TRAIX vs. AOM
TRAIX (T. Rowe Price Capital Appreciation Fund - I Class) and AOM (iShares Core Moderate Allocation ETF) are both Diversified Portfolio funds. TRAIX is actively managed, while AOM is passively managed. Over the past 10 years, TRAIX returned 11.25%/yr vs 6.31%/yr for AOM. Their correlation of 0.82 suggests significant overlap in exposure. TRAIX charges 0.59%/yr vs 0.25%/yr for AOM.
Performance
TRAIX vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, TRAIX achieves a 3.78% return, which is significantly lower than AOM's 4.75% return. Over the past 10 years, TRAIX has outperformed AOM with an annualized return of 11.25%, while AOM has yielded a comparatively lower 6.31% annualized return.
TRAIX
- 1D
- 0.60%
- 1M
- -1.15%
- YTD
- 3.78%
- 6M
- 4.18%
- 1Y
- 11.26%
- 3Y*
- 12.69%
- 5Y*
- 8.41%
- 10Y*
- 11.25%
AOM
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- 4.75%
- 6M
- 5.32%
- 1Y
- 12.80%
- 3Y*
- 10.66%
- 5Y*
- 4.66%
- 10Y*
- 6.31%
TRAIX vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 3.78% | 12.57% | 12.64% | 19.01% | -11.89% | 18.59% | 18.28% | 24.71% | 0.76% | 15.45% |
AOM iShares Core Moderate Allocation ETF | 4.75% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
Correlation
The correlation between TRAIX and AOM is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.82 |
The correlation between TRAIX and AOM has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
TRAIX vs. AOM — Risk / Return Rank
TRAIX
AOM
TRAIX vs. AOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and iShares Core Moderate Allocation ETF (AOM). 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.
| TRAIX | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.52 | -0.67 |
| Martin ratioReturn relative to average drawdown | 7.83 | 10.84 | -3.01 |
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Drawdowns
TRAIX vs. AOM - Drawdown Comparison
The maximum TRAIX drawdown since its inception was -26.84%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for TRAIX and AOM.
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Drawdown Indicators
| TRAIX | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.84% | -19.96% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -5.11% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | -6.85% | -9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -19.96% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -26.84% | -19.96% | -6.88% |
Current DrawdownCurrent decline from peak | -2.37% | -0.70% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -2.70% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.19% | +0.29% |
Volatility
TRAIX vs. AOM - Volatility Comparison
T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and iShares Core Moderate Allocation ETF (AOM) have volatilities of 2.68% and 2.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRAIX | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.82% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 5.63% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 6.90% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 8.19% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 7.96% | +4.80% |
TRAIX vs. AOM - Expense Ratio Comparison
TRAIX has a 0.59% expense ratio, which is higher than AOM's 0.25% expense ratio.
Dividends
TRAIX vs. AOM - Dividend Comparison
TRAIX's dividend yield for the trailing twelve months is around 8.63%, more than AOM's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.99% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
TRAIX T. Rowe Price Capital Appreciation Fund - I Class | 8.63% | 8.96% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% | 0.00% |
Frequently Asked Questions
TRAIX and AOM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOM has higher volatility (2.82%) compared to TRAIX (2.68%). In terms of maximum drawdown, TRAIX dropped -26.84% vs AOM's -19.96%.
AOM currently has the higher Sharpe Ratio (1.87 vs 1.51), 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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