AOR vs. EEMV
AOR (iShares Core 60/40 Balanced Allocation ETF) and EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index. Both are passively managed. Over the past 10 years, AOR returned 8.58%/yr vs 7.04%/yr for EEMV. A 0.76 correlation means they provide meaningful diversification when combined. AOR charges 0.15%/yr vs 0.25%/yr for EEMV.
Performance
AOR vs. EEMV - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 7.85% return, which is significantly lower than EEMV's 20.09% return. Over the past 10 years, AOR has outperformed EEMV with an annualized return of 8.58%, while EEMV has yielded a comparatively lower 7.04% annualized 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%
EEMV
- 1D
- 2.55%
- 1M
- 7.71%
- YTD
- 20.09%
- 6M
- 21.21%
- 1Y
- 27.78%
- 3Y*
- 14.32%
- 5Y*
- 6.38%
- 10Y*
- 7.04%
AOR vs. EEMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 20.09% | 13.45% | 7.98% | 7.75% | -13.94% | 5.05% | 6.90% | 7.83% | -5.81% | 27.28% |
Correlation
The correlation between AOR and EEMV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.76 |
The correlation between AOR and EEMV shifts across timeframes, from 0.72 (3 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AOR vs. EEMV — Risk / Return Rank
AOR
EEMV
AOR vs. EEMV - 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 MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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 | EEMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.03 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.60 | 10.90 | +1.70 |
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Drawdowns
AOR vs. EEMV - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum EEMV drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for AOR and EEMV.
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Drawdown Indicators
| AOR | EEMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -31.56% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -9.22% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -12.47% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -21.90% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -31.56% | +8.61% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -7.96% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.56% | -1.02% |
Volatility
AOR vs. EEMV - Volatility Comparison
The current volatility for iShares Core 60/40 Balanced Allocation ETF (AOR) is 3.61%, while iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a volatility of 8.16%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | EEMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 8.16% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 13.51% | -6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 14.67% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 12.22% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 13.99% | -3.29% |
AOR vs. EEMV - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than EEMV'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. EEMV - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, less than EEMV's 3.07% 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% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 3.07% | 2.65% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% |
Frequently Asked Questions
AOR and EEMV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMV has higher volatility (8.16%) compared to AOR (3.61%). In terms of maximum drawdown, AOR dropped -24.44% vs EEMV's -31.56%.
On 10-year performance, AOR leads with 8.58% vs 7.04% for EEMV. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. 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 8.58% 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 0.25% for EEMV.
EEMV has the higher dividend yield at 3.07%, compared with 2.46% for AOR.
AOR is categorized as Diversified Portfolio, while EEMV is Asia Pacific Equities. AOR tracks S&P Target Risk Growth Index, while EEMV tracks MSCI Emerging Markets Minimum Volatility Index. Their fees differ too: 0.15% for AOR and 0.25% for EEMV.
AOR currently has the higher Sharpe Ratio (2.21 vs 1.91), 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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