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.
Performance
OCIO vs. AOA - Performance Comparison
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OCIO vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | -0.76% | 12.68% | 12.76% | 12.03% | -12.49% | 13.20% | 11.54% | 18.56% | -10.35% | 9.00% |
AOA iShares Core Aggressive Allocation ETF | -0.59% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 9.37% |
Returns By Period
In the year-to-date period, OCIO achieves a -0.76% return, which is significantly lower than AOA's -0.59% return.
OCIO
- 1D
- 0.77%
- 1M
- -3.49%
- YTD
- -0.76%
- 6M
- 1.00%
- 1Y
- 14.02%
- 3Y*
- 11.05%
- 5Y*
- 6.17%
- 10Y*
- —
AOA
- 1D
- 0.61%
- 1M
- -4.11%
- YTD
- -0.59%
- 6M
- 1.92%
- 1Y
- 18.69%
- 3Y*
- 14.47%
- 5Y*
- 7.97%
- 10Y*
- 9.69%
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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.
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 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.
| OCIO | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.35 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.97 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.98 | -0.33 |
Martin ratioReturn relative to average drawdown | 7.54 | 8.82 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCIO | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.35 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.62 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.65 | -0.04 |
Correlation
The correlation between OCIO and AOA is 0.88, 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.
Dividends
OCIO vs. AOA - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 10.45%, more than AOA's 2.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 10.45% | 10.27% | 1.87% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 0.01% | 1.68% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.19% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
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 | -8.58% | -9.62% | +1.04% |
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 | -4.26% | -5.18% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.08% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.16% | -0.28% |
Volatility
OCIO vs. AOA - Volatility Comparison
The current volatility for ClearShares OCIO ETF (OCIO) is 4.49%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 5.28%. This indicates that OCIO experiences smaller price fluctuations and is considered to be less risky 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 | 4.49% | 5.28% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 8.34% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 13.87% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 12.92% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 13.51% | -2.15% |