AOK vs. IBIT
AOK (iShares Core 30/70 Conservative Allocation ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - AOK is a Diversified Portfolio fund tracking the S&P Target Risk Conservative 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, AOK returned 11.04% vs -39.82% for IBIT. At a 0.35 correlation, their price movements are largely independent. AOK charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
AOK vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, AOK achieves a 3.83% return, which is significantly higher than IBIT's -28.88% return.
AOK
- 1D
- -0.58%
- 1M
- 0.30%
- YTD
- 3.83%
- 6M
- 3.39%
- 1Y
- 11.04%
- 3Y*
- 9.03%
- 5Y*
- 3.59%
- 10Y*
- 5.20%
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOK vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.83% | 11.26% | 7.38% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between AOK and IBIT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
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Return for Risk
AOK vs. IBIT — Risk / Return Rank
AOK
IBIT
AOK vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 30/70 Conservative Allocation ETF (AOK) 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.
| AOK | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.77 | +3.23 |
| Martin ratioReturn relative to average drawdown | 10.37 | -1.30 | +11.68 |
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Drawdowns
AOK vs. IBIT - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.94%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for AOK and IBIT.
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Drawdown Indicators
| AOK | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -52.11% | +33.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -52.11% | +47.61% |
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 DrawdownCurrent decline from peak | -0.82% | -50.47% | +49.65% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -16.85% | +14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 30.58% | -29.51% |
Volatility
AOK vs. IBIT - Volatility Comparison
The current volatility for iShares Core 30/70 Conservative Allocation ETF (AOK) is 2.25%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that AOK 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
| AOK | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 13.18% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 34.64% | -29.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 44.31% | -38.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 50.22% | -43.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 50.22% | -43.50% |
AOK vs. IBIT - Expense Ratio Comparison
AOK 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
AOK vs. IBIT - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.29%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
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
AOK and IBIT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to AOK (2.25%). In terms of maximum drawdown, AOK dropped -18.94% vs IBIT's -52.11%.
On 1-year performance, AOK leads with 11.04% vs -39.82% for IBIT. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AOK has performed better with a 11.04% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
AOK has the higher dividend yield at 3.29%, compared with 0.00% for IBIT.
AOK is categorized as Diversified Portfolio, while IBIT is Cryptocurrency. AOK tracks S&P Target Risk Conservative Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for AOK and 0.25% for IBIT.
AOK currently has the higher Sharpe Ratio (1.84 vs -0.90), 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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