AOA vs. IBIC
AOA (iShares Core 80/20 Aggressive Allocation ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, AOA returned 21.66% vs 4.42% for IBIC. At a 0.02 correlation, their price movements are largely independent. AOA charges 0.15%/yr vs 0.10%/yr for IBIC.
Performance
AOA vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 8.19% return, which is significantly higher than IBIC's 2.43% return.
AOA
- 1D
- -1.54%
- 1M
- -0.18%
- YTD
- 8.19%
- 6M
- 7.63%
- 1Y
- 21.66%
- 3Y*
- 16.66%
- 5Y*
- 8.78%
- 10Y*
- 10.74%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOA vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.19% | 19.59% | 13.55% | 6.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between AOA and IBIC is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between AOA and IBIC shifts across timeframes, from -0.21 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AOA vs. IBIC — Risk / Return Rank
AOA
IBIC
AOA vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 80/20 Aggressive Allocation ETF (AOA) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -6.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.22 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 16.56 | -13.91 |
| Martin ratioReturn relative to average drawdown | 11.52 | 58.67 | -47.16 |
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Drawdowns
AOA vs. IBIC - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for AOA and IBIC.
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Drawdown Indicators
| AOA | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -0.90% | -27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -0.27% | -7.93% |
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 DrawdownCurrent decline from peak | -2.08% | -0.08% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -0.10% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.08% | +1.80% |
Volatility
AOA vs. IBIC - Volatility Comparison
iShares Core 80/20 Aggressive Allocation ETF (AOA) has a higher volatility of 4.43% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that AOA's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOA | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 0.17% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 0.67% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 0.89% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 1.56% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 1.56% | +11.95% |
AOA vs. IBIC - Expense Ratio Comparison
AOA has a 0.15% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AOA vs. IBIC - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.08%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOA and IBIC have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOA has higher volatility (4.43%) compared to IBIC (0.17%). In terms of maximum drawdown, AOA dropped -28.38% vs IBIC's -0.90%.
On 1-year performance, AOA leads with 21.66% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AOA has performed better with a 21.66% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.15% for AOA.
IBIC has the higher dividend yield at 3.58%, compared with 2.08% for AOA.
AOA is categorized as Diversified Portfolio, while IBIC is Inflation-Protected Bonds. AOA tracks S&P Target Risk Aggressive Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.15% for AOA and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 1.94), 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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