EAOK vs. AOK

Last updated Jun 4, 2026

EAOK (iShares ESG Aware Conservative Allocation ETF) and AOK (iShares Core Conservative Allocation ETF) are both Diversified Portfolio funds from iShares - EAOK tracks the BlackRock ESG Aware Conservative Allocation Index while AOK tracks the S&P Target Risk Conservative Index. Both are passively managed. Over the past 5 years, EAOK returned 3.20%/yr vs 3.71%/yr for AOK. Their correlation of 0.95 suggests significant overlap in exposure. EAOK charges 0.18%/yr vs 0.25%/yr for AOK.

Performance

EAOK vs. AOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Conservative Allocation ETF (EAOK) and iShares Core Conservative Allocation ETF (AOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EAOK achieves a 3.85% return, which is significantly lower than AOK's 4.26% return.

EAOK

• 1D: -0.39%
• 1M: 1.83%
• YTD: 3.85%
• 6M: 3.87%
• 1Y: 12.25%
• 3Y*: 8.79%
• 5Y*: 3.20%
• 10Y*: —

AOK

• 1D: -0.41%
• 1M: 1.66%
• YTD: 4.26%
• 6M: 4.14%
• 1Y: 12.11%
• 3Y*: 9.28%
• 5Y*: 3.71%
• 10Y*: 5.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EAOK vs. AOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EAOK iShares ESG Aware Conservative Allocation ETF	3.85%	11.47%	5.81%	10.13%	-14.92%	4.32%	8.01%
AOK iShares Core Conservative Allocation ETF	4.26%	11.26%	6.58%	10.85%	-14.16%	4.87%	7.98%

Correlation

The correlation between EAOK and AOK is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.95

The correlation between EAOK and AOK has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

EAOK vs. AOK - Sectors Allocation Comparison

Sectors	EAOK	AOK
Technology	10.2%	13.0%
Financial Services	4.8%	6.0%
Industrials	3.2%	3.6%
Consumer Cyclical	2.7%	3.2%
Communication Services	2.6%	3.4%
Healthcare	2.4%	3.0%
Consumer Defensive	1.3%	1.7%
Energy	1.1%	1.5%
Basic Materials	0.8%	1.1%
Utilities	0.8%	0.9%
Real Estate	0.6%	0.5%

Return for Risk

EAOK vs. AOK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EAOK

EAOK Risk / Return Rank: 67
EAOK Sharpe Ratio Rank: 68
EAOK Sortino Ratio Rank: 72
EAOK Omega Ratio Rank: 71
EAOK Calmar Ratio Rank: 57
EAOK Martin Ratio Rank: 67

AOK

AOK Risk / Return Rank: 61
AOK Sharpe Ratio Rank: 61
AOK Sortino Ratio Rank: 64
AOK Omega Ratio Rank: 65
AOK Calmar Ratio Rank: 54
AOK Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EAOK vs. AOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Conservative Allocation ETF (EAOK) and iShares Core Conservative Allocation ETF (AOK). 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.

	EAOK	AOK	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.11	+0.13
Sortino ratio: Return per unit of downside risk	3.28	3.01	+0.26
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	2.78	2.70	+0.07
Martin ratio: Return relative to average drawdown	12.14	11.50	+0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOK vs. AOK - Sharpe Ratio Comparison

The current EAOK Sharpe Ratio is 2.24, which is comparable to the AOK Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of EAOK and AOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EAOK	AOK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.11	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.53	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.71	-0.06

Drawdowns

EAOK vs. AOK - Drawdown Comparison

The maximum EAOK drawdown since its inception was -19.91%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for EAOK and AOK.

Drawdown Indicators

	EAOK	AOK	Difference
Max Drawdown Largest peak-to-trough decline	-19.91%	-18.94%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-4.43%	-4.50%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-7.08%	-6.37%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-19.91%	-18.94%	-0.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.94%	—
Current Drawdown Current decline from peak	-0.39%	-0.41%	+0.02%
Average Drawdown Average peak-to-trough decline	-5.02%	-2.37%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.06%	-0.05%

Volatility

EAOK vs. AOK - Volatility Comparison

iShares ESG Aware Conservative Allocation ETF (EAOK) and iShares Core Conservative Allocation ETF (AOK) have volatilities of 2.05% and 1.97%, 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.

Volatility by Period

	EAOK	AOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.97%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	4.48%	4.47%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.49%	5.76%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.04%	7.10%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.83%	6.71%	+0.12%

EAOK vs. AOK - Expense Ratio Comparison

EAOK has a 0.18% expense ratio, which is lower than AOK'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%.

Dividends

EAOK vs. AOK - Dividend Comparison

EAOK's dividend yield for the trailing twelve months is around 3.17%, less than AOK's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOK iShares Core Conservative Allocation ETF	3.28%	3.28%	3.23%	2.93%	2.25%	1.55%	2.10%	2.71%	2.68%	2.91%	2.14%	2.02%
EAOK iShares ESG Aware Conservative Allocation ETF	3.17%	3.18%	3.15%	2.80%	2.27%	1.19%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EAOK and AOK in my portfolio?

With a correlation of 0.93, EAOK and AOK 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.

Which is riskier, EAOK or AOK?

EAOK has higher volatility (2.05%) compared to AOK (1.97%). In terms of maximum drawdown, EAOK dropped -19.91% vs AOK's -18.94%.

Which ETF is better, EAOK or AOK?

On 5-year performance, AOK leads with 3.71% vs 3.20% for EAOK. On fees, EAOK 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.

Which ETF has performed better, EAOK or AOK?

Over the 5-year period, AOK has performed better with a 3.71% return vs 3.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAOK or AOK?

EAOK is cheaper with a 0.18% expense ratio, compared with 0.25% for AOK.

Which ETF pays a higher dividend yield, EAOK or AOK?

AOK has the higher dividend yield at 3.28%, compared with 3.17% for EAOK.

What is the main difference between EAOK and AOK?

EAOK tracks BlackRock ESG Aware Conservative Allocation Index, while AOK tracks S&P Target Risk Conservative Index. Their fees differ too: 0.18% for EAOK and 0.25% for AOK.

Which has better risk-adjusted returns?

EAOK currently has the higher Sharpe Ratio (2.24 vs 2.11), 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.