MKAM vs. AOR
MKAM (MKAM ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. MKAM is actively managed, while AOR is passively managed. Over the past 3 years, MKAM returned 9.74%/yr vs 13.64%/yr for AOR. Their correlation of 0.86 suggests significant overlap in exposure. MKAM charges 0.96%/yr vs 0.15%/yr for AOR.
Performance
MKAM vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, MKAM achieves a 4.85% return, which is significantly lower than AOR's 7.82% return.
MKAM
- 1D
- 0.62%
- 1M
- 0.56%
- YTD
- 4.85%
- 6M
- 5.12%
- 1Y
- 13.98%
- 3Y*
- 9.74%
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- 0.87%
- 1M
- 1.57%
- YTD
- 7.82%
- 6M
- 8.10%
- 1Y
- 19.45%
- 3Y*
- 13.64%
- 5Y*
- 7.30%
- 10Y*
- 8.48%
MKAM vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MKAM MKAM ETF | 4.85% | 8.07% | 12.15% | 7.69% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.82% | 16.44% | 10.68% | 8.78% |
Correlation
The correlation between MKAM and AOR 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 (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.86 |
The correlation between MKAM and AOR has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
MKAM vs. AOR — Risk / Return Rank
MKAM
AOR
MKAM vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MKAM ETF (MKAM) 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.
| MKAM | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.91 | +0.83 |
| Martin ratioReturn relative to average drawdown | 13.76 | 12.52 | +1.24 |
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Drawdowns
MKAM vs. AOR - Drawdown Comparison
The maximum MKAM drawdown since its inception was -5.01%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for MKAM and AOR.
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Drawdown Indicators
| MKAM | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -24.44% | +19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -6.64% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -9.77% | +4.76% |
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 | -0.62% | -0.13% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -3.47% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.54% | -0.53% |
Volatility
MKAM vs. AOR - Volatility Comparison
The current volatility for MKAM ETF (MKAM) is 2.34%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 3.49%. This indicates that MKAM experiences smaller price fluctuations and is considered to be less risky 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
| MKAM | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 3.49% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 7.42% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 8.87% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 10.63% | -4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 10.70% | -4.40% |
MKAM vs. AOR - Expense Ratio Comparison
MKAM has a 0.96% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
MKAM vs. AOR - Dividend Comparison
MKAM's dividend yield for the trailing twelve months is around 2.91%, more than AOR's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
MKAM MKAM ETF | 2.91% | 2.56% | 1.88% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, MKAM 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.
AOR has higher volatility (3.49%) compared to MKAM (2.34%). In terms of maximum drawdown, MKAM dropped -5.01% vs AOR's -24.44%.
On 3-year performance, AOR leads with 13.64% vs 9.74% for MKAM. On fees, AOR is cheaper at 0.15% per year. On volatility, MKAM has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AOR has performed better with a 13.64% return vs 9.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOR is cheaper with a 0.15% expense ratio, compared with 0.96% for MKAM.
MKAM has the higher dividend yield at 2.91%, compared with 2.46% for AOR.
They also come from different issuers: MKAM and iShares. Their fees differ too: 0.96% for MKAM and 0.15% for AOR.
MKAM currently has the higher Sharpe Ratio (2.19 vs 2.18), 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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