AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) 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 SPBU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPBU
SPBU charges 0.79% annually. There are 92 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 | SPBU vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | SPBU vs FBUF |
Best Risk-Adjusted Alternatives to SPBU
SPBU has a PortfoliosLab risk / return rank of 58. There are 206 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 | SPBU vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SPBU vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | SPBU vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | SPBU vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | SPBU vs XBAP |
Top Performing SPBU Alternatives (YTD)
SPBU is at 7.37% YTD. There are 68 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 | SPBU vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | SPBU vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | SPBU vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | SPBU vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | SPBU vs QB |
Lowest Volatility Alternatives to SPBU
SPBU has 10.09% 1-year volatility. There are 255 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 | SPBU vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | SPBU vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SPBU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | SPBU vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | SPBU vs MMAX |
Lowest Drawdown Alternatives to SPBU
SPBU has a 1-year max drawdown of -7.10%. There are 219 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 | SPBU vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SPBU vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | SPBU vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | SPBU vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPBU 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 | SPBU vs APRT | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | 93 | 2.42% | — | Jun 2025 | SPBU vs AIOO | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 84 | 5.36% | 312.23M | Sep 2020 | SPBU vs OCTW | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | Options Trading | 98 | 6.67% | 190.94M | May 2020 | SPBU vs APRW | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 5.87% | 8.48M | Jan 2024 | SPBU vs FLJJ | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 87 | 8.53% | 30.53M | Feb 2023 | SPBU vs MART | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 86 | 4.82% | 337.88M | Dec 2020 | SPBU vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 41 | 5.56% | — | Mar 2024 | SPBU vs ARLU | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 84 | 7.36% | 29.65M | Jul 2023 | SPBU vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Nov ETF | Options Trading | 73 | 7.89% | 29.85M | Oct 2022 | SPBU vs NVBT |
Often Compared With SPBU
Investors most often compare SPBU with IBID, PAPR, DBE. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SPBU with Any Fund or Stock
Compare SPBU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPBU with funds that move differently
AllianzIM Buffer15 Uncapped Allocation ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPBU.
Explore SPBU Diversifiers