AOK: iShares Core Conservative Allocation ETF returns, drawdowns and risk
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Data updated October 2026
AOK · US exchange · USDCategory: Allocation and multi-asset ETFsData from November 2008
From November 2008 to October 2026 AOK returned 5.4% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $25,710.
Its deepest fall was 18.9%, from November 2021 to October 2022, and it took about 32 months to get back to the previous high. Annual volatility was 7.6%; at the last close it was 1.8% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 215 months both have data, the correlation of monthly returns was 0.84: they usually moved together. Beta was 0.34. In months when SPY rose, AOK moved 36% as much on average; in months when SPY fell, 36% as much.
Key figures
- Annual return (CAGR)
- +5.4%
- 1-year return
- +3.8%
- 5 years, a year
- +3.4%
- 10 years, a year
- +4.8%
- Annual volatility
- 7.6%
- Maximum drawdown
- −18.9%
- Sharpe ratio
- 0.56
- Worst year
- 2022: −14.2%
Trailing returns
| Period | AOK | SPY |
|---|---|---|
| 1 year | +3.8% | +16.6% |
| 3 years, a year | +10.5% | +23.1% |
| 5 years, a year | +3.4% | +12.7% |
| 10 years, a year | +4.8% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: AOK vs SPY
Month-end values from December 2008, the first month both funds have data.
AOK drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | AOK | SPY |
|---|---|---|
| 2026(partial) | +3.5% | +13.3% |
| 2025 | +11.3% | +17.7% |
| 2024 | +6.6% | +24.9% |
| 2023 | +10.8% | +26.2% |
| 2022 | −14.1% | −18.2% |
| 2021 | +5.0% | +28.7% |
| 2020 | +9.3% | +18.3% |
| 2019 | +13.9% | +31.2% |
| 2018 | −3.1% | −4.6% |
| 2017 | +9.7% | +21.7% |
| 2016 | +5.0% | +12.0% |
| 2015 | −1.0% | +1.2% |
| 2014 | +4.0% | +13.5% |
| 2013 | +6.6% | +32.3% |
| 2012 | +6.4% | +16.0% |
| 2011 | +4.4% | +1.9% |
| 2010 | +7.4% | +15.1% |
| 2009 | +8.1% | +26.4% |
| 2008(partial) | +6.6% | — |
AOK compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of AOK?
From November 2008 to October 2026 AOK returned 5.4% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +3.4% a year. Over the last 12 months: +3.8%.
What was the worst drawdown of AOK?
18.9%, from November 2021 to October 2022; it took about 32 months from the previous high to get back to it.
How volatile is AOK?
Annual volatility was 7.6% over the period. Its worst month was −5.8% and 68% of months were positive. Worst calendar year: 2022 (−14.2%).
How closely does AOK follow SPY?
Over 215 months the correlation of monthly returns was 0.84, so they usually moved together, with a beta of 0.34.
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Other Allocation and multi-asset ETFs
- All Allocation and multi-asset ETFsReturns and risk side by side
- AOR — iShares Core Growth Allocation ETFCAGR +8.6%
- AOA — iShares Core Aggressive Allocation ETFCAGR +10.4%
- AOM — iShares Core Moderate Allocation ETFCAGR +6.6%
- NTSX — WisdomTree U.S. Efficient Core FundCAGR +12.5%
- RPAR — RPAR Risk Parity ETFCAGR +1.3%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.