EAOA vs. NDAA
EAOA (iShares ESG Aware Aggressive Allocation ETF) and NDAA (Ned Davis Research 360 Dynamic Allocation ETF) are both Diversified Portfolio funds. EAOA is passively managed, while NDAA is actively managed. Over the past year, EAOA returned 20.90% vs 20.40% for NDAA. With a 0.97 correlation, they move nearly in lockstep. EAOA charges 0.18%/yr vs 0.65%/yr for NDAA.
Performance
EAOA vs. NDAA - Performance Comparison
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Returns By Period
In the year-to-date period, EAOA achieves a 8.74% return, which is significantly higher than NDAA's 8.00% return.
EAOA
- 1D
- 0.34%
- 1M
- -0.55%
- YTD
- 8.74%
- 6M
- 7.93%
- 1Y
- 20.90%
- 3Y*
- 16.60%
- 5Y*
- 8.15%
- 10Y*
- —
NDAA
- 1D
- 0.28%
- 1M
- -2.45%
- YTD
- 8.00%
- 6M
- 7.27%
- 1Y
- 20.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAOA vs. NDAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 8.74% | 18.41% | -1.50% |
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 8.00% | 14.00% | -1.48% |
Correlation
The correlation between EAOA and NDAA is 0.97 - 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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.97 |
The correlation between EAOA and NDAA has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
EAOA vs. NDAA — Risk / Return Rank
EAOA
NDAA
EAOA vs. NDAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) and Ned Davis Research 360 Dynamic Allocation ETF (NDAA). 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 | NDAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.69 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.07 | 10.89 | +0.18 |
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Drawdowns
EAOA vs. NDAA - Drawdown Comparison
The maximum EAOA drawdown since its inception was -25.06%, which is greater than NDAA's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for EAOA and NDAA.
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Drawdown Indicators
| EAOA | NDAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.06% | -13.50% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -7.62% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -3.26% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -1.96% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.88% | +0.01% |
Volatility
EAOA vs. NDAA - Volatility Comparison
iShares ESG Aware Aggressive Allocation ETF (EAOA) and Ned Davis Research 360 Dynamic Allocation ETF (NDAA) have volatilities of 4.52% and 4.47%, 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 | NDAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 4.47% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 9.19% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 11.31% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 12.19% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 12.19% | +1.00% |
EAOA vs. NDAA - Expense Ratio Comparison
EAOA has a 0.18% expense ratio, which is lower than NDAA's 0.65% expense ratio.
Dividends
EAOA vs. NDAA - Dividend Comparison
EAOA's dividend yield for the trailing twelve months is around 1.97%, less than NDAA's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 1.97% | 2.10% | 2.09% | 2.21% | 1.93% | 1.48% | 1.12% |
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 2.51% | 2.71% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, EAOA and NDAA 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 (4.52%) compared to NDAA (4.47%). In terms of maximum drawdown, EAOA dropped -25.06% vs NDAA's -13.50%.
On 1-year performance, EAOA leads with 20.90% vs 20.40% for NDAA. On fees, EAOA is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EAOA has performed better with a 20.90% return vs 20.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOA is cheaper with a 0.18% expense ratio, compared with 0.65% for NDAA.
NDAA has the higher dividend yield at 2.51%, compared with 1.97% for EAOA.
They also come from different issuers: iShares and Ned Davis Research. Their fees differ too: 0.18% for EAOA and 0.65% for NDAA.
EAOA currently has the higher Sharpe Ratio (1.84 vs 1.81), 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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