AOK vs XRLX: Grades, Fees and Holdings Compared

iShares Core 30/70 Conservative Allocation ETF

AOKANYSE Arca

FundX Investment Conservative ETF

XRLXCNYSE Arca

Overlap

0.0%by weight

Expense ratio

AOK −1.05pt a year

AOK0.15%XRLX1.20%

Avg volume · 30D

AOK 118.7×the volume

AOK194KXRLX1.64K

3Y return · a year

XRLX +2.7pt

AOK+10.5%XRLX+13.2%

AOK vs XRLX Performance

Oct 31, 2025 – Oct 30, 2026

+3.8%AOK+4.7%XRLX

Expense ratio: AOK 0.15%, better; XRLX 1.20%
Fund size: AOK $852M; XRLX $45M
1Y total return: AOK +3.8%; XRLX +4.7%, better
Yield (12M): AOK 3.50%, better; XRLX 2.66%
Holdings: AOK 34238; XRLX 20
Avg volume (30D): AOK 194K sh, better; XRLX 1.64K sh
NAV per share: AOK $40.58; XRLX $47.90
52W range

ETF.net Grade

Pillar letters and Scores for AOK, XRLX, with each pillar’s weight
Pillar	AOK	XRLX
Cost30% weight	A92Higher	D30
Mission25% weight	A100Higher	A81
Risk15% weight	B57Higher	D35
Tradability15% weight	A86Higher	C54
Holdings10% weight	A76Higher	B63
Durability5% weight	A88Higher	B61

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. AOK and XRLX are both graded against the same 7 Conservative Allocation funds, so their Grades compare head to head.

Conservative Allocation⁠

Category · 7 funds

See all 7 ›

AOK ranks 1st and XRLX 4th of 7 funds in the Conservative Allocation Category.

Rank 1AAOKiShares Core 30/70 Conservative Allocation ETFScore 86
Rank 2ACGMSCapital Group U.S. Multi-Sector Income ETFScore 76
Rank 3CBLUIBluemonte Diversified Income ETFScore 52
Rank 4CXRLXFundX Investment Conservative ETFScore 51
Rank 5CTHRVProspera Income ETFScore 46

Our read on each fund

ETF.net Research

AOKAiShares Core 30/70 Conservative Allocation ETF

XRLXCFundX Investment Conservative ETF

In short

AOK One ticker, one conservative portfolio. Since 2008 AOK has tracked S&P's target-risk index built to hold 30% stocks and 70% bonds, using a handful of iShares funds underneath, and it pays monthly.

XRLX Most conservative allocation funds are index blends on autopilot. XRLX is actively managed: a fund of funds that ranks other funds on recent returns, buys the leaders and sells them when they fade.

Stated mandate

AOK The fund seeks diversified exposure through equity and fixed-income ETFs to represent a conservative target-risk allocation, with greater emphasis on income and capital preservation.

XRLX The Fund seeks long-term capital appreciation and may provide a low level of current income intended to reduce portfolio volatility.

Why people hold it

AOK 0.15% net of a waiver through November 30, 2026 (0.20% gross), below the typical fee here and a fraction of active rivals like CGMS at 0.39% or XRLX at 1.20%.
The split is rules, not hunches: S&P sets 70% bonds, 30% stocks and resets the mix annually. AOK follows it closely, one of the stronger builds in its peer group.spglobal.com
One trade buys a stack of iShares blocks: core US bonds, international bonds, US and foreign stocks. No rebalancing spreadsheet, one line on the statement, monthly payouts.ishares.com
Trading since November 2008, making it one of the original target-risk ETFs, with the same rules-based mandate throughout.ishares.com

XRLX The Upgrading discipline has a long paper trail: FundX has published its no-load fund newsletter since 1976, and this conservative version has run inside a fund since 2002.sec.gov
No stock picking. It buys other funds, so one ticker gets you a multi-manager mix of stock and bond funds rather than a single manager's call.sec.gov sec.gov 2
Built around a plainly stated mandate: long-term capital appreciation plus a low level of current income meant to reduce portfolio volatility.
Sits in the upper half of a small conservative-income peer group.

