AOK vs. TFLO
Compare and contrast key facts about iShares Core Conservative Allocation ETF (AOK) and iShares Treasury Floating Rate Bond ETF (TFLO).
AOK and TFLO 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. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014. Both AOK and TFLO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOK or TFLO.
Key characteristics
| AOK | TFLO | |
|---|---|---|
| YTD Return | 7.77% | 4.59% |
| 1Y Return | 15.78% | 5.24% |
| 3Y Return (Ann) | 0.69% | 3.90% |
| 5Y Return (Ann) | 3.67% | 2.46% |
| 10Y Return (Ann) | 4.01% | 1.84% |
| Sharpe Ratio | 2.54 | 15.84 |
| Sortino Ratio | 3.77 | 57.97 |
| Omega Ratio | 1.47 | 15.07 |
| Calmar Ratio | 1.27 | 133.98 |
| Martin Ratio | 15.41 | 896.64 |
| Ulcer Index | 0.98% | 0.01% |
| Daily Std Dev | 5.91% | 0.34% |
| Max Drawdown | -18.93% | -5.01% |
| Current Drawdown | -1.18% | 0.00% |
Correlation
The correlation between AOK and TFLO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AOK vs. TFLO - Performance Comparison
In the year-to-date period, AOK achieves a 7.77% return, which is significantly higher than TFLO's 4.59% return. Over the past 10 years, AOK has outperformed TFLO with an annualized return of 4.01%, while TFLO has yielded a comparatively lower 1.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOK vs. TFLO - Expense Ratio Comparison
AOK has a 0.25% expense ratio, which is higher than TFLO's 0.15% 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%.
Risk-Adjusted Performance
AOK vs. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) and iShares Treasury Floating Rate Bond ETF (TFLO). 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.
Dividends
AOK vs. TFLO - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.09%, less than TFLO's 5.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.09% | 2.93% | 2.25% | 1.55% | 2.10% | 2.72% | 2.68% | 2.91% | 2.14% | 2.02% | 2.08% | 1.82% |
TFLO iShares Treasury Floating Rate Bond ETF | 5.35% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% | 0.00% |
Drawdowns
AOK vs. TFLO - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.93%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for AOK and TFLO. For additional features, visit the drawdowns tool.
Volatility
AOK vs. TFLO - Volatility Comparison
iShares Core Conservative Allocation ETF (AOK) has a higher volatility of 1.48% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that AOK's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.