IEI vs. AOR
IEI (iShares 3-7 Year Treasury Bond ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Both are passively managed. Over the past 10 years, IEI returned 1.25%/yr vs 8.14%/yr for AOR. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
IEI vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.71% return, which is significantly lower than AOR's 5.53% return. Over the past 10 years, IEI has underperformed AOR with an annualized return of 1.25%, while AOR has yielded a comparatively higher 8.14% annualized return.
IEI
- 1D
- -0.38%
- 1M
- -0.66%
- YTD
- -0.71%
- 6M
- -0.46%
- 1Y
- 3.31%
- 3Y*
- 3.42%
- 5Y*
- 0.17%
- 10Y*
- 1.25%
AOR
- 1D
- -1.97%
- 1M
- -0.16%
- YTD
- 5.53%
- 6M
- 5.95%
- 1Y
- 16.76%
- 3Y*
- 13.35%
- 5Y*
- 6.57%
- 10Y*
- 8.14%
IEI vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.71% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
AOR iShares Core 60/40 Balanced Allocation ETF | 5.53% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between IEI and AOR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008 | -0.07 |
The correlation between IEI and AOR shifts across timeframes, from -0.07 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEI vs. AOR — Risk / Return Rank
IEI
AOR
IEI vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) 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.
| IEI | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.59 | -1.46 |
| Martin ratioReturn relative to average drawdown | 3.32 | 11.27 | -7.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEI | AOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.99 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.62 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.76 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.68 | +0.01 |
Drawdowns
IEI vs. AOR - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for IEI and AOR.
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Drawdown Indicators
| IEI | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -24.44% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -6.64% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -9.77% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -21.72% | +7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | -22.95% | +8.35% |
Current DrawdownCurrent decline from peak | -2.14% | -2.25% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -3.47% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.52% | -0.67% |
Volatility
IEI vs. AOR - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.92%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 3.12%. This indicates that IEI 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
| IEI | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.12% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 7.11% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 8.66% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 10.58% | -5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 10.69% | -6.76% |
IEI vs. AOR - Expense Ratio Comparison
Both IEI and AOR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEI vs. AOR - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.65%, more than AOR's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.51% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.65% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
IEI and AOR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.12%) compared to IEI (0.92%). In terms of maximum drawdown, IEI dropped -14.60% vs AOR's -24.44%.
On 10-year performance, AOR leads with 8.14% vs 1.25% for IEI. Both ETFs have the same 0.15% expense ratio. On volatility, IEI has been the lower-risk option at 0.92%. 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 8.14% return vs 1.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI and AOR have the same expense ratio: 0.15% per year.
IEI has the higher dividend yield at 3.65%, compared with 2.51% for AOR.
IEI is categorized as Government Bonds, while AOR is Diversified Portfolio. IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while AOR tracks S&P Target Risk Growth Index.
AOR currently has the higher Sharpe Ratio (1.99 vs 0.93), 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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