AOR vs. VBTIX
AOR (iShares Core 60/40 Balanced Allocation ETF) and VBTIX (Vanguard Total Bond Market Index Fund Institutional Shares) are both funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while VBTIX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, AOR returned 8.52%/yr vs 1.54%/yr for VBTIX. At a correlation of -0.02, they often move in opposite directions. AOR charges 0.15%/yr vs 0.04%/yr for VBTIX.
Performance
AOR vs. VBTIX - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 6.83% return, which is significantly higher than VBTIX's 0.43% return. Over the past 10 years, AOR has outperformed VBTIX with an annualized return of 8.52%, while VBTIX has yielded a comparatively lower 1.54% annualized return.
AOR
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- 6.83%
- 6M
- 7.42%
- 1Y
- 17.08%
- 3Y*
- 13.55%
- 5Y*
- 6.78%
- 10Y*
- 8.52%
VBTIX
- 1D
- 0.52%
- 1M
- 0.55%
- YTD
- 0.43%
- 6M
- 0.97%
- 1Y
- 4.48%
- 3Y*
- 4.06%
- 5Y*
- 0.06%
- 10Y*
- 1.54%
AOR vs. VBTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 6.83% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 0.43% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
Correlation
The correlation between AOR and VBTIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | -0.02 |
The correlation between AOR and VBTIX shifts across timeframes, from -0.02 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AOR vs. VBTIX — Risk / Return Rank
AOR
VBTIX
AOR vs. VBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 60/40 Balanced Allocation ETF (AOR) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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 | VBTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.71 | +0.87 |
| Martin ratioReturn relative to average drawdown | 11.10 | 4.95 | +6.15 |
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Drawdowns
AOR vs. VBTIX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than VBTIX's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for AOR and VBTIX.
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Drawdown Indicators
| AOR | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -18.90% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -2.89% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -5.99% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -18.13% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | -18.90% | -4.05% |
Current DrawdownCurrent decline from peak | -1.05% | -2.25% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -2.32% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.00% | +0.55% |
Volatility
AOR vs. VBTIX - Volatility Comparison
iShares Core 60/40 Balanced Allocation ETF (AOR) has a higher volatility of 3.50% compared to Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) at 1.33%. This indicates that AOR's price experiences larger fluctuations and is considered to be riskier than VBTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 1.33% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 2.85% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 3.93% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 6.02% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 4.99% | +5.71% |
AOR vs. VBTIX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is higher than VBTIX's 0.04% 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%.
Dividends
AOR vs. VBTIX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.48%, less than VBTIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.48% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.99% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
Frequently Asked Questions
AOR and VBTIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.50%) compared to VBTIX (1.33%). In terms of maximum drawdown, AOR dropped -24.44% vs VBTIX's -18.90%.
AOR currently has the higher Sharpe Ratio (1.94 vs 1.26), 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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