SCATX vs. AIO

Last updated Aug 1, 2026

SCATX (Virtus Zevenbergen Innovative Growth Stock Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - SCATX is a Large Cap Growth Equities fund managed by Virtus, while AIO is a Artificial Intelligence fund managed by Virtus. Over the past 5 years, SCATX returned -0.34%/yr vs 11.75%/yr for AIO. Their 0.70 correlation means they have sometimes moved together and sometimes differently. SCATX charges 1.00%/yr vs 1.41%/yr for AIO.

Performance

SCATX vs. AIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Zevenbergen Innovative Growth Stock Fund (SCATX) 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, SCATX achieves a -3.54% return, which is significantly lower than AIO's 21.38% return.

SCATX

• 1D: 3.40%
• 1M: -7.06%
• 6M: -1.35%
• YTD: -3.54%
• 1Y: -2.19%
• 3Y*: 14.27%
• 5Y*: -0.34%
• 10Y*: 15.65%
• ALL TIME*: 11.65%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIO Virtus Artificial Intelligence & Technology Opportunities Fund	$1.91M	$1.86M	$2.17M
SCATX Virtus Zevenbergen Innovative Growth Stock Fund	$0.00	$0.00	$0.00

SCATX vs. AIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SCATX Virtus Zevenbergen Innovative Growth Stock Fund	-3.54%	10.22%	35.81%	65.58%	-55.30%	-9.93%	119.67%	9.61%
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 SCATX and AIO is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019	0.70

The correlation between SCATX and AIO has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

SCATX vs. AIO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCATX

SCATX Risk / Return Rank: 3
SCATX Sharpe Ratio Rank: 3
SCATX Sortino Ratio Rank: 3
SCATX Omega Ratio Rank: 3
SCATX Calmar Ratio Rank: 3
SCATX Martin Ratio Rank: 3

AIO

AIO Risk / Return Rank: 24
AIO Sharpe Ratio Rank: 23
AIO Sortino Ratio Rank: 24
AIO Omega Ratio Rank: 22
AIO Calmar Ratio Rank: 26
AIO Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCATX vs. AIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Zevenbergen Innovative Growth Stock Fund (SCATX) 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.

	SCATX	AIO	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	0.79	-0.99
Sortino ratio: Return per unit of downside risk	-0.10	1.23	-1.33
Omega ratio: Gain probability vs. loss probability	0.99	1.14	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.19	1.16	-1.35
Martin ratio: Return relative to average drawdown	-0.48	3.45	-3.93

SCATX vs. AIO - Sharpe Ratio Comparison

The current SCATX Sharpe Ratio is -0.20, which is lower than the AIO Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of SCATX 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

SCATX vs. AIO - Drawdown Comparison

The maximum SCATX drawdown since its inception was -66.92%, which is greater than AIO's maximum drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for SCATX and AIO.

Drawdown Indicators

	SCATX	AIO	Difference
Max Drawdown Largest peak-to-trough decline	-66.92%	-44.88%	-22.04%
Max Drawdown (1Y) Largest decline over 1 year	-26.17%	-13.59%	-12.58%
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	-30.23%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-63.68%	-37.39%	-26.29%
Max Drawdown (10Y) Largest decline over 10 years	-66.92%	—	—
Current Drawdown Current decline from peak	-18.06%	-10.54%	-7.52%
Average Drawdown Average peak-to-trough decline	-15.85%	-10.81%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	4.56%	+6.07%

Volatility

SCATX vs. AIO - Volatility Comparison

Virtus Zevenbergen Innovative Growth Stock Fund (SCATX) has a higher volatility of 7.81% compared to Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) at 7.09%. This indicates that SCATX'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

	SCATX	AIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.81%	7.09%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	20.96%	15.75%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	25.65%	19.98%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.21%	22.38%	+13.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.78%	26.85%	+5.93%

SCATX vs. AIO - Expense Ratio Comparison

SCATX has a 1.00% expense ratio, which is lower than AIO's 1.41% expense ratio.

Dividends

SCATX vs. AIO - Dividend Comparison

SCATX's dividend yield for the trailing twelve months is around 4.26%, less 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%
SCATX Virtus Zevenbergen Innovative Growth Stock Fund	4.26%	0.00%	0.00%	0.00%	4.30%	0.00%	0.00%	0.00%	6.18%	10.09%	18.59%	7.30%

Frequently Asked Questions

Can I hold both SCATX and AIO in my portfolio?

SCATX and AIO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCATX or AIO?

SCATX has higher volatility (7.81%) compared to AIO (7.09%). In terms of maximum drawdown, SCATX dropped -66.92% vs AIO's -44.88%.

Which has better risk-adjusted returns?

AIO currently has the higher Sharpe Ratio (0.79 vs -0.20), 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.