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 21.14% vs -43.08% for IBIT. Their 0.41 correlation means their historical movements had little consistent relationship. 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 11.69% return, which is significantly higher than IBIT's -26.00% return.
AOA
- 1D
- 0.02%
- 1M
- 1.40%
- 6M
- 8.97%
- YTD
- 11.69%
- 1Y
- 21.14%
- 3Y*
- 17.01%
- 5Y*
- 9.16%
- 10Y*
- 10.40%
- ALL TIME*
- 10.57%
IBIT
- 1D
- 0.96%
- 1M
- 1.72%
- 6M
- -11.62%
- YTD
- -26.00%
- 1Y
- -43.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.35M | $10.64M | $10.47M | |
| $1.32B | $1.30B | $1.64B |
AOA vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 11.69% | 19.59% | 14.13% |
IBIT iShares Bitcoin Trust ETF | -26.00% | -6.41% | 89.87% |
Correlation
The correlation between AOA and IBIT is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.84 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.81 | +3.40 |
| Martin ratioReturn relative to average drawdown | 10.91 | -1.23 | +12.14 |
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Drawdowns
AOA vs. IBIT - Drawdown Comparison
The maximum AOA drawdown since its inception was -28.38%, smaller than the maximum IBIT drawdown of -53.30%. 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% | -53.30% | +24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -53.30% | +45.10% |
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 | 0.00% | -48.46% | +48.46% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -18.39% | +14.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 35.07% | -33.13% |
Volatility
AOA vs. IBIT - Volatility Comparison
The current volatility for iShares Core 80/20 Aggressive Allocation ETF (AOA) is 3.36%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.34%. 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 | 3.36% | 8.34% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 33.03% | -23.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 44.38% | -32.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 49.50% | -36.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.51% | 49.50% | -35.99% |
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 2.08%, 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 | 2.08% | 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 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.34%) compared to AOA (3.36%). In terms of maximum drawdown, AOA dropped -28.38% vs IBIT's -53.30%.
On 1-year performance, AOA leads with 21.14% vs -43.08% for IBIT. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 3.36%. 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 21.14% return vs -43.08%. 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 2.08%, 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 (1.85 vs -0.97), 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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