AOM vs CGBL: Grades, Fees and Holdings Compared

iShares Core 40/60 Moderate Allocation ETF

AOMANYSE Arca

Capital Group Core Balanced ETF

CGBLCNYSE Arca

Overlap

10.4%by weight

Expense ratio

AOM −0.18pt a year

AOM0.15%CGBL0.33%

Avg volume · 30D

CGBL 4.7×the volume

AOM308KCGBL1.43M

3Y return · a year

CGBL +4.7pt

AOM+12.1%CGBL+16.8%

AOM vs CGBL Performance

Oct 31, 2025 – Oct 30, 2026

+5.1%AOM+7.5%CGBL

Expense ratio: AOM 0.15%, better; CGBL 0.33%
Fund size: AOM $1.88B; CGBL $7.97B
1Y total return: AOM +5.1%; CGBL +7.5%, better
Yield (12M): AOM 3.18%, better; CGBL 1.96%
Holdings: AOM 34237; CGBL 78
Avg volume (30D): AOM 308K sh; CGBL 1.43M sh, better
NAV per share: AOM $48.72; CGBL $36.68
52W range

ETF.net Grade

Pillar letters and Scores for AOM, CGBL, with each pillar’s weight
Pillar	AOM	CGBL
Cost30% weight	A81Higher	D28
Mission25% weight	A100Higher	B69
Risk15% weight	B66Higher	D36
Tradability15% weight	B58	B69Higher
Holdings10% weight	A100Higher	A91
Durability5% weight	A76Higher	B67

Rank among Balanced Allocation funds

How we build Categories ›

Same Category. AOM and CGBL are both graded against the same 5 Balanced Allocation funds, so their Grades compare head to head.

Balanced Allocation⁠

Category · 5 funds

See all 5 ›

AOM ranks 2nd and CGBL 4th of 5 funds in the Balanced Allocation Category.

Rank 1AAORiShares Core 60/40 Balanced Allocation ETFScore 82
Rank 2AAOMiShares Core 40/60 Moderate Allocation ETFScore 81
Rank 3BAVMAAvantis Moderate Allocation ETFScore 57
Rank 4CCGBLCapital Group Core Balanced ETFScore 53
Rank 5CDDXDefined Duration 10 ETFScore 42

Our read on each fund

ETF.net Research

AOMAiShares Core 40/60 Moderate Allocation ETF

CGBLCCapital Group Core Balanced ETF

In short

AOM Wall Street's balanced portfolio in one ticker, tilted toward bonds: 40% stocks, 60% fixed income, held through a handful of iShares funds and tracking an S&P target-risk index since 2008.

CGBL Capital Group's take on the 60/40: one ticket that owns both stocks and bonds, US and international, chasing balanced total return with an eye on preserving capital. Live since 2023 and already a multi-billion-dollar fund.

Stated mandate

AOM The Fund seeks to track an index composed of underlying equity and fixed income funds intended to represent a moderate target-risk allocation strategy.

CGBL The fund seeks balanced total return, including income and capital gains, while aiming to preserve capital over the long term.

Why people hold it

AOM Fee is 0.15%, net of a waiver through November 30, 2026, and below the typical cost in its small category. Gross runs 0.20% if that waiver lapses.
Undercuts moderate-allocation rivals AVMA (0.21%) and CGBL (0.33%), neither of which leans on a waiver.
One ticker buys a global stock-and-bond mix and holds it at target. The index handles the rebalancing, so you are not trimming sleeves by hand.
Trading since 2008 and now a multi-billion-dollar fund that has hugged its index closely. One of the stronger builds in a thin peer group.

CGBL One ticket, two asset classes: seeks balanced total return from income and capital gains while aiming to preserve capital over the long term, across US and international holdings.
Holdings stay legible for a balanced fund: a compact lineup of roughly 70 positions rather than a sprawl of thousands.
A multi-billion-dollar fund that trades actively, so getting in or out doesn't hinge on a thin order book.
Distributions land quarterly inside a plain 1940 Act fund wrapper, which means 1099 season, not partnership K-1 paperwork.

Worth knowing

AOM Bonds are the bigger half, so stock swings land with less force here than in equity-heavier sibling AOR (also 0.15% net of a waiver through November 30, 2026).
Moderately traded rather than heavily traded, which can mean wider spreads around the open and close.
You own funds that own funds: the line items are iShares ETFs, not individual stocks and bonds.

CGBL At 0.33% it runs above the typical moderate-allocation fund, and index-built rivals like AOM and AOR charge 0.20%.
No index to hug. The mandate is an objective (balanced total return with capital preservation), so the stock-bond mix reflects manager judgment, not a rulebook.
It launched in late 2023, a short history for a fund built to be held through cycles.

