Skip to content
etf.net

AOA vs GLDB

iShares Core 80/20 Aggressive Allocation ETF

AOAANYSE Arca

IDX Alternative FIAT ETF

GLDBFNasdaq

Overlap

Expense ratio

AOA −0.81pt a year

AOA0.15%GLDB0.96%

Avg volume · 30D

AOA 11.0×the volume

AOA135KGLDB12.2K

AOA vs GLDB Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%AOA−19.1%GLDB

Oct 31, 2025 to Oct 30, 2026. AOA +10.1%. GLDB −19.1%. Use the arrow keys to read each point.−10%0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
AOA 0.15%, better
GLDB 0.96%
Fund size
AOA $3.32B
GLDB $36M
1Y total return
AOA +10.1%, better
GLDB −19.1%
Yield (12M)
AOA 2.19%
GLDB No data
Holdings
AOA 34240
GLDB 10
Avg volume (30D)
AOA 135K sh, better
GLDB 12.2K sh
NAV per share
AOA $96.21
GLDB $19.82
52W range

ETF.net Grade

AOA: Cost 93, Risk 55, Mission 100, Tradability 96, Holdings 81, Durability 98. GLDB: Cost 18, Risk 5, Mission not scored, Tradability 29, Holdings not scored, Durability 24.
Pillar letters and Scores for AOA, GLDB, with each pillar’s weight
PillarAOAGLDB
Cost30% weightA93HigherF18
Mission25% weightA100Not scored
Risk15% weightB55HigherF5
Tradability15% weightA96HigherD29
Holdings10% weightA81Not scored
Durability5% weightA98HigherF24

Rank among Multi-Asset Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AOA and GLDB are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds
See all 37 ›

AOA ranks 2nd and GLDB 36th of 37 funds in the Multi-Asset Allocation Category.

  1. Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
  2. Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
  3. Rank 3AIRTRiShares LifePath Retirement ETFScore 86
  4. Rank 36FESBGFirst Trust Enhanced Stocks, Bonds & Gold ETFScore 17
  5. Rank 36FGLDBIDX Alternative FIAT ETFScore 17

Our read on each fund

ETF.net Research

AOAAiShares Core 80/20 Aggressive Allocation ETF

GLDBFIDX Alternative FIAT ETF

In short

AOA A whole portfolio in one ticker. Since 2008, AOA has held a fixed 80/20 mix of global stock and bond index funds, with its index rebalancing the split back to target twice a year. No spreadsheet required.

GLDB Gold and bitcoin in one wrapper, geared to roughly 1.25x and re-tilted weekly by rules instead of hunches. It is the anti-fiat trade as a single ticker, priced at 0.96% a year.

Stated mandate

AOA The Fund seeks to follow an index of equity and fixed-income ETFs designed for an aggressive target-risk allocation. It offers a diversified portfolio emphasizing growth and relatively higher equity exposure.

GLDB The Fund seeks capital appreciation through dynamic exposure to Bitcoin and gold, with possible smaller allocations to related cryptocurrency and precious-metal exposures.

Why people hold it

  • AOA One trade buys a handful of underlying iShares index funds spanning global stocks and bonds, with the 80/20 split set by index rule rather than a manager's judgment call.ishares.comspglobal.com
  • Costs 0.15% net of a waiver through November 30, 2026 (0.19% gross), below the median fee in its allocation category.
  • Live since November 2008 and now a multi-billion-dollar fund, it has run the same target-risk mandate through the financial crisis and everything after.ishares.com
  • Among the strongest implementations in a crowded field of allocation funds, and it pays out quarterly.
  • GLDB One ticker for the whole anti-fiat trade: bitcoin and gold side by side, with the split reset weekly by a rules-based model that can swing all the way into either one.sec.govsec.gov 2
  • Leverage is dialed low by design: the fund generally seeks 1.25x exposure, with at least 80% of net assets in bitcoin- and gold-linked futures, swaps and ETPs.sec.gov
  • Room to roam beyond the core two: up to 40% can sit in adjacent stores of value such as ether, silver and other precious metals when the model favors them.sec.gov

Worth knowing

  • AOA Eighty percent equity means it rides global stock swings closely. The 20% bond sleeve softens drawdowns rather than stopping them.spglobal.com
  • That 0.15% is net of a contractual waiver through November 30, 2026. The gross 0.19% is the figure that applies if the waiver is not renewed.
  • Cheaper one-ticket rivals now exist: UCBG at 0.06% and IRTR at 0.08%. IRTR also glides its risk down over time, while AOA's 80/20 stays put.
  • GLDB At 0.96% it prices above the category median, and well above multi-asset peers like Cambria's TRTY at 0.39%.
  • Gearing cuts both ways: 1.25x magnifies drawdowns as readily as gains, and gold and bitcoin can slide in the same week.sec.gov
  • Launched in 2025 and still small, it trades lightly, so spreads can run wider than in the category's household names.

