CDDYX vs. AOR
CDDYX (Columbia Dividend Income Fund Institutional 3 Class) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both funds - CDDYX is a Large Cap Value Equities fund managed by Columbia, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Over the past 10 years, CDDYX returned 12.81%/yr vs 8.52%/yr for AOR. Their correlation of 0.84 suggests significant overlap in exposure. CDDYX charges 0.55%/yr vs 0.15%/yr for AOR.
Performance
CDDYX vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, CDDYX achieves a 9.15% return, which is significantly higher than AOR's 6.83% return. Over the past 10 years, CDDYX has outperformed AOR with an annualized return of 12.81%, while AOR has yielded a comparatively lower 8.52% annualized return.
CDDYX
- 1D
- 1.18%
- 1M
- 2.41%
- YTD
- 9.15%
- 6M
- 8.77%
- 1Y
- 20.36%
- 3Y*
- 16.65%
- 5Y*
- 10.94%
- 10Y*
- 12.81%
AOR
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- 6.83%
- 6M
- 7.42%
- 1Y
- 17.08%
- 3Y*
- 13.55%
- 5Y*
- 6.78%
- 10Y*
- 8.52%
CDDYX vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 9.15% | 15.95% | 15.17% | 10.65% | -4.84% | 26.43% | 7.92% | 28.74% | -4.27% | 20.34% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.83% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between CDDYX and AOR is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.84 |
The correlation between CDDYX and AOR shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CDDYX vs. AOR — Risk / Return Rank
CDDYX
AOR
CDDYX vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and iShares Core 60/40 Balanced Allocation ETF (AOR). 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.
| CDDYX | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 2.58 | +1.22 |
| Martin ratioReturn relative to average drawdown | 14.30 | 11.10 | +3.20 |
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Drawdowns
CDDYX vs. AOR - Drawdown Comparison
The maximum CDDYX drawdown since its inception was -32.74%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for CDDYX and AOR.
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Drawdown Indicators
| CDDYX | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.74% | -24.44% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -6.64% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -9.77% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -21.72% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.74% | -22.95% | -9.79% |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -3.47% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.55% | -0.09% |
Volatility
CDDYX vs. AOR - Volatility Comparison
The current volatility for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) is 2.70%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 3.50%. This indicates that CDDYX experiences smaller price fluctuations and is considered to be less risky than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDDYX | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.50% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 7.32% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 8.85% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 10.61% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 10.70% | +4.99% |
CDDYX vs. AOR - Expense Ratio Comparison
CDDYX has a 0.55% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
CDDYX vs. AOR - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 4.93%, more than AOR's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.48% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 4.93% | 5.33% | 5.99% | 4.96% | 3.90% | 2.93% | 1.85% | 3.28% | 7.65% | 4.03% | 3.84% | 8.35% |
Frequently Asked Questions
CDDYX and AOR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.50%) compared to CDDYX (2.70%). In terms of maximum drawdown, CDDYX dropped -32.74% vs AOR's -24.44%.
CDDYX currently has the higher Sharpe Ratio (2.28 vs 1.94), 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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