AOR vs. URNM

Last updated Jun 3, 2026

AOR (iShares Core Growth Allocation ETF) and URNM (NorthShore Global Uranium Mining ETF) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while URNM is a Commodity Producers Equities fund tracking the North Shore Global Uranium Mining Index. Both are passively managed. Over the past 5 years, AOR returned 7.20%/yr vs 17.52%/yr for URNM. At a 0.49 correlation, their price movements are largely independent. AOR charges 0.25%/yr vs 0.85%/yr for URNM.

Performance

AOR vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Growth Allocation ETF (AOR) and NorthShore Global Uranium Mining ETF (URNM). 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 URNM's 19.04% return.

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%

URNM

• 1D: 6.87%
• 1M: -2.67%
• YTD: 19.04%
• 6M: 20.65%
• 1Y: 71.15%
• 3Y*: 29.62%
• 5Y*: 17.52%
• 10Y*: —

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

AOR vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AOR iShares Core Growth Allocation ETF	7.96%	16.44%	10.68%	15.75%	-15.64%	11.19%	11.42%	2.34%
URNM NorthShore Global Uranium Mining ETF	19.04%	40.78%	-14.13%	57.80%	-11.86%	78.32%	68.36%	3.70%

Correlation

The correlation between AOR and URNM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.49

AOR vs. URNM - Sectors Allocation Comparison

Sectors	AOR	URNM
Technology	27.8%	-
Financial Services	16.2%	-
Industrials	11.9%	-
Consumer Cyclical	9.5%	-
Communication Services	8.1%	-
Healthcare	8.0%	-
Consumer Defensive	5.0%	-
Energy	4.3%	97.4%
Basic Materials	4.2%	2.6%
Utilities	2.7%	-
Real Estate	2.4%	-

Return for Risk

AOR vs. URNM — 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

URNM

URNM Risk / Return Rank: 38
URNM Sharpe Ratio Rank: 39
URNM Sortino Ratio Rank: 39
URNM Omega Ratio Rank: 36
URNM Calmar Ratio Rank: 43
URNM Martin Ratio Rank: 31

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. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) and NorthShore Global Uranium Mining ETF (URNM). 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	URNM	Difference
Sharpe ratio Return per unit of total volatility	2.41	1.39	+1.01
Sortino ratio Return per unit of downside risk	3.43	2.04	+1.39
Omega ratio Gain probability vs. loss probability	1.45	1.24	+0.21
Calmar ratio Return relative to maximum drawdown	3.08	2.12	+0.96
Martin ratio Return relative to average drawdown	13.48	4.65	+8.83
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. URNM - Sharpe Ratio Comparison

The current AOR Sharpe Ratio is 2.41, which is higher than the URNM Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AOR and URNM, 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	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.39	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.37	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.70	-0.01

Drawdowns

AOR vs. URNM - Drawdown Comparison

The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum URNM drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for AOR and URNM.

Drawdown Indicators

	AOR	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-24.44%	-50.78%	+26.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-32.04%	+25.40%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	-50.78%	+41.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-50.78%	+29.06%
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	—	—
Current Drawdown Current decline from peak	0.00%	-22.21%	+22.21%
Average Drawdown Average peak-to-trough decline	-3.48%	-18.02%	+14.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	14.61%	-13.09%

Volatility

AOR vs. URNM - Volatility Comparison

The current volatility for iShares Core Growth Allocation ETF (AOR) is 2.70%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 15.06%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AOR	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	15.06%	-12.36%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	39.86%	-33.05%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	51.36%	-42.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	48.23%	-37.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	46.85%	-36.18%

AOR vs. URNM - Expense Ratio Comparison

AOR has a 0.25% expense ratio, which is lower than URNM's 0.85% expense ratio.

Dividends

AOR vs. URNM - Dividend Comparison

AOR's dividend yield for the trailing twelve months is around 2.46%, less than URNM's 2.67% 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%
URNM NorthShore Global Uranium Mining ETF	2.67%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AOR and URNM in my portfolio?

AOR and URNM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOR or URNM?

URNM has higher volatility (15.06%) compared to AOR (2.70%). In terms of maximum drawdown, AOR dropped -24.44% vs URNM's -50.78%.

Which ETF is better, AOR or URNM?

On 5-year performance, URNM leads with 17.52% vs 7.20% for AOR. On fees, AOR is cheaper at 0.25% per year. On volatility, AOR has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOR or URNM?

Over the 5-year period, URNM has performed better with a 17.52% return vs 7.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOR or URNM?

AOR is cheaper with a 0.25% expense ratio, compared with 0.85% for URNM.

Which ETF pays a higher dividend yield, AOR or URNM?

URNM has the higher dividend yield at 2.67%, compared with 2.46% for AOR.

What is the main difference between AOR and URNM?

AOR is categorized as Diversified Portfolio, while URNM is Commodity Producers Equities. AOR tracks S&P Target Risk Growth Index, while URNM tracks North Shore Global Uranium Mining Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.25% for AOR and 0.85% for URNM.

Which has better risk-adjusted returns?

AOR currently has the higher Sharpe Ratio (2.41 vs 1.39), 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.