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.
Correlation
The correlation between AIO and SPMO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AIO vs. SPMO - Performance Comparison
Key characteristics
AIO:
2.21
SPMO:
2.23
AIO:
2.73
SPMO:
2.94
AIO:
1.39
SPMO:
1.39
AIO:
3.83
SPMO:
3.12
AIO:
14.77
SPMO:
12.56
AIO:
2.85%
SPMO:
3.27%
AIO:
19.09%
SPMO:
18.36%
AIO:
-44.88%
SPMO:
-30.95%
AIO:
-0.86%
SPMO:
-0.19%
Returns By Period
In the year-to-date period, AIO achieves a 3.46% return, which is significantly lower than SPMO's 8.47% return.
AIO
3.46%
5.06%
22.51%
42.47%
17.41%
N/A
SPMO
8.47%
4.47%
15.61%
38.37%
19.49%
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.
Dividends
AIO vs. SPMO - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.14%, more than SPMO's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.14% | 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 | 0.44% | 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. For additional features, visit the drawdowns tool.
Volatility
AIO vs. SPMO - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a higher volatility of 9.07% compared to Invesco S&P 500® Momentum ETF (SPMO) at 4.83%. This indicates that AIO's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.