TRND vs. AOA

Last updated Jun 3, 2026

TRND (Pacer Trendpilot Fund of Funds ETF) and AOA (iShares Core Aggressive Allocation ETF) are both exchange-traded funds - TRND is a Large Cap Blend Equities fund tracking the Pacer Trendpilot Fund of Funds Index, while AOA is a Diversified Portfolio fund tracking the S&P Target Risk Aggressive Index. Both are passively managed. Over the past 5 years, TRND returned 6.46%/yr vs 9.42%/yr for AOA. Their correlation of 0.91 suggests significant overlap in exposure. TRND charges 0.77%/yr vs 0.25%/yr for AOA.

Performance

TRND vs. AOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot Fund of Funds ETF (TRND) and iShares Core Aggressive Allocation ETF (AOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TRND having a 10.59% return and AOA slightly lower at 10.48%.

TRND

• 1D: 0.37%
• 1M: 5.27%
• YTD: 10.59%
• 6M: 11.19%
• 1Y: 22.41%
• 3Y*: 12.03%
• 5Y*: 6.46%
• 10Y*: —

AOA

• 1D: 0.37%
• 1M: 4.06%
• YTD: 10.48%
• 6M: 11.51%
• 1Y: 25.21%
• 3Y*: 17.71%
• 5Y*: 9.42%
• 10Y*: 10.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRND vs. AOA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRND Pacer Trendpilot Fund of Funds ETF	10.59%	6.03%	11.97%	16.48%	-15.37%	12.95%	4.73%	7.79%
AOA iShares Core Aggressive Allocation ETF	10.48%	19.59%	13.55%	18.27%	-16.23%	15.42%	12.82%	8.67%

Correlation

The correlation between TRND and AOA 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 (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 7, 2019	0.91

The correlation between TRND and AOA has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

TRND vs. AOA - Sectors Allocation Comparison

Sectors	TRND	AOA
Technology	30.6%	27.4%
Industrials	13.4%	12.0%
Financial Services	13.2%	16.1%
Consumer Cyclical	10.0%	9.5%
Communication Services	7.7%	8.3%
Healthcare	7.4%	8.0%
Consumer Defensive	5.5%	5.0%
Energy	3.8%	4.3%
Basic Materials	3.4%	4.2%
Real Estate	2.7%	2.4%
Utilities	2.3%	2.7%

Return for Risk

TRND vs. AOA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRND

TRND Risk / Return Rank: 60
TRND Sharpe Ratio Rank: 59
TRND Sortino Ratio Rank: 59
TRND Omega Ratio Rank: 58
TRND Calmar Ratio Rank: 57
TRND Martin Ratio Rank: 65

AOA

AOA Risk / Return Rank: 71
AOA Sharpe Ratio Rank: 72
AOA Sortino Ratio Rank: 73
AOA Omega Ratio Rank: 74
AOA Calmar Ratio Rank: 63
AOA Martin Ratio Rank: 73

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.

TRND vs. AOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) 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.

	TRND	AOA	Difference
Sharpe ratio Return per unit of total volatility	2.01	2.39	-0.38
Sortino ratio Return per unit of downside risk	2.84	3.35	-0.51
Omega ratio Gain probability vs. loss probability	1.36	1.44	-0.08
Calmar ratio Return relative to maximum drawdown	2.86	3.16	-0.30
Martin ratio Return relative to average drawdown	12.02	14.04	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRND vs. AOA - Sharpe Ratio Comparison

The current TRND Sharpe Ratio is 2.01, which is comparable to the AOA Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of TRND and AOA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRND	AOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.39	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.73	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.69	-0.03

Drawdowns

TRND vs. AOA - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for TRND and AOA.

Drawdown Indicators

	TRND	AOA	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-28.38%	+10.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-8.20%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	-12.94%	+3.38%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-23.62%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.38%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.22%	-4.05%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.84%	+0.06%

Volatility

TRND vs. AOA - Volatility Comparison

Pacer Trendpilot Fund of Funds ETF (TRND) has a higher volatility of 3.59% compared to iShares Core Aggressive Allocation ETF (AOA) at 3.27%. This indicates that TRND's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRND	AOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.27%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	8.52%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	10.62%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	12.98%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.18%	13.55%	-2.37%

TRND vs. AOA - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is higher than AOA's 0.25% expense ratio.

Dividends

TRND vs. AOA - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.10%, more than AOA's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOA iShares Core Aggressive Allocation ETF	2.03%	2.18%	2.30%	2.22%	2.10%	1.67%	1.71%	2.50%	2.37%	5.09%	2.26%	2.15%
TRND Pacer Trendpilot Fund of Funds ETF	2.10%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRND and AOA in my portfolio?

With a correlation of 0.96, TRND and AOA 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.

Which is riskier, TRND or AOA?

TRND has higher volatility (3.59%) compared to AOA (3.27%). In terms of maximum drawdown, TRND dropped -17.88% vs AOA's -28.38%.

Which ETF is better, TRND or AOA?

On 5-year performance, AOA leads with 9.42% vs 6.46% for TRND. On fees, AOA is cheaper at 0.25% per year. On volatility, AOA has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRND or AOA?

Over the 5-year period, AOA has performed better with a 9.42% return vs 6.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRND or AOA?

AOA is cheaper with a 0.25% expense ratio, compared with 0.77% for TRND.

Which ETF pays a higher dividend yield, TRND or AOA?

TRND has the higher dividend yield at 2.10%, compared with 2.03% for AOA.

What is the main difference between TRND and AOA?

TRND is categorized as Large Cap Blend Equities, while AOA is Diversified Portfolio. TRND tracks Pacer Trendpilot Fund of Funds Index, while AOA tracks S&P Target Risk Aggressive Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.77% for TRND and 0.25% for AOA.

Which has better risk-adjusted returns?

AOA currently has the higher Sharpe Ratio (2.39 vs 2.01), 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.