AOM vs. RPGAX
AOM (iShares Core Moderate Allocation ETF) and RPGAX (T. Rowe Price Global Allocation Fund) are both funds - AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate, while RPGAX is a Global Allocation fund actively managed by T. Rowe Price. AOM is passively managed, while RPGAX is actively managed. Over the past 10 years, AOM returned 6.31%/yr vs 8.21%/yr for RPGAX. Their correlation of 0.89 suggests significant overlap in exposure. AOM charges 0.25%/yr vs 1.01%/yr for RPGAX.
Performance
AOM vs. RPGAX - Performance Comparison
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Returns By Period
In the year-to-date period, AOM achieves a 4.75% return, which is significantly lower than RPGAX's 6.32% return. Over the past 10 years, AOM has underperformed RPGAX with an annualized return of 6.31%, while RPGAX has yielded a comparatively higher 8.21% annualized return.
AOM
- 1D
- 0.04%
- 1M
- 1.35%
- YTD
- 4.75%
- 6M
- 5.32%
- 1Y
- 13.68%
- 3Y*
- 10.66%
- 5Y*
- 4.66%
- 10Y*
- 6.31%
RPGAX
- 1D
- 1.56%
- 1M
- 1.01%
- YTD
- 6.32%
- 6M
- 6.83%
- 1Y
- 16.41%
- 3Y*
- 12.71%
- 5Y*
- 5.66%
- 10Y*
- 8.21%
AOM vs. RPGAX - 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% |
RPGAX T. Rowe Price Global Allocation Fund | 6.32% | 15.00% | 9.65% | 13.78% | -14.54% | 9.17% | 14.80% | 20.37% | -6.89% | 15.92% |
Correlation
The correlation between AOM and RPGAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.89 |
The correlation between AOM and RPGAX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
AOM vs. RPGAX — Risk / Return Rank
AOM
RPGAX
AOM vs. RPGAX - 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 Global Allocation Fund (RPGAX). 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 | RPGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.35 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.84 | 10.09 | +0.75 |
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Drawdowns
AOM vs. RPGAX - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum RPGAX drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for AOM and RPGAX.
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Drawdown Indicators
| AOM | RPGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -24.42% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.75% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -9.57% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -21.79% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | -24.42% | +4.46% |
Current DrawdownCurrent decline from peak | -0.70% | -1.16% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.83% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.57% | -0.38% |
Volatility
AOM vs. RPGAX - Volatility Comparison
The current volatility for iShares Core Moderate Allocation ETF (AOM) is 2.82%, while T. Rowe Price Global Allocation Fund (RPGAX) has a volatility of 3.41%. This indicates that AOM experiences smaller price fluctuations and is considered to be less risky than RPGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOM | RPGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.41% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 6.95% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 8.26% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 9.53% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 10.26% | -2.30% |
AOM vs. RPGAX - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is lower than RPGAX's 1.01% expense ratio.
Dividends
AOM vs. RPGAX - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 2.99%, less than RPGAX's 6.61% 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% |
RPGAX T. Rowe Price Global Allocation Fund | 6.61% | 7.03% | 5.24% | 2.49% | 3.15% | 7.54% | 1.05% | 2.97% | 2.52% | 0.75% | 0.36% | 1.62% |
Frequently Asked Questions
With a correlation of 0.91, AOM and RPGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RPGAX has higher volatility (3.41%) compared to AOM (2.82%). In terms of maximum drawdown, AOM dropped -19.96% vs RPGAX's -24.42%.
RPGAX currently has the higher Sharpe Ratio (1.92 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.
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