ETEC vs. AOA
Compare and contrast key facts about iShares Breakthrough Environmental Solutions ETF (ETEC) and iShares Core Aggressive Allocation ETF (AOA).
ETEC and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETEC is a passively managed fund by iShares that tracks the performance of the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net. It was launched on Mar 28, 2023. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both ETEC and AOA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETEC or AOA.
Correlation
The correlation between ETEC and AOA is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ETEC vs. AOA - Performance Comparison
Key characteristics
ETEC:
-0.18
AOA:
1.62
ETEC:
-0.10
AOA:
2.26
ETEC:
0.99
AOA:
1.30
ETEC:
-0.15
AOA:
2.55
ETEC:
-0.45
AOA:
9.24
ETEC:
9.67%
AOA:
1.72%
ETEC:
23.38%
AOA:
9.82%
ETEC:
-28.33%
AOA:
-28.38%
ETEC:
-24.16%
AOA:
-0.19%
Returns By Period
The year-to-date returns for both stocks are quite close, with ETEC having a 4.38% return and AOA slightly lower at 4.24%.
ETEC
4.38%
1.44%
-0.48%
-2.92%
N/A
N/A
AOA
4.24%
1.94%
5.85%
16.04%
8.62%
7.89%
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ETEC vs. AOA - Expense Ratio Comparison
ETEC has a 0.47% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
ETEC vs. AOA — Risk-Adjusted Performance Rank
ETEC
AOA
ETEC vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) and iShares Core 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.
Dividends
ETEC vs. AOA - Dividend Comparison
ETEC's dividend yield for the trailing twelve months is around 1.19%, less than AOA's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETEC iShares Breakthrough Environmental Solutions ETF | 1.19% | 1.24% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.20% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% |
Drawdowns
ETEC vs. AOA - Drawdown Comparison
The maximum ETEC drawdown since its inception was -28.33%, roughly equal to the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for ETEC and AOA. For additional features, visit the drawdowns tool.
Volatility
ETEC vs. AOA - Volatility Comparison
iShares Breakthrough Environmental Solutions ETF (ETEC) has a higher volatility of 5.02% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.20%. This indicates that ETEC's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.