AOM vs. IYLD
AOM (iShares Core Moderate Allocation ETF) and IYLD (iShares Morningstar Multi-Asset Income ETF) are both Diversified Portfolio funds from iShares - AOM tracks the S&P Target Risk Moderate while IYLD tracks the Morningstar Multi-Asset High Income Index. Both are passively managed. Over the past 10 years, AOM returned 5.96%/yr vs 3.76%/yr for IYLD. A 0.76 correlation means they provide meaningful diversification when combined. AOM charges 0.25%/yr vs 0.60%/yr for IYLD.
Performance
AOM vs. IYLD - Performance Comparison
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Returns By Period
In the year-to-date period, AOM achieves a 4.08% return, which is significantly lower than IYLD's 5.25% return. Over the past 10 years, AOM has outperformed IYLD with an annualized return of 5.96%, while IYLD has yielded a comparatively lower 3.76% annualized return.
AOM
- 1D
- -0.93%
- 1M
- -0.64%
- 6M
- 2.81%
- YTD
- 4.08%
- 1Y
- 10.88%
- 3Y*
- 9.84%
- 5Y*
- 4.42%
- 10Y*
- 5.96%
IYLD
- 1D
- -0.25%
- 1M
- 0.04%
- 6M
- 3.84%
- YTD
- 5.25%
- 1Y
- 12.34%
- 3Y*
- 9.69%
- 5Y*
- 3.25%
- 10Y*
- 3.76%
AOM vs. IYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 4.08% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
IYLD iShares Morningstar Multi-Asset Income ETF | 5.25% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -4.77% | 10.90% |
Correlation
The correlation between AOM and IYLD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2012 | 0.76 |
The correlation between AOM and IYLD has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
AOM vs. IYLD — Risk / Return Rank
AOM
IYLD
AOM vs. IYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) and iShares Morningstar Multi-Asset Income ETF (IYLD). 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 | IYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.67 | -0.53 |
| Martin ratioReturn relative to average drawdown | 9.16 | 10.47 | -1.31 |
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Drawdowns
AOM vs. IYLD - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum IYLD drawdown of -30.23%. Use the drawdown chart below to compare losses from any high point for AOM and IYLD.
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Drawdown Indicators
| AOM | IYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -30.23% | +10.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -4.63% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -5.20% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -22.57% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | -30.23% | +10.27% |
Current DrawdownCurrent decline from peak | -1.33% | -0.45% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -4.50% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.18% | +0.01% |
Volatility
AOM vs. IYLD - Volatility Comparison
iShares Core Moderate Allocation ETF (AOM) has a higher volatility of 2.48% compared to iShares Morningstar Multi-Asset Income ETF (IYLD) at 1.32%. This indicates that AOM's price experiences larger fluctuations and is considered to be riskier than IYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOM | IYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.32% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 4.78% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 5.77% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.23% | 7.88% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 9.54% | -1.60% |
AOM vs. IYLD - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is lower than IYLD's 0.60% expense ratio.
Dividends
AOM vs. IYLD - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 3.10%, less than IYLD's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 3.10% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
IYLD iShares Morningstar Multi-Asset Income ETF | 4.63% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
Frequently Asked Questions
AOM and IYLD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOM has higher volatility (2.48%) compared to IYLD (1.32%). In terms of maximum drawdown, AOM dropped -19.96% vs IYLD's -30.23%.
On 10-year performance, AOM leads with 5.96% vs 3.76% for IYLD. On fees, AOM is cheaper at 0.25% per year. On volatility, IYLD has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AOM has performed better with a 5.96% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOM is cheaper with a 0.25% expense ratio, compared with 0.60% for IYLD.
IYLD has the higher dividend yield at 4.63%, compared with 3.10% for AOM.
AOM tracks S&P Target Risk Moderate, while IYLD tracks Morningstar Multi-Asset High Income Index. Their fees differ too: 0.25% for AOM and 0.60% for IYLD.
IYLD currently has the higher Sharpe Ratio (2.15 vs 1.58), 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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