AIVL vs. AOA
Compare and contrast key facts about WisdomTree U.S. Al Enhanced Value Fund (AIVL) and iShares Core Aggressive Allocation ETF (AOA).
AIVL and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIVL is an actively managed fund by WisdomTree. It was launched on Jun 16, 2006. 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: AIVL or AOA.
Key characteristics
| AIVL | AOA | |
|---|---|---|
| YTD Return | 14.74% | 12.87% |
| 1Y Return | 19.24% | 19.65% |
| 3Y Return (Ann) | 6.69% | 4.66% |
| 5Y Return (Ann) | 7.31% | 9.12% |
| 10Y Return (Ann) | 7.19% | 7.73% |
| Sharpe Ratio | 1.82 | 1.99 |
| Daily Std Dev | 11.46% | 10.33% |
| Max Drawdown | -62.48% | -28.38% |
| Current Drawdown | -0.96% | -0.31% |
Correlation
The correlation between AIVL and AOA is 0.84, 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
AIVL vs. AOA - Performance Comparison
In the year-to-date period, AIVL achieves a 14.74% return, which is significantly higher than AOA's 12.87% return. Over the past 10 years, AIVL has underperformed AOA with an annualized return of 7.19%, while AOA has yielded a comparatively higher 7.73% annualized 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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AIVL vs. AOA - Expense Ratio Comparison
AIVL has a 0.38% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
AIVL vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Al Enhanced Value Fund (AIVL) 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
AIVL vs. AOA - Dividend Comparison
AIVL's dividend yield for the trailing twelve months is around 2.21%, more than AOA's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVL WisdomTree U.S. Al Enhanced Value Fund | 2.21% | 2.43% | 2.08% | 2.75% | 3.55% | 3.25% | 4.18% | 3.16% | 3.20% | 3.21% | 3.07% | 2.86% |
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
AIVL vs. AOA - Drawdown Comparison
The maximum AIVL drawdown since its inception was -62.48%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for AIVL and AOA. For additional features, visit the drawdowns tool.
Volatility
AIVL vs. AOA - Volatility Comparison
The current volatility for WisdomTree U.S. Al Enhanced Value Fund (AIVL) is 2.77%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 3.30%. This indicates that AIVL experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.