ITDD vs. AOR
ITDD (Ishares Lifepath Target Date 2040 ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. ITDD is actively managed, while AOR is passively managed. Over the past year, ITDD returned 20.04% vs 17.17% for AOR. With a 0.98 correlation, they move nearly in lockstep. ITDD charges 0.11%/yr vs 0.15%/yr for AOR.
Performance
ITDD vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, ITDD achieves a 8.11% return, which is significantly higher than AOR's 6.31% return.
ITDD
- 1D
- -1.22%
- 1M
- 0.09%
- YTD
- 8.11%
- 6M
- 7.50%
- 1Y
- 20.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- -1.18%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 5.96%
- 1Y
- 17.17%
- 3Y*
- 13.59%
- 5Y*
- 6.73%
- 10Y*
- 8.54%
ITDD vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.11% | 17.66% | 13.08% | 12.87% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.31% | 16.44% | 10.68% | 10.26% |
Correlation
The correlation between ITDD and AOR is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.98 |
The correlation between ITDD and AOR 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. AOR — Risk / Return Rank
ITDD
AOR
ITDD vs. AOR - 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 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.
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 | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.60 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.44 | 11.13 | +0.31 |
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Drawdowns
ITDD vs. AOR - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for ITDD and AOR.
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Drawdown Indicators
| ITDD | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -24.44% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -6.64% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -1.59% | -1.53% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -3.47% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.55% | +0.21% |
Volatility
ITDD vs. AOR - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) has a higher volatility of 4.07% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that ITDD's price experiences larger fluctuations and is considered to be riskier 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
| ITDD | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.61% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.49% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 8.96% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 10.64% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 10.66% | +0.90% |
ITDD vs. AOR - Expense Ratio Comparison
ITDD has a 0.11% expense ratio, which is lower than AOR'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. AOR - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.69%, less than AOR's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
ITDD Ishares Lifepath Target Date 2040 ETF | 1.69% | 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 AOR 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.
ITDD has higher volatility (4.07%) compared to AOR (3.61%). In terms of maximum drawdown, ITDD dropped -12.46% vs AOR's -24.44%.
On 1-year performance, ITDD leads with 20.04% vs 17.17% for AOR. On fees, ITDD is cheaper at 0.11% per year. On volatility, AOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDD has performed better with a 20.04% return vs 17.17%. 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 AOR.
AOR has the higher dividend yield at 2.49%, compared with 1.69% for ITDD.
ITDD is categorized as Target Retirement Date, while AOR is Diversified Portfolio. Their fees differ too: 0.11% for ITDD and 0.15% for AOR.
ITDD currently has the higher Sharpe Ratio (1.96 vs 1.93), 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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