EAOA vs. AOA
EAOA (iShares ESG Aware Aggressive Allocation ETF) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds from iShares - EAOA tracks the BlackRock ESG Aware Aggressive Allocation Index while AOA tracks the S&P Target Risk Aggressive Index. Both are passively managed. Over the past 5 years, EAOA returned 8.15%/yr vs 8.78%/yr for AOA. With a 0.99 correlation, they move nearly in lockstep. EAOA charges 0.18%/yr vs 0.15%/yr for AOA.
Performance
EAOA vs. AOA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EAOA having a 8.44% return and AOA slightly lower at 8.19%.
EAOA
- 1D
- -1.52%
- 1M
- 0.18%
- YTD
- 8.44%
- 6M
- 7.91%
- 1Y
- 21.71%
- 3Y*
- 16.45%
- 5Y*
- 8.15%
- 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%
EAOA vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 8.44% | 18.41% | 13.79% | 18.27% | -17.76% | 14.52% | 19.79% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.19% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 18.40% |
Correlation
The correlation between EAOA and AOA is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.99 |
The correlation between EAOA and AOA has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
EAOA vs. AOA — Risk / Return Rank
EAOA
AOA
EAOA vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) 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.
| EAOA | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.65 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.55 | 11.52 | +0.03 |
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Drawdowns
EAOA vs. AOA - Drawdown Comparison
The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for EAOA and AOA.
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Drawdown Indicators
| EAOA | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -28.38% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -8.20% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -12.94% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -23.62% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | -2.05% | -2.08% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.04% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.88% | 0.00% |
Volatility
EAOA vs. AOA - Volatility Comparison
iShares ESG Aware Aggressive Allocation ETF (EAOA) and iShares Core 80/20 Aggressive Allocation ETF (AOA) have volatilities of 4.64% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAOA | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.43% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 9.34% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 11.25% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 13.09% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 13.51% | -0.31% |
EAOA vs. AOA - Expense Ratio Comparison
EAOA has a 0.18% expense ratio, which is higher than AOA's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EAOA vs. AOA - Dividend Comparison
EAOA's dividend yield for the trailing twelve months is around 1.98%, less than AOA's 2.08% yield.
| 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% |
EAOA iShares ESG Aware Aggressive Allocation ETF | 1.98% | 2.10% | 2.09% | 2.21% | 1.93% | 1.48% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, EAOA 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.
EAOA has higher volatility (4.64%) compared to AOA (4.43%). In terms of maximum drawdown, EAOA dropped -25.06% vs AOA's -28.38%.
On 5-year performance, AOA leads with 8.78% vs 8.15% for EAOA. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 8.78% return vs 8.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 0.18% for EAOA.
AOA has the higher dividend yield at 2.08%, compared with 1.98% for EAOA.
EAOA tracks BlackRock ESG Aware Aggressive Allocation Index, while AOA tracks S&P Target Risk Aggressive Index. Their fees differ too: 0.18% for EAOA and 0.15% for AOA.
AOA currently has the higher Sharpe Ratio (1.94 vs 1.91), 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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