FFNOX vs. AOA
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and iShares Core Aggressive Allocation ETF (AOA).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. 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.
Performance
FFNOX vs. AOA - Performance Comparison
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FFNOX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | -1.30% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
AOA iShares Core Aggressive Allocation ETF | -0.59% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Returns By Period
In the year-to-date period, FFNOX achieves a -1.30% return, which is significantly lower than AOA's -0.59% return. Both investments have delivered pretty close results over the past 10 years, with FFNOX having a 10.18% annualized return and AOA not far behind at 9.69%.
FFNOX
- 1D
- 2.57%
- 1M
- -5.24%
- YTD
- -1.30%
- 6M
- 0.93%
- 1Y
- 18.17%
- 3Y*
- 14.42%
- 5Y*
- 7.82%
- 10Y*
- 10.18%
AOA
- 1D
- 0.61%
- 1M
- -4.11%
- YTD
- -0.59%
- 6M
- 1.92%
- 1Y
- 18.69%
- 3Y*
- 14.47%
- 5Y*
- 7.97%
- 10Y*
- 9.69%
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FFNOX vs. AOA - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than AOA'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%.
Return for Risk
FFNOX vs. AOA — Risk / Return Rank
FFNOX
AOA
FFNOX vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) 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.
| FFNOX | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.35 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.97 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.98 | -0.19 |
Martin ratioReturn relative to average drawdown | 8.08 | 8.82 | -0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFNOX | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.35 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.62 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.72 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.65 | -0.24 |
Correlation
The correlation between FFNOX and AOA is 0.95, 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.
Dividends
FFNOX vs. AOA - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 3.73%, more than AOA's 2.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 3.73% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
AOA iShares Core Aggressive Allocation ETF | 2.19% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
Drawdowns
FFNOX vs. AOA - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.84%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for FFNOX and AOA.
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Drawdown Indicators
| FFNOX | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -28.38% | -21.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.62% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -23.62% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -29.93% | -28.38% | -1.55% |
Current DrawdownCurrent decline from peak | -6.25% | -5.18% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -4.08% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.16% | +0.14% |
Volatility
FFNOX vs. AOA - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 5.63% compared to iShares Core Aggressive Allocation ETF (AOA) at 5.28%. This indicates that FFNOX'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.
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Volatility by Period
| FFNOX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 5.28% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 8.34% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 13.87% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 12.92% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 13.51% | +1.01% |