Worth knowing

AOK Roughly 70% of the portfolio sits in bonds, so interest-rate moves, not the stock market, do most of the driving.spglobal.com
Equity exposure is held near 30% by design, so stock rallies reach this portfolio diluted. That is the trade for the income-and-preservation tilt.spglobal.com
The 0.15% is net of a waiver that ends November 30, 2026; gross is 0.20%, so the posted fee steps up if iShares does not extend it.

XRLX The fee is 1.20% a year, above the category median and well above plain multi-sector peers like CGMS at 0.39%. Active fund selection is what the premium buys.
Fund-of-funds math: shareholders also bear a share of the underlying funds' fees, which appear as their own line in the fee table.sec.gov
It is a small fund that trades lightly, so bid-ask spreads can run wider and larger orders are more sensitive to execution.

Full AOK profile⁠

Full XRLX profile⁠

AOK vs XRLX Holdings

How AOK and XRLX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AOK and 0.0% of XRLX.

Level by level

Holdings0 in both0.0%
Countryby domicile85.8%
Sector11 Sectors87.6%

Sector

Sector weights in AOK and XRLX, widest gap first
Sector	More in AOKMore in XRLX	AOK	XRLX
Technology	XRLX +10.2 points	31.6%	41.8%
Financials	AOK +6.2 points	16.1%	9.9%
Materials	AOK +1.9 points	3.9%	2.0%
Communication	XRLX +1.6 points	7.5%	9.1%
Industrials	AOK +1.2 points	11.0%	9.8%
Consumer Staples	AOK +1.0 points	4.5%	3.5%
Utilities	AOK +1.0 points	2.3%	1.3%
Energy	AOK +0.8 points	4.1%	3.3%
Health Care	XRLX +0.3 points	8.5%	8.8%
Consumer Discretionary	XRLX +0.2 points	8.3%	8.6%
Real Estate	AOK +0.3 points	2.1%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in AOK and XRLX, widest gap first
Country	More in AOKMore in XRLX	AOK	XRLX
United States	XRLX +11.5 points	79.1%	90.6%
China	AOK +3.0 points	3.3%	0.3%
Japan	AOK +2.6 points	4.0%	1.4%
Canada	AOK +2.1 points	2.8%	0.7%
Germany	AOK +1.6 points	2.0%	0.4%
France	AOK +1.6 points	2.1%	0.5%
United Kingdom	AOK +1.1 points	2.9%	1.8%
South Korea	AOK +0.8 points	1.2%	0.4%
Other countries (34)	XRLX +1.3 points	2.6%	3.9%

