SPLS vs. AOR
SPLS (PIMCO U.S. Stocks PLUS Active Bond ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both Diversified Portfolio funds. SPLS is actively managed, while AOR is passively managed. With a 0.96 correlation, they move nearly in lockstep. SPLS charges 0.18%/yr vs 0.15%/yr for AOR.
Performance
SPLS vs. AOR - Performance Comparison
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Returns By Period
SPLS
- 1D
- -0.24%
- 1M
- -1.52%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- 0.12%
- 1M
- 0.10%
- YTD
- 6.43%
- 6M
- 5.78%
- 1Y
- 16.24%
- 3Y*
- 13.63%
- 5Y*
- 6.73%
- 10Y*
- 8.56%
SPLS vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF | 6.49% |
AOR iShares Core 60/40 Balanced Allocation ETF | 4.58% |
Correlation
The correlation between SPLS and AOR is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 16, 2026 | 0.96 |
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Return for Risk
SPLS vs. AOR — Risk / Return Rank
SPLS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AOR
SPLS vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO U.S. Stocks PLUS Active Bond ETF (SPLS) 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.
| SPLS | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.46 | — |
| Martin ratioReturn relative to average drawdown | — | 10.51 | — |
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Drawdowns
SPLS vs. AOR - Drawdown Comparison
The maximum SPLS drawdown since its inception was -9.24%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for SPLS and AOR.
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Drawdown Indicators
| SPLS | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.24% | -24.44% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -3.29% | -1.42% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -3.47% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.55% | — |
Volatility
SPLS vs. AOR - Volatility Comparison
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Volatility by Period
| SPLS | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 8.95% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 10.64% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 10.66% | +4.89% |
SPLS vs. AOR - Expense Ratio Comparison
SPLS has a 0.18% expense ratio, which is higher than AOR's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPLS vs. AOR - Dividend Comparison
SPLS's dividend yield for the trailing twelve months is around 0.22%, less than AOR's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
SPLS PIMCO U.S. Stocks PLUS Active Bond ETF | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, SPLS and AOR 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.
On fees, AOR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AOR is cheaper with a 0.15% expense ratio, compared with 0.18% for SPLS.
AOR has the higher dividend yield at 2.49%, compared with 0.22% for SPLS.
They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.18% for SPLS and 0.15% for AOR.
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