Full AOM profile⁠

Full CGBL profile⁠

AOM vs CGBL Holdings

How AOM and CGBL differ

Overlap by weight

10.4%

Shared holdings make up 52.2% of CGBL and 11.8% of AOM.

Level by level

Holdings63 in both10.4%
Countryby domicile82.1%
Sector11 Sectors91.0%

Sector

Sector weights in AOM and CGBL, widest gap first
Sector	More in AOMMore in CGBL	AOM	CGBL
Materials	CGBL +4.3 points	3.9%	8.2%
Financials	AOM +4.1 points	16.1%	12.0%
Industrials	CGBL +2.3 points	11.0%	13.3%
Real Estate	AOM +2.2 points	2.1%	0.0%
Energy	AOM +2.0 points	4.1%	2.1%
Health Care	CGBL +1.7 points	8.5%	10.2%
Consumer Discretionary	AOM +0.7 points	8.3%	7.7%
Communication	CGBL +0.5 points	7.5%	8.0%
Utilities	CGBL +0.4 points	2.3%	2.7%
Consumer Staples	AOM +0.1 points	4.5%	4.4%
Technology	AOM +0.1 points	31.6%	31.5%

Country, concentration and asset class

Country by domicile

Country weights in AOM and CGBL, widest gap first
Country	More in AOMMore in CGBL	AOM	CGBL
United States	CGBL +13.8 points	76.8%	90.6%
Japan	AOM +4.4 points	4.4%	0.0%
China	AOM +3.1 points	3.1%	0.0%
United Kingdom	AOM +3.0 points	3.0%	0.0%
Germany	AOM +2.0 points	2.0%	0.0%
France	AOM +1.9 points	2.1%	0.2%
Canada	CGBL +1.4 points	2.9%	4.3%
Taiwan	CGBL +1.5 points	1.4%	2.9%
Other countries (5)	AOM +2.2 points	4.2%	2.0%

Outside the US: AOM 75% developed, 25% emerging.

Concentration

Weight in the 10 largest Holdings

AOM10.6%
CGBL60.9%

Securities held

AOM34,149
CGBL76

Asset class

AOM: Multi-Asset
CGBL: Multi-Asset

Holdings

Only in AOM34,086
In both63
Only in CGBL13

Only in AOM

34,086 securities, 87.6% of AOM by weight

Taiwan Semiconductor Manufacturing0.59%
Alphabet Class A0.57%
Berkshire Hathaway Inc Class B0.35%
Advanced Micro Devices0.29%
Exxonmobil Holdings Corp0.27%
Samsung Electronics Ltd0.26%
Treasury Note 4.63% 02/15/2035 (Tnote)0.25%
Asml Holding0.24%
Treasury Note 4.00% 11/15/2035 (Tnote)0.22%
Treasury Note 4.25% 08/15/2035 (Tnote)0.21%
Treasury Note 1.88% 02/15/2032 (Tnote)0.20%
Sk Hynix0.19%
Walmart0.19%
Umbs 15YR Tba(Reg B) 2.00% 11/17/2026 (UM15)0.19%
Treasury Note 4.13% 05/31/2031 (Tnote)0.19%
Treasury Note (2OLD) 4.13% 02/15/2036 (Tnote)0.18%
Treasury Note (Old) 5.00% 09/30/2031 (Tnote)0.18%
AbbVie0.18%
Umbs 30YR Tba(Reg A) 5.50% 11/12/2026 (UM30)0.17%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.17%
Treasury Note 4.25% 11/15/2034 (Tnote)0.17%
Treasury Note (2OLD) 4.13% 08/31/2028 (Tnote)0.17%
Treasury Note 4.25% 05/15/2035 (Tnote)0.17%
Treasury Note 1.25% 09/30/2028 (Tnote)0.17%
Treasury Note 3.88% 08/15/2034 (Tnote)0.16%
Treasury Note 4.38% 12/31/2029 (Tnote)0.16%
Treasury Note 4.63% 09/30/2028 (Tnote)0.16%
Chevron0.16%
Treasury Note 4.13% 06/30/2031 (Tnote)0.16%
Treasury Note (Otr) 4.63% 08/15/2036 (Tnote)0.16%
Treasury Note 1.38% 11/15/2031 (Tnote)0.16%
Treasury Note 4.00% 07/31/2029 (Tnote)0.16%
Treasury Note 4.00% 02/15/2034 (Tnote)0.16%
Treasury Note 4.38% 05/15/2034 (Tnote)0.16%
Treasury Note 3.50% 09/30/2029 (Tnote)0.15%
Umbs 30YR Tba(Reg A) 2.00% 11/12/2026 (UM30)0.15%
Palantir Technologies Class A0.15%
Treasury Note 2.75% 08/15/2032 (Tnote)0.14%
Cisco Systems Inc0.14%
Treasury Note 3.38% 09/15/2028 (Tnote)0.14%
Treasury Note 4.50% 11/15/2033 (Tnote)0.14%
Treasury Note 4.63% 04/30/2029 (Tnote)0.14%
Treasury Note 3.50% 10/15/2028 (Tnote)0.14%
Treasury Note 4.38% 07/31/2031 (Tnote)0.13%
Treasury Note 3.88% 08/15/2033 (Tnote)0.13%
Roche Ps Par AG0.13%
Treasury Note 4.00% 02/28/2030 (Tnote)0.13%
Umbs 30YR Tba(Reg A) 2.50% 11/12/2026 (UM30)0.13%
Treasury Note 3.50% 02/15/2033 (Tnote)0.13%
Treasury Note 4.00% 05/31/2028 (Tnote)0.13%

