MDAA vs. AOR
MDAA (Myriad Dynamic Asset Allocation ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. MDAA is actively managed, while AOR is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. MDAA charges 0.97%/yr vs 0.15%/yr for AOR.
Performance
MDAA vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, MDAA achieves a 17.11% return, which is significantly higher than AOR's 7.61% return.
MDAA
- 1D
- 0.45%
- 1M
- -0.45%
- 6M
- 12.47%
- YTD
- 17.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- 0.25%
- 1M
- 0.73%
- 6M
- 5.98%
- YTD
- 7.61%
- 1Y
- 16.12%
- 3Y*
- 13.64%
- 5Y*
- 6.80%
- 10Y*
- 8.23%
MDAA vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDAA Myriad Dynamic Asset Allocation ETF | 17.11% | -0.25% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.61% | 1.91% |
Correlation
The correlation between MDAA and AOR is 0.90, 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 3, 2025 | 0.90 |
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Return for Risk
MDAA vs. AOR — Risk / Return Rank
MDAA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AOR
MDAA vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) 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.
| MDAA | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.36 | — |
| Martin ratioReturn relative to average drawdown | — | 10.04 | — |
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Drawdowns
MDAA vs. AOR - Drawdown Comparison
The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for MDAA and AOR.
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Drawdown Indicators
| MDAA | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -24.44% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.64% | — |
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 | -5.17% | -0.32% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -3.46% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.56% | — |
Volatility
MDAA vs. AOR - Volatility Comparison
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Volatility by Period
| MDAA | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 8.94% | +15.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.82% | 10.65% | +14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.82% | 10.64% | +14.18% |
MDAA vs. AOR - Expense Ratio Comparison
MDAA has a 0.97% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
MDAA vs. AOR - Dividend Comparison
MDAA's dividend yield for the trailing twelve months is around 0.39%, less than AOR's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.56% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
MDAA Myriad Dynamic Asset Allocation ETF | 0.39% | 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
With a correlation of 0.90, MDAA 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.
On fees, AOR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AOR is cheaper with a 0.15% expense ratio, compared with 0.97% for MDAA.
AOR has the higher dividend yield at 2.56%, compared with 0.39% for MDAA.
They also come from different issuers: Myriad and iShares. Their fees differ too: 0.97% for MDAA and 0.15% for AOR.
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