AIO vs. SPY
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and State Street 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.
Performance
AIO vs. SPY - Performance Comparison
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AIO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 0.42% | 0.48% | 54.48% | 19.27% | -28.06% | 13.51% | 46.27% | 1.05% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 6.67% |
Returns By Period
In the year-to-date period, AIO achieves a 0.42% return, which is significantly higher than SPY's -4.37% return.
AIO
- 1D
- 1.47%
- 1M
- -6.35%
- YTD
- 0.42%
- 6M
- -2.34%
- 1Y
- 18.31%
- 3Y*
- 19.00%
- 5Y*
- 7.62%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
AIO vs. SPY — Risk / Return Rank
AIO
SPY
AIO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and State Street 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.
| AIO | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.93 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.45 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.53 | -0.50 |
Martin ratioReturn relative to average drawdown | 3.74 | 7.30 | -3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIO | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.93 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.69 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.56 | -0.06 |
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.
Dividends
AIO vs. SPY - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 13.97%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 13.97% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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.
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Drawdown Indicators
| AIO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.88% | -55.19% | +10.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.46% | -12.05% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -37.39% | -24.50% | -12.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -8.10% | -6.24% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -9.09% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.52% | +1.69% |
Volatility
AIO vs. SPY - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a higher volatility of 6.44% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. 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.
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Volatility by Period
| AIO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 5.31% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 9.47% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.22% | 19.05% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.03% | 17.06% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 17.92% | +9.11% |