PRGTX vs. AIO

Last updated Jun 24, 2026

PRGTX (T. Rowe Price Global Technology Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both Technology Equities funds. Over the past 5 years, PRGTX returned 9.67%/yr vs 13.23%/yr for AIO. A 0.71 correlation means they provide meaningful diversification when combined. PRGTX charges 0.95%/yr vs 1.41%/yr for AIO.

Performance

PRGTX vs. AIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Technology Fund (PRGTX) and Virtus Artificial Intelligence & Technology Opportunities Fund (AIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRGTX achieves a 42.49% return, which is significantly higher than AIO's 32.52% return.

PRGTX

• 1D: 0.45%
• 1M: 7.41%
• YTD: 42.49%
• 6M: 42.54%
• 1Y: 73.93%
• 3Y*: 39.48%
• 5Y*: 9.67%
• 10Y*: 20.21%

AIO

• 1D: -2.33%
• 1M: 7.33%
• YTD: 32.52%
• 6M: 30.74%
• 1Y: 34.16%
• 3Y*: 27.70%
• 5Y*: 13.23%
• 10Y*: —

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

PRGTX vs. AIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRGTX T. Rowe Price Global Technology Fund	42.49%	27.28%	33.12%	55.92%	-55.53%	8.85%	75.77%	8.73%
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	32.52%	0.48%	54.48%	19.27%	-28.06%	13.51%	46.27%	1.05%

Correlation

The correlation between PRGTX and AIO is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019	0.71

The correlation between PRGTX and AIO has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

Return for Risk

PRGTX vs. AIO — Risk / Return Rank

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

PRGTX

PRGTX Risk / Return Rank: 88
PRGTX Sharpe Ratio Rank: 93
PRGTX Sortino Ratio Rank: 79
PRGTX Omega Ratio Rank: 81
PRGTX Calmar Ratio Rank: 96
PRGTX Martin Ratio Rank: 92

AIO

AIO Risk / Return Rank: 48
AIO Sharpe Ratio Rank: 45
AIO Sortino Ratio Rank: 44
AIO Omega Ratio Rank: 41
AIO Calmar Ratio Rank: 67
AIO Martin Ratio Rank: 45

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.

PRGTX vs. AIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Technology Fund (PRGTX) 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.

	PRGTX	AIO	Difference
Sharpe ratio: Return per unit of total volatility	2.92	1.82	+1.11
Sortino ratio: Return per unit of downside risk	3.42	2.56	+0.86
Omega ratio: Gain probability vs. loss probability	1.49	1.31	+0.18
Calmar ratio: Return relative to maximum drawdown	5.81	3.00	+2.81
Martin ratio: Return relative to average drawdown	17.27	8.88	+8.39

PRGTX vs. AIO - Sharpe Ratio Comparison

The current PRGTX Sharpe Ratio is 2.92, which is higher than the AIO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PRGTX and AIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRGTX vs. AIO - Drawdown Comparison

The maximum PRGTX drawdown since its inception was -71.18%, which is greater than AIO's maximum drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for PRGTX and AIO.

Drawdown Indicators

	PRGTX	AIO	Difference
Max Drawdown Largest peak-to-trough decline	-71.18%	-44.88%	-26.30%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-11.42%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	-26.67%	-30.23%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	-65.29%	-37.39%	-27.90%
Max Drawdown (10Y) Largest decline over 10 years	-65.29%	—	—
Current Drawdown Current decline from peak	-1.18%	-2.33%	+1.15%
Average Drawdown Average peak-to-trough decline	-21.50%	-10.88%	-10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	3.86%	+0.52%

Volatility

PRGTX vs. AIO - Volatility Comparison

T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 13.28% compared to Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) at 7.95%. This indicates that PRGTX'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.

Volatility by Period

	PRGTX	AIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.28%	7.95%	+5.33%
Volatility (6M) Calculated over the trailing 6-month period	21.87%	14.91%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	25.99%	18.91%	+7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.18%	22.26%	+9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.64%	26.91%	+1.73%

PRGTX vs. AIO - Expense Ratio Comparison

PRGTX has a 0.95% expense ratio, which is lower than AIO's 1.41% expense ratio.

Dividends

PRGTX vs. AIO - Dividend Comparison

PRGTX has not paid dividends to shareholders, while AIO's dividend yield for the trailing twelve months is around 10.90%.

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%
PRGTX T. Rowe Price Global Technology Fund	0.00%	0.00%	0.00%	0.00%	3.28%	27.71%	5.05%	0.15%	24.67%	15.81%	9.46%	10.03%

Frequently Asked Questions

Can I hold both PRGTX and AIO in my portfolio?

PRGTX and AIO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRGTX or AIO?

PRGTX has higher volatility (13.28%) compared to AIO (7.95%). In terms of maximum drawdown, PRGTX dropped -71.18% vs AIO's -44.88%.

Which has better risk-adjusted returns?

PRGTX currently has the higher Sharpe Ratio (2.92 vs 1.82), 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.