AOA vs. AOK
Compare and contrast key facts about iShares Core Aggressive Allocation ETF (AOA) and iShares Core Conservative Allocation ETF (AOK).
AOA and AOK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AOK is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Conservative Index. It was launched on Nov 4, 2008. Both AOA and AOK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOA or AOK.
Key characteristics
| AOA | AOK | |
|---|---|---|
| YTD Return | 15.08% | 7.12% |
| 1Y Return | 25.06% | 14.60% |
| 3Y Return (Ann) | 4.50% | 0.72% |
| 5Y Return (Ann) | 9.02% | 3.50% |
| 10Y Return (Ann) | 7.94% | 3.96% |
| Sharpe Ratio | 2.54 | 2.47 |
| Sortino Ratio | 3.56 | 3.66 |
| Omega Ratio | 1.47 | 1.46 |
| Calmar Ratio | 2.69 | 1.27 |
| Martin Ratio | 16.70 | 14.76 |
| Ulcer Index | 1.49% | 0.98% |
| Daily Std Dev | 9.81% | 5.89% |
| Max Drawdown | -28.38% | -18.93% |
| Current Drawdown | -1.07% | -1.77% |
Correlation
The correlation between AOA and AOK is 0.78, 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
AOA vs. AOK - Performance Comparison
In the year-to-date period, AOA achieves a 15.08% return, which is significantly higher than AOK's 7.12% return. Over the past 10 years, AOA has outperformed AOK with an annualized return of 7.94%, while AOK has yielded a comparatively lower 3.96% 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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AOA vs. AOK - Expense Ratio Comparison
Both AOA and AOK have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOA vs. AOK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Aggressive Allocation ETF (AOA) and iShares Core Conservative Allocation ETF (AOK). 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
AOA vs. AOK - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.10%, less than AOK's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
AOK iShares Core Conservative Allocation ETF | 3.11% | 2.93% | 2.25% | 1.55% | 2.10% | 2.72% | 2.68% | 2.91% | 2.14% | 2.02% | 2.08% | 1.82% |
Drawdowns
AOA vs. AOK - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, which is greater than AOK's maximum drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for AOA and AOK. For additional features, visit the drawdowns tool.
Volatility
AOA vs. AOK - Volatility Comparison
iShares Core Aggressive Allocation ETF (AOA) has a higher volatility of 2.74% compared to iShares Core Conservative Allocation ETF (AOK) at 1.56%. This indicates that AOA's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.