Full AOA profile⁠

Full GLDB profile⁠

AOA vs GLDB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AOA vs GLDB Cost

Overpaying GLDB vs AOA

$14,897

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AOA 0.15%

    $3,137

  • GLDB 0.96%

    $18,034

$10,000
30 years

Cost over time

  • AOA 0.15%
  • GLDB 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GLDB $18,034AOA $3,137

Year by year

YearAOAGLDBOverpaying
10$274$1,695$1,421
20$1,071$6,383$5,312
30$3,137$18,034$14,897

Expense ratio

  • 0.15%AOA, cheaper
  • 0.96%GLDB
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

AOA 3rd cheapest of 37 funds

GLDB 31st cheapest of 37 funds

AOA vs GLDB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AOA 2.19%
GLDB No data
Payout (12M)
AOA $2.11
GLDB No data
Last payment
AOA $0.30
GLDB $0.05
Ex-dividend
AOA Oct 2, 2026
GLDB Dec 23, 2025
Paid on
AOA Oct 7, 2026
GLDB Dec 24, 2025
Frequency
AOA Quarterly
GLDB Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

AOAQuarterly · 39 paymentsAll AOA payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Apr 4, 2017 $0.13; Jul 6, 2017 $0.40; Oct 3, 2017 $0.16; Dec 28, 2017 $2.06; Apr 3, 2018 $0.15; Jul 3, 2018 $0.48; Oct 2, 2018 $0.17; Dec 28, 2018 $0.35; Apr 2, 2019 $0.18; Jul 2, 2019 $0.55; Oct 2, 2019 $0.18; Dec 24, 2019 $0.54; Apr 2, 2020 $0.16; Jul 2, 2020 $0.36; Oct 2, 2020 $0.16; Dec 24, 2020 $0.42; Apr 5, 2021 $0.11; Jul 2, 2021 $0.38; Oct 4, 2021 $0.15; Dec 23, 2021 $0.57; Apr 4, 2022 $0.17; Jul 5, 2022 $0.51; Oct 4, 2022 $0.20; Dec 23, 2022 $0.38; Apr 4, 2023 $0.18; Jul 5, 2023 $0.50; Oct 3, 2023 $0.22; Dec 22, 2023 $0.63; Apr 2, 2024 $0.21; Jul 2, 2024 $0.55; Oct 2, 2024 $0.27; Dec 20, 2024 $0.74; Apr 2, 2025 $0.22; Jul 2, 2025 $0.62; Oct 2, 2025 $0.25; Dec 23, 2025 $0.86; Apr 2, 2026 $0.28; Jul 2, 2026 $0.68; Oct 2, 2026 $0.30. Use the arrow keys to read each point.$0$22017202020232026YTD
GLDBIrregular · 1 paymentAll GLDB payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 23, 2025 $0.05. Use the arrow keys to read each point.$0$22017202020232026YTD

AOA vs GLDB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AOA 9.6%GLDB 33.1%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
AOA 1.37GLDB −0.60since Nov 2025
Worst fallMax drawdown, 5 years
AOA −23.6%GLDB −38.3%since Oct 2025
Market sensitivityBeta, 5 years
AOA 1.06GLDB 0.63

AOA and GLDB in the news

All news⁠

Popular comparisons

  • AOAAvsUCBGA

    iShares Core 80/20 Aggressive Allocation ETF · State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

    Expense ratio
    0.15% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLDBFvsUCBGA

    IDX Alternative FIAT ETF · State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

    Expense ratio
    0.96% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AOAAvsIRTRA

    iShares Core 80/20 Aggressive Allocation ETF · iShares LifePath Retirement ETF

    Expense ratio
    0.15% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLDBFvsIRTRA

    IDX Alternative FIAT ETF · iShares LifePath Retirement ETF

    Expense ratio
    0.96% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AOAAvsINCEA

    iShares Core 80/20 Aggressive Allocation ETF · Franklin Income Equity Focus ETF

    Expense ratio
    0.15% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLDBFvsINCEA

    IDX Alternative FIAT ETF · Franklin Income Equity Focus ETF

    Expense ratio
    0.96% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.