AOR vs. QQQ
Compare and contrast key facts about iShares Core Growth Allocation ETF (AOR) and Invesco QQQ (QQQ).
AOR and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOR is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Growth Index. It was launched on Nov 4, 2008. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AOR and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOR or QQQ.
Key characteristics
| AOR | QQQ | |
|---|---|---|
| YTD Return | 11.66% | 25.63% |
| 1Y Return | 18.40% | 33.85% |
| 3Y Return (Ann) | 2.92% | 9.83% |
| 5Y Return (Ann) | 6.76% | 21.21% |
| 10Y Return (Ann) | 6.39% | 18.37% |
| Sharpe Ratio | 2.58 | 2.12 |
| Sortino Ratio | 3.74 | 2.79 |
| Omega Ratio | 1.48 | 1.38 |
| Calmar Ratio | 2.45 | 2.71 |
| Martin Ratio | 17.13 | 9.88 |
| Ulcer Index | 1.20% | 3.72% |
| Daily Std Dev | 7.97% | 17.31% |
| Max Drawdown | -24.44% | -82.98% |
| Current Drawdown | -1.05% | -0.37% |
Correlation
The correlation between AOR and QQQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOR vs. QQQ - Performance Comparison
In the year-to-date period, AOR achieves a 11.66% return, which is significantly lower than QQQ's 25.63% return. Over the past 10 years, AOR has underperformed QQQ with an annualized return of 6.39%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOR vs. QQQ - Expense Ratio Comparison
AOR has a 0.25% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and Invesco QQQ (QQQ). 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.
Dividends
AOR vs. QQQ - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core Growth Allocation ETF | 2.46% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% | 2.11% | 1.92% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AOR vs. QQQ - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AOR and QQQ. For additional features, visit the drawdowns tool.
Volatility
AOR vs. QQQ - Volatility Comparison
The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.20%, while Invesco QQQ (QQQ) has a volatility of 4.91%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.