HNDL vs. AOK
HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds - HNDL tracks the NASDAQ 7 HANDL™ Index while AOK tracks the S&P Target Risk Conservative Index. Both are passively managed. Over the past 5 years, HNDL returned 4.44%/yr vs 3.37%/yr for AOK. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HNDL charges 0.97%/yr vs 0.15%/yr for AOK.
Performance
HNDL vs. AOK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HNDL achieves a 6.78% return, which is significantly higher than AOK's 4.14% return.
HNDL
- 1D
- 0.44%
- 1M
- -0.39%
- 6M
- 5.25%
- YTD
- 6.78%
- 1Y
- 11.98%
- 3Y*
- 11.41%
- 5Y*
- 4.44%
- 10Y*
- —
- ALL TIME*
- 5.63%
AOK
- 1D
- 0.51%
- 1M
- -0.41%
- 6M
- 2.50%
- YTD
- 4.14%
- 1Y
- 9.19%
- 3Y*
- 8.95%
- 5Y*
- 3.37%
- 10Y*
- 4.90%
- ALL TIME*
- 5.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.86M | $5.98M | $7.58M | |
| $1.06M | $1.10M | $1.31M |
HNDL vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.78% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.82% |
AOK iShares Core 30/70 Conservative Allocation ETF | 4.14% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -3.89% |
Correlation
The correlation between HNDL and AOK is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.77 |
The correlation between HNDL and AOK has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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
HNDL vs. AOK — Risk / Return Rank
HNDL
AOK
HNDL vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) 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.
| HNDL | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.05 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.68 | 8.41 | +1.27 |
Loading charts...
Drawdowns
HNDL vs. AOK - Drawdown Comparison
The maximum HNDL drawdown since its inception was -23.72%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for HNDL and AOK.
Loading charts...
Drawdown Indicators
| HNDL | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -18.94% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -4.50% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -5.17% | -7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -18.94% | -4.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.58% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -2.35% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.09% | +0.15% |
Volatility
HNDL vs. AOK - Volatility Comparison
Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and iShares Core 30/70 Conservative Allocation ETF (AOK) have volatilities of 1.64% and 1.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HNDL | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.70% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 4.96% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.55% | 6.01% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 7.18% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 6.73% | +3.96% |
HNDL vs. AOK - Expense Ratio Comparison
HNDL has a 0.97% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
HNDL vs. AOK - Dividend Comparison
HNDL's dividend yield for the trailing twelve months is around 6.95%, more than AOK's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.36% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.95% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HNDL and AOK 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.
AOK has higher volatility (1.70%) compared to HNDL (1.64%). In terms of maximum drawdown, HNDL dropped -23.72% vs AOK's -18.94%.
On 5-year performance, HNDL leads with 4.44% vs 3.37% for AOK. On fees, AOK is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HNDL has performed better with a 4.44% return vs 3.37%. 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 HNDL.
HNDL has the higher dividend yield at 6.95%, compared with 3.36% for AOK.
HNDL tracks NASDAQ 7 HANDL™ Index, while AOK tracks S&P Target Risk Conservative Index. They also come from different issuers: Strategy Shares and iShares. Their fees differ too: 0.97% for HNDL and 0.15% for AOK.
HNDL currently has the higher Sharpe Ratio (1.60 vs 1.54), 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 HNDL and AOK
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