IEDI vs. AOA
Compare and contrast key facts about iShares Evolved U.S. Discretionary Spending ETF (IEDI) and iShares Core Aggressive Allocation ETF (AOA).
IEDI and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEDI or AOA.
Key characteristics
| IEDI | AOA | |
|---|---|---|
| YTD Return | 22.34% | 16.00% |
| 1Y Return | 38.20% | 27.19% |
| 3Y Return (Ann) | 5.34% | 4.69% |
| 5Y Return (Ann) | 13.72% | 9.14% |
| Sharpe Ratio | 2.89 | 2.68 |
| Sortino Ratio | 3.98 | 3.76 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 2.22 | 2.63 |
| Martin Ratio | 13.05 | 17.75 |
| Ulcer Index | 2.83% | 1.49% |
| Daily Std Dev | 12.78% | 9.85% |
| Max Drawdown | -30.60% | -28.38% |
| Current Drawdown | 0.00% | -0.28% |
Correlation
The correlation between IEDI and AOA is 0.80, 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.
Performance
IEDI vs. AOA - Performance Comparison
In the year-to-date period, IEDI achieves a 22.34% return, which is significantly higher than AOA's 16.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEDI vs. AOA - Expense Ratio Comparison
IEDI has a 0.18% 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%.
Risk-Adjusted Performance
IEDI vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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.
Dividends
IEDI vs. AOA - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 1.02%, less than AOA's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 1.02% | 1.13% | 3.04% | 0.70% | 0.83% | 1.58% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.08% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
IEDI vs. AOA - Volatility Comparison
iShares Evolved U.S. Discretionary Spending ETF (IEDI) has a higher volatility of 2.99% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.69%. This indicates that IEDI'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.