AVMA vs. AOA
Compare and contrast key facts about Avantis Moderate Allocation ETF (AVMA) and iShares Core Aggressive Allocation ETF (AOA).
AVMA and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVMA is an actively managed fund by Avantis. It was launched on Jun 27, 2023. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVMA or AOA.
Key characteristics
| AVMA | AOA | |
|---|---|---|
| YTD Return | 9.86% | 13.10% |
| 1Y Return | 17.85% | 20.87% |
| Sharpe Ratio | 1.89 | 2.02 |
| Daily Std Dev | 9.40% | 10.28% |
| Max Drawdown | -8.51% | -28.38% |
| Current Drawdown | 0.00% | -0.15% |
Correlation
The correlation between AVMA and AOA is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVMA vs. AOA - Performance Comparison
In the year-to-date period, AVMA achieves a 9.86% return, which is significantly lower than AOA's 13.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AVMA vs. AOA - Expense Ratio Comparison
AVMA has a 0.21% expense ratio, which is lower than AOA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AVMA vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Moderate Allocation ETF (AVMA) and iShares Core 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.
Dividends
AVMA vs. AOA - Dividend Comparison
AVMA's dividend yield for the trailing twelve months is around 1.97%, less than AOA's 2.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVMA Avantis Moderate Allocation ETF | 1.97% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.07% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
AVMA vs. AOA - Drawdown Comparison
The maximum AVMA drawdown since its inception was -8.51%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for AVMA and AOA. For additional features, visit the drawdowns tool.
Volatility
AVMA vs. AOA - Volatility Comparison
The current volatility for Avantis Moderate Allocation ETF (AVMA) is 2.93%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 3.17%. This indicates that AVMA experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.