EAOM vs. EAOA

Last updated Jun 5, 2026

EAOM (iShares ESG Aware Moderate Allocation ETF) and EAOA (iShares ESG Aware Aggressive Allocation ETF) are both Diversified Portfolio funds from iShares - EAOM tracks the BlackRock ESG Aware Moderate Allocation Index while EAOA tracks the BlackRock ESG Aware Aggressive Allocation Index. Both are passively managed. Over the past 5 years, EAOM returned 4.32%/yr vs 8.58%/yr for EAOA. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

EAOM vs. EAOA - Performance Comparison

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

Returns By Period

In the year-to-date period, EAOM achieves a 5.30% return, which is significantly lower than EAOA's 10.26% return.

EAOM

• 1D: 0.21%
• 1M: 2.02%
• YTD: 5.30%
• 6M: 5.55%
• 1Y: 14.38%
• 3Y*: 10.61%
• 5Y*: 4.32%
• 10Y*: —

EAOA

• 1D: 0.30%
• 1M: 3.78%
• YTD: 10.26%
• 6M: 10.73%
• 1Y: 24.34%
• 3Y*: 17.42%
• 5Y*: 8.58%
• 10Y*: —

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

EAOM vs. EAOA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EAOM iShares ESG Aware Moderate Allocation ETF	5.30%	12.90%	7.29%	11.83%	-15.48%	6.39%	10.30%
EAOA iShares ESG Aware Aggressive Allocation ETF	10.26%	18.41%	13.79%	18.27%	-17.76%	14.52%	19.79%

Correlation

The correlation between EAOM and EAOA is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.93

The correlation between EAOM and EAOA has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

EAOM vs. EAOA - Sectors Allocation Comparison

Sectors	EAOM	EAOA
Technology	30.2%	28.9%
Financial Services	16.6%	13.5%
Industrials	11.0%	9.0%
Consumer Cyclical	9.5%	7.7%
Healthcare	8.6%	6.8%
Communication Services	8.3%	7.3%
Consumer Defensive	4.4%	3.7%
Energy	3.8%	3.0%
Basic Materials	2.8%	2.4%
Utilities	2.5%	2.3%
Real Estate	2.3%	1.6%

Return for Risk

EAOM vs. EAOA — Risk / Return Rank

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

EAOM

EAOM Risk / Return Rank: 68
EAOM Sharpe Ratio Rank: 69
EAOM Sortino Ratio Rank: 73
EAOM Omega Ratio Rank: 72
EAOM Calmar Ratio Rank: 57
EAOM Martin Ratio Rank: 68

EAOA

EAOA Risk / Return Rank: 69
EAOA Sharpe Ratio Rank: 71
EAOA Sortino Ratio Rank: 72
EAOA Omega Ratio Rank: 71
EAOA Calmar Ratio Rank: 61
EAOA Martin Ratio Rank: 72

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.

EAOM vs. EAOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Moderate Allocation ETF (EAOM) and iShares ESG Aware Aggressive Allocation ETF (EAOA). 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.

	EAOM	EAOA	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.28	-0.03
Sortino ratio: Return per unit of downside risk	3.25	3.21	+0.04
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	2.79	2.99	-0.20
Martin ratio: Return relative to average drawdown	12.30	13.28	-0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAOM vs. EAOA - Sharpe Ratio Comparison

The current EAOM Sharpe Ratio is 2.25, which is comparable to the EAOA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of EAOM and EAOA, 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

	EAOM	EAOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.28	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.65	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.93	-0.17

Drawdowns

EAOM vs. EAOA - Drawdown Comparison

The maximum EAOM drawdown since its inception was -20.73%, smaller than the maximum EAOA drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for EAOM and EAOA.

Drawdown Indicators

	EAOM	EAOA	Difference
Max Drawdown Largest peak-to-trough decline	-20.73%	-25.06%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-8.17%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-7.63%	-13.84%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-20.73%	-25.06%	+4.33%
Current Drawdown Current decline from peak	-0.24%	-0.41%	+0.17%
Average Drawdown Average peak-to-trough decline	-4.96%	-5.31%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.84%	-0.67%

Volatility

EAOM vs. EAOA - Volatility Comparison

The current volatility for iShares ESG Aware Moderate Allocation ETF (EAOM) is 2.27%, while iShares ESG Aware Aggressive Allocation ETF (EAOA) has a volatility of 3.33%. This indicates that EAOM experiences smaller price fluctuations and is considered to be less risky than EAOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAOM	EAOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	3.33%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	5.24%	8.65%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	10.75%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.06%	13.24%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.90%	13.14%	-5.24%

EAOM vs. EAOA - Expense Ratio Comparison

Both EAOM and EAOA have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EAOM vs. EAOA - Dividend Comparison

EAOM's dividend yield for the trailing twelve months is around 2.78%, more than EAOA's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	1.95%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%
EAOM iShares ESG Aware Moderate Allocation ETF	2.78%	2.89%	2.89%	2.70%	1.93%	1.32%	1.02%

Frequently Asked Questions

Can I hold both EAOM and EAOA in my portfolio?

With a correlation of 0.96, EAOM and EAOA 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, EAOM or EAOA?

EAOA has higher volatility (3.33%) compared to EAOM (2.27%). In terms of maximum drawdown, EAOM dropped -20.73% vs EAOA's -25.06%.

Which ETF is better, EAOM or EAOA?

On 5-year performance, EAOA leads with 8.58% vs 4.32% for EAOM. Both ETFs have the same 0.18% expense ratio. On volatility, EAOM has been the lower-risk option at 2.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EAOM or EAOA?

Over the 5-year period, EAOA has performed better with a 8.58% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EAOM or EAOA?

EAOM and EAOA have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, EAOM or EAOA?

EAOM has the higher dividend yield at 2.78%, compared with 1.95% for EAOA.

What is the main difference between EAOM and EAOA?

EAOM tracks BlackRock ESG Aware Moderate Allocation Index, while EAOA tracks BlackRock ESG Aware Aggressive Allocation Index.

Which has better risk-adjusted returns?

EAOA currently has the higher Sharpe Ratio (2.28 vs 2.25), 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.