MVFD vs. AOR
MVFD (Monarch Volume Factor Dividend Tree ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds - MVFD tracks the Monarch Volume Factor Dividend Tree Index while AOR tracks the S&P Target Risk Growth Index. Both are passively managed. Over the past year, MVFD returned 17.53% vs 16.24% for AOR. A 0.64 correlation means they provide meaningful diversification when combined. MVFD charges 1.19%/yr vs 0.15%/yr for AOR.
Performance
MVFD vs. AOR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MVFD having a 6.33% return and AOR slightly higher at 6.43%.
MVFD
- 1D
- -0.47%
- 1M
- -2.88%
- YTD
- 6.33%
- 6M
- 4.00%
- 1Y
- 17.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- 0.12%
- 1M
- 0.10%
- YTD
- 6.43%
- 6M
- 5.78%
- 1Y
- 16.24%
- 3Y*
- 13.63%
- 5Y*
- 6.73%
- 10Y*
- 8.56%
MVFD vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVFD Monarch Volume Factor Dividend Tree ETF | 6.33% | 10.09% | 5.47% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.43% | 16.44% | 7.41% |
Correlation
The correlation between MVFD and AOR is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.64 |
The correlation between MVFD and AOR shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVFD vs. AOR — Risk / Return Rank
MVFD
AOR
MVFD vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Dividend Tree ETF (MVFD) 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.
| MVFD | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.46 | -0.52 |
| Martin ratioReturn relative to average drawdown | 5.61 | 10.51 | -4.90 |
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Drawdowns
MVFD vs. AOR - Drawdown Comparison
The maximum MVFD drawdown since its inception was -19.07%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for MVFD and AOR.
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Drawdown Indicators
| MVFD | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -24.44% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -6.64% | -2.44% |
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 | -4.72% | -1.42% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -3.47% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.55% | +1.58% |
Volatility
MVFD vs. AOR - Volatility Comparison
Monarch Volume Factor Dividend Tree ETF (MVFD) has a higher volatility of 4.14% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that MVFD'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
| MVFD | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.61% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 7.48% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 8.95% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 10.64% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 10.66% | +6.33% |
MVFD vs. AOR - Expense Ratio Comparison
MVFD has a 1.19% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
MVFD vs. AOR - Dividend Comparison
MVFD's dividend yield for the trailing twelve months is around 1.48%, 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% |
MVFD Monarch Volume Factor Dividend Tree ETF | 1.48% | 1.34% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVFD and AOR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVFD has higher volatility (4.14%) compared to AOR (3.61%). In terms of maximum drawdown, MVFD dropped -19.07% vs AOR's -24.44%.
On 1-year performance, MVFD leads with 17.53% vs 16.24% for AOR. On fees, AOR is cheaper at 0.15% 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, MVFD has performed better with a 17.53% return vs 16.24%. 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 1.19% for MVFD.
AOR has the higher dividend yield at 2.49%, compared with 1.48% for MVFD.
MVFD tracks Monarch Volume Factor Dividend Tree Index, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: Monarch and iShares. Their fees differ too: 1.19% for MVFD and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (1.83 vs 1.15), 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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