AOR vs. USMF
AOR (iShares Core 60/40 Balanced Allocation ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, AOR returned 7.09%/yr vs 8.31%/yr for USMF. Their correlation of 0.81 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.28%/yr for USMF.
Performance
AOR vs. USMF - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 7.85% return, which is significantly higher than USMF's 6.65% return.
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
USMF
- 1D
- 1.25%
- 1M
- 5.30%
- YTD
- 6.65%
- 6M
- 6.40%
- 1Y
- 9.68%
- 3Y*
- 13.99%
- 5Y*
- 8.31%
- 10Y*
- —
AOR vs. USMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 5.71% |
USMF WisdomTree US Multifactor Fund | 6.65% | 4.60% | 19.65% | 13.47% | -8.82% | 21.26% | 12.01% | 24.06% | -4.72% | 11.27% |
Correlation
The correlation between AOR and USMF is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.81 |
The correlation between AOR and USMF shifts across timeframes, from 0.69 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AOR vs. USMF — Risk / Return Rank
AOR
USMF
AOR vs. USMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and WisdomTree US Multifactor Fund (USMF). 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 | USMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 1.50 | +1.43 |
| Martin ratioReturn relative to average drawdown | 12.60 | 4.47 | +8.13 |
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Drawdowns
AOR vs. USMF - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for AOR and USMF.
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Drawdown Indicators
| AOR | USMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -36.24% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -6.47% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -15.39% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -18.10% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.15% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.17% | -0.63% |
Volatility
AOR vs. USMF - Volatility Comparison
The current volatility for iShares Core 60/40 Balanced Allocation ETF (AOR) is 3.61%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.10%. This indicates that AOR experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | USMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 4.10% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 8.13% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 11.31% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 14.34% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 16.97% | -6.27% |
AOR vs. USMF - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than USMF's 0.28% expense ratio.
Dividends
AOR vs. USMF - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.46%, more than USMF's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced 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% |
USMF WisdomTree US Multifactor Fund | 1.29% | 1.37% | 1.22% | 1.33% | 1.74% | 1.42% | 1.34% | 1.38% | 1.45% | 0.67% | 0.00% | 0.00% |
Frequently Asked Questions
AOR and USMF have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMF has higher volatility (4.10%) compared to AOR (3.61%). In terms of maximum drawdown, AOR dropped -24.44% vs USMF's -36.24%.
On 5-year performance, USMF leads with 8.31% vs 7.09% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USMF has performed better with a 8.31% return vs 7.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.28% for USMF.
AOR has the higher dividend yield at 2.46%, compared with 1.29% for USMF.
AOR is categorized as Diversified Portfolio, while USMF is Mid Cap Blend Equities. AOR tracks S&P Target Risk Growth Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for AOR and 0.28% for USMF.
AOR currently has the higher Sharpe Ratio (2.21 vs 0.86), 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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