AOK vs. EAOK

Last updated Jun 4, 2026

AOK (iShares Core Conservative Allocation ETF) and EAOK (iShares ESG Aware Conservative Allocation ETF) are both Diversified Portfolio funds from iShares - AOK tracks the S&P Target Risk Conservative Index while EAOK tracks the BlackRock ESG Aware Conservative Allocation Index. Both are passively managed. Over the past 5 years, AOK returned 3.71%/yr vs 3.20%/yr for EAOK. Their correlation of 0.95 suggests significant overlap in exposure. AOK charges 0.25%/yr vs 0.18%/yr for EAOK.

Performance

AOK vs. EAOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Conservative Allocation ETF (AOK) and iShares ESG Aware Conservative Allocation ETF (EAOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOK achieves a 4.26% return, which is significantly higher than EAOK's 3.85% return.

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%

EAOK

• 1D: -0.39%
• 1M: 1.83%
• YTD: 3.85%
• 6M: 3.87%
• 1Y: 12.25%
• 3Y*: 8.79%
• 5Y*: 3.20%
• 10Y*: —

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

AOK vs. EAOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AOK iShares Core Conservative Allocation ETF	4.26%	11.26%	6.58%	10.85%	-14.16%	4.87%	7.98%
EAOK iShares ESG Aware Conservative Allocation ETF	3.85%	11.47%	5.81%	10.13%	-14.92%	4.32%	8.01%

Correlation

The correlation between AOK and EAOK is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.95

The correlation between AOK and EAOK has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

AOK vs. EAOK - Sectors Allocation Comparison

Sectors	AOK	EAOK
Technology	13.0%	10.2%
Financial Services	6.0%	4.8%
Industrials	3.6%	3.2%
Communication Services	3.4%	2.6%
Consumer Cyclical	3.2%	2.7%
Healthcare	3.0%	2.4%
Consumer Defensive	1.7%	1.3%
Energy	1.5%	1.1%
Basic Materials	1.1%	0.8%
Utilities	0.9%	0.8%
Real Estate	0.5%	0.6%

Return for Risk

AOK vs. EAOK — 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

EAOK

EAOK Risk / Return Rank: 67
EAOK Sharpe Ratio Rank: 68
EAOK Sortino Ratio Rank: 72
EAOK Omega Ratio Rank: 71
EAOK Calmar Ratio Rank: 57
EAOK Martin Ratio Rank: 67

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. EAOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and iShares ESG Aware Conservative Allocation ETF (EAOK). 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	EAOK	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.24	-0.13
Sortino ratio: Return per unit of downside risk	3.01	3.28	-0.26
Omega ratio: Gain probability vs. loss probability	1.41	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	2.70	2.78	-0.07
Martin ratio: Return relative to average drawdown	11.50	12.14	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOK vs. EAOK - Sharpe Ratio Comparison

The current AOK Sharpe Ratio is 2.11, which is comparable to the EAOK Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of AOK and EAOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AOK	EAOK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.24	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.46	+0.07
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	0.65	+0.06

Drawdowns

AOK vs. EAOK - Drawdown Comparison

The maximum AOK drawdown since its inception was -18.94%, roughly equal to the maximum EAOK drawdown of -19.91%. Use the drawdown chart below to compare losses from any high point for AOK and EAOK.

Drawdown Indicators

	AOK	EAOK	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-19.91%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	-4.43%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-6.37%	-7.08%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	-18.94%	-19.91%	+0.97%
Max Drawdown (10Y) Largest decline over 10 years	-18.94%	—	—
Current Drawdown Current decline from peak	-0.41%	-0.39%	-0.02%
Average Drawdown Average peak-to-trough decline	-2.37%	-5.02%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.01%	+0.05%

Volatility

AOK vs. EAOK - Volatility Comparison

iShares Core Conservative Allocation ETF (AOK) and iShares ESG Aware Conservative Allocation ETF (EAOK) have volatilities of 1.97% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOK	EAOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	2.05%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	4.47%	4.48%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	5.49%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.10%	7.04%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	6.83%	-0.12%

AOK vs. EAOK - Expense Ratio Comparison

AOK has a 0.25% expense ratio, which is higher than EAOK's 0.18% expense ratio. However, 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. EAOK - Dividend Comparison

AOK's dividend yield for the trailing twelve months is around 3.28%, more than EAOK's 3.17% yield.

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%
EAOK iShares ESG Aware Conservative Allocation ETF	3.17%	3.18%	3.15%	2.80%	2.27%	1.19%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AOK and EAOK in my portfolio?

With a correlation of 0.93, AOK and EAOK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AOK or EAOK?

EAOK has higher volatility (2.05%) compared to AOK (1.97%). In terms of maximum drawdown, AOK dropped -18.94% vs EAOK's -19.91%.

Which ETF is better, AOK or EAOK?

On 5-year performance, AOK leads with 3.71% vs 3.20% for EAOK. On fees, EAOK is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOK or EAOK?

Over the 5-year period, AOK has performed better with a 3.71% return vs 3.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOK or EAOK?

EAOK is cheaper with a 0.18% expense ratio, compared with 0.25% for AOK.

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

AOK has the higher dividend yield at 3.28%, compared with 3.17% for EAOK.

What is the main difference between AOK and EAOK?

AOK tracks S&P Target Risk Conservative Index, while EAOK tracks BlackRock ESG Aware Conservative Allocation Index. Their fees differ too: 0.25% for AOK and 0.18% for EAOK.

Which has better risk-adjusted returns?

EAOK currently has the higher Sharpe Ratio (2.24 vs 2.11), 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.