AIO vs. SPY
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and SPDR S&P 500 ETF (SPY).
AIO is managed by Virtus. It was launched on Oct 29, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIO or SPY.
Correlation
The correlation between AIO and SPY 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.
Performance
AIO vs. SPY - Performance Comparison
Key characteristics
AIO:
3.28
SPY:
2.29
AIO:
4.08
SPY:
3.04
AIO:
1.55
SPY:
1.43
AIO:
2.82
SPY:
3.40
AIO:
21.81
SPY:
15.01
AIO:
2.58%
SPY:
1.90%
AIO:
17.14%
SPY:
12.46%
AIO:
-44.88%
SPY:
-55.19%
AIO:
-0.69%
SPY:
-0.74%
Returns By Period
In the year-to-date period, AIO achieves a 57.36% return, which is significantly higher than SPY's 28.13% return.
AIO
57.36%
7.18%
24.08%
56.19%
17.67%
N/A
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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AIO vs. SPY - Expense Ratio Comparison
AIO has a 1.41% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AIO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.17%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.17% | 10.34% | 11.12% | 19.97% | 9.30% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AIO vs. SPY - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIO and SPY. For additional features, visit the drawdowns tool.
Volatility
AIO vs. SPY - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a higher volatility of 6.47% compared to SPDR S&P 500 ETF (SPY) at 3.97%. This indicates that AIO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.