TEFQX vs. AIO
TEFQX (Firsthand Technology Opportunities Fund) and AIO (Virtus Artificial Intelligence & Technology Opportunities Fund) are both mutual funds - TEFQX is a Technology Equities fund managed by Firsthand Funds, while AIO is a Artificial Intelligence fund managed by Virtus. Over the past 5 years, TEFQX returned -20.09%/yr vs 12.21%/yr for AIO. Their 0.64 correlation means they have sometimes moved together and sometimes differently. TEFQX charges 1.85%/yr vs 1.41%/yr for AIO.
Performance
TEFQX vs. AIO - Performance Comparison
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Returns By Period
In the year-to-date period, TEFQX achieves a -4.07% return, which is significantly lower than AIO's 25.71% return.
TEFQX
- 1D
- 4.42%
- 1M
- -10.61%
- 6M
- 1.94%
- YTD
- -4.07%
- 1Y
- -5.22%
- 3Y*
- -1.54%
- 5Y*
- -20.09%
- 10Y*
- 4.26%
- ALL TIME*
- -0.43%
AIO
- 1D
- 2.43%
- 1M
- -2.75%
- 6M
- 20.52%
- YTD
- 25.71%
- 1Y
- 20.20%
- 3Y*
- 25.14%
- 5Y*
- 12.21%
- 10Y*
- —
- ALL TIME*
- 16.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.07M | $1.87M | $2.13M | |
| $0.00 | $0.00 | $0.00 |
TEFQX vs. AIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TEFQX Firsthand Technology Opportunities Fund | -4.07% | 29.82% | -22.02% | 10.81% | -60.11% | -16.48% | 97.04% | 1.72% |
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 25.71% | 0.48% | 54.48% | 19.27% | -28.06% | 13.51% | 46.27% | 1.05% |
Correlation
The correlation between TEFQX and AIO is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2019 | 0.64 |
The correlation between TEFQX and AIO has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
TEFQX vs. AIO — Risk / Return Rank
TEFQX
AIO
TEFQX vs. AIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) 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.
| TEFQX | AIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.49 | -1.57 |
| Martin ratioReturn relative to average drawdown | -0.17 | 4.38 | -4.55 |
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Drawdowns
TEFQX vs. AIO - Drawdown Comparison
The maximum TEFQX drawdown since its inception was -92.33%, which is greater than AIO's maximum drawdown of -44.88%. Use the drawdown chart below to compare losses from any high point for TEFQX and AIO.
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Drawdown Indicators
| TEFQX | AIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.33% | -44.88% | -47.45% |
Max Drawdown (1Y)Largest decline over 1 year | -31.51% | -13.59% | -17.92% |
Max Drawdown (3Y)Largest decline over 3 years | -61.62% | -30.23% | -31.39% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -37.39% | -40.41% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | — | — |
Current DrawdownCurrent decline from peak | -70.28% | -7.34% | -62.94% |
Average DrawdownAverage peak-to-trough decline | -60.17% | -10.81% | -49.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.91% | 4.62% | +9.29% |
Volatility
TEFQX vs. AIO - Volatility Comparison
Firsthand Technology Opportunities Fund (TEFQX) has a higher volatility of 13.55% compared to Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) at 7.45%. This indicates that TEFQX'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.
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Volatility by Period
| TEFQX | AIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.55% | 7.45% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 31.90% | 15.91% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.36% | 20.12% | +18.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.44% | 22.42% | +52.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.81% | 26.85% | +28.96% |
TEFQX vs. AIO - Expense Ratio Comparison
TEFQX has a 1.85% expense ratio, which is higher than AIO's 1.41% expense ratio.
Dividends
TEFQX vs. AIO - Dividend Comparison
TEFQX has not paid dividends to shareholders, while AIO's dividend yield for the trailing twelve months is around 11.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIO Virtus Artificial Intelligence & Technology Opportunities Fund | 11.68% | 13.75% | 7.30% | 10.34% | 11.12% | 19.97% | 9.31% | 0.54% | 0.00% | 0.00% | 0.00% |
TEFQX Firsthand Technology Opportunities Fund | 0.00% | 0.00% | 0.00% | 1.91% | 54.72% | 6.88% | 15.27% | 5.54% | 0.00% | 0.00% | 27.74% |
Frequently Asked Questions
TEFQX and AIO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEFQX has higher volatility (13.55%) compared to AIO (7.45%). In terms of maximum drawdown, TEFQX dropped -92.33% vs AIO's -44.88%.
AIO currently has the higher Sharpe Ratio (1.01 vs -0.06), 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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