MDAA vs. AOA

Last updated Jun 5, 2026

MDAA (Myriad Dynamic Asset Allocation ETF) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds. MDAA is actively managed, while AOA is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. MDAA charges 0.97%/yr vs 0.15%/yr for AOA.

Performance

MDAA vs. AOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and iShares Core 80/20 Aggressive Allocation ETF (AOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDAA achieves a 21.57% return, which is significantly higher than AOA's 10.13% return.

MDAA

• 1D: -0.45%
• 1M: 5.56%
• YTD: 21.57%
• 6M: 21.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AOA

• 1D: 0.18%
• 1M: 3.39%
• YTD: 10.13%
• 6M: 10.89%
• 1Y: 24.17%
• 3Y*: 17.70%
• 5Y*: 9.19%
• 10Y*: 10.53%

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

MDAA vs. AOA - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	21.57%	-0.27%
AOA iShares Core 80/20 Aggressive Allocation ETF	10.13%	2.09%

Correlation

The correlation between MDAA and AOA is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.91

Return for Risk

MDAA vs. AOA — Risk / Return Rank

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

AOA

AOA Risk / Return Rank: 70
AOA Sharpe Ratio Rank: 71
AOA Sortino Ratio Rank: 72
AOA Omega Ratio Rank: 72
AOA Calmar Ratio Rank: 61
AOA Martin Ratio Rank: 72

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.

MDAA vs. AOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MDAA	AOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.69	+0.73

Drawdowns

MDAA vs. AOA - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for MDAA and AOA.

Drawdown Indicators

	MDAA	AOA	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-28.38%	+13.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.20%	—
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 Drawdown Current decline from peak	-1.56%	-0.31%	-1.25%
Average Drawdown Average peak-to-trough decline	-2.92%	-4.05%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.85%	—

Volatility

Volatility by Period

	MDAA	AOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	10.63%	+13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.82%	12.97%	+10.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.82%	13.54%	+10.28%

MDAA vs. AOA - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is higher than AOA's 0.15% expense ratio.

Dividends

MDAA vs. AOA - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.38%, less than AOA's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOA iShares Core 80/20 Aggressive Allocation ETF	2.04%	2.18%	2.30%	2.22%	2.10%	1.67%	1.71%	2.50%	2.37%	5.09%	2.26%	2.15%
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDAA and AOA in my portfolio?

With a correlation of 0.91, MDAA 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.

Which ETF is better, MDAA or AOA?

On fees, AOA is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDAA or AOA?

AOA is cheaper with a 0.15% expense ratio, compared with 0.97% for MDAA.

Which ETF pays a higher dividend yield, MDAA or AOA?

AOA has the higher dividend yield at 2.04%, compared with 0.38% for MDAA.

What is the main difference between MDAA and AOA?

They also come from different issuers: Myriad and iShares. Their fees differ too: 0.97% for MDAA and 0.15% for AOA.