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AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (N...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU)

ETF · Currency in USD · Last updated Apr 15, 2026

The AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) seeks to provide returns that track the SPDR S&P 500 ETF Trust in excess of a predetermined spread with unlimited upside, while providing a buffer against the first 15% of underlying ETF losses, with a 12-month outcome period starting each November. The fund uses FLexible EXchange Options to achieve its defined outcome strategy.

ETF Info

ISIN
US00888H5393
Issuer
AllianzIM
Inception Date
Oct 31, 2024
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF

Performance

NVBU Performance Chart

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) is up 1.6% since the beginning of the year. NVBU is currently trading at $29 per share.

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S&P 500 Index

Returns By Period

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) has returned 1.63% so far this year and 21.03% over the past 12 months.

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF

1D
0.63%
1M
2.94%
YTD
1.63%
6M
4.23%
1Y
21.03%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
0.80%
1M
4.83%
YTD
2.59%
6M
5.27%
1Y
30.14%
3Y*
19.29%
5Y*
10.91%
10Y*
12.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVBU Monthly Returns History

Based on dividend-adjusted daily data since Nov 1, 2024, NVBU's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +4.5%, while the worst month was Mar 2025 at -3.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, NVBU closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +5.1%, while the worst single day was Apr 4, 2025 at -3.2%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.89%-0.63%-2.97%4.48%1.63%
20252.18%-1.17%-3.89%-0.18%3.67%3.53%1.57%1.51%3.33%2.36%0.14%-0.24%13.27%
20244.08%-2.26%1.73%

Benchmark Metrics

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF has an annualized alpha of 1.87%, beta of 0.62, and R² of 0.93 versus S&P 500 Index. Calculated based on daily prices since November 04, 2024.

  • This ETF participated in 71.52% of S&P 500 Index downside but only 69.35% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.62 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
1.87%
Beta
0.62
R²
0.93
Upside Capture
69.35%
Downside Capture
71.52%

Expense Ratio

NVBU has an expense ratio of 0.74%, placing it in the medium range.

Return for Risk

Risk / Return Rank

NVBU ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

NVBU Risk / Return Rank: 6565
Overall Rank
NVBU Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
NVBU Sortino Ratio Rank: 6363
Sortino Ratio Rank
NVBU Omega Ratio Rank: 6363
Omega Ratio Rank
NVBU Calmar Ratio Rank: 6767
Calmar Ratio Rank
NVBU Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) and compare them to a chosen benchmark (S&P 500 Index).

NVBUBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.28

2.30

-0.02

Sortino ratio

Return per unit of downside risk

3.20

3.18

+0.01

Omega ratio

Gain probability vs. loss probability

1.42

1.43

-0.01

Calmar ratio

Return relative to maximum drawdown

4.00

3.40

+0.60

Martin ratio

Return relative to average drawdown

15.87

15.35

+0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore NVBU risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

NVBU Sortino RatioNVBU Sharpe Ratio

Dividends

Dividend History

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF was 11.97%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.97%Feb 20, 202534Apr 8, 202556Jun 30, 202590
-5.38%Jan 29, 202642Mar 30, 202611Apr 15, 202653
-3.7%Dec 9, 202422Jan 10, 202526Feb 19, 202548
-3.59%Oct 29, 202517Nov 20, 202530Jan 6, 202647
-2.93%Oct 9, 20252Oct 10, 202510Oct 24, 202512

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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