AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF (SEPU) 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 SEPU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SEPU
SEPU charges 0.74% annually. There are 74 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | SEPU vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | SEPU vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | SEPU vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | SEPU vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | SEPU vs FBUF |
Best Risk-Adjusted Alternatives to SEPU
SEPU has a PortfoliosLab risk / return rank of 57. There are 211 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 | SEPU vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | SEPU vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | SEPU vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | SEPU vs ZAPR | |
| Calamos Russell 2000 Structured Alt Protection ETF... | 98 | 13.20M | Apr 2025 | SEPU vs CPRA |
Top Performing SEPU Alternatives (YTD)
SEPU is at 7.10% YTD. There are 91 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 | SEPU vs NVDO | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.87M | Jun 2025 | SEPU vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.73% | — | Jan 2025 | SEPU vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.09% | 214.27M | Mar 2020 | SEPU vs KAPR | |
| Innovator U.S. Equity Buffer ETF - April | 11.91% | 403.09M | Mar 2019 | SEPU vs BAPR |
Lowest Volatility Alternatives to SEPU
SEPU has 10.71% 1-year volatility. There are 273 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | SEPU vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.33% | — | Apr 2025 | SEPU vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | SEPU vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | SEPU vs PMMY | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | SEPU vs MMAX |
Lowest Drawdown Alternatives to SEPU
SEPU has a 1-year max drawdown of -6.23%. There are 207 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 | SEPU vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | SEPU vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | SEPU vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | SEPU vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SEPU vs CPSM |
Other ETFs from Allianz
The 10 most viewed Allianz ETFs shown here include APRW, APRT, AIOO and span 2 categories. AUM among these funds goes as high as $346M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | Options Trading | 98 | 7.14% | 199.47M | May 2020 | SEPU vs APRW | |
| AllianzIM U.S. Large Cap Buffer10 Apr ETF | Options Trading | 97 | 10.93% | 46.00M | May 2020 | SEPU vs APRT | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | 93 | 2.41% | — | Jun 2025 | SEPU vs AIOO | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 86 | 5.74% | 320.64M | Sep 2020 | SEPU vs OCTW | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 5.93% | 8.45M | Jan 2024 | SEPU vs FLJJ | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 88 | 5.25% | 346.48M | Dec 2020 | SEPU vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 41 | 5.07% | — | Mar 2024 | SEPU vs ARLU | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 89 | 8.98% | 30.44M | Feb 2023 | SEPU vs MART | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 84 | 7.98% | 29.82M | Jul 2023 | SEPU vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Nov ETF | Options Trading | 74 | 8.04% | 29.64M | Oct 2022 | SEPU vs NVBT |
Often Compared With SEPU
Investors most often compare SEPU with ZMAY, IBIC, CAOS. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SEPU with Any Fund or Stock
Compare SEPU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SEPU with funds that move differently
AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SEPU.
Explore SEPU Diversifiers