Correlation
The correlation between AIO and SPMO 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. SPMO
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Invesco S&P 500® Momentum ETF (SPMO).
AIO is managed by Virtus. It was launched on Oct 29, 2019. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIO or SPMO.
Performance
AIO vs. SPMO - Performance Comparison
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Key characteristics
AIO:
1.12
SPMO:
1.26
AIO:
1.54
SPMO:
1.72
AIO:
1.23
SPMO:
1.24
AIO:
0.97
SPMO:
1.48
AIO:
3.38
SPMO:
5.33
AIO:
8.72%
SPMO:
5.57%
AIO:
26.34%
SPMO:
25.09%
AIO:
-44.88%
SPMO:
-30.95%
AIO:
-4.51%
SPMO:
0.00%
Returns By Period
In the year-to-date period, AIO achieves a -0.35% return, which is significantly lower than SPMO's 12.23% return.
AIO
-0.35%
11.24%
-0.27%
29.19%
19.58%
17.13%
N/A
SPMO
12.23%
8.82%
10.41%
31.43%
24.93%
21.09%
N/A
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AIO vs. SPMO - Expense Ratio Comparison
AIO has a 1.41% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
AIO vs. SPMO — Risk-Adjusted Performance Rank
AIO
SPMO
AIO vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Invesco S&P 500® Momentum ETF (SPMO). 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. SPMO - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.58%, more than SPMO's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.58% | 7.30% | 10.34% | 11.12% | 19.97% | 9.30% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.48% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
AIO vs. SPMO - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for AIO and SPMO.
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Volatility
AIO vs. SPMO - Volatility Comparison
The current volatility for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is 4.89%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 5.48%. This indicates that AIO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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