AAAA vs. AOR

Last updated Jul 17, 2026

AAAA (Amplius Aggressive Asset Allocation ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. AAAA is actively managed, while AOR is passively managed. Over the past year, AAAA returned 21.98% vs 15.49% for AOR. Their correlation of 0.94 suggests significant overlap in exposure. AAAA charges 0.49%/yr vs 0.15%/yr for AOR.

Performance

AAAA vs. AOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplius Aggressive Asset Allocation ETF (AAAA) and iShares Core 60/40 Balanced Allocation ETF (AOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAA achieves a 10.99% return, which is significantly higher than AOR's 7.08% return.

AAAA

• 1D: -0.68%
• 1M: -0.71%
• 6M: 9.20%
• YTD: 10.99%
• 1Y: 21.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AOR

• 1D: -0.43%
• 1M: -0.53%
• 6M: 5.22%
• YTD: 7.08%
• 1Y: 15.49%
• 3Y*: 12.81%
• 5Y*: 6.87%
• 10Y*: 8.17%

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

AAAA vs. AOR - Yearly Performance Comparison

	2026 (YTD)	2025
AAAA Amplius Aggressive Asset Allocation ETF	10.99%	10.11%
AOR iShares Core 60/40 Balanced Allocation ETF	7.08%	8.12%

Correlation

The correlation between AAAA and AOR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.94

The correlation between AAAA and AOR has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

AAAA vs. AOR — Risk / Return Rank

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

AAAA

AAAA Risk / Return Rank: 74
AAAA Sharpe Ratio Rank: 74
AAAA Sortino Ratio Rank: 73
AAAA Omega Ratio Rank: 73
AAAA Calmar Ratio Rank: 70
AAAA Martin Ratio Rank: 81

AOR

AOR Risk / Return Rank: 65
AOR Sharpe Ratio Rank: 66
AOR Sortino Ratio Rank: 67
AOR Omega Ratio Rank: 67
AOR Calmar Ratio Rank: 58
AOR Martin Ratio Rank: 69

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.

AAAA vs. AOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplius Aggressive Asset Allocation ETF (AAAA) and iShares Core 60/40 Balanced Allocation ETF (AOR). 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.

	AAAA	AOR	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.73	+0.15
Sortino ratio: Return per unit of downside risk	2.64	2.46	+0.18
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.82	2.34	+0.48
Martin ratio: Return relative to average drawdown	12.21	9.97	+2.24

AAAA vs. AOR - Sharpe Ratio Comparison

The current AAAA Sharpe Ratio is 1.88, which is comparable to the AOR Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of AAAA and AOR, 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

AAAA vs. AOR - Drawdown Comparison

The maximum AAAA drawdown since its inception was -7.83%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for AAAA and AOR.

Drawdown Indicators

	AAAA	AOR	Difference
Max Drawdown Largest peak-to-trough decline	-7.83%	-24.44%	+16.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-6.64%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.95%	—
Current Drawdown Current decline from peak	-1.79%	-0.81%	-0.98%
Average Drawdown Average peak-to-trough decline	-1.08%	-3.46%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.56%	+0.24%

Volatility

AAAA vs. AOR - Volatility Comparison

Amplius Aggressive Asset Allocation ETF (AAAA) has a higher volatility of 3.42% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 2.60%. This indicates that AAAA's price experiences larger fluctuations and is considered to be riskier than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAAA	AOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.60%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	7.64%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	8.99%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	10.66%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.73%	10.64%	+1.09%

AAAA vs. AOR - Expense Ratio Comparison

AAAA has a 0.49% expense ratio, which is higher than AOR's 0.15% expense ratio.

Dividends

AAAA vs. AOR - Dividend Comparison

AAAA's dividend yield for the trailing twelve months is around 1.29%, less than AOR's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAAA Amplius Aggressive Asset Allocation ETF	1.29%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AOR iShares Core 60/40 Balanced Allocation ETF	2.57%	2.55%	2.66%	2.50%	2.12%	1.64%	1.89%	2.56%	2.49%	4.51%	2.16%	2.12%

Frequently Asked Questions

Can I hold both AAAA and AOR in my portfolio?

With a correlation of 0.94, AAAA and AOR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AAAA or AOR?

AAAA has higher volatility (3.42%) compared to AOR (2.60%). In terms of maximum drawdown, AAAA dropped -7.83% vs AOR's -24.44%.

Which ETF is better, AAAA or AOR?

On 1-year performance, AAAA leads with 21.98% vs 15.49% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAAA or AOR?

Over the 1-year period, AAAA has performed better with a 21.98% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAAA or AOR?

AOR is cheaper with a 0.15% expense ratio, compared with 0.49% for AAAA.

Which ETF pays a higher dividend yield, AAAA or AOR?

AOR has the higher dividend yield at 2.57%, compared with 1.29% for AAAA.

What is the main difference between AAAA and AOR?

They also come from different issuers: Amplius and iShares. Their fees differ too: 0.49% for AAAA and 0.15% for AOR.

Which has better risk-adjusted returns?

AAAA currently has the higher Sharpe Ratio (1.88 vs 1.73), 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.