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RWvsAIPOETF Comparison

ETF 1

RW

Rainwater Equity ETF

This fund is part of

Uncategorized Equities

-1.58%

Full RW fund page

VS

ETF 2

AIPO

Defiance AI & Power Infrastructure ETF

This fund is part of

Multiple Trends

-0.32%

Full AIPO fund page

Rainwater Equity ETF (RW) belongs to the Uncategorized Equities segment. Defiance AI & Power Infrastructure ETF (AIPO) is part of the Multiple Trends segment. RW's top 3 sector exposures are Industrials, Technology and Finance. In contrast, AIPO's top sector exposures are Industrials, Utilities and Technology. RW is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.69% for AIPO. RW is up 2.11% year-to-date (YTD) with -$2M in YTD flows. AIPO performs better with 26.11% YTD performance, and +$789M in YTD flows. Run a side-by-side ETF comparison of RW and AIPO 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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RW vs AIPO 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 07/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	RW AIPO	+0.53%-14.42%	+6.32%-6.19%	+2.11%+26.11%	-2.99%+36.79%	n/an/a	n/an/a
Flows	RW AIPO	-+$74M	-$746K+$561M	-$2M+$789M	+$2M+$911M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	RW AIPO	+14.93%+42.96%	+15.17%+36.09%	n/an/a	n/an/a
Max drawdown	RW AIPO	-3.66%-19.83%	-16.87%-19.83%	n/an/a	n/an/a
Max drawdown duration	RW AIPO	29d36d	194d36d	n/an/a	n/an/a

Trading data

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	RW	AIPO
Last sale 7/29/2026 at 4:23 PM	$24.90	$26.68
Previous close 07/28/2026	$25.40	$27.85
Consolidated volume 07/28/2026
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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	RW	AIPO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/29/2026 at 4:23 PM

Live

Closed

	RW	AIPO
Last price	$24.90	$26.68
1D performance	-1.97%	-4.22%
AuM	$17.51 M	$865.03 M
E/R	0.95%	0.69%

Characteristics

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

More RW data on Trackinsight

More AIPO data on Trackinsight

Exposure

Countries

RW

USA

74.53%

Other

25.47%

AIPO

USA

81.29%

Ireland

7.9%

Other

10.81%

Sectors

RW

Industrials

43.14%

Technology

23.75%

Finance

9.13%

Other

23.98%

AIPO

Industrials

56.58%

Utilities

15.63%

Technology

13.6%

Other

14.19%

Diversification

RW

Total weight of top 15 holdings out of 15

62.72%

AIPO

Total weight of top 15 holdings out of 15

63.43%

Top 15 holdings

Data as of June 30, 2026

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%

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%

Xcel Energy, Inc.

1.96%

Vistra Corp.

1.96%

Dominion Energy, Inc.

1.95%

Frequently asked questions about RW and AIPO

How have the RW and AIPO ETFs performed in 2026?

As of July 28, 2026, RW is up 2.11% year-to-date (YTD), while AIPO has returned 26.11%. That puts AIPO better performer ahead so far this year.

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

Year-to-date, the RW ETF saw -$2M in flows, compared to +$789M for AIPO.

Which ETF is more volatile: RW or AIPO?

Over the past year, RW had a volatility of 15.17%, while AIPO experienced 36.09%.

Which ETF is bigger: RW or AIPO?

As of July 28, 2026, RW holds $17.51 M in assets under management (AUM), while AIPO manages $865.03 M.

What sectors do the RW and AIPO ETFs invest in?

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

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

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

Which ETF is more diversified: RW or AIPO?

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

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

June 23, 2025

RW

RWvsAIPOETF Comparison

Rainwater Equity ETF

Defiance AI & Power Infrastructure ETF

RW vs AIPO 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 RW and AIPO ETFs performed in 2026?

As of July 28, 2026, RW is up 2.11% year-to-date (YTD), while AIPO has returned 26.11%. That puts AIPO better performer ahead so far this year.

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

Year-to-date, the RW ETF saw -$2M in flows, compared to +$789M for AIPO.

Which ETF is more volatile: RW or AIPO?

Over the past year, RW had a volatility of 15.17%, while AIPO experienced 36.09%.

Which ETF is bigger: RW or AIPO?

As of July 28, 2026, RW holds $17.51 M in assets under management (AUM), while AIPO manages $865.03 M.

What sectors do the RW and AIPO ETFs invest in?

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

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

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

Which ETF is more diversified: RW or AIPO?

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

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

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