AOR vs. AOA
Compare and contrast key facts about iShares Core Growth Allocation ETF (AOR) and iShares Core Aggressive Allocation ETF (AOA).
AOR and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOR is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Growth Index. It was launched on Nov 4, 2008. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both AOR and AOA 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: AOR or AOA.
Key characteristics
| AOR | AOA | |
|---|---|---|
| YTD Return | 11.66% | 14.90% |
| 1Y Return | 18.40% | 22.27% |
| 3Y Return (Ann) | 2.92% | 4.44% |
| 5Y Return (Ann) | 6.76% | 8.87% |
| 10Y Return (Ann) | 6.39% | 7.92% |
| Sharpe Ratio | 2.58 | 2.53 |
| Sortino Ratio | 3.74 | 3.56 |
| Omega Ratio | 1.48 | 1.47 |
| Calmar Ratio | 2.45 | 3.40 |
| Martin Ratio | 17.13 | 16.66 |
| Ulcer Index | 1.20% | 1.49% |
| Daily Std Dev | 7.97% | 9.81% |
| Max Drawdown | -24.44% | -28.38% |
| Current Drawdown | -1.05% | -1.22% |
Correlation
The correlation between AOR and AOA is 0.94, 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
AOR vs. AOA - Performance Comparison
In the year-to-date period, AOR achieves a 11.66% return, which is significantly lower than AOA's 14.90% return. Over the past 10 years, AOR has underperformed AOA with an annualized return of 6.39%, while AOA has yielded a comparatively higher 7.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOR vs. AOA - Expense Ratio Comparison
Both AOR and AOA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOR vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and iShares Core Aggressive Allocation ETF (AOA). 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
AOR vs. AOA - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, more than AOA's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core Growth Allocation ETF | 2.46% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% | 2.11% | 1.92% |
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
AOR vs. AOA - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for AOR and AOA. For additional features, visit the drawdowns tool.
Volatility
AOR vs. AOA - Volatility Comparison
The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.20%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 2.64%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.