Only in CGBL

13 securities, 45.4% of CGBL by weight

Capital Group Core Plus Income Cap Group Core Plus Income23.22%
Capital Group Core Bond Etf Cap Group Core Bond15.66%
Taiwan Semiconductor Sp Adr Adr2.89%
Fiserv Inc Common Stock USD.010.68%
Royal Caribbean Cruises Ltd Common Stock USD.010.58%
Alnylam Pharmaceuticals Inc Common Stock USD.010.45%
Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.090.43%
Carnival Corp Ltd Common Stock USD.010.38%
Glencore PLC Common Stock USD.010.33%
Strategy Inc Common Stock USD.0010.28%
Ftai Aviation Ltd Common Stock USD1.00.20%
Quantinuum Inc A Common Stock USD.00010.15%
Space Exploration Techn Class A Common Stock USD.0010.11%

Weight gaps

All 63 Holdings in both funds, largest gap first.

Holding weights in AOM and CGBL, widest gap first
Holding	More in AOMMore in CGBL	AOM	CGBL
Broadcom IncAVGO	CGBL +3.54 points	0.54%	4.08%
Philip Morris InternationalPM	CGBL +2.35 points	0.11%	2.46%
Alphabet Class CGOOG	CGBL +2.19 points	0.46%	2.65%
MicrosoftMSFT	CGBL +1.37 points	1.34%	2.71%
NVIDIANVDA	AOM +1.28 points	1.72%	0.44%
Vertex PharmaceuticalsVRTX	CGBL +1.20 points	0.05%	1.25%
Royal GoldRGLD	CGBL +1.17 points	<0.01%	1.18%
Wheaton Precious Metals	CGBL +1.11 points	0.02%	1.13%
SouthernSO	CGBL +1.11 points	0.04%	1.15%
Franco Nevada	CGBL +1.06 points	0.02%	1.08%
AtiATI	CGBL +0.99 points	<0.01%	1.00%
Visa Class AV	CGBL +0.92 points	0.24%	1.16%
Gilead SciencesGILD	CGBL +0.91 points	0.07%	0.98%
DeereDE	CGBL +0.89 points	0.06%	0.95%
BoeingBA	CGBL +0.86 points	0.05%	0.91%
Union PacificUNP	CGBL +0.86 points	0.06%	0.92%
Transdigm GroupTDG	CGBL +0.84 points	0.02%	0.86%
Aon PLC Class AAON	CGBL +0.83 points	0.02%	0.85%
AppleAAPL	CGBL +0.78 points	1.74%	2.52%
Booking HoldingsBKNG	CGBL +0.75 points	0.04%	0.79%
Canadian Natural Resources Ltd	CGBL +0.74 points	0.05%	0.79%
Micron TechnologyMU	CGBL +0.74 points	0.35%	1.09%
Bank of AmericaBAC	CGBL +0.73 points	0.11%	0.84%
UnitedHealth GroupUNH	CGBL +0.71 points	0.13%	0.84%
Arthur J GallagherAJG	CGBL +0.70 points	0.02%	0.72%
Ge VernovaGEV	CGBL +0.67 points	0.08%	0.75%
Ares Management Class AARES	CGBL +0.66 points	<0.01%	0.67%
Lundin Mining	CGBL +0.64 points	<0.01%	0.65%
ConocophillipsCOP	CGBL +0.63 points	0.06%	0.69%
Dte EnergyDTE	CGBL +0.61 points	<0.01%	0.62%
Comcast Class ACMCSA	CGBL +0.58 points	0.03%	0.61%
Amgen IncAMGN	CGBL +0.58 points	0.09%	0.67%
Meta Platforms Class AMETA	CGBL +0.51 points	0.47%	0.98%
Johnson & JohnsonJNJ	CGBL +0.51 points	0.23%	0.74%
First Quantum Minerals	CGBL +0.50 points	<0.01%	0.51%
Cvs HealthCVS	CGBL +0.50 points	0.04%	0.54%
Intel CorporationINTC	CGBL +0.50 points	0.11%	0.61%
Apollo Global ManagementAPO	CGBL +0.50 points	0.02%	0.52%
