.69%	1.27%

Characteristics

	AIPO	RW
Management strategy	Passive	Active
Provider	Defiance ETFs	Rainwater
Benchmark	MarketVector US Listed AI and Power Infrastructure Index	-
N° of holdings	78	509
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	July 24, 2025	June 18, 2025
ESG	No	No

More AIPO data on Trackinsight

More RW data on Trackinsight

Exposure

Countries

AIPO

USA

81.29%

Ireland

7.9%

Other

10.81%

RW

USA

74.53%

Other

25.47%

Sectors

AIPO

Industrials

56.58%

Utilities

15.63%

Technology

13.6%

Other

14.19%

RW

Industrials

43.14%

Technology

23.75%

Finance

9.13%

Other

23.98%

Diversification

AIPO

Total weight of top 15 holdings out of 15

63.43%

RW

Total weight of top 15 holdings out of 15

62.72%

Top 15 holdings

Data as of June 30, 2026

AIPO

GE Vernova, Inc.

8.87%

Eaton Corp. Plc

7.90%

Quanta Services, Inc.

7.78%

Vertiv Holdings Co.

7.73%

Bloom Energy Corp.

4.41%

Cameco Corp.

3.83%

Broadcom Inc.

3.61%

Constellation Energy Corp.

3.60%

NVIDIA Corp.

3.54%

Advanced Micro Devices, Inc.

2.33%

MasTec, Inc.

1.99%

Hubbell, Inc.

1.97%

Vistra Corp.

1.96%

Xcel Energy, Inc.

1.96%

Dominion Energy, Inc.

1.95%

RW

Loar Holdings, Inc.

7.95%

Diploma Plc

6.89%

HEICO Corp.

6.62%

Berkshire Hathaway, Inc.

5.01%

GE Aerospace

4.64%

Apple, Inc.

4.03%

NVIDIA Corp.

3.67%

TransDigm Group, Inc.

3.45%

APi Group Corp.

3.43%

AMETEK, Inc.

3.43%

Alphabet, Inc.

3.16%

Amphenol Corp.

2.88%

Hilton Worldwide Holdings, Inc.

2.57%

Constellation Software, Inc.

2.52%

Perimeter Solutions, Inc.

2.50%

Frequently asked questions about AIPO and RW

How have the AIPO and RW ETFs performed in 2026?

As of July 24, 2026, AIPO is up 32.82% year-to-date (YTD), while RW has returned 0.83%. That puts AIPO better performer ahead so far this year.

Which ETF is attracting more investor money: AIPO or RW?

Year-to-date, the AIPO ETF saw +$797M in flows, compared to -$2M for RW.

Which ETF is more volatile: AIPO or RW?

Over the past year, AIPO had a volatility of 35.89%, while RW experienced 15.16%.

Which ETF is bigger: AIPO or RW?

As of July 24, 2026, AIPO holds $919.85 M in assets under management (AUM), while RW manages $17.29 M.

What sectors do the AIPO and RW ETFs invest in?

AIPO leans toward sectors like Industrials, Utilities and Technology. Meanwhile, RW focuses on Industrials, Technology and Finance.

What are the top holdings of the AIPO ETF and RW ETF?

AIPO top holdings include GE Vernova, Inc., Eaton Corp. Plc and Quanta Services, Inc.. RW holds in its top three: Loar Holdings, Inc., Diploma Plc and HEICO Corp..

Which ETF is more diversified: AIPO or RW?

AIPO holds 78 securities with 63.43% of its assets in the top 15. RW has 516 securities and a top 15 weight of 62.72%.

Rainwater Equity Launches RW ETF, Targeting Durable, Recurring Revenue Businesses

June 23, 2025

RW

AIPOvsRWETF Comparison

Defiance AI & Power Infrastructure ETF

Rainwater Equity ETF

AIPO vs RW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AIPO and RW ETFs performed in 2026?

As of July 24, 2026, AIPO is up 32.82% year-to-date (YTD), while RW has returned 0.83%. That puts AIPO better performer ahead so far this year.

Which ETF is attracting more investor money: AIPO or RW?

Year-to-date, the AIPO ETF saw +$797M in flows, compared to -$2M for RW.

Which ETF is more volatile: AIPO or RW?

Over the past year, AIPO had a volatility of 35.89%, while RW experienced 15.16%.

Which ETF is bigger: AIPO or RW?

As of July 24, 2026, AIPO holds $919.85 M in assets under management (AUM), while RW manages $17.29 M.

What sectors do the AIPO and RW ETFs invest in?

AIPO leans toward sectors like Industrials, Utilities and Technology. Meanwhile, RW focuses on Industrials, Technology and Finance.

What are the top holdings of the AIPO ETF and RW ETF?

AIPO top holdings include GE Vernova, Inc., Eaton Corp. Plc and Quanta Services, Inc.. RW holds in its top three: Loar Holdings, Inc., Diploma Plc and HEICO Corp..

Which ETF is more diversified: AIPO or RW?

AIPO holds 78 securities with 63.43% of its assets in the top 15. RW has 516 securities and a top 15 weight of 62.72%.

Rainwater Equity Launches RW ETF, Targeting Durable, Recurring Revenue Businesses

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