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:
0.39
SPY:
0.30
AIO:
0.67
SPY:
0.56
AIO:
1.10
SPY:
1.08
AIO:
0.33
SPY:
0.31
AIO:
1.36
SPY:
1.40
AIO:
7.32%
SPY:
4.18%
AIO:
25.47%
SPY:
19.64%
AIO:
-44.88%
SPY:
-55.19%
AIO:
-22.54%
SPY:
-13.86%
Returns By Period
In the year-to-date period, AIO achieves a -19.17% return, which is significantly lower than SPY's -9.91% return.
AIO
-19.17%
-9.19%
-10.34%
12.28%
15.27%
N/A
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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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.
Dividends
AIO vs. SPY - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 9.28%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 9.28% | 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 | 1.36% | 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. 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 15.54% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.