ASET vs. AOA

Last updated Jun 24, 2026

ASET (FlexShares Real Assets Allocation Index Fund) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds - ASET tracks the Northern Trust Real Assets Allocation Total Return while AOA tracks the S&P Target Risk Aggressive Index. Both are passively managed. ASET charges 0.57%/yr vs 0.15%/yr for AOA.

Performance

ASET vs. AOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and iShares Core 80/20 Aggressive Allocation ETF (AOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AOA

• 1D: -1.54%
• 1M: -0.18%
• YTD: 8.19%
• 6M: 7.63%
• 1Y: 21.66%
• 3Y*: 16.66%
• 5Y*: 8.78%
• 10Y*: 10.74%

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

ASET vs. AOA - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
AOA iShares Core 80/20 Aggressive Allocation ETF	6.65%

Return for Risk

ASET vs. AOA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AOA

AOA Risk / Return Rank: 60
AOA Sharpe Ratio Rank: 60
AOA Sortino Ratio Rank: 59
AOA Omega Ratio Rank: 61
AOA Calmar Ratio Rank: 56
AOA Martin Ratio Rank: 66

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.

ASET vs. AOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) and iShares Core 80/20 Aggressive Allocation ETF (AOA). 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.

	ASET	AOA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.65	—
Martin ratio: Return relative to average drawdown	—	11.52	—

Drawdowns

ASET vs. AOA - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for ASET and AOA.

Drawdown Indicators

	ASET	AOA	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-28.38%	+28.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.38%	—
Current Drawdown Current decline from peak	0.00%	-2.08%	+2.08%
Average Drawdown Average peak-to-trough decline	0.00%	-4.04%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.88%	—

Volatility

Volatility by Period

	ASET	AOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	11.25%	-11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	13.09%	-13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.51%	-13.51%

ASET vs. AOA - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is higher than AOA's 0.15% expense ratio.

Dividends

ASET vs. AOA - Dividend Comparison

ASET has not paid dividends to shareholders, while AOA's dividend yield for the trailing twelve months is around 2.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOA iShares Core 80/20 Aggressive Allocation ETF	2.08%	2.18%	2.30%	2.22%	2.10%	1.67%	1.71%	2.50%	2.37%	5.09%	2.26%	2.15%
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ASET or AOA?

On fees, AOA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASET or AOA?

AOA is cheaper with a 0.15% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, ASET or AOA?

AOA has the higher dividend yield at 2.08%, compared with 0.00% for ASET.

What is the main difference between ASET and AOA?

ASET tracks Northern Trust Real Assets Allocation Total Return, while AOA tracks S&P Target Risk Aggressive Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.57% for ASET and 0.15% for AOA.