Correlation
The correlation between AIO and AIQ is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AIO vs. AIQ
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Global X Artificial Intelligence & Technology ETF (AIQ).
AIO is managed by Virtus. It was launched on Oct 29, 2019. AIQ is a passively managed fund by Global X that tracks the performance of the Indxx Artificial Intelligence & Big Data Index. It was launched on May 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIO or AIQ.
Performance
AIO vs. AIQ - Performance Comparison
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Key characteristics
AIO:
1.12
AIQ:
0.82
AIO:
1.54
AIQ:
1.14
AIO:
1.23
AIQ:
1.16
AIO:
0.97
AIQ:
0.73
AIO:
3.38
AIQ:
2.48
AIO:
8.72%
AIQ:
7.73%
AIO:
26.34%
AIQ:
27.27%
AIO:
-44.88%
AIQ:
-44.66%
AIO:
-4.51%
AIQ:
-4.77%
Returns By Period
In the year-to-date period, AIO achieves a -0.35% return, which is significantly lower than AIQ's 5.41% return.
AIO
-0.35%
11.24%
-0.27%
29.19%
19.58%
17.13%
N/A
AIQ
5.41%
6.73%
4.14%
22.27%
21.63%
15.55%
N/A
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AIO vs. AIQ - Expense Ratio Comparison
AIO has a 1.41% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
AIO vs. AIQ — Risk-Adjusted Performance Rank
AIO
AIQ
AIO vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Global X Artificial Intelligence & Technology ETF (AIQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AIO vs. AIQ - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.58%, more than AIQ's 0.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.58% | 7.30% | 10.34% | 11.12% | 19.97% | 9.30% | 0.54% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.13% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
AIO vs. AIQ - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, roughly equal to the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for AIO and AIQ.
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Volatility
AIO vs. AIQ - Volatility Comparison
The current volatility for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is 4.89%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 6.05%. This indicates that AIO experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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