AOR vs. DODGX

Last updated Jun 9, 2026

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 8.29%/yr vs 12.65%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core 60/40 Balanced Allocation ETF (AOR) and Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOR achieves a 5.83% return, which is significantly higher than DODGX's 3.91% return. Over the past 10 years, AOR has underperformed DODGX with an annualized return of 8.29%, while DODGX has yielded a comparatively higher 12.65% annualized return.

AOR

• 1D: 0.28%
• 1M: -0.54%
• YTD: 5.83%
• 6M: 6.57%
• 1Y: 17.08%
• 3Y*: 13.55%
• 5Y*: 6.66%
• 10Y*: 8.29%

DODGX

• 1D: -0.70%
• 1M: 0.89%
• YTD: 3.91%
• 6M: 6.39%
• 1Y: 12.33%
• 3Y*: 15.24%
• 5Y*: 8.58%
• 10Y*: 12.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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	5.83%	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	3.91%	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 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008	0.83

The correlation between AOR and DODGX shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AOR vs. DODGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOR

AOR Risk / Return Rank: 65
AOR Sharpe Ratio Rank: 66
AOR Sortino Ratio Rank: 68
AOR Omega Ratio Rank: 69
AOR Calmar Ratio Rank: 58
AOR Martin Ratio Rank: 67

DODGX

DODGX Risk / Return Rank: 23
DODGX Sharpe Ratio Rank: 20
DODGX Sortino Ratio Rank: 20
DODGX Omega Ratio Rank: 19
DODGX Calmar Ratio Rank: 27
DODGX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	AOR	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.21	+0.77
Sortino ratio: Return per unit of downside risk	2.78	1.76	+1.02
Omega ratio: Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio: Return relative to maximum drawdown	2.58	1.82	+0.77
Martin ratio: Return relative to average drawdown	11.20	6.39	+4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOR vs. DODGX - Sharpe Ratio Comparison

The current AOR Sharpe Ratio is 1.98, which is higher than the DODGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of AOR and DODGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AOR	DODGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.21	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.54	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.66	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.63	+0.05

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.

Drawdown Indicators

	AOR	DODGX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.98%	-0.70%	-1.28%
Average Drawdown Average peak-to-trough decline	-3.47%	-7.51%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.12%	-0.59%

Volatility

AOR vs. DODGX - Volatility Comparison

iShares Core 60/40 Balanced Allocation ETF (AOR) and Dodge & Cox Stock Fund Class I (DODGX) have volatilities of 3.07% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOR	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.97%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.11%	8.21%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	11.24%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.59%	15.97%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.69%	19.22%	-8.53%

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 2.51%, less than DODGX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core 60/40 Balanced Allocation ETF	2.51%	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	9.36%	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

Can I hold both AOR and DODGX in my portfolio?

AOR and DODGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOR or DODGX?

AOR has higher volatility (3.07%) compared to DODGX (2.97%). In terms of maximum drawdown, AOR dropped -24.44% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

AOR currently has the higher Sharpe Ratio (1.98 vs 1.21), 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.