VLU vs. AOA
Compare and contrast key facts about SPDR S&P 1500 Value Tilt ETF (VLU) and iShares Core Aggressive Allocation ETF (AOA).
VLU and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VLU is a passively managed fund by State Street that tracks the performance of the S&P 1500 Low Valuation Tilt Index. It was launched on Oct 24, 2012. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008. Both VLU and AOA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLU or AOA.
Key characteristics
| VLU | AOA | |
|---|---|---|
| YTD Return | 22.23% | 15.94% |
| 1Y Return | 35.29% | 25.82% |
| 3Y Return (Ann) | 9.89% | 4.77% |
| 5Y Return (Ann) | 14.45% | 9.19% |
| 10Y Return (Ann) | 14.80% | 8.02% |
| Sharpe Ratio | 3.28 | 2.76 |
| Sortino Ratio | 4.57 | 3.87 |
| Omega Ratio | 1.61 | 1.51 |
| Calmar Ratio | 6.20 | 2.94 |
| Martin Ratio | 21.21 | 18.22 |
| Ulcer Index | 1.75% | 1.49% |
| Daily Std Dev | 11.27% | 9.80% |
| Max Drawdown | -37.38% | -28.38% |
| Current Drawdown | 0.00% | -0.33% |
Correlation
The correlation between VLU and AOA is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VLU vs. AOA - Performance Comparison
In the year-to-date period, VLU achieves a 22.23% return, which is significantly higher than AOA's 15.94% return. Over the past 10 years, VLU has outperformed AOA with an annualized return of 14.80%, while AOA has yielded a comparatively lower 8.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VLU vs. AOA - Expense Ratio Comparison
VLU has a 0.12% expense ratio, which is lower than AOA's 0.25% 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%.
Risk-Adjusted Performance
VLU vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Value Tilt ETF (VLU) 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.
Dividends
VLU vs. AOA - Dividend Comparison
VLU's dividend yield for the trailing twelve months is around 1.84%, less than AOA's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLU SPDR S&P 1500 Value Tilt ETF | 1.84% | 2.02% | 2.16% | 1.86% | 1.98% | 2.19% | 2.57% | 1.95% | 2.14% | 6.37% | 5.42% | 3.41% |
AOA iShares Core Aggressive Allocation ETF | 2.08% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
VLU vs. AOA - Drawdown Comparison
The maximum VLU drawdown since its inception was -37.38%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for VLU and AOA. For additional features, visit the drawdowns tool.
Volatility
VLU vs. AOA - Volatility Comparison
SPDR S&P 1500 Value Tilt ETF (VLU) has a higher volatility of 4.23% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.65%. This indicates that VLU'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.