AOM vs. DFCF
AOM (iShares Core Moderate Allocation ETF) and DFCF (Dimensional Core Fixed Income ETF) are both exchange-traded funds - AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate, while DFCF is a Intermediate Core Bond fund actively managed by Dimensional. AOM is passively managed, while DFCF is actively managed. Over the past 3 years, AOM returned 10.66%/yr vs 5.07%/yr for DFCF. A 0.58 correlation means they provide meaningful diversification when combined. AOM charges 0.25%/yr vs 0.17%/yr for DFCF.
Performance
AOM vs. DFCF - Performance Comparison
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Returns By Period
In the year-to-date period, AOM achieves a 4.75% return, which is significantly higher than DFCF's 0.63% return.
AOM
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- 4.75%
- 6M
- 5.32%
- 1Y
- 12.80%
- 3Y*
- 10.66%
- 5Y*
- 4.66%
- 10Y*
- 6.31%
DFCF
- 1D
- -0.09%
- 1M
- 0.39%
- YTD
- 0.63%
- 6M
- 1.08%
- 1Y
- 5.09%
- 3Y*
- 5.07%
- 5Y*
- —
- 10Y*
- —
AOM vs. DFCF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 4.75% | 13.28% | 7.95% | 12.38% | -14.54% | 0.15% |
DFCF Dimensional Core Fixed Income ETF | 0.63% | 7.89% | 1.86% | 6.94% | -14.48% | 0.04% |
Correlation
The correlation between AOM and DFCF is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.58 |
The correlation between AOM and DFCF has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
AOM vs. DFCF — Risk / Return Rank
AOM
DFCF
AOM vs. DFCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) and Dimensional Core Fixed Income ETF (DFCF). 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.
| AOM | DFCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.83 | +0.68 |
| Martin ratioReturn relative to average drawdown | 10.84 | 5.39 | +5.45 |
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Drawdowns
AOM vs. DFCF - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, roughly equal to the maximum DFCF drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for AOM and DFCF.
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Drawdown Indicators
| AOM | DFCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -19.56% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -2.79% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -5.05% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -1.20% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -7.99% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.95% | +0.24% |
Volatility
AOM vs. DFCF - Volatility Comparison
iShares Core Moderate Allocation ETF (AOM) has a higher volatility of 2.82% compared to Dimensional Core Fixed Income ETF (DFCF) at 1.44%. This indicates that AOM's price experiences larger fluctuations and is considered to be riskier than DFCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOM | DFCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.44% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 2.98% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 3.96% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 6.45% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 6.45% | +1.51% |
AOM vs. DFCF - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is higher than DFCF's 0.17% 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%.
Dividends
AOM vs. DFCF - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 2.99%, less than DFCF's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.99% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
DFCF Dimensional Core Fixed Income ETF | 4.30% | 4.48% | 4.61% | 4.51% | 3.27% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOM and DFCF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOM has higher volatility (2.82%) compared to DFCF (1.44%). In terms of maximum drawdown, AOM dropped -19.96% vs DFCF's -19.56%.
On 3-year performance, AOM leads with 10.66% vs 5.07% for DFCF. On fees, DFCF is cheaper at 0.17% per year. On volatility, DFCF has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AOM has performed better with a 10.66% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFCF is cheaper with a 0.17% expense ratio, compared with 0.25% for AOM.
DFCF has the higher dividend yield at 4.30%, compared with 2.99% for AOM.
AOM is categorized as Diversified Portfolio, while DFCF is Intermediate Core Bond. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.25% for AOM and 0.17% for DFCF.
AOM currently has the higher Sharpe Ratio (1.87 vs 1.30), 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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