AOM vs. SPY
Compare and contrast key facts about iShares Core Moderate Allocation ETF (AOM) and SPDR S&P 500 ETF (SPY).
AOM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AOM and SPY 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: AOM or SPY.
Correlation
The correlation between AOM and SPY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOM vs. SPY - Performance Comparison
Key characteristics
AOM:
1.47
SPY:
2.21
AOM:
2.09
SPY:
2.93
AOM:
1.27
SPY:
1.41
AOM:
1.56
SPY:
3.26
AOM:
8.56
SPY:
14.43
AOM:
1.09%
SPY:
1.90%
AOM:
6.30%
SPY:
12.41%
AOM:
-19.96%
SPY:
-55.19%
AOM:
-2.22%
SPY:
-2.74%
Returns By Period
In the year-to-date period, AOM achieves a 8.17% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, AOM has underperformed SPY with an annualized return of 4.69%, while SPY has yielded a comparatively higher 12.97% annualized return.
AOM
8.17%
0.02%
3.52%
8.63%
4.19%
4.69%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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AOM vs. SPY - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is higher than SPY's 0.09% 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
AOM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) and SPDR S&P 500 ETF (SPY). 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
AOM vs. SPY - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 4.12%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 3.09% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% | 2.08% | 1.87% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AOM vs. SPY - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AOM and SPY. For additional features, visit the drawdowns tool.
Volatility
AOM vs. SPY - Volatility Comparison
The current volatility for iShares Core Moderate Allocation ETF (AOM) is 1.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that AOM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.