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RULE vs. AOR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RULE vs. AOR

Last updated Jun 6, 2026

RULE (Adaptive Core ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. RULE is actively managed, while AOR is passively managed. Over the past 3 years, RULE returned 17.19%/yr vs 13.35%/yr for AOR. A 0.70 correlation means they provide meaningful diversification when combined. RULE charges 1.10%/yr vs 0.15%/yr for AOR.

Performance

RULE vs. AOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Core ETF (RULE) and iShares Core 60/40 Balanced Allocation ETF (AOR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RULE achieves a 34.55% return, which is significantly higher than AOR's 5.53% return.

RULE

1D
-6.69%
1M
4.89%
YTD
34.55%
6M
34.76%
1Y
41.55%
3Y*
17.19%
5Y*
—
10Y*
—

AOR

1D
-1.97%
1M
-0.78%
YTD
5.53%
6M
5.95%
1Y
17.13%
3Y*
13.35%
5Y*
6.57%
10Y*
8.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RULE vs. AOR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
RULE
Adaptive Core ETF		34.55%4.60%7.59%6.29%-22.87%1.03%
AOR
iShares Core 60/40 Balanced Allocation ETF		5.53%16.44%10.68%15.75%-15.64%0.26%

Correlation

The correlation between RULE and AOR is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2021

0.70

The correlation between RULE and AOR has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

RULE vs. AOR - Sectors Allocation Comparison

Sectors
RULE
AOR

Technology

54.4%
27.8%

Industrials

13.2%
11.9%

Basic Materials

9.0%
4.2%

Healthcare

6.4%
8.0%

Financial Services

5.7%
16.2%

Communication Services

5.0%
8.1%

Consumer Cyclical

3.2%
9.5%

Energy

2.4%
4.3%

Consumer Defensive

0.8%
5.0%

Utilities

0.0%
2.7%

Real Estate

0.0%
2.4%

Technology

RULE
54.4%
AOR
27.8%

Industrials

RULE
13.2%
AOR
11.9%

Basic Materials

RULE
9.0%
AOR
4.2%

Healthcare

RULE
6.4%
AOR
8.0%

Financial Services

RULE
5.7%
AOR
16.2%

Communication Services

RULE
5.0%
AOR
8.1%

Consumer Cyclical

RULE
3.2%
AOR
9.5%

Energy

RULE
2.4%
AOR
4.3%

Consumer Defensive

RULE
0.8%
AOR
5.0%

Utilities

RULE
0.0%
AOR
2.7%

Real Estate

RULE
0.0%
AOR
2.4%

Compare stocks, funds, or ETFs

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Adaptive Core ETF

iShares Core 60/40 Balanced Allocation ETF

Often compared with RULE:
RULE vs. GAARULE vs. AOARULE vs. TSPXRULE vs. PBLRULE vs. HNDLRULE vs. RAARULE vs. AVMA
Often compared with AOR:
AOR vs. AOAAOR vs. AOMAOR vs. VOOAOR vs. FFNOXAOR vs. SPYAOR vs. SCHDAOR vs. GAL

Return for Risk

RULE vs. AOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RULE
RULE Risk / Return Rank: 6565
Overall Rank
RULE Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
RULE Sortino Ratio Rank: 5858
Sortino Ratio Rank
RULE Omega Ratio Rank: 6363
Omega Ratio Rank
RULE Calmar Ratio Rank: 7070
Calmar Ratio Rank
RULE Martin Ratio Rank: 7474
Martin Ratio Rank
AOR
AOR Risk / Return Rank: 6060
Overall Rank
AOR Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
AOR Sortino Ratio Rank: 6262
Sortino Ratio Rank
AOR Omega Ratio Rank: 6363
Omega Ratio Rank
AOR Calmar Ratio Rank: 5353
Calmar Ratio Rank
AOR Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RULE vs. AOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Core ETF (RULE) 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.

RULEAORDifference
Sharpe ratioReturn per unit of total volatility
1.95
1.99

-0.04

Sortino ratioReturn per unit of downside risk
2.58
2.79

-0.21

Omega ratioGain probability vs. loss probability

1.36

1.37

-0.01

Calmar ratioReturn relative to maximum drawdown

3.30

2.59

+0.71

Martin ratioReturn relative to average drawdown

13.32

11.27

+2.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RULE vs. AOR - Sharpe Ratio Comparison

The current RULE Sharpe Ratio is 1.95, which is comparable to the AOR Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of RULE and AOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RULEAORDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.95

1.99

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.62

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.68

-0.34

Drawdowns

RULE vs. AOR - Drawdown Comparison

The maximum RULE drawdown since its inception was -30.48%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for RULE and AOR.

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Drawdown Indicators

RULEAORDifference

Max Drawdown

Largest peak-to-trough decline

-30.48%

-24.44%

-6.04%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-6.64%

-6.01%

Max Drawdown (3Y)

Largest decline over 3 years

-20.21%

-9.77%

-10.44%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.72%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.95%

—

Current Drawdown

Current decline from peak

-7.46%

-2.25%

-5.21%

Average Drawdown

Average peak-to-trough decline

-14.96%

-3.47%

-11.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

1.52%

+1.61%

Volatility

RULE vs. AOR - Volatility Comparison

Adaptive Core ETF (RULE) has a higher volatility of 11.58% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.12%. This indicates that RULE'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

RULEAORDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.58%

3.12%

+8.46%

Volatility (6M)

Calculated over the trailing 6-month period

19.00%

7.11%

+11.89%

Volatility (1Y)

Calculated over the trailing 1-year period

21.40%

8.66%

+12.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

10.58%

+4.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.15%

10.69%

+4.46%

RULE vs. AOR - Expense Ratio Comparison

RULE has a 1.10% expense ratio, which is higher than AOR's 0.15% expense ratio.

Dividends

RULE vs. AOR - Dividend Comparison

RULE has not paid dividends to shareholders, while AOR's dividend yield for the trailing twelve months is around 2.51%.

PositionTTM20252024202320222021202020192018201720162015
AOR
iShares Core 60/40 Balanced Allocation ETF		2.51%2.55%2.66%2.50%2.12%1.64%1.89%2.56%2.49%4.51%2.16%2.12%
RULE
Adaptive Core ETF		0.00%0.00%0.00%2.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RULE 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.

RULE has higher volatility (11.58%) compared to AOR (3.12%). In terms of maximum drawdown, RULE dropped -30.48% vs AOR's -24.44%.

On 3-year performance, RULE leads with 17.19% vs 13.35% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, RULE has performed better with a 17.19% return vs 13.35%. 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 1.10% for RULE.

AOR has the higher dividend yield at 2.51%, compared with 0.00% for RULE.

They also come from different issuers: Mohr Funds and iShares. Their fees differ too: 1.10% for RULE and 0.15% for AOR.

AOR currently has the higher Sharpe Ratio (1.99 vs 1.95), 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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