VFQY vs. AOR
VFQY (Vanguard U.S. Quality Factor ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - VFQY is a Mid Cap Blend Equities fund actively managed by Vanguard, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. VFQY is actively managed, while AOR is passively managed. Over the past 5 years, VFQY returned 8.39%/yr vs 6.73%/yr for AOR. Their correlation of 0.84 suggests significant overlap in exposure. VFQY charges 0.13%/yr vs 0.15%/yr for AOR.
Performance
VFQY vs. AOR - Performance Comparison
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Returns By Period
In the year-to-date period, VFQY achieves a 8.55% return, which is significantly higher than AOR's 6.31% return.
VFQY
- 1D
- -0.88%
- 1M
- 1.91%
- YTD
- 8.55%
- 6M
- 6.89%
- 1Y
- 19.65%
- 3Y*
- 16.09%
- 5Y*
- 8.39%
- 10Y*
- —
AOR
- 1D
- -1.18%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 5.96%
- 1Y
- 17.17%
- 3Y*
- 13.59%
- 5Y*
- 6.73%
- 10Y*
- 8.54%
VFQY vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VFQY Vanguard U.S. Quality Factor ETF | 8.55% | 10.24% | 12.93% | 22.48% | -15.74% | 27.96% | 16.97% | 25.75% | -8.19% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.31% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.51% |
Correlation
The correlation between VFQY and AOR is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.84 |
The correlation between VFQY and AOR has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
VFQY vs. AOR — Risk / Return Rank
VFQY
AOR
VFQY vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Quality Factor ETF (VFQY) 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.
| VFQY | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.60 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.04 | 11.13 | -3.09 |
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Drawdowns
VFQY vs. AOR - Drawdown Comparison
The maximum VFQY drawdown since its inception was -37.41%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for VFQY and AOR.
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Drawdown Indicators
| VFQY | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.41% | -24.44% | -12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -6.64% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.67% | -9.77% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | -21.72% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.95% | — |
Current DrawdownCurrent decline from peak | -1.29% | -1.53% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -3.47% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.55% | +0.90% |
Volatility
VFQY vs. AOR - Volatility Comparison
Vanguard U.S. Quality Factor ETF (VFQY) and iShares Core 60/40 Balanced Allocation ETF (AOR) have volatilities of 3.79% and 3.61%, 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
| VFQY | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.61% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 7.49% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 8.96% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 10.64% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 10.66% | +10.18% |
VFQY vs. AOR - Expense Ratio Comparison
VFQY has a 0.13% expense ratio, which is lower than AOR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFQY vs. AOR - Dividend Comparison
VFQY's dividend yield for the trailing twelve months is around 0.82%, less than AOR's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.49% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
VFQY Vanguard U.S. Quality Factor ETF | 0.82% | 1.17% | 1.34% | 1.38% | 1.43% | 0.98% | 1.22% | 1.34% | 1.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFQY and AOR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFQY has higher volatility (3.79%) compared to AOR (3.61%). In terms of maximum drawdown, VFQY dropped -37.41% vs AOR's -24.44%.
On 5-year performance, VFQY leads with 8.39% vs 6.73% for AOR. On fees, VFQY is cheaper at 0.13% 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, VFQY has performed better with a 8.39% return vs 6.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VFQY is cheaper with a 0.13% expense ratio, compared with 0.15% for AOR.
AOR has the higher dividend yield at 2.49%, compared with 0.82% for VFQY.
VFQY is categorized as Mid Cap Blend Equities, while AOR is Diversified Portfolio. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.13% for VFQY and 0.15% for AOR.
AOR currently has the higher Sharpe Ratio (1.93 vs 1.46), 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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