VIG vs. AOR
VIG (Vanguard Dividend Appreciation ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index. Both are passively managed. Over the past 10 years, VIG returned 12.84%/yr vs 8.14%/yr for AOR. Their correlation of 0.86 suggests significant overlap in exposure. VIG charges 0.04%/yr vs 0.15%/yr for AOR.
Performance
VIG vs. AOR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VIG achieves a 8.70% return, which is significantly higher than AOR's 6.86% return. Over the past 10 years, VIG has outperformed AOR with an annualized return of 12.84%, while AOR has yielded a comparatively lower 8.14% annualized return.
VIG
- 1D
- 0.43%
- 1M
- 1.19%
- 6M
- 7.68%
- YTD
- 8.70%
- 1Y
- 16.82%
- 3Y*
- 14.67%
- 5Y*
- 10.48%
- 10Y*
- 12.84%
- ALL TIME*
- 10.19%
AOR
- 1D
- 0.63%
- 1M
- -0.89%
- 6M
- 6.37%
- YTD
- 6.86%
- 1Y
- 14.64%
- 3Y*
- 12.82%
- 5Y*
- 6.68%
- 10Y*
- 8.14%
- ALL TIME*
- 8.69%
VIG vs. AOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIG Vanguard Dividend Appreciation ETF | 8.70% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
AOR iShares Core 60/40 Balanced Allocation ETF | 6.86% | 16.44% | 10.68% | 15.75% | -15.64% | 11.19% | 11.42% | 18.91% | -5.82% | 15.80% |
Correlation
The correlation between VIG and AOR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.86 |
The correlation between VIG and AOR has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VIG vs. AOR — Risk / Return Rank
VIG
AOR
VIG vs. AOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.
| VIG | AOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.21 | -0.08 |
| Martin ratioReturn relative to average drawdown | 8.62 | 9.38 | -0.75 |
Loading charts...
Drawdowns
VIG vs. AOR - Drawdown Comparison
The maximum VIG drawdown since its inception was -46.81%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for VIG and AOR.
Loading charts...
Drawdown Indicators
| VIG | AOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.81% | -24.44% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -6.64% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -9.77% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -21.72% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.72% | -22.95% | -8.77% |
Current DrawdownCurrent decline from peak | -0.90% | -1.01% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -3.46% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.57% | +0.38% |
Volatility
VIG vs. AOR - Volatility Comparison
The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.11%, while iShares Core 60/40 Balanced Allocation ETF (AOR) has a volatility of 2.49%. This indicates that VIG experiences smaller price fluctuations and is considered to be less risky than AOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VIG | AOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.49% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 7.69% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 9.03% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 10.65% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 10.65% | +5.37% |
VIG vs. AOR - Expense Ratio Comparison
VIG has a 0.04% 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
VIG vs. AOR - Dividend Comparison
VIG's dividend yield for the trailing twelve months is around 1.51%, less than AOR's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOR iShares Core 60/40 Balanced Allocation ETF | 2.58% | 2.55% | 2.66% | 2.50% | 2.12% | 1.64% | 1.89% | 2.56% | 2.49% | 4.51% | 2.16% | 2.12% |
VIG Vanguard Dividend Appreciation ETF | 1.51% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
VIG and AOR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOR has higher volatility (2.49%) compared to VIG (2.11%). In terms of maximum drawdown, VIG dropped -46.81% vs AOR's -24.44%.
On 10-year performance, VIG leads with 12.84% vs 8.14% for AOR. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIG has performed better with a 12.84% return vs 8.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIG is cheaper with a 0.04% expense ratio, compared with 0.15% for AOR.
AOR has the higher dividend yield at 2.58%, compared with 1.51% for VIG.
VIG is categorized as Dividend, while AOR is Diversified Portfolio. VIG tracks S&P U.S. Dividend Growers Index, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VIG and 0.15% for AOR.
VIG currently has the higher Sharpe Ratio (1.69 vs 1.63), 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.
Find the right allocation for VIG and AOR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer