BIAPX vs. AOA
BIAPX (BlackRock 80/20 Target Allocation Fund) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds. Over the past 10 years, BIAPX returned 10.07%/yr vs 10.26%/yr for AOA. Their correlation of 0.92 means they have usually moved in the same direction. BIAPX charges 0.10%/yr vs 0.15%/yr for AOA.
Performance
BIAPX vs. AOA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIAPX achieves a 9.74% return, which is significantly higher than AOA's 9.12% return. Both investments have delivered pretty close results over the past 10 years, with BIAPX having a 10.07% annualized return and AOA not far ahead at 10.26%.
BIAPX
- 1D
- 1.98%
- 1M
- -1.20%
- 6M
- 7.23%
- YTD
- 9.74%
- 1Y
- 19.95%
- 3Y*
- 12.49%
- 5Y*
- 7.32%
- 10Y*
- 10.07%
- ALL TIME*
- 7.78%
AOA
- 1D
- 0.30%
- 1M
- -0.25%
- 6M
- 6.38%
- YTD
- 9.12%
- 1Y
- 19.59%
- 3Y*
- 15.46%
- 5Y*
- 8.79%
- 10Y*
- 10.26%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.98M | $10.05M | $10.43M | |
| $0.00 | $0.00 | $0.00 |
BIAPX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 9.74% | 18.33% | 5.46% | 19.20% | -16.15% | 14.95% | 19.50% | 24.72% | -7.62% | 17.47% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 9.12% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Correlation
The correlation between BIAPX and AOA is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.92 |
The correlation between BIAPX and AOA has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIAPX vs. AOA — Risk / Return Rank
BIAPX
AOA
BIAPX vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) 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.
| BIAPX | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.27 | -0.11 |
| Martin ratioReturn relative to average drawdown | 9.10 | 9.56 | -0.46 |
Loading charts...
Drawdowns
BIAPX vs. AOA - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -53.40%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for BIAPX and AOA.
Loading charts...
Drawdown Indicators
| BIAPX | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -28.38% | -25.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -8.20% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -12.94% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -23.62% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -28.38% | +1.25% |
Current DrawdownCurrent decline from peak | -2.69% | -1.23% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -4.03% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.94% | +0.11% |
Volatility
BIAPX vs. AOA - Volatility Comparison
BlackRock 80/20 Target Allocation Fund (BIAPX) has a higher volatility of 3.90% compared to iShares Core 80/20 Aggressive Allocation ETF (AOA) at 3.19%. This indicates that BIAPX's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIAPX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.19% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 9.61% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 11.49% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 13.10% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 13.50% | +0.57% |
BIAPX vs. AOA - Expense Ratio Comparison
BIAPX has a 0.10% expense ratio, which is lower than AOA's 0.15% 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%.
Dividends
BIAPX vs. AOA - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 5.45%, more than AOA's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.13% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
BIAPX BlackRock 80/20 Target Allocation Fund | 5.45% | 5.98% | 0.00% | 4.28% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% |
Frequently Asked Questions
With a correlation of 0.95, BIAPX and AOA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BIAPX has higher volatility (3.90%) compared to AOA (3.19%). In terms of maximum drawdown, BIAPX dropped -53.40% vs AOA's -28.38%.
AOA currently has the higher Sharpe Ratio (1.62 vs 1.49), 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.
Find the right allocation for BIAPX and AOA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer