TRND vs. AOA
TRND (Pacer Trendpilot Fund of Funds ETF) and AOA (iShares Core 80/20 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 5.81%/yr vs 8.78%/yr for AOA. Their correlation of 0.91 suggests significant overlap in exposure. TRND charges 0.77%/yr vs 0.15%/yr for AOA.
Performance
TRND vs. AOA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRND having a 8.51% return and AOA slightly lower at 8.19%.
TRND
- 1D
- -1.73%
- 1M
- 0.37%
- YTD
- 8.51%
- 6M
- 7.65%
- 1Y
- 19.47%
- 3Y*
- 11.32%
- 5Y*
- 5.81%
- 10Y*
- —
AOA
- 1D
- -1.54%
- 1M
- -0.18%
- YTD
- 8.19%
- 6M
- 7.63%
- 1Y
- 21.66%
- 3Y*
- 16.66%
- 5Y*
- 8.78%
- 10Y*
- 10.74%
TRND vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRND Pacer Trendpilot Fund of Funds ETF | 8.51% | 6.03% | 11.97% | 16.48% | -15.37% | 12.95% | 4.73% | 8.58% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.19% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 8.10% |
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 6, 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.
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Return for Risk
TRND vs. AOA — Risk / Return Rank
TRND
AOA
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 80/20 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.
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.
| TRND | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.65 | -0.21 |
| Martin ratioReturn relative to average drawdown | 10.01 | 11.52 | -1.50 |
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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.
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Drawdown Indicators
| TRND | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -1.97% | -2.08% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.04% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.88% | +0.07% |
Volatility
TRND vs. AOA - Volatility Comparison
Pacer Trendpilot Fund of Funds ETF (TRND) has a higher volatility of 5.06% compared to iShares Core 80/20 Aggressive Allocation ETF (AOA) at 4.43%. 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.
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Volatility by Period
| TRND | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 4.43% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 9.34% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 11.25% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 13.09% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 13.51% | -2.23% |
TRND vs. AOA - Expense Ratio Comparison
TRND has a 0.77% expense ratio, which is higher than AOA's 0.15% expense ratio.
Dividends
TRND vs. AOA - Dividend Comparison
TRND's dividend yield for the trailing twelve months is around 2.14%, more than AOA's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 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 | 2.14% | 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
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.
TRND has higher volatility (5.06%) compared to AOA (4.43%). In terms of maximum drawdown, TRND dropped -17.88% vs AOA's -28.38%.
On 5-year performance, AOA leads with 8.78% vs 5.81% for TRND. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 8.78% return vs 5.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 0.77% for TRND.
TRND has the higher dividend yield at 2.14%, compared with 2.08% for 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 0.15% for AOA.
AOA currently has the higher Sharpe Ratio (1.94 vs 1.62), 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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