Which returned more over the last year, AOR or EFA?

In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and EFA +12.1%.

Which is cheaper, AOR or EFA?

AOR is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AOR and EFA overlap with the S&P 500?

By their latest filed holdings, 0% of AOR and 0% of EFA by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AOR vs EFA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AOR returned +7.8% to EFA's +12.1%; 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 $76.8bn on Oct 27, 2026 for iShares MSCI EAFE ETF.

AOR on its own →EFA on its own →

At a glance

+7.8%

AOR total return, 1 year

+12.1%

EFA total return, 1 year

0.15%

AOR expense ratio

0.32%

EFA expense ratio

Pair scorecard

AOR costs 0.17 points a year less; their one-year returns differ by 4.3 points; EFA is 19.7 times larger.

AOR vs EFA: Differences, Returns & Fees
Measure	AOR	EFA
Return
Measure	AOR	EFA
Total return, 1 year	+7.8%	+12.1%
Drawdown
Measure	AOR	EFA
Below its high		4.7%, high on Aug 25, 2026
Benchmark
Measure	AOR	EFA
What it tracks	60/40 Balanced Allocation	MSCI EAFE Index
Cost and size
Measure	AOR	EFA
Expense ratio	0.15%	0.32%
Net assets, as of Oct 27, 2026	$3.9bn	$76.8bn
Holdings
Measure	AOR	EFA
Holdings in common	0%
Top ten holdings, share of the fund	99.9%	14.3%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Nov 21, 2008 to Oct 23, 2026 · 935 weekly returns

AOR EFA

Return

Total return edge AOR (slight) +374.6% +359.4%

Annualized edge AOR (slight) +9.0% +8.8%

Price return edge AOR +209.7% +168.2%

Risk

Volatility edge AOR 12.6% 18.2%

Max drawdown edge AOR −24.1% −33.4%

Downside capture 70.7% 97.5%

Beta 0.64 0.96

Risk-adjusted

Sharpe edge AOR 0.63 0.48

Sortino edge AOR 1.01 0.69

Treynor 0.124 0.055

Calmar edge AOR 0.38 0.26

Against the benchmark

Alpha +0.5% a year +0.5% a year

Alpha t-stat 0.36 0.53

Information ratio −0.42 0.08

Tracking error 8.6% 4.2%

Each against its own benchmark: AOR against ACWI, Nov 21, 2008 to Oct 23, 2026; EFA against ACWX, Apr 11, 2008 to Oct 23, 2026.

Reading

AOR returned slightly more: +374.6% to +359.4%. AOR swung less: 12.6% to 18.2%. AOR fell less at its worst: −24.1% to −33.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AOR vs EFA: Differences, Returns & Fees
Measure	AOR	EFA	Edge	How it is measured
Return
Total return	+374.6%	+359.4%	AOR (slight)	Price change plus distributions, reinvested.
Annualized	+9.0%	+8.8%	AOR (slight)	Total return as a yearly rate.
Price return	+209.7%	+168.2%	AOR	Price change alone, distributions left out.
Risk
Volatility	12.6%	18.2%	AOR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.9%	12.6%	AOR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.1%	−33.4%	AOR	Deepest fall from a high to the low after it.
Upside capture	53.1%	95.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	70.7%	97.5%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.64	0.96	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.77	0.96	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.63	0.48	AOR	Return above Treasury bills per unit of volatility.
Sortino	1.01	0.69	AOR	Return above Treasury bills per unit of downside deviation.
Treynor	0.124	0.055		Return above Treasury bills per unit of beta.
Calmar	0.38	0.26	AOR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWX		The ETF each fund is measured against.
Alpha	+0.5% a year	+0.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.36	0.53	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.3% to +3.3%	−1.4% to +2.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.42	0.08		Return against its benchmark per unit of tracking error.
Tracking error	8.6%	4.2%	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 EFA hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AOR EFA

Only in one fund ↓

Only in AOR

ISHARES CORE S&P ETF TRUST 35.70%

ISHARES CORE UNIV USD BOND ETF 32.15%

ISHARES CORE MSCI INT DEVEL ETF 17.10%

ISHARES CORE MSCI EMERGING MARKETS 6.34%

iShares Core Intl Aggregate Bnd ET 5.81%

ISHARES CORE S&P MID-CAP ETF 1.89%

ISHARES CORE S&P SMALL-CAP ETF 0.92%

Only in EFA

ASML HOLDING 2.98%

ROCHE PS PAR AG 1.58%

SHELL 1.42%

HSBC HOLDINGS PLC 1.38%

NOVARTIS AG 1.33%

ASTRAZENECA PLC 1.21%

NESTLE SA 1.21%

SAP 1.13%

Check overlap with more funds →

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF EFA iShares MSCI EAFE ETF

Where it sits Allocation ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of 60/40 Balanced Allocation Tracks an index of Developed markets ex US

Total return, 1 year +7.8% +12.1%

Its benchmark over the same days +13.4% (ACWI) +14.3% (ACWX)

Gap to its benchmark −5.6 pts vs ACWI −2.2 pts vs ACWX

Expense ratio 0.15% 0.32%

Already in the S&P 500 0.0% 0.0%

Holdings 7 665

Net assets, AOR as of Oct 28, 2026 and EFA as of Oct 27, 2026 $3.9bn $76.8bn

AOR and EFA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-B1A2D51479

AOR and EFA do different jobs. What does each one do in a portfolio?

What each follows. AOR follows 60/40 Balanced Allocation and EFA follows MSCI EAFE Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AOR returned +7.8% and EFA +12.1% with distributions reinvested, a gap of 4.3 points.

Data as of Oct 28, 2026.

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About each fund

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%.

EFA

EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% 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 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AOR or EFA?: In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and EFA +12.1%.
Which is cheaper, AOR or EFA?: AOR is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AOR and EFA overlap with the S&P 500?: By their latest filed holdings, 0% of AOR and 0% of EFA by weight is stocks the S&P 500 already holds.

Other comparisons

AOR vs VXUS AOR vs IEFA AOR vs VEA AOR vs SCHF CGBL vs EFA EFA vs IYR EFA vs HYMB EFA vs FXI

Where to next

AOR on its own →EFA on its own →Hold both: look the portfolio through →Rankings →AOR dividend history →AOR holdings →EFA dividend history →EFA holdings →Standards and sources →

Sources and dates

AOR and EFA filings on SEC EDGAR ↗

AOR and EFA prospectus with the expense ratio (SEC) ↗

iShares page for AOR ↗

iShares page for EFA ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, AOR against EFA, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-efa

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.