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.
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.
Performance
AIO vs. SPY - Performance Comparison
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Key characteristics
AIO:
1.12
SPY:
0.68
AIO:
1.54
SPY:
1.11
AIO:
1.23
SPY:
1.16
AIO:
0.97
SPY:
0.75
AIO:
3.38
SPY:
2.86
AIO:
8.72%
SPY:
4.93%
AIO:
26.34%
SPY:
20.44%
AIO:
-44.88%
SPY:
-55.19%
AIO:
-4.51%
SPY:
-3.01%
Returns By Period
In the year-to-date period, AIO achieves a -0.35% return, which is significantly lower than SPY's 1.44% return.
AIO
-0.35%
11.24%
-0.27%
29.19%
19.58%
17.13%
N/A
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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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 Rank
AIO
SPY
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.
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Dividends
AIO vs. SPY - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.58%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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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Volatility
AIO vs. SPY - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and SPDR S&P 500 ETF (SPY) have volatilities of 4.89% and 4.85%, 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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