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AOA vs LCR

iShares Core 80/20 Aggressive Allocation ETF

AOAANYSE Arca

Leuthold Core Exchange Traded Fund

LCRCNYSE Arca

Overlap

Expense ratio

AOA −0.68pt a year

AOA0.15%LCR0.83%

Avg volume · 30D

AOA 27.2×the volume

AOA135KLCR4.95K

5Y return · a year

AOA +1.7pt

AOA+8.2%LCR+6.5%

AOA vs LCR Performance

Oct 29, 2021 – Oct 30, 2026

+48.2%AOA+37.2%LCR

Oct 29, 2021 to Oct 30, 2026. AOA +48.2%. LCR +37.2%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
AOA 0.15%, better
LCR 0.83%
Fund size
AOA $3.32B
LCR $66M
1Y total return
AOA +10.1%, better
LCR +7.7%
Yield (12M)
AOA 2.19%, better
LCR 1.29%
Holdings
AOA 34240
LCR 34
Avg volume (30D)
AOA 135K sh, better
LCR 4.95K sh
NAV per share
AOA $96.21
LCR $40.39
52W range

ETF.net Grade

AOA: Cost 93, Risk 55, Mission 100, Tradability 96, Holdings 81, Durability 98. LCR: Cost 25, Risk 63, Mission 77, Tradability 55, Holdings 55, Durability 55.
Pillar letters and Scores for AOA, LCR, with each pillar’s weight
PillarAOALCR
Cost30% weightA93HigherD25
Mission25% weightA100HigherA77
Risk15% weightB55B63Higher
Tradability15% weightA96HigherB55
Holdings10% weightA81HigherB55
Durability5% weightA98HigherB55

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 LCR 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 LCR 21st 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 19CRLYState Street Multi-Asset Real Return ETFScore 53
  5. Rank 21CLCRLeuthold Core Exchange Traded FundScore 52
  6. Rank 22CCSRACohen & Steers Real Assets Active ETFScore 50

Our read on each fund

ETF.net Research

AOAAiShares Core 80/20 Aggressive Allocation ETF

LCRCLeuthold Core Exchange Traded Fund

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.

LCR Leuthold has sold tactical asset allocation to institutions since the 1980s. LCR packs that discipline into an ETF of ETFs that slides between stocks, bonds and alternatives on a quantitative read.

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.

LCR The Fund seeks capital appreciation and income, described as total return.

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.
  • LCR Leuthold was among the first shops offering institutions tactical asset allocation in the 1980s, and LCR has run that discipline in an ETF wrapper since January 2020.leutholdgroup.com
  • One ticker, roughly 30 underlying funds: US, foreign and emerging-market stocks, bonds, commodities, volatility and managed futures share the same wrapper.leutholdgroup.com
  • Unconstrained by design: style-box and market-cap agnostic, with equity weight set by the adviser's Major Trend Index read on valuation, macro, sentiment and price action.leutholdgroup.comsec.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.
  • LCR Costs 0.83% net of a waiver through January 17, 2027 (1.01% gross), above the allocation-fund norm; index peers IRTR (0.08%) and UCBG (0.06%) cost far less.
  • Trades lightly next to the category's household names, which can show up as wider spreads on the screen.
  • Tactical means the mix moves with the models, so at any moment the portfolio can look nothing like a static 60/40.leutholdgroup.com

Full AOA profile⁠

Full LCR profile⁠

AOA vs LCR 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 LCR Cost

Overpaying LCR vs AOA

$12,722

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

  • AOA 0.15%

    $3,137

  • LCR 0.83%

    $15,859

$10,000
30 years

Cost over time

  • AOA 0.15%
  • LCR 0.83%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LCR $15,859AOA $3,137

Year by year

YearAOALCROverpaying
10$274$1,474$1,200
20$1,071$5,581$4,510
30$3,137$15,859$12,722

Expense ratio

  • 0.15%AOA, cheaper
  • 0.83%LCR
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

AOA 3rd cheapest of 37 funds

LCR 28th cheapest of 37 funds

AOA vs LCR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AOA 2.19%, better
LCR 1.29%
Payout (12M)
AOA $2.11
LCR $0.52
Last payment
AOA $0.30
LCR $0.52
Ex-dividend
AOA Oct 2, 2026
LCR Dec 11, 2025
Paid on
AOA Oct 7, 2026
LCR Dec 12, 2025
Frequency
AOA Quarterly
LCR Annual

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
LCRAnnual · 6 paymentsAll LCR payments⁠
One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 17, 2020 $0.18; Dec 16, 2021 $0.07; Dec 15, 2022 $0.22; Dec 14, 2023 $0.51; Dec 12, 2024 $0.64; Dec 11, 2025 $0.52. Use the arrow keys to read each point.$0$22017202020232026YTD

AOA vs LCR Risk

Fall from peak · 5 years

  • AOA
  • LCR
Oct 29, 2021 to Oct 30, 2026. Worst fall: AOA −23.6% · Oct 2022. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
AOA 9.6%LCR 7.7%, better
Return per unit of riskSharpe ratio, 3 years
AOA 1.37, betterLCR 0.98
Worst fallMax drawdown, 5 years
AOA −23.6%LCR −13.4%, better
Market sensitivityBeta, 5 years
AOA 1.06LCR 0.77

AOA and LCR in the news

All news⁠

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