Correlation
The correlation between AIO and SPYI 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. SPYI
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and NEOS S&P 500 High Income ETF (SPYI).
AIO is managed by Virtus. It was launched on Oct 29, 2019. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIO or SPYI.
Performance
AIO vs. SPYI - Performance Comparison
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Key characteristics
AIO:
1.12
SPYI:
0.71
AIO:
1.54
SPYI:
1.12
AIO:
1.23
SPYI:
1.18
AIO:
0.97
SPYI:
0.76
AIO:
3.38
SPYI:
3.15
AIO:
8.72%
SPYI:
3.96%
AIO:
26.34%
SPYI:
17.22%
AIO:
-44.88%
SPYI:
-16.47%
AIO:
-4.51%
SPYI:
-2.21%
Returns By Period
In the year-to-date period, AIO achieves a -0.35% return, which is significantly lower than SPYI's 1.92% return.
AIO
-0.35%
11.24%
-0.27%
29.19%
19.58%
17.13%
N/A
SPYI
1.92%
3.53%
-0.11%
12.17%
N/A
N/A
N/A
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AIO vs. SPYI - Expense Ratio Comparison
AIO has a 1.41% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
AIO vs. SPYI — Risk-Adjusted Performance Rank
AIO
SPYI
AIO vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and NEOS S&P 500 High Income ETF (SPYI). 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. SPYI - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.58%, less than SPYI's 12.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.58% | 7.30% | 10.34% | 11.12% | 19.97% | 9.30% | 0.54% |
SPYI NEOS S&P 500 High Income ETF | 12.49% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
AIO vs. SPYI - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for AIO and SPYI.
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Volatility
AIO vs. SPYI - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a higher volatility of 4.89% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.20%. This indicates that AIO's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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