AOA vs. FLDR
AOA (iShares Core 80/20 Aggressive Allocation ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. Over the past 5 years, AOA returned 8.87%/yr vs 3.70%/yr for FLDR. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
AOA vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 8.89% return, which is significantly higher than FLDR's 1.58% return.
AOA
- 1D
- 0.39%
- 1M
- 0.15%
- YTD
- 8.89%
- 6M
- 9.56%
- 1Y
- 22.80%
- 3Y*
- 16.56%
- 5Y*
- 8.87%
- 10Y*
- 10.68%
FLDR
- 1D
- 0.06%
- 1M
- 0.43%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
AOA vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.89% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -9.25% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.58% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between AOA and FLDR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.09 |
The correlation between AOA and FLDR shifts across timeframes, from 0.09 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AOA vs. FLDR — Risk / Return Rank
AOA
FLDR
AOA vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) and Fidelity Low Duration Bond Factor ETF (FLDR). 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 | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.97 | ||
| Sortino ratioReturn per unit of downside risk | -7.30 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.73 | -1.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 10.19 | -7.57 |
| Martin ratioReturn relative to average drawdown | 11.41 | 69.63 | -58.21 |
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Drawdowns
AOA vs. FLDR - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for AOA and FLDR.
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Drawdown Indicators
| AOA | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -12.23% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -0.47% | -7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -0.76% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -2.33% | -21.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.38% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | 0.00% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -0.35% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.07% | +1.82% |
Volatility
AOA vs. FLDR - Volatility Comparison
iShares Core 80/20 Aggressive Allocation ETF (AOA) has a higher volatility of 4.31% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.20%. This indicates that AOA's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOA | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 0.20% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 0.59% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 0.81% | +10.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 1.21% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.57% | 5.25% | +8.32% |
AOA vs. FLDR - Expense Ratio Comparison
Both AOA and FLDR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AOA vs. FLDR - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.06%, less than FLDR's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.06% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOA and FLDR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOA has higher volatility (4.31%) compared to FLDR (0.20%). In terms of maximum drawdown, AOA dropped -28.38% vs FLDR's -12.23%.
On 5-year performance, AOA leads with 8.87% vs 3.70% for FLDR. Both ETFs have the same 0.15% expense ratio. On volatility, FLDR has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 8.87% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA and FLDR have the same expense ratio: 0.15% per year.
FLDR has the higher dividend yield at 4.42%, compared with 2.06% for AOA.
AOA is categorized as Diversified Portfolio, while FLDR is Corporate Bonds. AOA tracks S&P Target Risk Aggressive Index, while FLDR tracks Fidelity Low Duration Investment Grade Factor Index. They also come from different issuers: iShares and Fidelity.
FLDR currently has the higher Sharpe Ratio (5.90 vs 1.93), 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.
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