FATEX vs. AIO

Last updated Jun 4, 2026

FATEX (Fidelity Advisor Technology Fund Class M) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both Technology Equities funds. A 0.68 correlation means they provide meaningful diversification when combined. FATEX charges 1.21%/yr vs 1.41%/yr for AIO.

Performance

FATEX vs. AIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Technology Fund Class M (FATEX) and Virtus Artificial Intelligence & Technology Opportunities Fund (AIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FATEX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIO

• 1D: 0.11%
• 1M: 11.21%
• YTD: 30.26%
• 6M: 29.79%
• 1Y: 29.76%
• 3Y*: 29.61%
• 5Y*: 13.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FATEX vs. AIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FATEX Fidelity Advisor Technology Fund Class M	0.00%	24.05%	34.69%	58.93%	-36.34%	26.95%	63.52%	11.03%
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	30.26%	0.48%	54.48%	19.27%	-28.06%	13.51%	46.27%	1.05%

Correlation

The correlation between FATEX and AIO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019	0.68

Over the past year, the correlation between FATEX and AIO has dropped to 0.36 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

FATEX vs. AIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIO

AIO Risk / Return Rank: 36
AIO Sharpe Ratio Rank: 34
AIO Sortino Ratio Rank: 34
AIO Omega Ratio Rank: 30
AIO Calmar Ratio Rank: 47
AIO Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FATEX vs. AIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Technology Fund Class M (FATEX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FATEX	AIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.66	—

Drawdowns

Drawdown Indicators

	FATEX	AIO	Difference
Max Drawdown Largest peak-to-trough decline	—	-44.88%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.39%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-10.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.84%	—

Volatility

Volatility by Period

	FATEX	AIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.86%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.87%	—

FATEX vs. AIO - Expense Ratio Comparison

FATEX has a 1.21% expense ratio, which is lower than AIO's 1.41% expense ratio.

Dividends

FATEX vs. AIO - Dividend Comparison

FATEX's dividend yield for the trailing twelve months is around 12.39%, more than AIO's 10.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	10.90%	13.75%	7.30%	10.34%	11.12%	19.97%	9.31%	0.54%	0.00%	0.00%	0.00%	0.00%
FATEX Fidelity Advisor Technology Fund Class M	12.39%	12.39%	8.86%	4.29%	4.07%	13.60%	8.26%	2.48%	25.20%	8.44%	1.60%	4.60%

Frequently Asked Questions

Can I hold both FATEX and AIO in my portfolio?

FATEX and AIO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.