AIO vs. AIQ

Last updated Aug 1, 2026

AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) and AIQ (Global X Artificial Intelligence & Technology ETF) are both Artificial Intelligence funds. Over the past 5 years, AIO returned 11.75%/yr vs 14.37%/yr for AIQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. AIO charges 1.41%/yr vs 0.68%/yr for AIQ.

Performance

AIO vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIO achieves a 21.38% return, which is significantly higher than AIQ's 15.79% return.

AIO

• 1D: 0.64%
• 1M: -6.10%
• 6M: 15.86%
• YTD: 21.38%
• 1Y: 16.77%
• 3Y*: 22.61%
• 5Y*: 11.75%
• 10Y*: —
• ALL TIME*: 15.92%

AIQ

• 1D: 0.34%
• 1M: -4.79%
• 6M: 13.32%
• YTD: 15.79%
• 1Y: 35.59%
• 3Y*: 26.21%
• 5Y*: 14.37%
• 10Y*: —
• ALL TIME*: 18.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	$1.91M	$1.86M	$2.17M
AIQ Global X Artificial Intelligence & Technology ETF	$120.56M	$130.50M	$165.49M

AIO vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	21.38%	0.48%	54.48%	19.27%	-28.06%	13.51%	46.27%	1.05%
AIQ Global X Artificial Intelligence & Technology ETF	15.79%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	9.77%

Correlation

The correlation between AIO and AIQ is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019	0.74

The correlation between AIO and AIQ has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

AIO vs. AIQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIO

AIO Risk / Return Rank: 24
AIO Sharpe Ratio Rank: 23
AIO Sortino Ratio Rank: 24
AIO Omega Ratio Rank: 22
AIO Calmar Ratio Rank: 26
AIO Martin Ratio Rank: 25

AIQ

AIQ Risk / Return Rank: 45
AIQ Sharpe Ratio Rank: 46
AIQ Sortino Ratio Rank: 44
AIQ Omega Ratio Rank: 44
AIQ Calmar Ratio Rank: 45
AIQ Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIO vs. AIQ - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIO	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.13	-0.35
Sortino ratio: Return per unit of downside risk	1.23	1.60	-0.37
Omega ratio: Gain probability vs. loss probability	1.14	1.20	-0.06
Calmar ratio: Return relative to maximum drawdown	1.16	1.60	-0.45
Martin ratio: Return relative to average drawdown	3.45	4.82	-1.37

AIO vs. AIQ - Sharpe Ratio Comparison

The current AIO Sharpe Ratio is 0.79, which is lower than the AIQ Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of AIO and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	AIO	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-44.88%	-44.66%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-20.19%	+6.60%
Max Drawdown (3Y) Largest decline over 3 years	-30.23%	-26.35%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-37.39%	-44.66%	+7.27%
Current Drawdown Current decline from peak	-10.54%	-16.04%	+5.50%
Average Drawdown Average peak-to-trough decline	-10.81%	-9.82%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	6.71%	-2.15%

Volatility

AIO vs. AIQ - Volatility Comparison

The current volatility for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is 7.09%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 10.41%. 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.

Volatility by Period

	AIO	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	10.41%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	15.75%	24.84%	-9.09%
Volatility (1Y) Calculated over the trailing 1-year period	19.98%	28.57%	-8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.38%	26.42%	-4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	25.98%	+0.87%

AIO vs. AIQ - Expense Ratio Comparison

AIO has a 1.41% expense ratio, which is higher than AIQ's 0.68% expense ratio.

Dividends

AIO vs. AIQ - Dividend Comparison

AIO's dividend yield for the trailing twelve months is around 12.10%, more than AIQ's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	12.10%	13.75%	7.30%	10.34%	11.12%	19.97%	9.31%	0.54%	0.00%
AIQ Global X Artificial Intelligence & Technology ETF	0.08%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%

Frequently Asked Questions

Can I hold both AIO and AIQ in my portfolio?

AIO and AIQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIO or AIQ?

AIQ has higher volatility (10.41%) compared to AIO (7.09%). In terms of maximum drawdown, AIO dropped -44.88% vs AIQ's -44.66%.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (1.13 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.