IEDI vs. AOA
IEDI (iShares Evolved U.S. Discretionary Spending ETF) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both exchange-traded funds - IEDI is a Consumer Discretionary Equities fund actively managed by iShares, while AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index. IEDI is actively managed, while AOA is passively managed. Over the past 5 years, IEDI returned 5.94%/yr vs 8.78%/yr for AOA. A 0.79 correlation means they provide meaningful diversification when combined. IEDI charges 0.18%/yr vs 0.15%/yr for AOA.
Performance
IEDI vs. AOA - Performance Comparison
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Returns By Period
In the year-to-date period, IEDI achieves a -0.29% return, which is significantly lower than AOA's 8.19% return.
IEDI
- 1D
- 0.23%
- 1M
- -0.61%
- YTD
- -0.29%
- 6M
- -0.97%
- 1Y
- 2.66%
- 3Y*
- 12.75%
- 5Y*
- 5.94%
- 10Y*
- —
AOA
- 1D
- -1.54%
- 1M
- -0.18%
- YTD
- 8.19%
- 6M
- 7.63%
- 1Y
- 21.66%
- 3Y*
- 16.66%
- 5Y*
- 8.78%
- 10Y*
- 10.74%
IEDI vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | -0.29% | 4.05% | 22.11% | 24.32% | -23.17% | 21.19% | 29.83% | 31.07% | 0.42% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.19% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -6.79% |
Correlation
The correlation between IEDI and AOA is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.79 |
Over the past year, the correlation between IEDI and AOA has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
IEDI vs. AOA — Risk / Return Rank
IEDI
AOA
IEDI vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) and iShares Core 80/20 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.
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.
| IEDI | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.36 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.65 | -2.37 |
| Martin ratioReturn relative to average drawdown | 0.66 | 11.52 | -10.86 |
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Drawdowns
IEDI vs. AOA - Drawdown Comparison
The maximum IEDI drawdown since its inception was -30.60%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for IEDI and AOA.
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Drawdown Indicators
| IEDI | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.60% | -28.38% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -8.20% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.64% | -12.94% | -5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.79% | -23.62% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | -6.12% | -2.08% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -4.04% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 1.88% | +2.17% |
Volatility
IEDI vs. AOA - Volatility Comparison
iShares Evolved U.S. Discretionary Spending ETF (IEDI) and iShares Core 80/20 Aggressive Allocation ETF (AOA) have volatilities of 4.27% and 4.43%, 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.
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Volatility by Period
| IEDI | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.43% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 9.34% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 11.25% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 13.09% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 13.51% | +5.91% |
IEDI vs. AOA - Expense Ratio Comparison
IEDI has a 0.18% expense ratio, which is higher than AOA's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEDI vs. AOA - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 0.96%, less than AOA's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.96% | 0.95% | 0.90% | 1.13% | 3.38% | 0.70% | 0.83% | 2.07% | 1.57% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEDI and AOA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOA has higher volatility (4.43%) compared to IEDI (4.27%). In terms of maximum drawdown, IEDI dropped -30.60% vs AOA's -28.38%.
On 5-year performance, AOA leads with 8.78% vs 5.94% for IEDI. On fees, AOA is cheaper at 0.15% per year. On volatility, IEDI has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 8.78% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 0.18% for IEDI.
AOA has the higher dividend yield at 2.08%, compared with 0.96% for IEDI.
IEDI is categorized as Consumer Discretionary Equities, while AOA is Diversified Portfolio. Their fees differ too: 0.18% for IEDI and 0.15% for AOA.
AOA currently has the higher Sharpe Ratio (1.94 vs 0.20), 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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