AGOX vs. AOA
Compare and contrast key facts about Adaptive Alpha Opportunities ETF (AGOX) and iShares Core Aggressive Allocation ETF (AOA).
AGOX and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGOX is managed by Adaptive Funds. It was launched on Sep 20, 2012. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGOX or AOA.
Key characteristics
| AGOX | AOA | |
|---|---|---|
| YTD Return | 16.70% | 12.87% |
| 1Y Return | 20.98% | 19.65% |
| 3Y Return (Ann) | 3.96% | 4.66% |
| Sharpe Ratio | 1.36 | 1.99 |
| Daily Std Dev | 16.26% | 10.33% |
| Max Drawdown | -27.73% | -28.38% |
| Current Drawdown | -3.95% | -0.31% |
Correlation
The correlation between AGOX and AOA is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AGOX vs. AOA - Performance Comparison
In the year-to-date period, AGOX achieves a 16.70% return, which is significantly higher than AOA's 12.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGOX vs. AOA - Expense Ratio Comparison
AGOX has a 1.69% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
AGOX vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and iShares Core Aggressive Allocation ETF (AOA). 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.
Dividends
AGOX vs. AOA - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 0.23%, less than AOA's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 0.23% | 0.27% | 0.20% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.08% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
AGOX vs. AOA - Drawdown Comparison
The maximum AGOX drawdown since its inception was -27.73%, roughly equal to the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for AGOX and AOA. For additional features, visit the drawdowns tool.
Volatility
AGOX vs. AOA - Volatility Comparison
Adaptive Alpha Opportunities ETF (AGOX) has a higher volatility of 6.90% compared to iShares Core Aggressive Allocation ETF (AOA) at 3.30%. This indicates that AGOX's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.