OCIO vs. AOA
Compare and contrast key facts about ClearShares OCIO ETF (OCIO) and iShares Core Aggressive Allocation ETF (AOA).
OCIO and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCIO is an actively managed fund by ClearShares LLC. It was launched on Jun 27, 2017. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCIO or AOA.
Key characteristics
| OCIO | AOA | |
|---|---|---|
| YTD Return | 14.44% | 16.00% |
| 1Y Return | 22.11% | 27.19% |
| 3Y Return (Ann) | 4.37% | 4.69% |
| 5Y Return (Ann) | 8.51% | 9.14% |
| Sharpe Ratio | 2.38 | 2.68 |
| Sortino Ratio | 3.32 | 3.76 |
| Omega Ratio | 1.44 | 1.50 |
| Calmar Ratio | 2.68 | 2.63 |
| Martin Ratio | 14.11 | 17.75 |
| Ulcer Index | 1.55% | 1.49% |
| Daily Std Dev | 9.21% | 9.85% |
| Max Drawdown | -24.21% | -28.38% |
| Current Drawdown | 0.00% | -0.28% |
Correlation
The correlation between OCIO and AOA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OCIO vs. AOA - Performance Comparison
In the year-to-date period, OCIO achieves a 14.44% return, which is significantly lower than AOA's 16.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OCIO vs. AOA - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
OCIO vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and iShares Core 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.
Dividends
OCIO vs. AOA - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 1.87%, less than AOA's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 2.16% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.08% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
OCIO vs. AOA - Drawdown Comparison
The maximum OCIO drawdown since its inception was -24.21%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for OCIO and AOA. For additional features, visit the drawdowns tool.
Volatility
OCIO vs. AOA - Volatility Comparison
ClearShares OCIO ETF (OCIO) and iShares Core Aggressive Allocation ETF (AOA) have volatilities of 2.80% and 2.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.