AIO vs IVV
Virtus Artificial Intelligence & Technology Opportunities Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AIO delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AIO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.47% | 0.03% | |
| AUM | $1.0B | $907.0B | |
| Dividend Yield | 11.01% | 1.10% | |
| Holdings | 101 | 508 | |
| YTD Return | +27.40% | +13.51% | |
| 1Y Return | +22.91% | +20.65% | |
| 3Y Return (annualized) | +26.26% | +21.94% | |
| 5Y Return (annualized) | +12.16% | +12.95% | |
| Volatility (annualized) | 22.0% | 15.1% | |
| Max Drawdown | -45.2% | -56.5% | |
| Fund Family | Virtus Investment Partners | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 31, 2019 | May 15, 2000 |
AIO vs IVV Performance
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is a ETF from Virtus Investment Partners and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AIO returned +22.91% while IVV returned +20.65%. Year to date, AIO is up 27.40% versus a gain of 13.51% for IVV.
Over three years, AIO compounded at +26.26% per year against +21.94% for IVV; over five years the annualized figures are +12.16% and +12.95% respectively. Across the full 7-year window we track, AIO has the edge at +14.62% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIO has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.2% for AIO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIO charges 1.47% per year while IVV charges 0.03%. On a $10,000 position that is $147 vs $3 annually, a gap of $144 per year that compounds over a long holding period. On income, AIO currently yields 11.01% against 1.10% for IVV.
Holdings Overlap
AIO and IVV share 42 holdings out of 548 unique holdings combined, representing a 24.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AIO or IVV?
AIO has an expense ratio of 1.47% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $144 per year of difference.
Which performed better, AIO or IVV?
Over the past year AIO returned +22.91% vs +20.65% for IVV, so AIO leads on 1-year performance. Over the longest common window we track (7 years), AIO annualized +14.62% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, AIO or IVV?
AIO has been the more volatile fund at 22.0% annualized versus 15.1% for IVV. Worst drawdown: AIO -45.2% vs IVV -56.5%.
Should I hold both AIO and IVV?
AIO and IVV have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AIO and IVV?
AIO and IVV share 42 common holdings with a 24.2% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, AIO or IVV?
AIO yields 11.01% while IVV yields 1.10%, so AIO currently pays the higher dividend yield.
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