Data as of Oct 28, 2026.
AOR vs BND: Differences, Returns & Fees
Over the year to Oct 28, 2026, AOR returned +7.8% to BND's −1.3%; 0% of their weight is in the same names.
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Net assets: $3.9bn on Oct 28, 2026 for iShares Core 60/40 Balanced Allocation ETF, and $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF.
Pair scorecard
BND costs 0.12 points a year less; their one-year returns differ by 9.1 points; BND is far larger, $161.4bn against $3.9bn.
| Measure | AOR | BND |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | −1.3% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | |
| Benchmark | ||
| What it tracks | 60/40 Balanced Allocation | Bloomberg U.S. Aggregate Float Adjusted Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $3.9bn | $161.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 99.9% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 21, 2008 to Oct 23, 2026 · 935 weekly returnsEach against its own benchmark: AOR against ACWI, Nov 21, 2008 to Oct 23, 2026; BND against AGG, Apr 20, 2007 to Oct 23, 2026.
AOR returned more: +374.6% to +65.4%. BND swung less: 4.5% to 12.6%. BND fell less at its worst: −18.4% to −24.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AOR | BND | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +374.6% | +65.4% | AOR | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +2.8% | AOR | Total return as a yearly rate. |
| Price return | +209.7% | −4.4% | AOR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.6% | 4.5% | BND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.9% | 3.2% | BND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −24.1% | −18.4% | BND | Deepest fall from a high to the low after it. |
| Upside capture | 53.1% | 95.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 70.7% | 95.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.64 | 0.91 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.77 | 0.94 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.32 | AOR | Return above Treasury bills per unit of volatility. |
| Sortino | 1.01 | 0.45 | AOR | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.124 | 0.016 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.38 | 0.15 | AOR | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | AGG | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | +0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.36 | 0.59 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.3% to +3.3% | −0.4% to +0.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.42 | 0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.6% | 1.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 935 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AOR and BND hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AOR and BND on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AOR and BND do different jobs. What does each one do in a portfolio?
- What each follows. AOR follows 60/40 Balanced Allocation and BND follows Bloomberg U.S. Aggregate Float Adjusted Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AOR returned +7.8% and BND −1.3% with distributions reinvested, a gap of 9.1 points.
Data as of Oct 28, 2026.
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AOR
AOR tracks an index of 60/40 Balanced Allocation. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.4% for its benchmark, the MSCI All Country World Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 7 positions, with the top ten at 99.9%.
BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AOR or BND?
- In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and BND −1.3%.
- Which is cheaper, AOR or BND?
- BND is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AOR against BND, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-bnd
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