AOA vs. IBIT
AOA (iShares Core 80/20 Aggressive Allocation ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, AOA returned 24.17% vs -39.60% for IBIT. At a 0.41 correlation, their price movements are largely independent. AOA charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
AOA vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, AOA achieves a 10.13% return, which is significantly higher than IBIT's -27.45% return.
AOA
- 1D
- 0.18%
- 1M
- 3.39%
- YTD
- 10.13%
- 6M
- 10.89%
- 1Y
- 24.17%
- 3Y*
- 17.70%
- 5Y*
- 9.19%
- 10Y*
- 10.53%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 10.13% | 19.59% | 14.12% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between AOA and IBIT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.41 |
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Return for Risk
AOA vs. IBIT — Risk / Return Rank
AOA
IBIT
AOA vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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.
| AOA | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.19 | ||
| Sortino ratioReturn per unit of downside risk | +4.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.86 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | -0.80 | +3.76 |
| Martin ratioReturn relative to average drawdown | 13.13 | -1.39 | +14.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOA | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | -0.91 | +3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.27 | +0.42 |
Drawdowns
AOA vs. IBIT - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for AOA and IBIT.
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Drawdown Indicators
| AOA | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.38% | -49.47% | +21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -49.47% | +41.27% |
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 | -0.31% | -49.47% | +49.16% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -16.07% | +12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 28.61% | -26.76% |
Volatility
AOA vs. IBIT - Volatility Comparison
The current volatility for iShares Core 80/20 Aggressive Allocation ETF (AOA) is 3.16%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that AOA experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOA | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 9.14% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 33.89% | -25.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.63% | 43.76% | -33.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 50.18% | -37.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.54% | 50.18% | -36.64% |
AOA vs. IBIT - Expense Ratio Comparison
AOA has a 0.15% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, 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. IBIT - Dividend Comparison
AOA's dividend yield for the trailing twelve months is around 2.04%, while IBIT 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 | 2.04% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
IBIT iShares Bitcoin Trust ETF | 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
AOA and IBIT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to AOA (3.16%). In terms of maximum drawdown, AOA dropped -28.38% vs IBIT's -49.47%.
On 1-year performance, AOA leads with 24.17% vs -39.60% for IBIT. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 3.16%. 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 24.17% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
AOA has the higher dividend yield at 2.04%, compared with 0.00% for IBIT.
AOA is categorized as Diversified Portfolio, while IBIT is Cryptocurrency. AOA tracks S&P Target Risk Aggressive Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for AOA and 0.25% for IBIT.
AOA currently has the higher Sharpe Ratio (2.28 vs -0.91), 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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