EEMV vs. AOR
EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Both are passively managed. Over the past 10 years, EEMV returned 7.04%/yr vs 8.58%/yr for AOR. A 0.76 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.15%/yr for AOR.
Performance
EEMV vs. AOR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EEMV achieves a 20.09% return, which is significantly higher than AOR's 7.85% return. Over the past 10 years, EEMV has underperformed AOR with an annualized return of 7.04%, while AOR has yielded a comparatively higher 8.58% annualized return.
EEMV
- 1D
- 2.55%
- 1M
- 7.71%
- YTD
- 20.09%
- 6M
- 21.21%
- 1Y
- 27.78%
- 3Y*
- 14.32%
- 5Y*
- 6.38%
- 10Y*
- 7.04%
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
EEMV vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 20.09% | 13.45% | 7.98% | 7.75% | -13.94% | 5.05% | 6.90% | 7.83% | -5.81% | 27.28% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between EEMV and AOR is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.76 |
The correlation between EEMV and AOR shifts across timeframes, from 0.72 (3 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EEMV vs. AOR — Risk / Return Rank
EEMV
AOR
EEMV vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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.
| EEMV | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.93 | +0.09 |
| Martin ratioReturn relative to average drawdown | 10.90 | 12.60 | -1.70 |
Loading charts...
Drawdowns
EEMV vs. AOR - Drawdown Comparison
The maximum EEMV drawdown since its inception was -31.56%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for EEMV and AOR.
Loading charts...
Drawdown Indicators
| EEMV | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -24.44% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -6.64% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -9.77% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -21.72% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | -22.95% | -8.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -3.47% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.54% | +1.02% |
Volatility
EEMV vs. AOR - Volatility Comparison
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.16% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EEMV | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 3.61% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 7.37% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 8.84% | +5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 10.63% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 10.70% | +3.29% |
EEMV vs. AOR - Expense Ratio Comparison
EEMV has a 0.25% expense ratio, which is higher than AOR'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
EEMV vs. AOR - Dividend Comparison
EEMV's dividend yield for the trailing twelve months is around 3.07%, more than AOR's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 3.07% | 2.65% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% |
Frequently Asked Questions
EEMV and AOR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMV has higher volatility (8.16%) compared to AOR (3.61%). In terms of maximum drawdown, EEMV dropped -31.56% vs AOR's -24.44%.
On 10-year performance, AOR leads with 8.58% vs 7.04% for EEMV. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AOR has performed better with a 8.58% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.25% for EEMV.
EEMV has the higher dividend yield at 3.07%, compared with 2.46% for AOR.
EEMV is categorized as Asia Pacific Equities, while AOR is Diversified Portfolio. EEMV tracks MSCI Emerging Markets Minimum Volatility Index, while AOR tracks S&P Target Risk Growth Index. Their fees differ too: 0.25% for EEMV and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (2.21 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.
Find the right allocation for EEMV and AOR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer