STVTX vs. AIO

Last updated Jun 4, 2026

STVTX (Virtus Ceredex Large-Cap Value Equity Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - STVTX is a Large Cap Value Equities fund managed by Virtus, while AIO is a Technology Equities fund managed by Virtus. Over the past 5 years, STVTX returned 8.44%/yr vs 13.20%/yr for AIO. A 0.62 correlation means they provide meaningful diversification when combined. STVTX charges 0.97%/yr vs 1.41%/yr for AIO.

Performance

STVTX vs. AIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Ceredex Large-Cap Value Equity Fund (STVTX) 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, STVTX achieves a 14.77% return, which is significantly lower than AIO's 30.26% return.

STVTX

• 1D: 1.09%
• 1M: 3.83%
• YTD: 14.77%
• 6M: 14.96%
• 1Y: 28.88%
• 3Y*: 17.21%
• 5Y*: 8.44%
• 10Y*: 10.42%

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)

STVTX vs. AIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
STVTX Virtus Ceredex Large-Cap Value Equity Fund	14.77%	11.95%	9.91%	14.84%	-13.97%	25.70%	3.75%	6.26%
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 STVTX and AIO is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019	0.62

The correlation between STVTX and AIO has been stable across timeframes, ranging from 0.54 to 0.64 - a consistent structural relationship.

Return for Risk

STVTX vs. AIO — Risk / Return Rank

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

STVTX

STVTX Risk / Return Rank: 65
STVTX Sharpe Ratio Rank: 58
STVTX Sortino Ratio Rank: 58
STVTX Omega Ratio Rank: 51
STVTX Calmar Ratio Rank: 81
STVTX Martin Ratio Rank: 75

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.

STVTX vs. AIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Large-Cap Value Equity Fund (STVTX) 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.

	STVTX	AIO	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.68	+0.58
Sortino ratio: Return per unit of downside risk	3.21	2.41	+0.80
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.11
Calmar ratio: Return relative to maximum drawdown	3.75	2.62	+1.13
Martin ratio: Return relative to average drawdown	14.17	7.77	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STVTX vs. AIO - Sharpe Ratio Comparison

The current STVTX Sharpe Ratio is 2.25, which is higher than the AIO Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of STVTX 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.

Sharpe Ratios by Period

	STVTX	AIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.68	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.60	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.66	-0.14

Drawdowns

STVTX vs. AIO - Drawdown Comparison

The maximum STVTX drawdown since its inception was -53.12%, which is greater than AIO's maximum drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for STVTX and AIO.

Drawdown Indicators

	STVTX	AIO	Difference
Max Drawdown Largest peak-to-trough decline	-53.12%	-44.88%	-8.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.06%	-11.42%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-29.49%	-30.23%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-29.49%	-37.39%	+7.90%
Max Drawdown (10Y) Largest decline over 10 years	-41.46%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.69%	-10.96%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.84%	-1.71%

Volatility

STVTX vs. AIO - Volatility Comparison

The current volatility for Virtus Ceredex Large-Cap Value Equity Fund (STVTX) is 4.16%, while Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) has a volatility of 5.68%. This indicates that STVTX 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.

Volatility by Period

	STVTX	AIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	5.68%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	13.37%	-2.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	17.86%	-4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	22.04%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.33%	26.87%	-6.54%

STVTX vs. AIO - Expense Ratio Comparison

STVTX has a 0.97% expense ratio, which is lower than AIO's 1.41% expense ratio.

Dividends

STVTX vs. AIO - Dividend Comparison

STVTX's dividend yield for the trailing twelve months is around 13.11%, 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%
STVTX Virtus Ceredex Large-Cap Value Equity Fund	13.11%	15.05%	22.34%	2.47%	11.17%	31.52%	5.63%	6.98%	29.94%	17.07%	0.39%	10.54%

Frequently Asked Questions

Can I hold both STVTX and AIO in my portfolio?

STVTX and AIO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STVTX or AIO?

AIO has higher volatility (5.68%) compared to STVTX (4.16%). In terms of maximum drawdown, STVTX dropped -53.12% vs AIO's -44.88%.

Which has better risk-adjusted returns?

STVTX currently has the higher Sharpe Ratio (2.25 vs 1.68), 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.