AIO vs. MSM
AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) is Technology Equities fund managed by Virtus, while MSM (MSC Industrial Direct Co., Inc.) is a stock. Over the past 5 years, AIO returned 13.71%/yr vs 9.91%/yr for MSM. At a 0.35 correlation, their price movements are largely independent.
Performance
AIO vs. MSM - Performance Comparison
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Returns By Period
In the year-to-date period, AIO achieves a 35.67% return, which is significantly lower than MSM's 42.43% return.
AIO
- 1D
- 0.28%
- 1M
- 9.89%
- YTD
- 35.67%
- 6M
- 34.90%
- 1Y
- 37.41%
- 3Y*
- 28.70%
- 5Y*
- 13.71%
- 10Y*
- —
MSM
- 1D
- -0.93%
- 1M
- 10.24%
- YTD
- 42.43%
- 6M
- 37.43%
- 1Y
- 50.56%
- 3Y*
- 11.12%
- 5Y*
- 9.91%
- 10Y*
- 10.28%
AIO vs. MSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 35.67% | 0.48% | 54.48% | 19.27% | -28.06% | 13.51% | 46.27% | 1.05% |
MSM MSC Industrial Direct Co., Inc. | 42.43% | 17.41% | -23.40% | 28.52% | 0.90% | 3.09% | 25.33% | 5.89% |
Correlation
The correlation between AIO and MSM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019 | 0.35 |
The correlation between AIO and MSM shifts across timeframes, from 0.25 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AIO vs. MSM — Risk / Return Rank
AIO
MSM
AIO vs. MSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and MSC Industrial Direct Co., Inc. (MSM). 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 | MSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 4.28 | -0.99 |
| Martin ratioReturn relative to average drawdown | 9.73 | 10.52 | -0.79 |
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Drawdowns
AIO vs. MSM - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, smaller than the maximum MSM drawdown of -76.60%. Use the drawdown chart below to compare losses from any high point for AIO and MSM.
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Drawdown Indicators
| AIO | MSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.88% | -76.60% | +31.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -11.86% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | -29.31% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -29.31% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.17% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.93% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -19.36% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 4.82% | -0.96% |
Volatility
AIO vs. MSM - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and MSC Industrial Direct Co., Inc. (MSM) have volatilities of 7.41% and 7.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIO | MSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.39% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 19.93% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 27.11% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 24.84% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.90% | 26.74% | +0.16% |
Dividends
AIO vs. MSM - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 10.64%, more than MSM's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 10.64% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
MSM MSC Industrial Direct Co., Inc. | 2.95% | 4.07% | 4.47% | 3.16% | 3.72% | 3.57% | 13.63% | 3.52% | 3.08% | 1.89% | 1.88% | 2.90% |
Frequently Asked Questions
AIO and MSM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIO has higher volatility (7.41%) compared to MSM (7.39%). In terms of maximum drawdown, AIO dropped -44.88% vs MSM's -76.60%.
AIO currently has the higher Sharpe Ratio (2.01 vs 1.88), 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.
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