ITDD vs. AOA
ITDD (Ishares Lifepath Target Date 2040 ETF) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index. ITDD is actively managed, while AOA is passively managed. Over the past year, ITDD returned 17.97% vs 19.59% for AOA. Their 0.98 correlation means they have historically moved very closely together. ITDD charges 0.11%/yr vs 0.15%/yr for AOA.
Performance
ITDD vs. AOA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ITDD having a 8.72% return and AOA slightly higher at 9.12%.
ITDD
- 1D
- 0.10%
- 1M
- -0.42%
- 6M
- 6.04%
- YTD
- 8.72%
- 1Y
- 17.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.27%
AOA
- 1D
- 0.30%
- 1M
- -0.25%
- 6M
- 6.38%
- YTD
- 9.12%
- 1Y
- 19.59%
- 3Y*
- 15.46%
- 5Y*
- 8.79%
- 10Y*
- 10.26%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.98M | $10.05M | $10.43M | |
| $667.07K | $567.21K | $682.84K |
ITDD vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.72% | 17.66% | 13.08% | 12.87% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 9.12% | 19.59% | 13.55% | 10.87% |
Correlation
The correlation between ITDD and AOA is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.98 |
The correlation between ITDD and AOA has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
ITDD vs. AOA — Risk / Return Rank
ITDD
AOA
ITDD vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.
| ITDD | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.27 | +0.06 |
| Martin ratioReturn relative to average drawdown | 9.79 | 9.56 | +0.23 |
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Drawdowns
ITDD vs. AOA - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for ITDD and AOA.
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Drawdown Indicators
| ITDD | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -28.38% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -8.20% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | -1.14% | -1.23% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -4.03% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.94% | -0.15% |
Volatility
ITDD vs. AOA - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) and iShares Core 80/20 Aggressive Allocation ETF (AOA) have volatilities of 3.04% and 3.19%, 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
| ITDD | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.19% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 9.61% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 11.49% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 13.10% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.49% | 13.50% | -2.01% |
ITDD vs. AOA - Expense Ratio Comparison
ITDD has a 0.11% expense ratio, which is lower than AOA's 0.15% 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%.
Dividends
ITDD vs. AOA - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.68%, less than AOA's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.13% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
ITDD Ishares Lifepath Target Date 2040 ETF | 1.68% | 1.82% | 1.56% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, ITDD and AOA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AOA has higher volatility (3.19%) compared to ITDD (3.04%). In terms of maximum drawdown, ITDD dropped -12.46% vs AOA's -28.38%.
On 1-year performance, AOA leads with 19.59% vs 17.97% for ITDD. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AOA has performed better with a 19.59% return vs 17.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD is cheaper with a 0.11% expense ratio, compared with 0.15% for AOA.
AOA has the higher dividend yield at 2.13%, compared with 1.68% for ITDD.
ITDD is categorized as Target Retirement Date, while AOA is Diversified Portfolio. Their fees differ too: 0.11% for ITDD and 0.15% for AOA.
ITDD currently has the higher Sharpe Ratio (1.67 vs 1.62), 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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