AOK vs. AVMA

Last updated Jun 20, 2026

AOK (iShares Core 30/70 Conservative Allocation ETF) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. AOK is passively managed, while AVMA is actively managed. Over the past year, AOK returned 12.04% vs 24.20% for AVMA. Their correlation of 0.84 suggests significant overlap in exposure. AOK charges 0.15%/yr vs 0.21%/yr for AVMA.

Performance

AOK vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core 30/70 Conservative Allocation ETF (AOK) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOK achieves a 4.66% return, which is significantly lower than AVMA's 11.11% return.

AOK

• 1D: 0.61%
• 1M: 1.40%
• YTD: 4.66%
• 6M: 4.56%
• 1Y: 12.04%
• 3Y*: 9.11%
• 5Y*: 3.86%
• 10Y*: 5.19%

AVMA

• 1D: 0.76%
• 1M: 2.16%
• YTD: 11.11%
• 6M: 11.34%
• 1Y: 24.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOK vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AOK iShares Core 30/70 Conservative Allocation ETF	4.66%	11.26%	6.58%	4.91%
AVMA Avantis Moderate Allocation ETF	11.11%	16.72%	10.01%	8.36%

Correlation

The correlation between AOK and AVMA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.84

The correlation between AOK and AVMA has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

AOK vs. AVMA — Risk / Return Rank

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

AOK

AOK Risk / Return Rank: 65
AOK Sharpe Ratio Rank: 65
AOK Sortino Ratio Rank: 66
AOK Omega Ratio Rank: 70
AOK Calmar Ratio Rank: 57
AOK Martin Ratio Rank: 65

AVMA

AVMA Risk / Return Rank: 83
AVMA Sharpe Ratio Rank: 85
AVMA Sortino Ratio Rank: 87
AVMA Omega Ratio Rank: 85
AVMA Calmar Ratio Rank: 78
AVMA Martin Ratio Rank: 83

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. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core 30/70 Conservative Allocation ETF (AOK) and Avantis Moderate Allocation ETF (AVMA). 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.

	AOK	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.60	-0.57
Sortino ratio: Return per unit of downside risk	2.89	3.70	-0.81
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	2.69	3.80	-1.11
Martin ratio: Return relative to average drawdown	11.34	15.94	-4.61

AOK vs. AVMA - Sharpe Ratio Comparison

The current AOK Sharpe Ratio is 2.03, which is comparable to the AVMA Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of AOK and AVMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AOK vs. AVMA - Drawdown Comparison

The maximum AOK drawdown since its inception was -18.94%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for AOK and AVMA.

Drawdown Indicators

	AOK	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-11.81%	-7.13%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	-6.40%	+1.90%
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	-0.02%	-0.32%	+0.30%
Average Drawdown Average peak-to-trough decline	-2.36%	-1.54%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.52%	-0.46%

Volatility

AOK vs. AVMA - Volatility Comparison

The current volatility for iShares Core 30/70 Conservative Allocation ETF (AOK) is 2.26%, while Avantis Moderate Allocation ETF (AVMA) has a volatility of 3.33%. This indicates that AOK experiences smaller price fluctuations and is considered to be less risky than AVMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOK	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	3.33%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	4.83%	7.57%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	5.97%	9.35%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.15%	10.36%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	10.36%	-3.63%

AOK vs. AVMA - Expense Ratio Comparison

AOK has a 0.15% expense ratio, which is lower than AVMA's 0.21% 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

AOK vs. AVMA - Dividend Comparison

AOK's dividend yield for the trailing twelve months is around 3.27%, more than AVMA's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOK iShares Core 30/70 Conservative Allocation ETF	3.27%	3.28%	3.23%	2.93%	2.25%	1.55%	2.10%	2.71%	2.68%	2.91%	2.14%	2.02%
AVMA Avantis Moderate Allocation ETF	3.00%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AOK and AVMA in my portfolio?

AOK and AVMA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOK or AVMA?

AVMA has higher volatility (3.33%) compared to AOK (2.26%). In terms of maximum drawdown, AOK dropped -18.94% vs AVMA's -11.81%.

Which ETF is better, AOK or AVMA?

On 1-year performance, AVMA leads with 24.20% vs 12.04% for AOK. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOK or AVMA?

Over the 1-year period, AVMA has performed better with a 24.20% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOK or AVMA?

AOK is cheaper with a 0.15% expense ratio, compared with 0.21% for AVMA.

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

AOK has the higher dividend yield at 3.27%, compared with 3.00% for AVMA.

What is the main difference between AOK and AVMA?

They also come from different issuers: iShares and Avantis. Their fees differ too: 0.15% for AOK and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.60 vs 2.03), 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.