AOR vs. FSANX

Last updated Jun 3, 2026

AOR (iShares Core Growth Allocation ETF) and FSANX (Fidelity Asset Manager 60% Fund) are both Diversified Portfolio funds. Over the past 10 years, AOR returned 8.46%/yr vs 8.79%/yr for FSANX. Their correlation of 0.94 suggests significant overlap in exposure. AOR charges 0.25%/yr vs 0.68%/yr for FSANX.

Performance

AOR vs. FSANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Growth Allocation ETF (AOR) and Fidelity Asset Manager 60% Fund (FSANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOR achieves a 7.96% return, which is significantly lower than FSANX's 9.84% return. Both investments have delivered pretty close results over the past 10 years, with AOR having a 8.46% annualized return and FSANX not far ahead at 8.79%.

AOR

• 1D: 0.22%
• 1M: 3.07%
• YTD: 7.96%
• 6M: 8.80%
• 1Y: 20.12%
• 3Y*: 14.41%
• 5Y*: 7.20%
• 10Y*: 8.46%

FSANX

• 1D: 0.21%
• 1M: 3.14%
• YTD: 9.84%
• 6M: 10.97%
• 1Y: 23.08%
• 3Y*: 14.50%
• 5Y*: 7.13%
• 10Y*: 8.79%

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

AOR vs. FSANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOR iShares Core Growth Allocation ETF	7.96%	16.44%	10.68%	15.75%	-15.64%	11.19%	11.42%	18.91%	-5.82%	15.80%
FSANX Fidelity Asset Manager 60% Fund	9.84%	16.61%	9.48%	14.81%	-16.25%	11.85%	16.15%	20.64%	-6.60%	15.04%

Correlation

The correlation between AOR and FSANX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008	0.94

The correlation between AOR and FSANX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

AOR vs. FSANX — Risk / Return Rank

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

AOR

AOR Risk / Return Rank: 71
AOR Sharpe Ratio Rank: 73
AOR Sortino Ratio Rank: 75
AOR Omega Ratio Rank: 75
AOR Calmar Ratio Rank: 61
AOR Martin Ratio Rank: 71

FSANX

FSANX Risk / Return Rank: 76
FSANX Sharpe Ratio Rank: 79
FSANX Sortino Ratio Rank: 75
FSANX Omega Ratio Rank: 75
FSANX Calmar Ratio Rank: 72
FSANX Martin Ratio Rank: 77

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. FSANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and Fidelity Asset Manager 60% Fund (FSANX). 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	FSANX	Difference
Sharpe ratio Return per unit of total volatility	2.41	2.58	-0.18
Sortino ratio Return per unit of downside risk	3.43	3.63	-0.20
Omega ratio Gain probability vs. loss probability	1.45	1.49	-0.04
Calmar ratio Return relative to maximum drawdown	3.08	3.30	-0.22
Martin ratio Return relative to average drawdown	13.48	14.52	-1.03
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. FSANX - Sharpe Ratio Comparison

The current AOR Sharpe Ratio is 2.41, which is comparable to the FSANX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of AOR and FSANX, 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	FSANX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.58	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.66	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.80	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.55	+0.14

Drawdowns

AOR vs. FSANX - Drawdown Comparison

The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum FSANX drawdown of -41.49%. Use the drawdown chart below to compare losses from any high point for AOR and FSANX.

Drawdown Indicators

	AOR	FSANX	Difference
Max Drawdown Largest peak-to-trough decline	-24.44%	-41.49%	+17.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-7.09%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	-10.99%	+1.22%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-22.39%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	-24.42%	+1.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.48%	-5.44%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.61%	-0.09%

Volatility

AOR vs. FSANX - Volatility Comparison

The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.70%, while Fidelity Asset Manager 60% Fund (FSANX) has a volatility of 2.99%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than FSANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOR	FSANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.99%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	7.47%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	9.15%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	10.80%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	10.97%	-0.30%

AOR vs. FSANX - Expense Ratio Comparison

AOR has a 0.25% expense ratio, which is lower than FSANX's 0.68% expense ratio.

Dividends

AOR vs. FSANX - Dividend Comparison

AOR's dividend yield for the trailing twelve months is around 2.46%, less than FSANX's 5.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core Growth 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%
FSANX Fidelity Asset Manager 60% Fund	5.32%	5.84%	3.28%	1.93%	4.44%	2.52%	1.89%	4.14%	4.43%	1.78%	0.20%	4.12%

Frequently Asked Questions

Can I hold both AOR and FSANX in my portfolio?

With a correlation of 0.98, AOR and FSANX 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.

Which is riskier, AOR or FSANX?

FSANX has higher volatility (2.99%) compared to AOR (2.70%). In terms of maximum drawdown, AOR dropped -24.44% vs FSANX's -41.49%.

Which has better risk-adjusted returns?

FSANX currently has the higher Sharpe Ratio (2.58 vs 2.41), 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.