AOM vs. PRCPX
AOM (iShares Core Moderate Allocation ETF) and PRCPX (T. Rowe Price Credit Opportunities Fund) are both funds - AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate, while PRCPX is a High Yield Bonds fund tracking the Bloomberg US High-Yield 2% Issuer Capped Bond Index. Both are passively managed. Over the past 10 years, AOM returned 6.31%/yr vs 6.50%/yr for PRCPX. At a 0.47 correlation, their price movements are largely independent. AOM charges 0.25%/yr vs 0.81%/yr for PRCPX.
Performance
AOM vs. PRCPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AOM achieves a 4.75% return, which is significantly higher than PRCPX's 1.54% return. Both investments have delivered pretty close results over the past 10 years, with AOM having a 6.31% annualized return and PRCPX not far ahead at 6.50%.
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%
PRCPX
- 1D
- 0.25%
- 1M
- 0.33%
- YTD
- 1.54%
- 6M
- 3.01%
- 1Y
- 9.12%
- 3Y*
- 10.51%
- 5Y*
- 5.53%
- 10Y*
- 6.50%
AOM vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 4.75% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
PRCPX T. Rowe Price Credit Opportunities Fund | 1.54% | 11.51% | 9.36% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Correlation
The correlation between AOM and PRCPX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.47 |
The correlation between AOM and PRCPX has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AOM vs. PRCPX — Risk / Return Rank
AOM
PRCPX
AOM vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.70 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 4.68 | -2.16 |
| Martin ratioReturn relative to average drawdown | 10.84 | 22.07 | -11.23 |
Loading charts...
Drawdowns
AOM vs. PRCPX - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for AOM and PRCPX.
Loading charts...
Drawdown Indicators
| AOM | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -23.07% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -1.99% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -3.83% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -14.34% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | -23.07% | +3.11% |
Current DrawdownCurrent decline from peak | -0.70% | -0.37% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.11% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.42% | +0.77% |
Volatility
AOM vs. PRCPX - Volatility Comparison
iShares Core Moderate Allocation ETF (AOM) has a higher volatility of 2.82% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 0.94%. This indicates that AOM's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AOM | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 0.94% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 2.41% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 3.31% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 4.81% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 5.45% | +2.51% |
AOM vs. PRCPX - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Dividends
AOM vs. PRCPX - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 2.99%, less than PRCPX's 9.30% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 9.30% | 9.32% | 8.77% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Frequently Asked Questions
AOM and PRCPX have a correlation of 0.54, 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 PRCPX (0.94%). In terms of maximum drawdown, AOM dropped -19.96% vs PRCPX's -23.07%.
PRCPX currently has the higher Sharpe Ratio (2.81 vs 1.87), 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.
Find the right allocation for AOM and PRCPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer