AIO vs. XLK
Compare and contrast key facts about Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Technology Select Sector SPDR Fund (XLK).
AIO is managed by Virtus. It was launched on Oct 29, 2019. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIO or XLK.
Correlation
The correlation between AIO and XLK is 0.70, 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. XLK - Performance Comparison
Key characteristics
AIO:
2.17
XLK:
0.78
AIO:
2.68
XLK:
1.15
AIO:
1.39
XLK:
1.15
AIO:
3.79
XLK:
1.06
AIO:
14.64
XLK:
3.56
AIO:
2.84%
XLK:
5.05%
AIO:
19.18%
XLK:
22.96%
AIO:
-44.88%
XLK:
-82.05%
AIO:
-3.26%
XLK:
-3.02%
Returns By Period
In the year-to-date period, AIO achieves a 0.95% return, which is significantly lower than XLK's 1.01% return.
AIO
0.95%
-0.90%
20.56%
41.15%
16.98%
N/A
XLK
1.01%
-2.70%
5.23%
14.92%
19.89%
19.97%
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AIO vs. XLK - Expense Ratio Comparison
AIO has a 1.41% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
AIO vs. XLK — Risk-Adjusted Performance Rank
AIO
XLK
AIO vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
AIO's dividend yield for the trailing twelve months is around 7.32%, more than XLK's 0.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 7.32% | 7.30% | 10.34% | 11.12% | 19.97% | 9.30% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.65% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
AIO vs. XLK - Drawdown Comparison
The maximum AIO drawdown since its inception was -44.88%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIO and XLK. For additional features, visit the drawdowns tool.
Volatility
AIO vs. XLK - Volatility Comparison
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a higher volatility of 9.23% compared to Technology Select Sector SPDR Fund (XLK) at 7.48%. This indicates that AIO's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.