VT vs. AOR

Last updated Jun 9, 2026

VT (Vanguard Total World Stock ETF) and AOR (iShares Core 60/40 Balanced Allocation ETF) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap 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, VT returned 12.61%/yr vs 8.29%/yr for AOR. Their correlation of 0.93 suggests significant overlap in exposure. VT charges 0.06%/yr vs 0.15%/yr for AOR.

Performance

VT vs. AOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Stock ETF (VT) and iShares Core 60/40 Balanced Allocation ETF (AOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VT achieves a 9.77% return, which is significantly higher than AOR's 5.83% return. Over the past 10 years, VT has outperformed AOR with an annualized return of 12.61%, while AOR has yielded a comparatively lower 8.29% annualized return.

VT

• 1D: 0.52%
• 1M: -0.45%
• YTD: 9.77%
• 6M: 10.59%
• 1Y: 25.47%
• 3Y*: 19.82%
• 5Y*: 10.54%
• 10Y*: 12.61%

AOR

• 1D: 0.28%
• 1M: -0.54%
• YTD: 5.83%
• 6M: 6.57%
• 1Y: 17.08%
• 3Y*: 13.55%
• 5Y*: 6.66%
• 10Y*: 8.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VT vs. AOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VT Vanguard Total World Stock ETF	9.77%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%
AOR iShares Core 60/40 Balanced Allocation ETF	5.83%	16.44%	10.68%	15.75%	-15.64%	11.19%	11.42%	18.91%	-5.82%	15.80%

Correlation

The correlation between VT and AOR is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008	0.93

The correlation between VT and AOR has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

VT vs. AOR - Sectors Allocation Comparison

Sectors	VT	AOR
Technology	27.8%	27.8%
Financial Services	15.9%	16.2%
Industrials	12.0%	11.9%
Consumer Cyclical	9.5%	9.5%
Communication Services	8.3%	8.1%
Healthcare	8.1%	8.0%
Consumer Defensive	4.8%	5.0%
Energy	4.3%	4.3%
Basic Materials	4.2%	4.2%
Utilities	2.7%	2.7%
Real Estate	2.4%	2.4%

Return for Risk

VT vs. AOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VT

VT Risk / Return Rank: 65
VT Sharpe Ratio Rank: 65
VT Sortino Ratio Rank: 64
VT Omega Ratio Rank: 66
VT Calmar Ratio Rank: 59
VT Martin Ratio Rank: 69

AOR

AOR Risk / Return Rank: 65
AOR Sharpe Ratio Rank: 66
AOR Sortino Ratio Rank: 68
AOR Omega Ratio Rank: 69
AOR Calmar Ratio Rank: 58
AOR Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VT vs. AOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.

	VT	AOR	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.98	-0.03
Sortino ratio: Return per unit of downside risk	2.68	2.78	-0.10
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.64	2.58	+0.06
Martin ratio: Return relative to average drawdown	11.68	11.20	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VT vs. AOR - Sharpe Ratio Comparison

The current VT Sharpe Ratio is 1.96, which is comparable to the AOR Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VT and AOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VT	AOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.98	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.63	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.78	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.68	-0.25

Drawdowns

VT vs. AOR - Drawdown Comparison

The maximum VT drawdown since its inception was -50.27%, which is greater than AOR's maximum drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for VT and AOR.

Drawdown Indicators

	VT	AOR	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-24.44%	-25.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-6.64%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-9.77%	-6.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.38%	-21.72%	-4.66%
Max Drawdown (10Y) Largest decline over 10 years	-34.24%	-22.95%	-11.29%
Current Drawdown Current decline from peak	-3.06%	-1.98%	-1.08%
Average Drawdown Average peak-to-trough decline	-7.02%	-3.47%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.53%	+0.66%

Volatility

VT vs. AOR - Volatility Comparison

Vanguard Total World Stock ETF (VT) has a higher volatility of 4.55% compared to iShares Core 60/40 Balanced Allocation ETF (AOR) at 3.07%. This indicates that VT'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.

Volatility by Period

	VT	AOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.07%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	7.11%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	8.67%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	10.59%	+5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	10.69%	+6.57%

VT vs. AOR - Expense Ratio Comparison

VT has a 0.06% 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

VT vs. AOR - Dividend Comparison

VT's dividend yield for the trailing twelve months is around 1.63%, less than AOR's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core 60/40 Balanced Allocation ETF	2.51%	2.55%	2.66%	2.50%	2.12%	1.64%	1.89%	2.56%	2.49%	4.51%	2.16%	2.12%
VT Vanguard Total World Stock ETF	1.63%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both VT and AOR in my portfolio?

With a correlation of 0.98, VT and AOR 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.

Which is riskier, VT or AOR?

VT has higher volatility (4.55%) compared to AOR (3.07%). In terms of maximum drawdown, VT dropped -50.27% vs AOR's -24.44%.

Which ETF is better, VT or AOR?

On 10-year performance, VT leads with 12.61% vs 8.29% for AOR. On fees, VT is cheaper at 0.06% per year. On volatility, AOR has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VT or AOR?

Over the 10-year period, VT has performed better with a 12.61% return vs 8.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VT or AOR?

VT is cheaper with a 0.06% expense ratio, compared with 0.15% for AOR.

Which ETF pays a higher dividend yield, VT or AOR?

AOR has the higher dividend yield at 2.51%, compared with 1.63% for VT.

What is the main difference between VT and AOR?

VT is categorized as Global Equities, while AOR is Diversified Portfolio. VT tracks FTSE Global All Cap Index, while AOR tracks S&P Target Risk Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VT and 0.15% for AOR.

Which has better risk-adjusted returns?

AOR currently has the higher Sharpe Ratio (1.98 vs 1.96), 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.