BIAPX vs. AOA
Compare and contrast key facts about BlackRock 80/20 Target Allocation Fund (BIAPX) and iShares Core Aggressive Allocation ETF (AOA).
BIAPX is managed by BlackRock. It was launched on Dec 20, 2006. 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.
Performance
BIAPX vs. AOA - Performance Comparison
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BIAPX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | -2.24% | 18.33% | 5.46% | 19.20% | -16.15% | 14.95% | 19.50% | 24.72% | -7.62% | 17.47% |
AOA iShares Core Aggressive Allocation ETF | -0.59% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Returns By Period
In the year-to-date period, BIAPX achieves a -2.24% return, which is significantly lower than AOA's -0.59% return. Both investments have delivered pretty close results over the past 10 years, with BIAPX having a 9.32% annualized return and AOA not far ahead at 9.69%.
BIAPX
- 1D
- 2.74%
- 1M
- -5.17%
- YTD
- -2.24%
- 6M
- -0.22%
- 1Y
- 17.36%
- 3Y*
- 11.49%
- 5Y*
- 5.89%
- 10Y*
- 9.32%
AOA
- 1D
- 0.61%
- 1M
- -4.11%
- YTD
- -0.59%
- 6M
- 1.92%
- 1Y
- 18.69%
- 3Y*
- 14.47%
- 5Y*
- 7.97%
- 10Y*
- 9.69%
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BIAPX vs. AOA - Expense Ratio Comparison
BIAPX has a 0.10% 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%.
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 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.
| BIAPX | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.35 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.97 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.98 | -0.32 |
Martin ratioReturn relative to average drawdown | 7.44 | 8.82 | -1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIAPX | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.35 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.62 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.72 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.65 | -0.24 |
Correlation
The correlation between BIAPX and AOA is 0.92, 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.
Dividends
BIAPX vs. AOA - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 6.12%, more than AOA's 2.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 6.12% | 5.98% | 0.00% | 4.28% | 2.30% | 6.04% | 2.07% | 2.49% | 6.26% | 3.12% | 1.67% | 13.86% |
AOA iShares Core Aggressive Allocation ETF | 2.19% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
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.
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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 | -9.92% | -9.62% | -0.30% |
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 | -6.13% | -5.18% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -4.08% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.16% | +0.05% |
Volatility
BIAPX vs. AOA - Volatility Comparison
BlackRock 80/20 Target Allocation Fund (BIAPX) has a higher volatility of 5.68% compared to iShares Core Aggressive Allocation ETF (AOA) at 5.28%. 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.
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Volatility by Period
| BIAPX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.28% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 8.34% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 13.87% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 12.92% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 13.51% | +0.46% |