AOK vs. RAAX
Compare and contrast key facts about iShares Core Conservative Allocation ETF (AOK) and VanEck Inflation Allocation ETF (RAAX).
AOK and RAAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOK is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Conservative Index. It was launched on Nov 4, 2008. RAAX is an actively managed fund by VanEck. It was launched on Apr 9, 2018.
Performance
AOK vs. RAAX - Performance Comparison
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AOK vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 0.12% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -2.40% |
RAAX VanEck Inflation Allocation ETF | 17.41% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
Returns By Period
In the year-to-date period, AOK achieves a 0.12% return, which is significantly lower than RAAX's 17.41% return.
AOK
- 1D
- 0.30%
- 1M
- -2.35%
- YTD
- 0.12%
- 6M
- 1.18%
- 1Y
- 9.60%
- 3Y*
- 8.05%
- 5Y*
- 3.38%
- 10Y*
- 4.88%
RAAX
- 1D
- 0.74%
- 1M
- -2.29%
- YTD
- 17.41%
- 6M
- 21.48%
- 1Y
- 37.59%
- 3Y*
- 20.61%
- 5Y*
- 14.94%
- 10Y*
- —
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AOK vs. RAAX - Expense Ratio Comparison
AOK has a 0.25% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Return for Risk
AOK vs. RAAX — Risk / Return Rank
AOK
RAAX
AOK vs. RAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and VanEck Inflation Allocation ETF (RAAX). 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 | RAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.30 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.93 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.27 | -1.05 |
Martin ratioReturn relative to average drawdown | 8.55 | 16.54 | -7.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOK | RAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.30 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.96 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.61 | +0.07 |
Correlation
The correlation between AOK and RAAX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AOK vs. RAAX - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.34%, more than RAAX's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.34% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Drawdowns
AOK vs. RAAX - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.94%, smaller than the maximum RAAX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for AOK and RAAX.
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Drawdown Indicators
| AOK | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -33.91% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -11.59% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -23.55% | +4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -2.89% | -2.29% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -6.89% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.29% | -1.12% |
Volatility
AOK vs. RAAX - Volatility Comparison
The current volatility for iShares Core Conservative Allocation ETF (AOK) is 2.87%, while VanEck Inflation Allocation ETF (RAAX) has a volatility of 4.55%. This indicates that AOK experiences smaller price fluctuations and is considered to be less risky than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOK | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 4.55% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 12.14% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 16.45% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 15.66% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 15.86% | -9.18% |