SCHAX vs. AOA
Compare and contrast key facts about Franklin Multi-Asset Growth Fund (SCHAX) and iShares Core Aggressive Allocation ETF (AOA).
SCHAX is managed by Franklin Templeton. It was launched on Feb 4, 1996. 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
SCHAX vs. AOA - Performance Comparison
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SCHAX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHAX Franklin Multi-Asset Growth Fund | -5.88% | 16.36% | 16.62% | 17.14% | -14.05% | 17.06% | 8.64% | 21.47% | -9.13% | 15.25% |
AOA iShares Core Aggressive Allocation ETF | -1.19% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Returns By Period
In the year-to-date period, SCHAX achieves a -5.88% return, which is significantly lower than AOA's -1.19% return. Over the past 10 years, SCHAX has underperformed AOA with an annualized return of 8.42%, while AOA has yielded a comparatively higher 9.63% annualized return.
SCHAX
- 1D
- -0.29%
- 1M
- -8.01%
- YTD
- -5.88%
- 6M
- -3.58%
- 1Y
- 12.34%
- 3Y*
- 12.45%
- 5Y*
- 7.03%
- 10Y*
- 8.42%
AOA
- 1D
- 2.67%
- 1M
- -5.24%
- YTD
- -1.19%
- 6M
- 1.65%
- 1Y
- 18.33%
- 3Y*
- 14.24%
- 5Y*
- 7.84%
- 10Y*
- 9.63%
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SCHAX vs. AOA - Expense Ratio Comparison
SCHAX has a 0.43% expense ratio, which is higher than AOA's 0.25% expense ratio.
Return for Risk
SCHAX vs. AOA — Risk / Return Rank
SCHAX
AOA
SCHAX vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Multi-Asset Growth Fund (SCHAX) 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.
| SCHAX | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.33 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.93 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.94 | -0.99 |
Martin ratioReturn relative to average drawdown | 4.46 | 8.74 | -4.28 |
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
| SCHAX | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.33 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.61 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.71 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.65 | -0.30 |
Correlation
The correlation between SCHAX and AOA is 0.94, 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
SCHAX vs. AOA - Dividend Comparison
SCHAX's dividend yield for the trailing twelve months is around 11.75%, more than AOA's 2.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHAX Franklin Multi-Asset Growth Fund | 11.75% | 11.06% | 6.23% | 5.47% | 8.83% | 7.37% | 4.95% | 5.78% | 6.27% | 11.21% | 4.27% | 11.46% |
AOA iShares Core Aggressive Allocation ETF | 2.20% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
Drawdowns
SCHAX vs. AOA - Drawdown Comparison
The maximum SCHAX drawdown since its inception was -54.85%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for SCHAX and AOA.
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Drawdown Indicators
| SCHAX | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.85% | -28.38% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -9.62% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -23.62% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -32.00% | -28.38% | -3.62% |
Current DrawdownCurrent decline from peak | -8.69% | -5.75% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -4.08% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.13% | +0.25% |
Volatility
SCHAX vs. AOA - Volatility Comparison
The current volatility for Franklin Multi-Asset Growth Fund (SCHAX) is 4.38%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 5.44%. This indicates that SCHAX 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
| SCHAX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 5.44% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 8.32% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 13.86% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 12.92% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 13.51% | +1.35% |