Data as of Oct 28, 2026.
AOR vs CGBL: Differences, Returns & Fees
Over the year to Oct 28, 2026, AOR returned +7.8% to CGBL's +7.1%; 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 $7.9bn on Oct 27, 2026 for Capital Group Core Balanced ETF.
Pair scorecard
AOR costs 0.18 points a year less; their one-year returns differ by 0.7 points; CGBL is 2.0 times larger.
| Measure | AOR | CGBL |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +7.1% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | 60/40 Balanced Allocation | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.15% | 0.33% |
| Net assets, as of Oct 27, 2026 | $3.9bn | $7.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 99.9% | 59.3% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 6, 2023 to Oct 23, 2026 · 159 weekly returnsCGBL returned slightly more: +55.6% to +50.8%. AOR swung less: 8.9% to 10.4%. AOR fell less at its worst: −7.8% to −10.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AOR | CGBL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +50.8% | +55.6% | CGBL (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.4% | +15.6% | CGBL (slight) | Total return as a yearly rate. |
| Price return | +39.3% | +46.8% | CGBL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 8.9% | 10.4% | AOR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 5.7% | 6.7% | AOR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −7.8% | −10.0% | AOR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.05 | 1.02 | AOR (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.64 | 1.58 | AOR (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.85 | 1.55 | AOR | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 159 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AOR and CGBL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AOR and CGBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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%.
Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +7.5% for its benchmark, the 60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index.
CGBL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 48% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 59.3%. It sat 3.4% below its high of Aug 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AOR or CGBL?
- In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and CGBL +7.1%.
- Which is cheaper, AOR or CGBL?
- AOR is cheaper, by 0.18 percentage points a year. That is about $18 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 CGBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-cgbl
ETFIQ. (Oct 28, 2026). AOR against CGBL. Retrieved from https://etfiq.com/compare/any/aor-vs-cgbl
[AOR against CGBL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/aor-vs-cgbl)
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