Skip to content
etf.net

AOA vs UCBG

iShares Core 80/20 Aggressive Allocation ETF

AOAANYSE Arca

State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

UCBGANYSE Arca

Overlap

Expense ratio

UCBG −0.09pt a year

AOA0.15%UCBG0.06%

Avg volume · 30D

UCBG 30.9×the volume

AOA135KUCBG4.15M

AOA vs UCBG Performance

Sep 30, 2026 – Oct 30, 2026

−0.8%AOA−0.9%UCBG

Sep 30, 2026 to Oct 30, 2026. AOA −0.8%. UCBG −0.9%. Use the arrow keys to read each point.0%0.5%1%1.5%2%Sep 30Oct 15Oct 30
Expense ratio
AOA 0.15%
UCBG 0.06%, better
Fund size
AOA $3.32B
UCBG $2.52B
1Y total return
AOA +10.1%
UCBG No data
Yield (12M)
AOA 2.19%
UCBG No data
Holdings
AOA 34240
UCBG 868
Avg volume (30D)
AOA 135K sh
UCBG 4.15M sh, better
NAV per share
AOA $96.21
UCBG $50.56
52W range

ETF.net Grade

AOA: Cost 93, Risk 55, Mission 100, Tradability 96, Holdings 81, Durability 98. UCBG: Cost 100, Risk not scored, Mission 99, Tradability 99, Holdings 79, Durability 66.
Pillar letters and Scores for AOA, UCBG, with each pillar’s weight
PillarAOAUCBG
Cost30% weightA93A100Higher
Mission25% weightA100HigherA99
Risk15% weightB55Not scored
Tradability15% weightA96A99Higher
Holdings10% weightA81HigherA79
Durability5% weightA98HigherB66

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 UCBG 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 ›

UCBG ranks 1st and AOA 2nd 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

Our read on each fund

ETF.net Research

AOAAiShares Core 80/20 Aggressive Allocation ETF

UCBGAState Street SPDR UC Investments 90/10 Endowment Strategy Index 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.

UCBG No data

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.

UCBG No data

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.

UCBG No data

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.

UCBG No data

Full AOA profile⁠

Full UCBG profile⁠

AOA vs UCBG 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 UCBG Cost

Overpaying AOA vs UCBG

$1,867

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

  • AOA 0.15%

    $3,137

  • UCBG 0.06%

    $1,270

$10,000
30 years

Cost over time

  • AOA 0.15%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530AOA $3,137UCBG $1,270

Year by year

YearAOAUCBGOverpaying
10$274$110$164
20$1,071$432$639
30$3,137$1,270$1,867

Expense ratio

  • 0.15%AOA
  • 0.06%UCBG, cheaper
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

UCBG cheapest of 37 funds

AOA 3rd cheapest of 37 funds

AOA vs UCBG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AOA 2.19%
UCBG No data
Payout (12M)
AOA $2.11
UCBG No data
Last payment
AOA $0.30
UCBG $0.04
Ex-dividend
AOA Oct 2, 2026
UCBG Sep 21, 2026
Paid on
AOA Oct 7, 2026
UCBG Sep 23, 2026
Frequency
AOA Quarterly
UCBG 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
UCBGIrregular · 1 paymentAll UCBG payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Sep 21, 2026 $0.04. Use the arrow keys to read each point.$0$22017202020232026YTD

AOA vs UCBG 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%UCBG No data
Return per unit of riskSharpe ratio, 3 years
AOA 1.37UCBG No data
Worst fallMax drawdown, 5 years
AOA −23.6%UCBG No data
Market sensitivityBeta, 5 years
AOA 1.06UCBG 0.00

AOA and UCBG in the news

All news⁠

Popular comparisons

  • 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.

  • UCBGAvsIRTRA

    State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF · iShares LifePath Retirement ETF

    Expense ratio
    0.06% · 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.

  • UCBGAvsINCEA

    State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF · Franklin Income Equity Focus ETF

    Expense ratio
    0.06% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AOAAvsGAAA

    iShares Core 80/20 Aggressive Allocation ETF · Cambria Global Asset Allocation ETF

    Expense ratio
    0.15% · 0.32%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UCBGAvsGAAA

    State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF · Cambria Global Asset Allocation ETF

    Expense ratio
    0.06% · 0.32%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.