AOR vs. SPY
Compare and contrast key facts about iShares Core Growth Allocation ETF (AOR) and SPDR S&P 500 ETF (SPY).
AOR and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AOR and SPY 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 SPY.
Key characteristics
| AOR | SPY | |
|---|---|---|
| YTD Return | 11.66% | 26.83% |
| 1Y Return | 18.40% | 34.88% |
| 3Y Return (Ann) | 2.92% | 10.16% |
| 5Y Return (Ann) | 6.76% | 15.71% |
| 10Y Return (Ann) | 6.39% | 13.33% |
| Sharpe Ratio | 2.58 | 3.08 |
| Sortino Ratio | 3.74 | 4.10 |
| Omega Ratio | 1.48 | 1.58 |
| Calmar Ratio | 2.45 | 4.46 |
| Martin Ratio | 17.13 | 20.22 |
| Ulcer Index | 1.20% | 1.85% |
| Daily Std Dev | 7.97% | 12.18% |
| Max Drawdown | -24.44% | -55.19% |
| Current Drawdown | -1.05% | -0.26% |
Correlation
The correlation between AOR and SPY is 0.90, 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. SPY - Performance Comparison
In the year-to-date period, AOR achieves a 11.66% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, AOR has underperformed SPY with an annualized return of 6.39%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
AOR has a 0.25% expense ratio, which is higher than SPY's 0.09% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AOR vs. SPY - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AOR and SPY. For additional features, visit the drawdowns tool.
Volatility
AOR vs. SPY - Volatility Comparison
The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.77%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.