AOK vs. IBIT

Last updated Jul 14, 2026

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 9.32% vs -47.60% 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

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

Returns By Period

In the year-to-date period, AOK achieves a 3.71% return, which is significantly higher than IBIT's -29.06% return.

AOK

• 1D: -0.56%
• 1M: -0.39%
• 6M: 2.38%
• YTD: 3.71%
• 1Y: 9.32%
• 3Y*: 8.52%
• 5Y*: 3.40%
• 10Y*: 4.92%

IBIT

• 1D: -2.79%
• 1M: -2.28%
• 6M: -32.10%
• YTD: -29.06%
• 1Y: -47.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AOK vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AOK iShares Core 30/70 Conservative Allocation ETF	3.71%	11.26%	7.38%
IBIT iShares Bitcoin Trust ETF	-29.06%	-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

Return for Risk

AOK vs. IBIT — Risk / Return Rank

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

AOK

AOK Risk / Return Rank: 59
AOK Sharpe Ratio Rank: 59
AOK Sortino Ratio Rank: 59
AOK Omega Ratio Rank: 61
AOK Calmar Ratio Rank: 52
AOK Martin Ratio Rank: 62

IBIT

IBIT Risk / Return Rank: 1
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 1
IBIT Omega Ratio Rank: 1
IBIT Calmar Ratio Rank: 1
IBIT Martin Ratio Rank: 1

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. 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 ratio: Return per unit of total volatility	1.57	-1.08	+2.65
Sortino ratio: Return per unit of downside risk	2.23	-1.65	+3.88
Omega ratio: Gain probability vs. loss probability	1.29	0.82	+0.48
Calmar ratio: Return relative to maximum drawdown	2.08	-0.90	+2.98
Martin ratio: Return relative to average drawdown	8.75	-1.46	+10.21

AOK vs. IBIT - Sharpe Ratio Comparison

The current AOK Sharpe Ratio is 1.57, which is higher than the IBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of AOK and IBIT, 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. IBIT - Drawdown Comparison

The maximum AOK drawdown since its inception was -18.94%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for AOK and IBIT.

Drawdown Indicators

	AOK	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-53.30%	+34.36%
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	-53.30%	+48.80%
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	-0.99%	-50.60%	+49.61%
Average Drawdown Average peak-to-trough decline	-2.36%	-17.56%	+15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	32.72%	-31.65%

Volatility

AOK vs. IBIT - Volatility Comparison

The current volatility for iShares Core 30/70 Conservative Allocation ETF (AOK) is 2.00%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. 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.

Volatility by Period

	AOK	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	11.51%	-9.51%
Volatility (6M) Calculated over the trailing 6-month period	4.88%	34.79%	-29.91%
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	44.38%	-38.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	49.97%	-42.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.72%	49.97%	-43.25%

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 3.38%, 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	3.38%	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

Can I hold both AOK and IBIT in my portfolio?

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.

Which is riskier, AOK or IBIT?

IBIT has higher volatility (11.51%) compared to AOK (2.00%). In terms of maximum drawdown, AOK dropped -18.94% vs IBIT's -53.30%.

Which ETF is better, AOK or IBIT?

On 1-year performance, AOK leads with 9.32% vs -47.60% for IBIT. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOK or IBIT?

Over the 1-year period, AOK has performed better with a 9.32% return vs -47.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOK or IBIT?

AOK is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.

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

AOK has the higher dividend yield at 3.38%, compared with 0.00% for IBIT.

What is the main difference between AOK and 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.

Which has better risk-adjusted returns?

AOK currently has the higher Sharpe Ratio (1.57 vs -1.08), 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.