AOR vs. FASIX
AOR (iShares Core 60/40 Balanced Allocation ETF) and FASIX (Fidelity Asset Manager 20% Fund) are both Diversified Portfolio funds. Over the past 10 years, AOR returned 8.54%/yr vs 4.52%/yr for FASIX. Their correlation of 0.83 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.51%/yr for FASIX.
Performance
AOR vs. FASIX - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 6.31% return, which is significantly higher than FASIX's 4.48% return. Over the past 10 years, AOR has outperformed FASIX with an annualized return of 8.54%, while FASIX has yielded a comparatively lower 4.52% annualized return.
AOR
- 1D
- -1.18%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 5.96%
- 1Y
- 17.17%
- 3Y*
- 13.59%
- 5Y*
- 6.73%
- 10Y*
- 8.54%
FASIX
- 1D
- -0.13%
- 1M
- 0.91%
- YTD
- 4.48%
- 6M
- 4.49%
- 1Y
- 10.62%
- 3Y*
- 7.91%
- 5Y*
- 3.57%
- 10Y*
- 4.52%
AOR vs. FASIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 6.31% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
FASIX Fidelity Asset Manager 20% Fund | 4.48% | 9.58% | 5.34% | 8.00% | -10.20% | 4.04% | 8.62% | 10.64% | -1.63% | 6.60% |
Correlation
The correlation between AOR and FASIX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.83 |
The correlation between AOR and FASIX shifts across timeframes, from 0.83 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AOR vs. FASIX — Risk / Return Rank
AOR
FASIX
AOR vs. FASIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and Fidelity Asset Manager 20% Fund (FASIX). 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 | FASIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.28 | -0.68 |
| Martin ratioReturn relative to average drawdown | 11.13 | 14.18 | -3.05 |
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Drawdowns
AOR vs. FASIX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than FASIX's maximum drawdown of -19.61%. Use the drawdown chart below to compare losses from any high point for AOR and FASIX.
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Drawdown Indicators
| AOR | FASIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -19.61% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -3.35% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -4.84% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -13.86% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -13.86% | -9.09% |
Current DrawdownCurrent decline from peak | -1.53% | -0.13% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.78% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.77% | +0.78% |
Volatility
AOR vs. FASIX - Volatility Comparison
iShares Core 60/40 Balanced Allocation ETF (AOR) has a higher volatility of 3.61% compared to Fidelity Asset Manager 20% Fund (FASIX) at 1.86%. This indicates that AOR's price experiences larger fluctuations and is considered to be riskier than FASIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | FASIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 1.86% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 3.75% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 4.45% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 5.10% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 4.67% | +5.99% |
AOR vs. FASIX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than FASIX's 0.51% expense ratio.
Dividends
AOR vs. FASIX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.49%, less than FASIX's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
FASIX Fidelity Asset Manager 20% Fund | 3.03% | 3.21% | 3.34% | 3.17% | 4.55% | 1.63% | 2.16% | 3.02% | 4.11% | 3.23% | 1.85% | 3.95% |
Frequently Asked Questions
With a correlation of 0.93, AOR and FASIX 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 (3.61%) compared to FASIX (1.86%). In terms of maximum drawdown, AOR dropped -24.44% vs FASIX's -19.61%.
FASIX currently has the higher Sharpe Ratio (2.47 vs 1.93), 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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