GYLD vs. AOR
GYLD (Arrow Dow Jones Global Yield ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds - GYLD tracks the DJ Brookfield Global Infrastructure Composite Yield while AOR tracks the S&P Target Risk Growth Index. Both are passively managed. Over the past 10 years, GYLD returned 4.72%/yr vs 8.54%/yr for AOR. At a 0.47 correlation, their price movements are largely independent. GYLD charges 0.75%/yr vs 0.15%/yr for AOR.
Performance
GYLD vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, GYLD achieves a 7.29% return, which is significantly higher than AOR's 6.31% return. Over the past 10 years, GYLD has underperformed AOR with an annualized return of 4.72%, while AOR has yielded a comparatively higher 8.54% annualized return.
GYLD
- 1D
- -0.70%
- 1M
- -1.41%
- YTD
- 7.29%
- 6M
- 7.99%
- 1Y
- 16.25%
- 3Y*
- 15.08%
- 5Y*
- 6.08%
- 10Y*
- 4.72%
AOR
- 1D
- -1.18%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 5.96%
- 1Y
- 17.17%
- 3Y*
- 13.59%
- 5Y*
- 6.73%
- 10Y*
- 8.54%
GYLD vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 7.29% | 19.85% | 3.83% | 10.36% | -7.73% | 18.03% | -11.17% | 13.29% | -9.97% | 4.33% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.31% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between GYLD and AOR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 8, 2012 | 0.47 |
Over the past year, the correlation between GYLD and AOR has dropped to 0.24 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
GYLD vs. AOR — Risk / Return Rank
GYLD
AOR
GYLD vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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.
| GYLD | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.60 | +0.76 |
| Martin ratioReturn relative to average drawdown | 9.53 | 11.13 | -1.60 |
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Drawdowns
GYLD vs. AOR - Drawdown Comparison
The maximum GYLD drawdown since its inception was -55.03%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for GYLD and AOR.
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Drawdown Indicators
| GYLD | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.03% | -24.44% | -30.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -6.64% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.37% | -9.77% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -21.72% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -47.89% | -22.95% | -24.94% |
Current DrawdownCurrent decline from peak | -2.28% | -1.53% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -14.36% | -3.47% | -10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.55% | +0.16% |
Volatility
GYLD vs. AOR - Volatility Comparison
The current volatility for Arrow Dow Jones Global Yield ETF (GYLD) is 3.27%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 3.61%. This indicates that GYLD experiences smaller price fluctuations and is considered to be less risky than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GYLD | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.61% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 7.49% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 8.96% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 10.64% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 10.66% | +5.85% |
GYLD vs. AOR - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
GYLD vs. AOR - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 7.55%, more than AOR's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
GYLD Arrow Dow Jones Global Yield ETF | 7.55% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
Frequently Asked Questions
GYLD and AOR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.61%) compared to GYLD (3.27%). In terms of maximum drawdown, GYLD dropped -55.03% vs AOR's -24.44%.
On 10-year performance, AOR leads with 8.54% vs 4.72% for GYLD. On fees, AOR is cheaper at 0.15% per year. On volatility, GYLD has been the lower-risk option at 3.27%. 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 8.54% return vs 4.72%. 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 0.75% for GYLD.
GYLD has the higher dividend yield at 7.55%, compared with 2.49% for AOR.
GYLD tracks DJ Brookfield Global Infrastructure Composite Yield, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: Arrow Funds and iShares. Their fees differ too: 0.75% for GYLD and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (1.93 vs 1.32), 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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