NDAA vs. EAOR
NDAA (Ned Davis Research 360 Dynamic Allocation ETF) and EAOR (iShares ESG Aware Growth Allocation ETF) are both Diversified Portfolio funds. NDAA is actively managed, while EAOR is passively managed. Over the past year, NDAA returned 20.40% vs 16.75% for EAOR. With a 0.96 correlation, they move nearly in lockstep. NDAA charges 0.65%/yr vs 0.18%/yr for EAOR.
Performance
NDAA vs. EAOR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NDAA achieves a 8.00% return, which is significantly higher than EAOR's 6.81% return.
NDAA
- 1D
- 0.28%
- 1M
- -2.45%
- YTD
- 8.00%
- 6M
- 7.27%
- 1Y
- 20.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAOR
- 1D
- 0.27%
- 1M
- -0.22%
- YTD
- 6.81%
- 6M
- 6.17%
- 1Y
- 16.75%
- 3Y*
- 13.47%
- 5Y*
- 6.16%
- 10Y*
- —
NDAA vs. EAOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 8.00% | 14.00% | -1.48% |
EAOR iShares ESG Aware Growth Allocation ETF | 6.81% | 15.59% | -1.59% |
Correlation
The correlation between NDAA and EAOR is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.96 |
The correlation between NDAA and EAOR has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NDAA vs. EAOR — Risk / Return Rank
NDAA
EAOR
NDAA vs. EAOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ned Davis Research 360 Dynamic Allocation ETF (NDAA) and iShares ESG Aware Growth Allocation ETF (EAOR). 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.
| NDAA | EAOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.54 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.89 | 10.85 | +0.04 |
Loading charts...
Drawdowns
NDAA vs. EAOR - Drawdown Comparison
The maximum NDAA drawdown since its inception was -13.50%, smaller than the maximum EAOR drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for NDAA and EAOR.
Loading charts...
Drawdown Indicators
| NDAA | EAOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -22.91% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -6.62% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Current DrawdownCurrent decline from peak | -3.26% | -1.29% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -1.96% | -5.01% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.55% | +0.33% |
Volatility
NDAA vs. EAOR - Volatility Comparison
Ned Davis Research 360 Dynamic Allocation ETF (NDAA) has a higher volatility of 4.47% compared to iShares ESG Aware Growth Allocation ETF (EAOR) at 3.64%. This indicates that NDAA's price experiences larger fluctuations and is considered to be riskier than EAOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NDAA | EAOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 3.64% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 7.57% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 9.04% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.19% | 10.61% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.19% | 10.43% | +1.76% |
NDAA vs. EAOR - Expense Ratio Comparison
NDAA has a 0.65% expense ratio, which is higher than EAOR's 0.18% expense ratio.
Dividends
NDAA vs. EAOR - Dividend Comparison
NDAA's dividend yield for the trailing twelve months is around 2.51%, more than EAOR's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOR iShares ESG Aware Growth Allocation ETF | 2.35% | 2.45% | 2.52% | 2.39% | 1.99% | 1.39% | 1.07% |
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 2.51% | 2.71% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, NDAA and EAOR 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.
NDAA has higher volatility (4.47%) compared to EAOR (3.64%). In terms of maximum drawdown, NDAA dropped -13.50% vs EAOR's -22.91%.
On 1-year performance, NDAA leads with 20.40% vs 16.75% for EAOR. On fees, EAOR is cheaper at 0.18% per year. On volatility, EAOR has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NDAA has performed better with a 20.40% return vs 16.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOR is cheaper with a 0.18% expense ratio, compared with 0.65% for NDAA.
NDAA has the higher dividend yield at 2.51%, compared with 2.35% for EAOR.
They also come from different issuers: Ned Davis Research and iShares. Their fees differ too: 0.65% for NDAA and 0.18% for EAOR.
EAOR currently has the higher Sharpe Ratio (1.86 vs 1.81), 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.
Find the right allocation for NDAA and EAOR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer