NAINX vs. AIO
NAINX (Virtus Tactical Allocation Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - NAINX is a Diversified Portfolio fund managed by Virtus, while AIO is a Artificial Intelligence fund managed by Virtus. Over the past 5 years, NAINX returned 1.47%/yr vs 11.75%/yr for AIO. Their 0.72 correlation means they have sometimes moved together and sometimes differently. NAINX charges 1.00%/yr vs 1.41%/yr for AIO.
Performance
NAINX vs. AIO - Performance Comparison
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Returns By Period
In the year-to-date period, NAINX achieves a -0.04% return, which is significantly lower than AIO's 21.38% return.
NAINX
- 1D
- 0.73%
- 1M
- -1.84%
- 6M
- -0.45%
- YTD
- -0.04%
- 1Y
- 0.10%
- 3Y*
- 8.14%
- 5Y*
- 1.47%
- 10Y*
- 7.65%
- ALL TIME*
- 6.70%
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 |
NAINX vs. AIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NAINX Virtus Tactical Allocation Fund | -0.04% | 6.83% | 14.00% | 22.38% | -28.48% | 6.63% | 31.47% | 7.78% |
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 21.38% | 0.48% | 54.48% | 19.27% | -28.06% | 13.51% | 46.27% | 1.05% |
Correlation
The correlation between NAINX and AIO is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019 | 0.72 |
The correlation between NAINX and AIO has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
NAINX vs. AIO — Risk / Return Rank
NAINX
AIO
NAINX vs. AIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Tactical Allocation Fund (NAINX) 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.
| NAINX | AIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.16 | -1.25 |
| Martin ratioReturn relative to average drawdown | -0.28 | 3.45 | -3.73 |
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Drawdowns
NAINX vs. AIO - Drawdown Comparison
The maximum NAINX drawdown since its inception was -36.50%, smaller than the maximum AIO drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for NAINX and AIO.
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Drawdown Indicators
| NAINX | AIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.50% | -44.88% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -13.59% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.79% | -30.23% | +18.44% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -37.39% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | -10.54% | +8.24% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -10.81% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 4.56% | -1.43% |
Volatility
NAINX vs. AIO - Volatility Comparison
The current volatility for Virtus Tactical Allocation Fund (NAINX) is 2.38%, while Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a volatility of 7.09%. This indicates that NAINX 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
| NAINX | AIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 7.09% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 15.75% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.65% | 19.98% | -10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 22.38% | -8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.30% | 26.85% | -13.55% |
NAINX vs. AIO - Expense Ratio Comparison
NAINX has a 1.00% expense ratio, which is lower than AIO's 1.41% expense ratio.
Dividends
NAINX vs. AIO - Dividend Comparison
NAINX's dividend yield for the trailing twelve months is around 16.05%, more than AIO's 12.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 12.10% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
NAINX Virtus Tactical Allocation Fund | 16.05% | 15.87% | 13.38% | 1.94% | 7.34% | 7.54% | 2.06% | 2.24% | 4.41% | 2.61% | 10.78% | 7.34% |
Frequently Asked Questions
NAINX and AIO have a correlation of 0.66, 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 NAINX (2.38%). In terms of maximum drawdown, NAINX dropped -36.50% vs AIO's -44.88%.
AIO currently has the higher Sharpe Ratio (0.79 vs -0.09), 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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