AOK vs. ASET

Last updated Jun 4, 2026

AOK (iShares Core Conservative Allocation ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds - AOK tracks the S&P Target Risk Conservative Index while ASET tracks the Northern Trust Real Assets Allocation Total Return. Both are passively managed. AOK charges 0.25%/yr vs 0.57%/yr for ASET.

Performance

AOK vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Conservative Allocation ETF (AOK) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AOK

• 1D: -0.41%
• 1M: 1.66%
• YTD: 4.26%
• 6M: 4.14%
• 1Y: 12.11%
• 3Y*: 9.28%
• 5Y*: 3.71%
• 10Y*: 5.14%

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AOK vs. ASET - Yearly Performance Comparison

	2026 (YTD)
AOK iShares Core Conservative Allocation ETF	2.34%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

AOK vs. ASET - Sectors Allocation Comparison

Sectors	AOK	ASET
Technology	13.0%	0.2%
Financial Services	6.0%	-
Industrials	3.6%	16.3%
Communication Services	3.4%	12.1%
Consumer Cyclical	3.2%	0.1%
Healthcare	3.0%	2.2%
Consumer Defensive	1.7%	1.1%
Energy	1.5%	7.8%
Basic Materials	1.1%	5.8%
Utilities	0.9%	12.8%
Real Estate	0.5%	41.6%

Return for Risk

AOK vs. ASET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOK

AOK Risk / Return Rank: 61
AOK Sharpe Ratio Rank: 61
AOK Sortino Ratio Rank: 64
AOK Omega Ratio Rank: 65
AOK Calmar Ratio Rank: 54
AOK Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOK vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	AOK	ASET	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	3.01	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.70	—	—
Martin ratio Return relative to average drawdown	11.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AOK	ASET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	—	—

Drawdowns

AOK vs. ASET - Drawdown Comparison

The maximum AOK drawdown since its inception was -18.94%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AOK and ASET.

Drawdown Indicators

	AOK	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	0.00%	-18.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.94%	—	—
Current Drawdown Current decline from peak	-0.41%	0.00%	-0.41%
Average Drawdown Average peak-to-trough decline	-2.37%	0.00%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	—	—

Volatility

Volatility by Period

	AOK	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	0.00%	+5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.10%	0.00%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	0.00%	+6.71%

AOK vs. ASET - Expense Ratio Comparison

AOK has a 0.25% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

AOK vs. ASET - Dividend Comparison

AOK's dividend yield for the trailing twelve months is around 3.28%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOK iShares Core Conservative Allocation ETF	3.28%	3.28%	3.23%	2.93%	2.25%	1.55%	2.10%	2.71%	2.68%	2.91%	2.14%	2.02%
ASET FlexShares Real Assets Allocation Index Fund	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

Which ETF is better, AOK or ASET?

On fees, AOK is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AOK or ASET?

AOK is cheaper with a 0.25% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, AOK or ASET?

AOK has the higher dividend yield at 3.28%, compared with 0.00% for ASET.

What is the main difference between AOK and ASET?

AOK tracks S&P Target Risk Conservative Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.25% for AOK and 0.57% for ASET.