AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLAO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLAO
FLAO charges 0.74% annually. There are 73 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | FLAO vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | FLAO vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | FLAO vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | FLAO vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | FLAO vs FBUF |
Best Risk-Adjusted Alternatives to FLAO
FLAO has a PortfoliosLab risk / return rank of 19. There are 235 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | FLAO vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | FLAO vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | FLAO vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | FLAO vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | FLAO vs XBAP |
Top Performing FLAO Alternatives (YTD)
FLAO is at -0.29% YTD. There are 263 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | FLAO vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | FLAO vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | FLAO vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | FLAO vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | FLAO vs QB |
Lowest Volatility Alternatives to FLAO
FLAO has 5.67% 1-year volatility. There are 130 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.16% | — | Mar 2025 | FLAO vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | FLAO vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | FLAO vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | FLAO vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | FLAO vs MMAX |
Lowest Drawdown Alternatives to FLAO
FLAO has a 1-year max drawdown of -7.60%. There are 227 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | FLAO vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | FLAO vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | FLAO vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | FLAO vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | FLAO vs CPSM |
Other ETFs from Allianz
The 10 most viewed Allianz ETFs shown here include APRT, AIOO, OCTW and span 2 categories. AUM among these funds goes as high as $338M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AllianzIM U.S. Large Cap Buffer10 Apr ETF | Options Trading | 97 | 10.36% | 55.22M | May 2020 | FLAO vs APRT | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | 93 | 2.42% | — | Jun 2025 | FLAO vs AIOO | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 84 | 5.36% | 312.23M | Sep 2020 | FLAO vs OCTW | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | Options Trading | 98 | 6.67% | 190.94M | May 2020 | FLAO vs APRW | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 5.87% | 8.48M | Jan 2024 | FLAO vs FLJJ | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 87 | 8.53% | 30.53M | Feb 2023 | FLAO vs MART | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 86 | 4.82% | 337.88M | Dec 2020 | FLAO vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 41 | 5.56% | — | Mar 2024 | FLAO vs ARLU | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 84 | 7.36% | 29.65M | Jul 2023 | FLAO vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Nov ETF | Options Trading | 73 | 7.89% | 29.85M | Oct 2022 | FLAO vs NVBT |
Often Compared With FLAO
Investors most often compare FLAO with JULW, SMAX, LJUL. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FLAO with Any Fund or Stock
Compare FLAO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLAO with funds that move differently
AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLAO.
Explore FLAO Diversifiers