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

In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and PFF −4.2%.

Which is cheaper, AOR or PFF?

AOR is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

AOR vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AOR returned +7.8% to PFF's −4.2%; 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 $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF.

AOR on its own →PFF on its own →

At a glance

+7.8%

AOR total return, 1 year

−4.2%

PFF total return, 1 year

0.15%

AOR expense ratio

0.45%

PFF expense ratio

Pair scorecard

AOR costs 0.30 points a year less; their one-year returns differ by 12.0 points; PFF is 3.0 times larger.

AOR vs PFF: Differences, Returns & Fees
Measure	AOR	PFF
Return
Measure	AOR	PFF
Total return, 1 year	+7.8%	−4.2%
Drawdown
Measure	AOR	PFF
Below its high		7.1%, high on May 8, 2026
Benchmark
Measure	AOR	PFF
What it tracks	60/40 Balanced Allocation	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	AOR	PFF
Expense ratio	0.15%	0.45%
Net assets, as of Oct 27, 2026	$3.9bn	$11.8bn
Holdings
Measure	AOR	PFF
Holdings in common	0%
Top ten holdings, share of the fund	99.9%	22.7%

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

Risk and return

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

AOR PFF

Return

Total return edge AOR +374.6% +302.9%

Annualized edge AOR +9.0% +8.1%

Price return edge AOR +209.7% +32.5%

Risk

Volatility edge AOR 12.6% 18.1%

Max drawdown edge AOR −24.1% −50.8%

Downside capture 70.7% 63.8%

Beta 0.64 0.70

Risk-adjusted

Sharpe edge AOR 0.63 0.44

Sortino edge AOR 1.01 0.70

Treynor 0.124 0.056

Calmar edge AOR 0.38 0.16

Against the benchmark

Alpha +0.5% a year −3.5% a year

Alpha t-stat 0.36 −0.90

Information ratio −0.42 −0.37

Tracking error 8.6% 17.7%

Each against its own benchmark: AOR against ACWI, Nov 21, 2008 to Oct 23, 2026; PFF against MLRG, Apr 5, 2007 to Oct 23, 2026.

Reading

AOR returned more: +374.6% to +302.9%. AOR swung less: 12.6% to 18.1%. AOR fell less at its worst: −24.1% to −50.8%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AOR vs PFF: Differences, Returns & Fees
Measure	AOR	PFF	Edge	How it is measured
Return
Total return	+374.6%	+302.9%	AOR	Price change plus distributions, reinvested.
Annualized	+9.0%	+8.1%	AOR	Total return as a yearly rate.
Price return	+209.7%	+32.5%	AOR	Price change alone, distributions left out.
Risk
Volatility	12.6%	18.1%	AOR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.9%	11.3%	AOR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−24.1%	−50.8%	AOR	Deepest fall from a high to the low after it.
Upside capture	53.1%	37.7%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	70.7%	63.8%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.64	0.70	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.77	0.34	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.63	0.44	AOR	Return above Treasury bills per unit of volatility.
Sortino	1.01	0.70	AOR	Return above Treasury bills per unit of downside deviation.
Treynor	0.124	0.056		Return above Treasury bills per unit of beta.
Calmar	0.38	0.16	AOR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	MLRG		The ETF each fund is measured against.
Alpha	+0.5% a year	−3.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.36	−0.90	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.3% to +3.3%	−11.0% to +4.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.42	−0.37		Return against its benchmark per unit of tracking error.
Tracking error	8.6%	17.7%	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 PFF 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 PFF

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 PFF

STRATEGY INC 3.53%

BOEING CO 3.11%

HEWLETT PACKARD ENTERPRISE CONV PR 2.36%

ALPHABET INC 2.31%

SUPER MICRO COMPUTER INC 2.27%

ALPHABET INC 2.26%

WELLS FARGO & COMPANY SERIES L 2.14%

ORACLE CORPORATION 2.06%

Check overlap with more funds →

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF PFF iShares Preferred and Income Securities ETF

Where it sits Allocation ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of 60/40 Balanced Allocation Tracks an index of Preferred and Income Securities

Total return, 1 year +7.8% −4.2%

Its benchmark over the same days +13.4% (ACWI) +13.6% (MLRG)

Gap to its benchmark −5.6 pts vs ACWI −17.8 pts vs MLRG

Expense ratio 0.15% 0.45%

Already in the S&P 500 0.0% 0.0%

Holdings 7 453

Net assets, AOR as of Oct 28, 2026 and PFF as of Oct 27, 2026 $3.9bn $11.8bn

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

Client brief · page 1 of 2 Report BR-CD289182FA

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

What each follows. AOR follows 60/40 Balanced Allocation and PFF follows ICE Exchange-Listed Preferred & Hybrid Securities 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 PFF −4.2% with distributions reinvested, a gap of 12.0 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%.

PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% 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 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AOR or PFF?: In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and PFF −4.2%.
Which is cheaper, AOR or PFF?: AOR is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AOR and PFF overlap with the S&P 500?: By their latest filed holdings, 0% of AOR and 0% of PFF by weight is stocks the S&P 500 already holds.

Other comparisons

AOR vs SPSB AOR vs VBIL AOR vs EMB AOR vs VGLT CGBL vs PFF IYR vs PFF HYMB vs PFF FXI vs PFF

Where to next

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

Sources and dates

AOR and PFF filings on SEC EDGAR ↗

AOR prospectus with the expense ratio (SEC) ↗

iShares page for AOR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

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 PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-pff

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