AOA vs IVV
AOA vs IVV
iShares Core 80/20 Aggressive Allocation ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AOA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $3.2B | $865.2B | |
| Dividend Yield | 2.05% | 1.09% | |
| Holdings | 11 | 508 | |
| YTD Return | +11.49% | +13.80% | |
| 1Y Return | +20.87% | +23.70% | |
| 3Y Return (annualized) | +17.10% | +21.49% | |
| 5Y Return (annualized) | +9.26% | +13.43% | |
| Volatility (annualized) | 12.9% | 15.1% | |
| Max Drawdown | -28.4% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Nov 4, 2008 | May 15, 2000 |
AOA vs IVV Performance
iShares Core 80/20 Aggressive Allocation ETF (AOA) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AOA returned +20.87% while IVV returned +23.70%. Year to date, AOA is up 11.49% versus a gain of 13.80% for IVV.
Over three years, AOA compounded at +17.10% per year against +21.49% for IVV; over five years the annualized figures are +9.26% and +13.43% respectively. Across the full 18-year window we track, AOA has the edge at +8.78% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.9% for AOA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.4% for AOA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AOA charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, AOA currently yields 2.05% against 1.09% for IVV.
Holdings Overlap
AOA and IVV share 1 holdings out of 512 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AOA | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.09% | 0.15% | 0.06% |
Frequently Asked Questions
Which is cheaper, AOA or IVV?
AOA has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, AOA or IVV?
Over the past year AOA returned +20.87% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), AOA annualized +8.78% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, AOA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.9% for AOA. Worst drawdown: AOA -28.4% vs IVV -56.5%.
Should I hold both AOA and IVV?
AOA and IVV have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AOA and IVV?
AOA and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, AOA or IVV?
AOA yields 2.05% while IVV yields 1.09%, so AOA currently pays the higher dividend yield.
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