FPAAvsAORETF Comparison
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FPA Global Allocation ETF (FPAA) belongs to the Multi-Asset: Other segment. iShares Core 60/40 Balanced Allocation ETF (AOR) is part of the Multi-Asset: Moderate segment. FPAA's top 3 sector exposures are Sovereign, Technology and Consumer Non-Cyclicals. In contrast, AOR's top sector exposures are Technology, Sovereign and Finance. FPAA is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.2% for AOR. Run a side-by-side ETF comparison of FPAA and AOR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPAA vs AOR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPAA AOR | +0.12%-1.65% | +1.56%+0.59% | n/a+6.85% | n/a+8.18% | n/a+52.77% | n/a+36.56% |
| Flows | FPAA AOR | +$7M+$45M | +$15M+$228M | -+$568M | -+$828M | -+$1.26B | -+$1.33B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAA AOR | +8.02%+7.94% | n/a+9.28% | n/a+9.37% | n/a+10.50% |
| Max drawdown | FPAA AOR | -4.40%-2.66% | n/a-6.66% | n/a-9.78% | n/a-21.61% |
| Max drawdown duration | FPAA AOR | 54d67d | n/a50d | n/a85d | n/a843d |
Trading data
FPAA | AOR | |
Last sale 10/19/2026 at 1:30 PM | $25.22 | $68.26 |
| Previous close 10/19/2026 | $25.19 | $68.28 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FPAA
is actively managed and doesn’t replicate an indexFPAA | AOR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FPAA | AOR | |
|---|---|---|
| Last price | $25.22 | $68.26 |
| 1D performance | +0.10% | -0.03% |
| AuM | $27.83 M | $3.86 B |
| E/R | 1.33% | 0.2% |
Characteristics
FPAA | AOR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Pacific Advisors | iShares |
| Benchmark | - | S&P Target Risk Growth Index |
| N° of holdings | 10775 | 31020 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 5, 2026 | November 4, 2008 |
| ESG | No | No |
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Exposure
Countries
FPAA
USA
70.02%
Other
29.98%
AOR
USA
60.81%
Other
39.19%
Sectors
FPAA
Sovereign
35.98%
Technology
12.92%
Consumer Non-Cycl.
8.56%
Healthcare
7.67%
Other
34.87%
AOR
Technology
21.87%
Sovereign
17.42%
Finance
17.41%
Industrials
8.41%
Other
34.89%
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Diversification
FPAA
Total weight of top 15 holdings out of 15
59.12%
AOR
Total weight of top 15 holdings out of 15
17.03%
Top 15 holdings
Data as of August 31, 2026
FPAA
USA, Notes 4.125% 30jun2031, USD (AA-2031)
21.27%
USA, Notes 4.125% 31may2031, USD (Z-2031)
8.18%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
6.53%
Alphabet, Inc.
2.41%
International Flavors & Fragrances, Inc.
2.26%
Heineken Holding NV
2.03%
US9220408457
2.03%
Analog Devices, Inc.
2.02%
Citigroup, Inc.
1.94%
Becton, Dickinson & Co.
1.92%
Meta Platforms, Inc.
1.80%
Amazon.com, Inc.
1.75%
Arthur J. Gallagher & Co.
1.72%
The Magnum Ice Cream Co. N.V.
1.63%
Glencore Plc
1.63%
AOR
NVIDIA Corp.
2.83%
Apple, Inc.
2.46%
Microsoft Corp.
1.99%
BlackRock Liquidity TempCash
1.44%
Amazon.com, Inc.
1.34%
Alphabet, Inc.
1.05%
Broadcom Inc.
0.93%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.88%
Alphabet, Inc.
0.84%
Meta Platforms, Inc.
0.66%
Micron Technology, Inc.
0.57%
Tesla, Inc.
0.55%
JPMorgan Chase & Co.
0.50%
Berkshire Hathaway, Inc.
0.49%
Eli Lilly & Co.
0.48%
Frequently asked questions about FPAA and AOR
Which ETF is bigger: FPAA or AOR?
As of October 19, 2026, FPAA holds $27.83 M in assets under management (AUM), while AOR manages $3.86 B.
What sectors do the FPAA and AOR ETFs invest in?
FPAA leans toward sectors like Sovereign, Technology and Consumer Non-Cyclicals. Meanwhile, AOR focuses on Technology, Sovereign and Finance.
What are the top holdings of the FPAA ETF and AOR ETF?
FPAA top holdings include USA, Notes 4.125% 30jun2031, USD (AA-2031), USA, Notes 4.125% 31may2031, USD (Z-2031) and USA, Notes 4.375% 31jul2031, USD (AB-2031). AOR holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FPAA or AOR?
FPAA holds 11103 securities with 59.12% of its assets in the top 15. AOR has 33202 securities and a top 15 weight of 17.03%.
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