Data as of Oct 28, 2026.

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AOR vs IAU: Differences, Returns & Fees

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AOR is an equity index fund and IAU a commodity fund, and over the year to Oct 28, 2026, AOR returned +7.8% against +2.7%.

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Net assets on Oct 28, 2026: $3.9bn for iShares Core 60/40 Balanced Allocation ETF and $60.1bn for iShares Gold Trust.

At a glance
+7.8%
AOR total return, 1 year
+2.7%
IAU total return, 1 year
0.15%
AOR expense ratio
0.25%
IAU expense ratio

Pair scorecard

AOR costs 0.10 points a year less; their one-year returns differ by 5.1 points; IAU is 15.4 times larger.

AOR vs IAU: Differences, Returns & Fees
MeasureAORIAU
Return
Total return, 1 year+7.8%+2.7%
Drawdown
Below its high24.6%, high on Jan 29, 2026
Benchmark
What it tracks60/40 Balanced AllocationGold
Cost and size
Expense ratio0.15%0.25%
Net assets$3.9bn$60.1bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Holdings datedOct 27, 2026
Top ten holdings, share of the fund99.9%

Method

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF IAU iShares Gold Trust
Where it sits Allocation ETF Commodity ETF
What it is Tracks an index of 60/40 Balanced Allocation Holds gold
Total return, 1 year +7.8% +2.7%
Its benchmark over the same days +13.4% (ACWI) +2.5% (GLD)
Gap to its benchmark −5.6 pts vs ACWI +0.2 pts vs GLD
Expense ratio 0.15% 0.25%
Holdings 7 not counted
Net assets $3.9bn $60.1bn

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

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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%.

IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AOR or IAU?
In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and IAU +2.7%.
Which is cheaper, AOR or IAU?
AOR is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, AOR against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-iau

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