OCIO vs. AOA
OCIO (ClearShares OCIO ETF) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds. OCIO is actively managed, while AOA is passively managed. Over the past 5 years, OCIO returned 7.67%/yr vs 9.26%/yr for AOA. Their correlation of 0.88 suggests significant overlap in exposure. OCIO charges 0.61%/yr vs 0.15%/yr for AOA.
Performance
OCIO vs. AOA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OCIO having a 10.00% return and AOA slightly lower at 9.88%.
OCIO
- 1D
- 0.07%
- 1M
- 2.52%
- YTD
- 10.00%
- 6M
- 9.92%
- 1Y
- 22.19%
- 3Y*
- 14.00%
- 5Y*
- 7.67%
- 10Y*
- —
AOA
- 1D
- -0.12%
- 1M
- 1.38%
- YTD
- 9.88%
- 6M
- 9.74%
- 1Y
- 24.31%
- 3Y*
- 17.27%
- 5Y*
- 9.26%
- 10Y*
- 10.91%
OCIO vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 10.00% | 12.68% | 12.76% | 12.03% | -12.49% | 13.20% | 11.54% | 18.56% | -10.35% | 8.91% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 9.88% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 8.71% |
Correlation
The correlation between OCIO and AOA is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.88 |
The correlation between OCIO and AOA has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
OCIO vs. AOA — Risk / Return Rank
OCIO
AOA
OCIO vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) and iShares Core 80/20 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.
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.
| OCIO | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.98 | +0.21 |
| Martin ratioReturn relative to average drawdown | 13.68 | 12.96 | +0.72 |
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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.
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Drawdown Indicators
| OCIO | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -28.38% | +4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -8.20% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -12.94% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -23.62% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.04% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.88% | -0.25% |
Volatility
OCIO vs. AOA - Volatility Comparison
ClearShares OCIO ETF (OCIO) has a higher volatility of 4.69% compared to iShares Core 80/20 Aggressive Allocation ETF (AOA) at 4.13%. This indicates that OCIO's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCIO | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.13% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 9.22% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.15% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 13.07% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 13.58% | -2.17% |
OCIO vs. AOA - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than AOA's 0.15% expense ratio.
Dividends
OCIO vs. AOA - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 9.42%, more than AOA's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.05% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
OCIO ClearShares OCIO ETF | 9.42% | 10.27% | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 0.01% | 1.68% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, OCIO and AOA 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.
OCIO has higher volatility (4.69%) compared to AOA (4.13%). In terms of maximum drawdown, OCIO dropped -24.21% vs AOA's -28.38%.
On 5-year performance, AOA leads with 9.26% vs 7.67% for OCIO. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 9.26% return vs 7.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 0.61% for OCIO.
OCIO has the higher dividend yield at 9.42%, compared with 2.05% for AOA.
They also come from different issuers: ClearShares LLC and iShares. Their fees differ too: 0.61% for OCIO and 0.15% for AOA.
AOA currently has the higher Sharpe Ratio (2.19 vs 2.12), 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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