LCR vs. AOK

Last updated Jun 25, 2026

LCR (Leuthold Core ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds. LCR is actively managed, while AOK is passively managed. Over the past 5 years, LCR returned 6.62%/yr vs 3.67%/yr for AOK. A 0.77 correlation means they provide meaningful diversification when combined. LCR charges 0.79%/yr vs 0.15%/yr for AOK.

Performance

LCR vs. AOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leuthold Core ETF (LCR) and iShares Core 30/70 Conservative Allocation ETF (AOK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCR achieves a 3.16% return, which is significantly lower than AOK's 4.06% return.

LCR

• 1D: -0.08%
• 1M: 0.18%
• YTD: 3.16%
• 6M: 2.28%
• 1Y: 11.39%
• 3Y*: 10.55%
• 5Y*: 6.62%
• 10Y*: —

AOK

• 1D: 0.22%
• 1M: 0.52%
• YTD: 4.06%
• 6M: 3.65%
• 1Y: 10.22%
• 3Y*: 9.11%
• 5Y*: 3.67%
• 10Y*: 5.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCR vs. AOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LCR Leuthold Core ETF	3.16%	12.43%	8.68%	12.80%	-7.58%	12.12%	13.56%
AOK iShares Core 30/70 Conservative Allocation ETF	4.06%	11.26%	6.58%	10.85%	-14.16%	4.87%	8.90%

Correlation

The correlation between LCR and AOK is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 6, 2020	0.77

The correlation between LCR and AOK has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.

Return for Risk

LCR vs. AOK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCR

LCR Risk / Return Rank: 46
LCR Sharpe Ratio Rank: 47
LCR Sortino Ratio Rank: 47
LCR Omega Ratio Rank: 45
LCR Calmar Ratio Rank: 42
LCR Martin Ratio Rank: 51

AOK

AOK Risk / Return Rank: 57
AOK Sharpe Ratio Rank: 57
AOK Sortino Ratio Rank: 57
AOK Omega Ratio Rank: 59
AOK Calmar Ratio Rank: 51
AOK Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCR vs. AOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Core ETF (LCR) and iShares Core 30/70 Conservative Allocation ETF (AOK). 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.

	LCR	AOK	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.73	-0.27
Sortino ratio: Return per unit of downside risk	2.10	2.45	-0.35
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	1.90	2.28	-0.38
Martin ratio: Return relative to average drawdown	7.72	9.60	-1.88

LCR vs. AOK - Sharpe Ratio Comparison

The current LCR Sharpe Ratio is 1.46, which is comparable to the AOK Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of LCR and AOK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCR vs. AOK - Drawdown Comparison

The maximum LCR drawdown since its inception was -17.44%, smaller than the maximum AOK drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for LCR and AOK.

Drawdown Indicators

	LCR	AOK	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-18.94%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-4.50%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-6.37%	-2.22%
Max Drawdown (5Y) Largest decline over 5 years	-13.40%	-18.94%	+5.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.94%	—
Current Drawdown Current decline from peak	-1.39%	-0.60%	-0.79%
Average Drawdown Average peak-to-trough decline	-2.82%	-2.36%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.07%	+0.41%

Volatility

LCR vs. AOK - Volatility Comparison

Leuthold Core ETF (LCR) has a higher volatility of 2.89% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 2.26%. This indicates that LCR's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCR	AOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.26%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	6.40%	4.86%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	7.86%	6.01%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.08%	7.15%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	6.72%	+4.68%

LCR vs. AOK - Expense Ratio Comparison

LCR has a 0.79% expense ratio, which is higher than AOK's 0.15% expense ratio.

Dividends

LCR vs. AOK - Dividend Comparison

LCR's dividend yield for the trailing twelve months is around 1.33%, less than AOK's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOK iShares Core 30/70 Conservative Allocation ETF	3.29%	3.28%	3.23%	2.93%	2.25%	1.55%	2.10%	2.71%	2.68%	2.91%	2.14%	2.02%
LCR Leuthold Core ETF	1.33%	1.37%	1.86%	1.60%	0.75%	0.21%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCR and AOK in my portfolio?

LCR and AOK have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCR or AOK?

LCR has higher volatility (2.89%) compared to AOK (2.26%). In terms of maximum drawdown, LCR dropped -17.44% vs AOK's -18.94%.

Which ETF is better, LCR or AOK?

On 5-year performance, LCR leads with 6.62% vs 3.67% for AOK. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCR or AOK?

Over the 5-year period, LCR has performed better with a 6.62% return vs 3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCR or AOK?

AOK is cheaper with a 0.15% expense ratio, compared with 0.79% for LCR.

Which ETF pays a higher dividend yield, LCR or AOK?

AOK has the higher dividend yield at 3.29%, compared with 1.33% for LCR.

What is the main difference between LCR and AOK?

They also come from different issuers: The Leuthold Group LLC and iShares. Their fees differ too: 0.79% for LCR and 0.15% for AOK.

Which has better risk-adjusted returns?

AOK currently has the higher Sharpe Ratio (1.73 vs 1.46), 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.