AOR vs. BINC
AOR (iShares Core 60/40 Balanced Allocation ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while BINC is a Multisector Bonds fund actively managed by iShares. AOR is passively managed, while BINC is actively managed. Over the past 3 years, AOR returned 13.65%/yr vs 7.04%/yr for BINC. A 0.63 correlation means they provide meaningful diversification when combined. AOR charges 0.15%/yr vs 0.40%/yr for BINC.
Performance
AOR vs. BINC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AOR achieves a 7.85% return, which is significantly higher than BINC's 1.29% return.
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
BINC
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 1.29%
- 6M
- 1.78%
- 1Y
- 5.90%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
AOR vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 8.43% |
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between AOR and BINC is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.63 |
The correlation between AOR and BINC has been stable across timeframes, ranging from 0.63 to 0.65 - 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
AOR vs. BINC — Risk / Return Rank
AOR
BINC
AOR vs. BINC - 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 Flexible Income Active ETF (BINC). 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 | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.20 | +0.73 |
| Martin ratioReturn relative to average drawdown | 12.60 | 8.60 | +3.99 |
Loading charts...
Drawdowns
AOR vs. BINC - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for AOR and BINC.
Loading charts...
Drawdown Indicators
| AOR | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -2.69% | -21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -2.69% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -2.69% | -7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.10% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -0.36% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.69% | +0.85% |
Volatility
AOR vs. BINC - Volatility Comparison
iShares Core 60/40 Balanced Allocation ETF (AOR) has a higher volatility of 3.61% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that AOR's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AOR | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 0.75% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 1.87% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 2.30% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 2.99% | +7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 2.99% | +7.71% |
AOR vs. BINC - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
AOR vs. BINC - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, less than BINC's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOR and BINC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.61%) compared to BINC (0.75%). In terms of maximum drawdown, AOR dropped -24.44% vs BINC's -2.69%.
On 3-year performance, AOR leads with 13.65% vs 7.04% for BINC. On fees, AOR is cheaper at 0.15% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AOR has performed better with a 13.65% return vs 7.04%. 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 0.40% for BINC.
BINC has the higher dividend yield at 5.84%, compared with 2.46% for AOR.
AOR is categorized as Diversified Portfolio, while BINC is Multisector Bonds. Their fees differ too: 0.15% for AOR and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.58 vs 2.21), 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 AOR and BINC
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