TACK vs. AOR
TACK (Fairlead Tactical Sector Fund) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - TACK is a Tactical Allocation fund actively managed by Fairlead, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. TACK is actively managed, while AOR is passively managed. Over the past 3 years, TACK returned 11.23%/yr vs 14.04%/yr for AOR. A 0.73 correlation means they provide meaningful diversification when combined. TACK charges 0.76%/yr vs 0.15%/yr for AOR.
Performance
TACK vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, TACK achieves a 5.35% return, which is significantly lower than AOR's 7.57% return.
TACK
- 1D
- 0.54%
- 1M
- 0.52%
- YTD
- 5.35%
- 6M
- 4.68%
- 1Y
- 14.49%
- 3Y*
- 11.23%
- 5Y*
- —
- 10Y*
- —
AOR
- 1D
- -0.23%
- 1M
- 1.18%
- YTD
- 7.57%
- 6M
- 7.52%
- 1Y
- 19.17%
- 3Y*
- 14.04%
- 5Y*
- 7.08%
- 10Y*
- 8.67%
TACK vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TACK Fairlead Tactical Sector Fund | 5.35% | 10.93% | 11.76% | 7.43% | -5.75% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.57% | 16.44% | 10.68% | 15.75% | -10.72% |
Correlation
The correlation between TACK and AOR is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022 | 0.73 |
The correlation between TACK and AOR shifts across timeframes, from 0.73 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TACK vs. AOR — Risk / Return Rank
TACK
AOR
TACK vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairlead Tactical Sector Fund (TACK) 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.
| TACK | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.90 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.77 | 12.45 | -4.68 |
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Drawdowns
TACK vs. AOR - Drawdown Comparison
The maximum TACK drawdown since its inception was -14.49%, smaller than the maximum AOR drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for TACK and AOR.
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Drawdown Indicators
| TACK | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.49% | -24.44% | +9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -6.64% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -9.77% | -4.72% |
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 | -0.76% | -0.36% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -3.47% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.54% | +0.33% |
Volatility
TACK vs. AOR - Volatility Comparison
The current volatility for Fairlead Tactical Sector Fund (TACK) is 2.83%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 3.39%. This indicates that TACK experiences smaller price fluctuations and is considered to be less risky 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
| TACK | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.39% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 7.40% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 8.89% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 10.63% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 10.70% | +0.53% |
TACK vs. AOR - Expense Ratio Comparison
TACK has a 0.76% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
TACK vs. AOR - Dividend Comparison
TACK's dividend yield for the trailing twelve months is around 1.21%, 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% |
TACK Fairlead Tactical Sector Fund | 1.21% | 1.18% | 1.26% | 1.29% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TACK and AOR have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (3.39%) compared to TACK (2.83%). In terms of maximum drawdown, TACK dropped -14.49% vs AOR's -24.44%.
On 3-year performance, AOR leads with 14.04% vs 11.23% for TACK. On fees, AOR is cheaper at 0.15% per year. On volatility, TACK has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AOR has performed better with a 14.04% return vs 11.23%. 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 0.76% for TACK.
AOR has the higher dividend yield at 2.46%, compared with 1.21% for TACK.
TACK is categorized as Tactical Allocation, while AOR is Diversified Portfolio. They also come from different issuers: Fairlead and iShares. Their fees differ too: 0.76% for TACK and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (2.17 vs 1.50), 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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