AOR vs. AOM
AOR (iShares Core 60/40 Balanced Allocation ETF) and AOM (iShares Core Moderate Allocation ETF) are both Diversified Portfolio funds from iShares - AOR tracks the S&P Target Risk Growth Index while AOM tracks the S&P Target Risk Moderate. Both are passively managed. Over the past 10 years, AOR returned 8.67%/yr vs 6.39%/yr for AOM. Their correlation of 0.88 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.25%/yr for AOM.
Performance
AOR vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 7.57% return, which is significantly higher than AOM's 5.19% return. Over the past 10 years, AOR has outperformed AOM with an annualized return of 8.67%, while AOM has yielded a comparatively lower 6.39% annualized return.
AOR
- 1D
- -0.23%
- 1M
- 1.18%
- YTD
- 7.57%
- 6M
- 7.52%
- 1Y
- 19.17%
- 3Y*
- 14.04%
- 5Y*
- 7.08%
- 10Y*
- 8.67%
AOM
- 1D
- -0.18%
- 1M
- 0.97%
- YTD
- 5.19%
- 6M
- 5.24%
- 1Y
- 14.28%
- 3Y*
- 10.86%
- 5Y*
- 4.86%
- 10Y*
- 6.39%
AOR vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 7.57% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
AOM iShares Core Moderate Allocation ETF | 5.19% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
Correlation
The correlation between AOR and AOM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.88 |
The correlation between AOR and AOM has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
AOR vs. AOM — Risk / Return Rank
AOR
AOM
AOR vs. AOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and iShares Core Moderate Allocation ETF (AOM). 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.
| AOR | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.81 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.45 | 12.09 | +0.36 |
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Drawdowns
AOR vs. AOM - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for AOR and AOM.
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Drawdown Indicators
| AOR | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -19.96% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -5.11% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -6.85% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -19.96% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -19.96% | -2.99% |
Current DrawdownCurrent decline from peak | -0.36% | -0.28% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -2.69% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.18% | +0.36% |
Volatility
AOR vs. AOM - Volatility Comparison
iShares Core 60/40 Balanced Allocation ETF (AOR) has a higher volatility of 3.39% compared to iShares Core Moderate Allocation ETF (AOM) at 2.66%. This indicates that AOR's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.66% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 5.68% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.89% | 6.90% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 8.21% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 7.96% | +2.74% |
AOR vs. AOM - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than AOM's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AOR vs. AOM - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, less than AOM's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.98% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
Frequently Asked Questions
With a correlation of 0.96, AOR and AOM 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.
AOR has higher volatility (3.39%) compared to AOM (2.66%). In terms of maximum drawdown, AOR dropped -24.44% vs AOM's -19.96%.
On 10-year performance, AOR leads with 8.67% vs 6.39% for AOM. On fees, AOR is cheaper at 0.15% per year. On volatility, AOM has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AOR has performed better with a 8.67% return vs 6.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.25% for AOM.
AOM has the higher dividend yield at 2.98%, compared with 2.46% for AOR.
AOR tracks S&P Target Risk Growth Index, while AOM tracks S&P Target Risk Moderate. Their fees differ too: 0.15% for AOR and 0.25% for AOM.
AOR currently has the higher Sharpe Ratio (2.17 vs 2.08), 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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