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AOK vs. OCIO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AOK vs. OCIO

Last updated Jun 4, 2026

AOK (iShares Core Conservative Allocation ETF) and OCIO (ClearShares OCIO ETF) are both Diversified Portfolio funds. AOK is passively managed, while OCIO is actively managed. Over the past 5 years, AOK returned 3.71%/yr vs 7.46%/yr for OCIO. A 0.76 correlation means they provide meaningful diversification when combined. AOK charges 0.25%/yr vs 0.61%/yr for OCIO.

Performance

AOK vs. OCIO - Performance Comparison

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

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Returns By Period

In the year-to-date period, AOK achieves a 4.26% return, which is significantly lower than OCIO's 9.49% 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%

OCIO

1D
-0.41%
1M
4.66%
YTD
9.49%
6M
9.97%
1Y
21.05%
3Y*
14.04%
5Y*
7.46%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AOK vs. OCIO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AOK
iShares Core Conservative Allocation ETF		4.26%11.26%6.58%10.85%-14.16%4.87%9.33%13.90%-3.09%4.26%
OCIO
ClearShares OCIO ETF		9.49%12.68%12.76%12.03%-12.49%13.20%11.54%18.56%-10.35%9.00%

Correlation

The correlation between AOK and OCIO is 0.84, 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

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2017

0.76

The correlation between AOK and OCIO has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

AOK vs. OCIO - Sectors Allocation Comparison

Sectors
AOK
OCIO

Technology

13.0%
35.9%

Financial Services

6.0%
13.2%

Industrials

3.6%
10.9%

Communication Services

3.4%
7.1%

Consumer Cyclical

3.2%
8.6%

Healthcare

3.0%
7.9%

Consumer Defensive

1.7%
5.0%

Energy

1.5%
3.8%

Basic Materials

1.1%
3.3%

Utilities

0.9%
2.6%

Real Estate

0.5%
1.7%

Technology

AOK
13.0%
OCIO
35.9%

Financial Services

AOK
6.0%
OCIO
13.2%

Industrials

AOK
3.6%
OCIO
10.9%

Communication Services

AOK
3.4%
OCIO
7.1%

Consumer Cyclical

AOK
3.2%
OCIO
8.6%

Healthcare

AOK
3.0%
OCIO
7.9%

Consumer Defensive

AOK
1.7%
OCIO
5.0%

Energy

AOK
1.5%
OCIO
3.8%

Basic Materials

AOK
1.1%
OCIO
3.3%

Utilities

AOK
0.9%
OCIO
2.6%

Real Estate

AOK
0.5%
OCIO
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core Conservative Allocation ETF

ClearShares OCIO ETF

Often compared with AOK:
AOK vs. AOMAOK vs. AOAAOK vs. SGOVAOK vs. AGGAOK vs. VTAOK vs. EAOMAOK vs. VOO
Often compared with OCIO:
OCIO vs. GAAOCIO vs. BNDCOCIO vs. AVMAOCIO vs. AOMOCIO vs. SCHZOCIO vs. AOAOCIO vs. BNDX

Return for Risk

AOK vs. OCIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AOK
AOK Risk / Return Rank: 6161
Overall Rank
AOK Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
AOK Sortino Ratio Rank: 6464
Sortino Ratio Rank
AOK Omega Ratio Rank: 6565
Omega Ratio Rank
AOK Calmar Ratio Rank: 5454
Calmar Ratio Rank
AOK Martin Ratio Rank: 6262
Martin Ratio Rank
OCIO
OCIO Risk / Return Rank: 6767
Overall Rank
OCIO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
OCIO Sortino Ratio Rank: 6868
Sortino Ratio Rank
OCIO Omega Ratio Rank: 6767
Omega Ratio Rank
OCIO Calmar Ratio Rank: 6161
Calmar Ratio Rank
OCIO Martin Ratio Rank: 7272
Martin Ratio Rank
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. OCIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and ClearShares OCIO ETF (OCIO). 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.

AOKOCIODifference
Sharpe ratioReturn per unit of total volatility
2.11
2.18

-0.07

Sortino ratioReturn per unit of downside risk
3.01
3.11

-0.10

Omega ratioGain probability vs. loss probability

1.41

1.40

0.00

Calmar ratioReturn relative to maximum drawdown

2.70

3.03

-0.32

Martin ratioReturn relative to average drawdown

11.50

13.42

-1.92

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. OCIO - Sharpe Ratio Comparison

The current AOK Sharpe Ratio is 2.11, which is comparable to the OCIO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of AOK and OCIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AOKOCIODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.11

2.18

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.71

-0.18

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

0.71

0.00

Drawdowns

AOK vs. OCIO - Drawdown Comparison

The maximum AOK drawdown since its inception was -18.94%, smaller than the maximum OCIO drawdown of -24.21%. Use the drawdown chart below to compare losses from any high point for AOK and OCIO.

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Drawdown Indicators

AOKOCIODifference

Max Drawdown

Largest peak-to-trough decline

-18.94%

-24.21%

+5.27%

Max Drawdown (1Y)

Largest decline over 1 year

-4.50%

-6.98%

+2.48%

Max Drawdown (3Y)

Largest decline over 3 years

-6.37%

-13.32%

+6.95%

Max Drawdown (5Y)

Largest decline over 5 years

-18.94%

-18.75%

-0.19%

Max Drawdown (10Y)

Largest decline over 10 years

-18.94%

—

—

Current Drawdown

Current decline from peak

-0.41%

-0.41%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.37%

-4.44%

+2.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.06%

1.57%

-0.51%

Volatility

AOK vs. OCIO - Volatility Comparison

The current volatility for iShares Core Conservative Allocation ETF (AOK) is 1.97%, while ClearShares OCIO ETF (OCIO) has a volatility of 2.94%. This indicates that AOK experiences smaller price fluctuations and is considered to be less risky than OCIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AOKOCIODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.97%

2.94%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

4.47%

7.68%

-3.21%

Volatility (1Y)

Calculated over the trailing 1-year period

5.76%

9.70%

-3.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.10%

10.60%

-3.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.71%

11.36%

-4.65%

AOK vs. OCIO - Expense Ratio Comparison

AOK has a 0.25% expense ratio, which is lower than OCIO's 0.61% expense ratio.

Dividends

AOK vs. OCIO - Dividend Comparison

AOK's dividend yield for the trailing twelve months is around 3.28%, less than OCIO's 9.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
OCIO
ClearShares OCIO ETF		9.47%10.27%1.87%2.32%3.21%2.83%2.90%2.22%0.01%1.68%0.00%0.00%

Frequently Asked Questions

AOK and OCIO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OCIO has higher volatility (2.94%) compared to AOK (1.97%). In terms of maximum drawdown, AOK dropped -18.94% vs OCIO's -24.21%.

On 5-year performance, OCIO leads with 7.46% vs 3.71% for AOK. On fees, AOK is cheaper at 0.25% per year. On volatility, AOK has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, OCIO has performed better with a 7.46% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AOK is cheaper with a 0.25% expense ratio, compared with 0.61% for OCIO.

OCIO has the higher dividend yield at 9.47%, compared with 3.28% for AOK.

They also come from different issuers: iShares and ClearShares LLC. Their fees differ too: 0.25% for AOK and 0.61% for OCIO.

OCIO currently has the higher Sharpe Ratio (2.18 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.

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