AOK vs. AOA
Compare and contrast key facts about iShares Core Conservative Allocation ETF (AOK) and iShares Core Aggressive Allocation ETF (AOA).
AOK and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOK is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Conservative Index. It was launched on Nov 4, 2008. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both AOK and AOA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOK or AOA.
Key characteristics
| AOK | AOA | |
|---|---|---|
| YTD Return | 7.06% | 14.90% |
| 1Y Return | 12.89% | 22.27% |
| 3Y Return (Ann) | 0.70% | 4.44% |
| 5Y Return (Ann) | 3.45% | 8.87% |
| 10Y Return (Ann) | 3.96% | 7.92% |
| Sharpe Ratio | 2.47 | 2.53 |
| Sortino Ratio | 3.67 | 3.56 |
| Omega Ratio | 1.46 | 1.47 |
| Calmar Ratio | 1.40 | 3.40 |
| Martin Ratio | 14.67 | 16.66 |
| Ulcer Index | 0.99% | 1.49% |
| Daily Std Dev | 5.89% | 9.81% |
| Max Drawdown | -18.93% | -28.38% |
| Current Drawdown | -1.82% | -1.22% |
Correlation
The correlation between AOK and AOA is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOK vs. AOA - Performance Comparison
In the year-to-date period, AOK achieves a 7.06% return, which is significantly lower than AOA's 14.90% return. Over the past 10 years, AOK has underperformed AOA with an annualized return of 3.96%, while AOA has yielded a comparatively higher 7.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOK vs. AOA - Expense Ratio Comparison
Both AOK and AOA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOK vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and iShares Core Aggressive Allocation ETF (AOA). 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.
Dividends
AOK vs. AOA - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.11%, more than AOA's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.11% | 2.93% | 2.25% | 1.55% | 2.10% | 2.72% | 2.68% | 2.91% | 2.14% | 2.02% | 2.08% | 1.82% |
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
AOK vs. AOA - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.93%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for AOK and AOA. For additional features, visit the drawdowns tool.
Volatility
AOK vs. AOA - Volatility Comparison
The current volatility for iShares Core Conservative Allocation ETF (AOK) is 1.56%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 2.64%. This indicates that AOK experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.