AllianzIM U.S. Equity Buffer10 Sep ETF (SEPT) 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 SEPT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SEPT
SEPT 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 April Buffer ETF | 0.25% | — | Oct 2025 | SEPT vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | SEPT vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | SEPT vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | SEPT vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | SEPT vs FBUF |
Best Risk-Adjusted Alternatives to SEPT
SEPT has a PortfoliosLab risk / return rank of 85. There are 122 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 | SEPT vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SEPT vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | SEPT vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | SEPT vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | SEPT vs XBAP |
Top Performing SEPT Alternatives (YTD)
SEPT is at 7.15% YTD. There are 78 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 | SEPT vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | SEPT vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | SEPT vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | SEPT vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | SEPT vs QB |
Lowest Volatility Alternatives to SEPT
SEPT has 7.40% 1-year volatility. There are 198 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 | SEPT vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | SEPT vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SEPT vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | SEPT vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | SEPT vs MMAX |
Lowest Drawdown Alternatives to SEPT
SEPT has a 1-year max drawdown of -5.39%. There are 178 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 | SEPT vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SEPT vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | SEPT vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | SEPT vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SEPT 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 | SEPT vs APRT | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | 93 | 2.42% | — | Jun 2025 | SEPT vs AIOO | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 84 | 5.36% | 312.23M | Sep 2020 | SEPT vs OCTW | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | Options Trading | 98 | 6.67% | 190.94M | May 2020 | SEPT vs APRW | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 5.87% | 8.48M | Jan 2024 | SEPT vs FLJJ | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 87 | 8.53% | 30.53M | Feb 2023 | SEPT vs MART | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 86 | 4.82% | 337.88M | Dec 2020 | SEPT vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 41 | 5.56% | — | Mar 2024 | SEPT vs ARLU | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 84 | 7.36% | 29.65M | Jul 2023 | SEPT vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Nov ETF | Options Trading | 73 | 7.89% | 29.85M | Oct 2022 | SEPT vs NVBT |
Often Compared With SEPT
Investors most often compare SEPT with JAJL, BAPR, SIXJ. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SEPT with Any Fund or Stock
Compare SEPT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SEPT with funds that move differently
AllianzIM U.S. Equity Buffer10 Sep ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SEPT.
Explore SEPT Diversifiers