Darden Restaurants IncDRI	CGBL +0.45 points	<0.01%	0.46%
Thermo Fisher ScientificTMO	CGBL +0.44 points	0.09%	0.53%
Mastercard Class AMA	CGBL +0.43 points	0.18%	0.61%
D R HortonDHI	CGBL +0.41 points	0.01%	0.42%
Brown & Brown IncBRO	CGBL +0.37 points	<0.01%	0.38%
Capital One Financial CorpCOF	CGBL +0.37 points	0.04%	0.41%
Eli LillyLLY	CGBL +0.37 points	0.39%	0.76%
Wells FargoWFC	CGBL +0.36 points	0.09%	0.45%
Synchrony FinancialSYF	CGBL +0.36 points	<0.01%	0.37%
KlaKLAC	CGBL +0.36 points	0.07%	0.43%
Compagnie Financiere Richemont SA	CGBL +0.35 points	0.04%	0.39%
Ge AerospaceGE	CGBL +0.35 points	0.11%	0.46%
Quanta Services IncPWR	CGBL +0.35 points	0.03%	0.38%
Starbucks CorpSBUX	CGBL +0.35 points	0.04%	0.39%
Amphenol Corp Class AAPH	CGBL +0.29 points	0.07%	0.36%
Home DepotHD	CGBL +0.26 points	0.11%	0.37%
Caterpillar IncCAT	CGBL +0.24 points	0.10%	0.34%
Costco Wholesale CorpCOST	CGBL +0.23 points	0.16%	0.39%
Safran SA	CGBL +0.21 points	0.04%	0.25%
United RentalsURI	CGBL +0.20 points	0.03%	0.23%
Shopify Subordinate Voting Class A	CGBL +0.15 points	0.07%	0.22%
JPMorgan Chase & CoJPM	CGBL +0.08 points	0.31%	0.39%
Applied Material IncAMAT	CGBL +0.05 points	0.11%	0.16%
Tesla IncTSLA	AOM +0.04 points	0.39%	0.35%
Amazon.com IncAMZN	CGBL +0.03 points	0.82%	0.85%

All AOM holdings⁠All 74 CGBL 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.

AOM vs CGBL Cost

Overpaying CGBL vs AOM

$3,600

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

AOM 0.15%
$3,137
CGBL 0.33%
$6,737

Amount$10,000

Years30 years

Cost over time

AOM 0.15%
CGBL 0.33%
Overpaying

Year by year

Year	AOM	CGBL	Overpaying
10	$274	$598	$324
20	$1,071	$2,318	$1,247
30	$3,137	$6,737	$3,600

Expense ratio

0.15%AOM, cheaper
0.33%CGBL

AOM0.15%CGBL0.33%

0.15%0.33%

Middle half of Balanced Allocation funds
Median 0.21%

AOM cheapest of 5 funds

CGBL 5th cheapest of 5 funds

AOM vs CGBL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AOM 3.18%, better; CGBL 1.96%
Payout (12M): AOM $1.55; CGBL $0.72
Last payment: AOM $0.30; CGBL $0.21
Ex-dividend: AOM Oct 2, 2026; CGBL Sep 30, 2026
Paid on: AOM Oct 7, 2026; CGBL Oct 1, 2026
Frequency: AOM Quarterly; CGBL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AOMQuarterly · 39 paymentsAll AOM payments⁠

CGBLQuarterly · 12 paymentsAll CGBL payments⁠

AOM vs CGBL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AOM 6.8%, betterCGBL 9.2%
Return per unit of riskSharpe ratio, 3 years: AOM 1.08CGBL 1.27, better
Worst fallMax drawdown, 5 years: AOM −20.0%CGBL −11.7%since Sep 2023
Market sensitivityBeta, 5 years: AOM 0.77CGBL 0.70; Market = 1

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