AOA vs. ASET

Last updated Jun 26, 2026

AOA (iShares Core 80/20 Aggressive Allocation ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds - AOA tracks the S&P Target Risk Aggressive Index while ASET tracks the Northern Trust Real Assets Allocation Total Return. Both are passively managed. AOA charges 0.15%/yr vs 0.57%/yr for ASET.

Performance

AOA vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core 80/20 Aggressive Allocation ETF (AOA) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AOA

• 1D: 0.33%
• 1M: -0.91%
• YTD: 8.51%
• 6M: 7.69%
• 1Y: 20.66%
• 3Y*: 16.81%
• 5Y*: 8.77%
• 10Y*: 10.92%

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOA vs. ASET - Yearly Performance Comparison

	2026 (YTD)
AOA iShares Core 80/20 Aggressive Allocation ETF	6.97%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

AOA vs. ASET — Risk / Return Rank

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

AOA

AOA Risk / Return Rank: 65
AOA Sharpe Ratio Rank: 66
AOA Sortino Ratio Rank: 65
AOA Omega Ratio Rank: 67
AOA Calmar Ratio Rank: 60
AOA Martin Ratio Rank: 69

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AOA vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	AOA	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.53	—	—
Martin ratio: Return relative to average drawdown	10.94	—	—

Drawdowns

AOA vs. ASET - Drawdown Comparison

The maximum AOA drawdown since its inception was -28.38%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AOA and ASET.

Drawdown Indicators

	AOA	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-28.38%	0.00%	-28.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.38%	—	—
Current Drawdown Current decline from peak	-1.78%	0.00%	-1.78%
Average Drawdown Average peak-to-trough decline	-4.04%	0.00%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	—	—

Volatility

Volatility by Period

	AOA	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	0.00%	+11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	0.00%	+13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.51%	0.00%	+13.51%

AOA vs. ASET - Expense Ratio Comparison

AOA has a 0.15% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

AOA vs. ASET - Dividend Comparison

AOA's dividend yield for the trailing twelve months is around 2.07%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOA iShares Core 80/20 Aggressive Allocation ETF	2.07%	2.18%	2.30%	2.22%	2.10%	1.67%	1.71%	2.50%	2.37%	5.09%	2.26%	2.15%
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, AOA or ASET?

On fees, AOA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AOA or ASET?

AOA is cheaper with a 0.15% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, AOA or ASET?

AOA has the higher dividend yield at 2.07%, compared with 0.00% for ASET.

What is the main difference between AOA and ASET?

AOA tracks S&P Target Risk Aggressive Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.15% for AOA and 0.57% for ASET.