AIO vs. HXBIX

Last updated Jul 17, 2026

AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) and HXBIX (Virtus Newfleet Tax-Exempt Bond Fund) are both mutual funds - AIO is a Technology Equities fund managed by Virtus, while HXBIX is a Municipal Bonds fund managed by Virtus. At a 0.12 correlation, their price movements are largely independent. AIO charges 1.41%/yr vs 0.60%/yr for HXBIX.

Performance

AIO vs. HXBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Virtus Newfleet Tax-Exempt Bond Fund (HXBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIO

• 1D: -1.62%
• 1M: -4.72%
• 6M: 16.98%
• YTD: 25.85%
• 1Y: 21.37%
• 3Y*: 23.50%
• 5Y*: 12.40%
• 10Y*: —

HXBIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIO vs. HXBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	25.85%	0.48%	54.48%	19.27%	-28.06%	13.51%	46.27%	1.05%
HXBIX Virtus Newfleet Tax-Exempt Bond Fund	1.09%	4.22%	0.71%	4.72%	-7.76%	0.72%	4.27%	0.91%

Correlation

The correlation between AIO and HXBIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019	0.12

Return for Risk

AIO vs. HXBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIO

AIO Risk / Return Rank: 29
AIO Sharpe Ratio Rank: 26
AIO Sortino Ratio Rank: 27
AIO Omega Ratio Rank: 25
AIO Calmar Ratio Rank: 38
AIO Martin Ratio Rank: 30

HXBIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIO vs. HXBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Virtus Newfleet Tax-Exempt Bond Fund (HXBIX). 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	HXBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.88	—	—
Martin ratio: Return relative to average drawdown	5.29	—	—

Drawdowns

Drawdown Indicators

	AIO	HXBIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.88%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.39%	—	—
Current Drawdown Current decline from peak	-7.24%	—	—
Average Drawdown Average peak-to-trough decline	-10.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	—	—

Volatility

Volatility by Period

	AIO	HXBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	—	—

AIO vs. HXBIX - Expense Ratio Comparison

AIO has a 1.41% expense ratio, which is higher than HXBIX's 0.60% expense ratio.

Dividends

AIO vs. HXBIX - Dividend Comparison

AIO's dividend yield for the trailing twelve months is around 11.67%, more than HXBIX's 3.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	11.67%	13.75%	7.30%	10.34%	11.12%	19.97%	9.31%	0.54%	0.00%	0.00%	0.00%	0.00%
HXBIX Virtus Newfleet Tax-Exempt Bond Fund	3.51%	3.01%	2.47%	2.61%	2.58%	2.05%	2.93%	2.60%	3.41%	3.51%	2.78%	2.87%

Frequently Asked Questions

Can I hold both AIO and HXBIX in my portfolio?

AIO and HXBIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.