AOR vs. VGYAX
AOR (iShares Core 60/40 Balanced Allocation ETF) and VGYAX (Vanguard Global Wellesley Income Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 5 years, AOR returned 6.73%/yr vs 5.18%/yr for VGYAX. Their correlation of 0.83 suggests significant overlap in exposure. AOR charges 0.15%/yr vs 0.28%/yr for VGYAX.
Performance
AOR vs. VGYAX - Performance Comparison
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Returns By Period
In the year-to-date period, AOR achieves a 6.31% return, which is significantly higher than VGYAX's 4.40% return.
AOR
- 1D
- -1.18%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 5.96%
- 1Y
- 17.17%
- 3Y*
- 13.59%
- 5Y*
- 6.73%
- 10Y*
- 8.54%
VGYAX
- 1D
- -0.07%
- 1M
- 0.28%
- YTD
- 4.40%
- 6M
- 4.36%
- 1Y
- 10.93%
- 3Y*
- 9.91%
- 5Y*
- 5.18%
- 10Y*
- —
AOR vs. VGYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 6.31% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 2.48% |
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares | 4.40% | 13.31% | 6.15% | 8.95% | -8.06% | 6.58% | 5.52% | 13.92% | -4.31% | 0.98% |
Correlation
The correlation between AOR and VGYAX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | 0.83 |
The correlation between AOR and VGYAX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
AOR vs. VGYAX — Risk / Return Rank
AOR
VGYAX
AOR vs. VGYAX - 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 Global Wellesley Income Fund Admiral Shares (VGYAX). 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 | VGYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.47 | +0.12 |
| Martin ratioReturn relative to average drawdown | 11.13 | 9.29 | +1.84 |
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Drawdowns
AOR vs. VGYAX - Drawdown Comparison
The maximum AOR drawdown since its inception was -24.44%, which is greater than VGYAX's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for AOR and VGYAX.
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Drawdown Indicators
| AOR | VGYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -17.71% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -4.55% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -5.34% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -15.89% | -5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.95% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.54% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -2.64% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.21% | +0.34% |
Volatility
AOR vs. VGYAX - Volatility Comparison
iShares Core 60/40 Balanced Allocation ETF (AOR) has a higher volatility of 3.61% compared to Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX) at 1.53%. This indicates that AOR's price experiences larger fluctuations and is considered to be riskier than VGYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOR | VGYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 1.53% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 4.26% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 5.20% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 6.27% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 6.78% | +3.88% |
AOR vs. VGYAX - Expense Ratio Comparison
AOR has a 0.15% expense ratio, which is lower than VGYAX's 0.28% expense ratio.
Dividends
AOR vs. VGYAX - Dividend Comparison
AOR's dividend yield for the trailing twelve months is around 2.49%, less than VGYAX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares | 3.97% | 4.01% | 3.90% | 3.15% | 1.54% | 2.40% | 1.99% | 2.26% | 4.36% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
AOR and VGYAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.61%) compared to VGYAX (1.53%). In terms of maximum drawdown, AOR dropped -24.44% vs VGYAX's -17.71%.
VGYAX currently has the higher Sharpe Ratio (2.17 vs 1.93), 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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