AOR vs. DODGX
AOR (iShares Core 60/40 Balanced Allocation ETF) and DODGX (Dodge & Cox Stock Fund Class I) are both funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. AOR is passively managed, while DODGX is actively managed. Over the past 10 years, AOR returned 8.14%/yr vs 12.86%/yr for DODGX. Their correlation of 0.83 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.51%/yr for DODGX.
Performance
AOR vs. DODGX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AOR having a 6.86% return and DODGX slightly higher at 7.12%. Over the past 10 years, AOR has underperformed DODGX with an annualized return of 8.14%, while DODGX has yielded a comparatively higher 12.86% annualized return.
AOR
- 1D
- 0.63%
- 1M
- -0.89%
- 6M
- 6.37%
- YTD
- 6.86%
- 1Y
- 14.64%
- 3Y*
- 12.82%
- 5Y*
- 6.68%
- 10Y*
- 8.14%
- ALL TIME*
- 8.69%
DODGX
- 1D
- -0.34%
- 1M
- 4.08%
- 6M
- 7.19%
- YTD
- 7.12%
- 1Y
- 13.33%
- 3Y*
- 13.64%
- 5Y*
- 9.90%
- 10Y*
- 12.86%
- ALL TIME*
- 11.23%
AOR vs. DODGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 6.86% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
DODGX Dodge & Cox Stock Fund Class I | 7.12% | 13.66% | 14.36% | 17.49% | -7.25% | 31.72% | 7.10% | 24.30% | -7.15% | 18.33% |
Correlation
The correlation between AOR and DODGX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.83 |
Over the past year, the correlation between AOR and DODGX has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
AOR vs. DODGX — Risk / Return Rank
AOR
DODGX
AOR vs. DODGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and Dodge & Cox Stock Fund Class I (DODGX). 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 | DODGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.77 | +0.45 |
| Martin ratioReturn relative to average drawdown | 9.38 | 6.17 | +3.21 |
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Drawdowns
AOR vs. DODGX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for AOR and DODGX.
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Drawdown Indicators
| AOR | DODGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -63.24% | +38.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -7.48% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -14.89% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -21.85% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -40.41% | +17.46% |
Current DrawdownCurrent decline from peak | -1.01% | -1.13% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -7.49% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.14% | -0.57% |
Volatility
AOR vs. DODGX - Volatility Comparison
The current volatility for iShares Core 60/40 Balanced Allocation ETF (AOR) is 2.49%, while Dodge & Cox Stock Fund Class I (DODGX) has a volatility of 2.78%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | DODGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.78% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 8.57% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.03% | 11.48% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 15.87% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 19.09% | -8.44% |
AOR vs. DODGX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than DODGX's 0.51% expense ratio.
Dividends
AOR vs. DODGX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.58%, less than DODGX's 8.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.58% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
DODGX Dodge & Cox Stock Fund Class I | 8.96% | 9.86% | 8.20% | 3.76% | 5.47% | 3.22% | 6.74% | 10.23% | 9.69% | 6.78% | 6.26% | 5.36% |
Frequently Asked Questions
AOR and DODGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODGX has higher volatility (2.78%) compared to AOR (2.49%). In terms of maximum drawdown, AOR dropped -24.44% vs DODGX's -63.24%.
AOR currently has the higher Sharpe Ratio (1.63 vs 1.15), 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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