Data as of Oct 28, 2026.
AOR vs VO: Differences, Returns & Fees
Over the year to Oct 28, 2026, AOR returned +7.8% to VO's +12.8%; 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 $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.
Pair scorecard
VO costs 0.12 points a year less; their one-year returns differ by 5.0 points; VO is far larger, $103.4bn against $3.9bn.
| Measure | AOR | VO |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +12.8% |
| Drawdown | ||
| Below its high | 3.1%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | 60/40 Balanced Allocation | Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $3.9bn | $103.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 99.9% | 9.7% |
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 returnsVO returned more: +1,081.0% to +374.6%. AOR swung less: 12.6% to 19.2%. AOR fell less at its worst: −24.1% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AOR | VO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +374.6% | +1,081.0% | VO | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +14.7% | VO | Total return as a yearly rate. |
| Price return | +209.7% | +794.7% | VO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.6% | 19.2% | AOR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.9% | 12.9% | AOR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −24.1% | −37.4% | AOR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.74 | VO | Return above Treasury bills per unit of volatility. |
| Sortino | 1.01 | 1.10 | VO (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.39 | VO (slight) | Annualized return divided by the max drawdown. |
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 VO 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 VO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AOR and VO do different jobs. What does each one do in a portfolio?
- What each follows. AOR follows 60/40 Balanced Allocation and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap 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 VO +12.8% with distributions reinvested, a gap of 5.0 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%.
VO
VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AOR or VO?
- In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and VO +12.8%.
- Which is cheaper, AOR or VO?
- VO 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 VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-vo
ETFIQ. (Oct 28, 2026). AOR against VO. Retrieved from https://etfiq.com/compare/any/aor-vs-vo
[AOR against VO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/aor-vs-vo)
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