USMF vs. AOR
USMF (WisdomTree US Multifactor Fund) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Both are passively managed. Over the past 5 years, USMF returned 8.31%/yr vs 7.09%/yr for AOR. Their correlation of 0.81 suggests significant overlap in exposure. USMF charges 0.28%/yr vs 0.15%/yr for AOR.
Performance
USMF vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, USMF achieves a 6.65% return, which is significantly lower than AOR's 7.85% return.
USMF
- 1D
- 1.25%
- 1M
- 5.30%
- YTD
- 6.65%
- 6M
- 6.40%
- 1Y
- 9.68%
- 3Y*
- 13.99%
- 5Y*
- 8.31%
- 10Y*
- —
AOR
- 1D
- 0.95%
- 1M
- 2.42%
- YTD
- 7.85%
- 6M
- 8.39%
- 1Y
- 19.38%
- 3Y*
- 13.65%
- 5Y*
- 7.09%
- 10Y*
- 8.58%
USMF vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USMF WisdomTree US Multifactor Fund | 6.65% | 4.60% | 19.65% | 13.47% | -8.82% | 21.26% | 12.01% | 24.06% | -4.72% | 11.27% |
AOR iShares Core 60/40 Balanced Allocation ETF | 7.85% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 5.71% |
Correlation
The correlation between USMF and AOR is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.81 |
The correlation between USMF and AOR shifts across timeframes, from 0.69 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USMF vs. AOR — Risk / Return Rank
USMF
AOR
USMF vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.
| USMF | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.93 | -1.43 |
| Martin ratioReturn relative to average drawdown | 4.47 | 12.60 | -8.13 |
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Drawdowns
USMF vs. AOR - Drawdown Comparison
The maximum USMF drawdown since its inception was -36.24%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for USMF and AOR.
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Drawdown Indicators
| USMF | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.24% | -24.44% | -11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -6.64% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -9.77% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.10% | -21.72% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -3.47% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.54% | +0.63% |
Volatility
USMF vs. AOR - Volatility Comparison
WisdomTree US Multifactor Fund (USMF) has a higher volatility of 4.10% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.61%. This indicates that USMF's price experiences larger fluctuations and is considered to be riskier 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
| USMF | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.61% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 7.37% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 8.84% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 10.63% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 10.70% | +6.27% |
USMF vs. AOR - Expense Ratio Comparison
USMF has a 0.28% expense ratio, which is higher than AOR's 0.15% expense ratio.
Dividends
USMF vs. AOR - Dividend Comparison
USMF's dividend yield for the trailing twelve months is around 1.29%, 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% |
USMF WisdomTree US Multifactor Fund | 1.29% | 1.37% | 1.22% | 1.33% | 1.74% | 1.42% | 1.34% | 1.38% | 1.45% | 0.67% | 0.00% | 0.00% |
Frequently Asked Questions
USMF and AOR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMF has higher volatility (4.10%) compared to AOR (3.61%). In terms of maximum drawdown, USMF dropped -36.24% vs AOR's -24.44%.
On 5-year performance, USMF leads with 8.31% vs 7.09% for AOR. On fees, AOR is cheaper at 0.15% per year. On volatility, AOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USMF has performed better with a 8.31% return vs 7.09%. 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 0.28% for USMF.
AOR has the higher dividend yield at 2.46%, compared with 1.29% for USMF.
USMF is categorized as Mid Cap Blend Equities, while AOR is Diversified Portfolio. USMF tracks WisdomTree US Multifactor Index, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.28% for USMF and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (2.21 vs 0.86), 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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