FTBI vs. AOK
FTBI (First Trust Balanced Income ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds. FTBI is actively managed, while AOK is passively managed. Over the past year, FTBI returned 15.59% vs 10.22% for AOK. A 0.80 correlation means they provide meaningful diversification when combined. FTBI charges 0.97%/yr vs 0.15%/yr for AOK.
Performance
FTBI vs. AOK - Performance Comparison
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Returns By Period
In the year-to-date period, FTBI achieves a 5.64% return, which is significantly higher than AOK's 4.06% return.
FTBI
- 1D
- -0.51%
- 1M
- 0.53%
- YTD
- 5.64%
- 6M
- 4.96%
- 1Y
- 15.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOK
- 1D
- 0.22%
- 1M
- 0.52%
- YTD
- 4.06%
- 6M
- 3.65%
- 1Y
- 10.22%
- 3Y*
- 9.11%
- 5Y*
- 3.67%
- 10Y*
- 5.22%
FTBI vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTBI First Trust Balanced Income ETF | 5.64% | 11.60% |
AOK iShares Core 30/70 Conservative Allocation ETF | 4.06% | 8.09% |
Correlation
The correlation between FTBI and AOK is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.80 |
The correlation between FTBI and AOK has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
FTBI vs. AOK — Risk / Return Rank
FTBI
AOK
FTBI vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Balanced Income ETF (FTBI) and iShares Core 30/70 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.
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.
| FTBI | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.28 | +0.65 |
| Martin ratioReturn relative to average drawdown | 12.99 | 9.60 | +3.39 |
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Drawdowns
FTBI vs. AOK - Drawdown Comparison
The maximum FTBI drawdown since its inception was -5.34%, smaller than the maximum AOK drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for FTBI and AOK.
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Drawdown Indicators
| FTBI | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.34% | -18.94% | +13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -4.50% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.60% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -2.36% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.07% | +0.13% |
Volatility
FTBI vs. AOK - Volatility Comparison
First Trust Balanced Income ETF (FTBI) has a higher volatility of 2.76% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 2.26%. This indicates that FTBI's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTBI | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 2.26% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | 4.86% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 6.01% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 7.15% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 6.72% | +0.64% |
FTBI vs. AOK - Expense Ratio Comparison
FTBI has a 0.97% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
FTBI vs. AOK - Dividend Comparison
FTBI's dividend yield for the trailing twelve months is around 7.94%, more than AOK's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
FTBI First Trust Balanced Income ETF | 7.94% | 4.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTBI and AOK have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBI has higher volatility (2.76%) compared to AOK (2.26%). In terms of maximum drawdown, FTBI dropped -5.34% vs AOK's -18.94%.
On 1-year performance, FTBI leads with 15.59% vs 10.22% for AOK. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTBI has performed better with a 15.59% return vs 10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK is cheaper with a 0.15% expense ratio, compared with 0.97% for FTBI.
FTBI has the higher dividend yield at 7.94%, compared with 3.29% for AOK.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.97% for FTBI and 0.15% for AOK.
FTBI currently has the higher Sharpe Ratio (2.10 vs 1.73), 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.
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