AIO vs TOKE
Virtus Artificial Intelligence & Technology Opportunities Fund vs Cambria Cannabis ETF
Which is better, AIO or TOKE?
AIO has been ahead.
TOKE has a lower expense ratio. AIO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AIO | TOKE |
|---|---|---|
| Expense Ratio | 1.47% | 0.44%Best |
| AUM | $944M | $14M |
| Dividend Yield | 11.21% | 1.06% |
| Holdings | 102 | 24 |
| Volatility (annualized) | 21.5%Best | 35.5% |
| Max Drawdown | -45.2%Best | -83.3% |
| $10,000 over 6.5 years | $22,581Best | $3,757 |
| Fund Family | Virtus Investment Partners | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Oct 31, 2019 | Jul 25, 2019 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 180 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AIO has data through Oct 14, 2026 and TOKE through Apr 17, 2026.
Volatility and max drawdown, and the $10,000 over 6.5 years row, are measured over the window both funds cover: Oct 29, 2019 to Apr 17, 2026 (6.5 years).
Risk: Volatility and Drawdowns
TOKE has been the more volatile fund, with annualized monthly volatility of 35.5% compared with 21.5% for AIO. 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 -83.3% for TOKE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AIO charges 1.47% per year while TOKE charges 0.44%. On a $10,000 position that is $147 vs $44 annually, a gap of $103 per year that compounds over a long holding period. On income, AIO currently yields 11.21% against 1.06% for TOKE.
Holdings Overlap
We hold position weights for 108 holdings in AIO and 16 in TOKE, totalling 71.8% and 69.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 213 days apart, AIO as of Aug 31, 2026 and TOKE as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 108 positions we hold weights for in AIO and 16 in TOKE, against full books of 102 and 24.
You are not choosing between two funds in isolation.
Whichever of AIO and TOKE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AIO or TOKE?
AIO has an expense ratio of 1.47% while TOKE charges 0.44%. TOKE is the cheaper option, by $103 a year on a $10,000 investment.
Which is riskier, AIO or TOKE?
TOKE has been the more volatile fund at 35.5% annualized versus 21.5% for AIO. Worst drawdown: AIO -45.2% vs TOKE -83.3%.
Should I hold both AIO and TOKE?
AIO and TOKE have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AIO or TOKE?
AIO yields 11.21% while TOKE yields 1.06%, so AIO currently pays the higher dividend yield.
Is TOKE better than AIO?
TOKE has a lower expense ratio. AIO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.