QTUM vs. AOR
QTUM (Defiance Quantum ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Both are passively managed. Over the past 5 years, QTUM returned 29.16%/yr vs 7.09%/yr for AOR. Their correlation of 0.82 suggests significant overlap in exposure. QTUM charges 0.40%/yr vs 0.15%/yr for AOR.
Performance
QTUM vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, QTUM achieves a 53.56% return, which is significantly higher than AOR's 7.85% return.
QTUM
- 1D
- 4.18%
- 1M
- 17.45%
- YTD
- 53.56%
- 6M
- 53.19%
- 1Y
- 94.08%
- 3Y*
- 50.50%
- 5Y*
- 29.16%
- 10Y*
- —
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
QTUM vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 53.56% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.44% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -6.97% |
Correlation
The correlation between QTUM and AOR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.82 |
The correlation between QTUM and AOR has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
QTUM vs. AOR — Risk / Return Rank
QTUM
AOR
QTUM vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.
| QTUM | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.42 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.20 | 2.93 | +3.27 |
| Martin ratioReturn relative to average drawdown | 22.43 | 12.60 | +9.83 |
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Drawdowns
QTUM vs. AOR - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for QTUM and AOR.
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Drawdown Indicators
| QTUM | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -24.44% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -6.64% | -8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.39% | -9.77% | -15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -21.72% | -16.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.10% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -3.47% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 1.54% | +2.67% |
Volatility
QTUM vs. AOR - Volatility Comparison
Defiance Quantum ETF (QTUM) has a higher volatility of 14.65% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that QTUM'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
| QTUM | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 3.61% | +11.04% |
Volatility (6M)Calculated over the trailing 6-month period | 23.48% | 7.37% | +16.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.64% | 8.84% | +19.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.06% | 10.63% | +16.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 10.70% | +16.73% |
QTUM vs. AOR - Expense Ratio Comparison
QTUM has a 0.40% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
QTUM vs. AOR - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.70%, less than AOR's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.46% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
QTUM Defiance Quantum ETF | 0.70% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTUM and AOR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTUM has higher volatility (14.65%) compared to AOR (3.61%). In terms of maximum drawdown, QTUM dropped -38.45% vs AOR's -24.44%.
On 5-year performance, QTUM leads with 29.16% vs 7.09% 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 5-year period, QTUM has performed better with a 29.16% return vs 7.09%. 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 0.40% for QTUM.
AOR has the higher dividend yield at 2.46%, compared with 0.70% for QTUM.
QTUM is categorized as Technology Equities, while AOR is Diversified Portfolio. QTUM tracks BlueStar Machine Learning and Quantum Computing Index, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.40% for QTUM and 0.15% for AOR.
QTUM currently has the higher Sharpe Ratio (3.31 vs 2.21), 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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