COMAX vs. AIO
COMAX (DWS Digital Horizons Fund Class A) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - COMAX is a Technology Equities fund actively managed by DWS, while AIO is a Artificial Intelligence fund managed by Virtus. Over the past year, COMAX returned 0.68% vs 16.77% for AIO. Their 0.65 correlation means they have sometimes moved together and sometimes differently. 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 -1.10% return, which is significantly lower than AIO's 21.38% return.
COMAX
- 1D
- 2.67%
- 1M
- -3.43%
- 6M
- 0.92%
- YTD
- -1.10%
- 1Y
- 0.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.26%
AIO
- 1D
- 0.64%
- 1M
- -6.10%
- 6M
- 15.86%
- YTD
- 21.38%
- 1Y
- 16.77%
- 3Y*
- 22.61%
- 5Y*
- 11.75%
- 10Y*
- —
- ALL TIME*
- 15.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.91M | $1.86M | $2.17M | |
| $0.00 | $0.00 | $0.00 |
COMAX vs. AIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMAX DWS Digital Horizons Fund Class A | -1.10% | 16.79% | 21.78% |
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 21.38% | 0.48% | 36.01% |
Correlation
The correlation between COMAX and AIO is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024 | 0.65 |
The correlation between COMAX and AIO has been stable across timeframes, ranging from 0.65 to 0.71 - 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 | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.16 | -1.19 |
| Martin ratioReturn relative to average drawdown | -0.07 | 3.45 | -3.52 |
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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% | -13.59% | -10.41% |
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 | -9.59% | -10.54% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -10.81% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 4.56% | +4.98% |
Volatility
COMAX vs. AIO - Volatility Comparison
The current volatility for DWS Digital Horizons Fund Class A (COMAX) is 6.15%, while Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a volatility of 7.09%. This indicates that COMAX experiences smaller price fluctuations and is considered to be less risky 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 | 6.15% | 7.09% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 15.75% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 19.98% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 22.38% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 26.85% | -5.17% |
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 1.60%, less than AIO's 12.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 12.10% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% |
COMAX DWS Digital Horizons Fund Class A | 1.60% | 53.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMAX and AIO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIO has higher volatility (7.09%) compared to COMAX (6.15%). In terms of maximum drawdown, COMAX dropped -26.14% vs AIO's -44.88%.
AIO currently has the higher Sharpe Ratio (0.79 vs -0.03), 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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