Concentration

Weight in the 10 largest Holdings

AOK8.9%
XRLX64.2%

Securities held

AOK34,149
XRLX19

Asset class

AOK: Multi-Asset
XRLX: Multi-Asset

Holdings

Only in AOK34,149
In both0
Only in XRLX19

Only in AOK

34,149 securities, 99.4% of AOK by weight

Apple1.31%
NVIDIA1.29%
Microsoft1.01%
Amazon.com Inc0.61%
Taiwan Semiconductor Manufacturing0.44%
Alphabet Class A0.43%
Broadcom Inc0.40%
Meta Platforms Class A0.35%
Alphabet Class C0.34%
Treasury Note 4.63% 02/15/2035 (Tnote)0.30%
Eli Lilly0.29%
Tesla Inc0.29%
Berkshire Hathaway Inc Class B0.26%
Micron Technology0.26%
Treasury Note 4.00% 11/15/2035 (Tnote)0.25%
Treasury Note 4.25% 08/15/2035 (Tnote)0.25%
JPMorgan Chase & Co0.23%
Treasury Note 1.88% 02/15/2032 (Tnote)0.23%
Umbs 15YR Tba(Reg B) 2.00% 11/17/2026 (UM15)0.22%
Treasury Note 4.13% 05/31/2031 (Tnote)0.22%
Advanced Micro Devices0.21%
Treasury Note (2OLD) 4.13% 02/15/2036 (Tnote)0.21%
Treasury Note (Old) 5.00% 09/30/2031 (Tnote)0.21%
Umbs 30YR Tba(Reg A) 5.50% 11/12/2026 (UM30)0.20%
Exxonmobil Holdings Corp0.20%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.20%
Treasury Note 4.25% 11/15/2034 (Tnote)0.20%
Treasury Note (2OLD) 4.13% 08/31/2028 (Tnote)0.20%
Treasury Note 4.25% 05/15/2035 (Tnote)0.20%
Treasury Note 1.25% 09/30/2028 (Tnote)0.19%
Samsung Electronics Ltd0.19%
Treasury Note 3.88% 08/15/2034 (Tnote)0.19%
Treasury Note 4.38% 12/31/2029 (Tnote)0.19%
Treasury Note 4.63% 09/30/2028 (Tnote)0.19%
Treasury Note 4.13% 06/30/2031 (Tnote)0.19%
Treasury Note (Otr) 4.63% 08/15/2036 (Tnote)0.19%
Treasury Note 1.38% 11/15/2031 (Tnote)0.19%
Treasury Note 4.00% 07/31/2029 (Tnote)0.19%
Visa Class A0.18%
Treasury Note 4.00% 02/15/2034 (Tnote)0.18%
Treasury Note 4.38% 05/15/2034 (Tnote)0.18%
Asml Holding0.18%
Treasury Note 3.50% 09/30/2029 (Tnote)0.18%
Umbs 30YR Tba(Reg A) 2.00% 11/12/2026 (UM30)0.17%
Johnson & Johnson0.17%
Treasury Note 2.75% 08/15/2032 (Tnote)0.17%
Treasury Note 3.38% 09/15/2028 (Tnote)0.16%
Treasury Note 4.50% 11/15/2033 (Tnote)0.16%
Treasury Note 4.63% 04/30/2029 (Tnote)0.16%
Treasury Note 3.50% 10/15/2028 (Tnote)0.16%

Only in XRLX

19 securities, 99.9% of XRLX by weight

Vanguard Morningstar Growth ETF9.39%
iShares Russell 1000 Value ETF8.59%
PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund6.70%
iShares Core 60/40 Balanced Allocation ETF6.52%
iShares MSCI USA Value Factor ETF6.37%
Invesco S&P 500 Momentum ETF5.90%
Invesco S&P 500 Pure Growth ETF5.77%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund5.04%
iShares Treasury Floating Rate Bond ETF4.97%
Janus Henderson AAA CLO ETF4.95%
iShares Global 100 ETF4.83%
Wisdomtree US Quality Growth Fund4.83%
VanEck IG Floating Rate ETF4.78%
iShares Core 30/70 Conservative Allocation ETF4.75%
NYLIM Merger Arbitrage ETF4.75%
Janus Henderson B-BBB CLO ETF4.70%
iShares MSCI USA Momentum Factor ETF4.17%
Vanguard Russell 1000 Value2.04%
First American Government Obligations Fund 12/01/20310.92%

Weight gaps

AOK and XRLX share no securities.

All AOK holdings⁠All XRLX 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.

AOK vs XRLX Cost

Overpaying XRLX vs AOK

$18,714

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

AOK 0.15%
$3,137
XRLX 1.20%
$21,851

Amount$10,000

Years30 years

Cost over time

AOK 0.15%
XRLX 1.20%
Overpaying

Year by year

Year	AOK	XRLX	Overpaying
10	$274	$2,098	$1,824
20	$1,071	$7,814	$6,743
30	$3,137	$21,851	$18,714

Expense ratio

0.15%AOK, cheaper
1.20%XRLX

AOK0.15%XRLX1.20%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

AOK cheapest of 7 funds

XRLX 5th cheapest of 7 funds

AOK vs XRLX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AOK 3.50%, better; XRLX 2.66%
Payout (12M): AOK $1.42; XRLX $1.28
Last payment: AOK $0.13; XRLX $1.28
Ex-dividend: AOK Oct 2, 2026; XRLX Dec 31, 2025
Paid on: AOK Oct 7, 2026; XRLX Jan 2, 2026
Frequency: AOK Monthly; XRLX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

AOKMonthly · 45 paymentsAll AOK payments⁠

XRLXAnnual · 3 paymentsAll XRLX payments⁠

AOK vs XRLX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AOK 6.2%, betterXRLX 9.0%
Return per unit of riskSharpe ratio, 3 years: AOK 0.93XRLX 0.94, better
Worst fallMax drawdown, 5 years: AOK −18.9%XRLX −15.4%since Oct 2023
Market sensitivityBeta, 5 years: AOK 0.69XRLX 0.83; Market = 1

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