COMAX vs. AIO
COMAX (DWS Digital Horizons Fund Class A) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both Technology Equities funds. Over the past year, COMAX returned 13.42% vs 37.41% for AIO. A 0.64 correlation means they provide meaningful diversification when combined. COMAX charges 1.25%/yr vs 1.41%/yr for AIO.
Performance
COMAX vs. AIO - Performance Comparison
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Returns By Period
In the year-to-date period, COMAX achieves a 5.22% return, which is significantly lower than AIO's 35.67% return.
COMAX
- 1D
- 2.22%
- 1M
- 0.75%
- YTD
- 5.22%
- 6M
- 4.51%
- 1Y
- 13.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIO
- 1D
- 0.28%
- 1M
- 9.89%
- YTD
- 35.67%
- 6M
- 34.90%
- 1Y
- 37.41%
- 3Y*
- 28.70%
- 5Y*
- 13.71%
- 10Y*
- —
COMAX vs. AIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMAX DWS Digital Horizons Fund Class A | 5.22% | 16.79% | 21.78% |
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 35.67% | 0.48% | 36.01% |
Correlation
The correlation between COMAX and AIO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024 | 0.64 |
The correlation between COMAX and AIO has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
COMAX vs. AIO — Risk / Return Rank
COMAX
AIO
COMAX vs. AIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Digital Horizons Fund Class A (COMAX) and Virtus Artificial Intelligence & Technology Opportunities Fund (AIO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COMAX | AIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 3.29 | -2.75 |
| Martin ratioReturn relative to average drawdown | 1.39 | 9.73 | -8.34 |
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Drawdowns
COMAX vs. AIO - Drawdown Comparison
The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum AIO drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for COMAX and AIO.
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Drawdown Indicators
| COMAX | AIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -44.88% | +18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -11.42% | -12.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.39% | — |
Current DrawdownCurrent decline from peak | -3.82% | 0.00% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -10.88% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.86% | +5.35% |
Volatility
COMAX vs. AIO - Volatility Comparison
DWS Digital Horizons Fund Class A (COMAX) has a higher volatility of 8.30% compared to Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) at 7.41%. This indicates that COMAX's price experiences larger fluctuations and is considered to be riskier than AIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMAX | AIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 7.41% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 14.68% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 18.78% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 22.24% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 26.90% | -5.22% |
COMAX vs. AIO - Expense Ratio Comparison
COMAX has a 1.25% expense ratio, which is lower than AIO's 1.41% expense ratio.
Dividends
COMAX vs. AIO - Dividend Comparison
COMAX's dividend yield for the trailing twelve months is around 0.05%, less than AIO's 10.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 10.64% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% |
COMAX DWS Digital Horizons Fund Class A | 0.05% | 53.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMAX and AIO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMAX has higher volatility (8.30%) compared to AIO (7.41%). In terms of maximum drawdown, COMAX dropped -26.14% vs AIO's -44.88%.
AIO currently has the higher Sharpe Ratio (2.01 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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