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 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | SPBU vs OCTB | |
| 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 68. There are 176 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 | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | SPBU vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | SPBU vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | SPBU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | SPBU vs CPSP |
Top Performing SPBU Alternatives (YTD)
SPBU is at 8.95% YTD. There are 33 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 21.85% | — | Aug 2025 | SPBU vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.28% | — | Mar 2025 | SPBU vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.16% | 557.94M | Mar 2021 | SPBU vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | SPBU vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | SPBU vs UXJA |
Lowest Volatility Alternatives to SPBU
SPBU has 9.44% 1-year volatility. There are 243 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | SPBU vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | SPBU vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | SPBU vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | SPBU vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | SPBU vs CPSP |
Lowest Drawdown Alternatives to SPBU
SPBU has a 1-year max drawdown of -7.10%. There are 197 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | SPBU vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | SPBU vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | SPBU vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | SPBU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | SPBU vs CPSP |
Other ETFs from Allianz
The 10 most viewed Allianz ETFs shown here include APRT, OCTW, AIOO and span 2 categories. AUM among these funds goes as high as $529M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AllianzIM U.S. Large Cap Buffer10 Apr ETF | Options Trading | 97 | 10.11% | 48.05M | May 2020 | SPBU vs APRT | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 82 | 4.77% | 529.42M | Sep 2020 | SPBU vs OCTW | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | — | 2.48% | — | Jun 2025 | SPBU vs AIOO | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 86 | 4.51% | 347.47M | Dec 2020 | SPBU vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 52 | 6.98% | — | Mar 2024 | SPBU vs ARLU | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 82 | 6.35% | 29.34M | Jul 2023 | SPBU vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 87 | 8.44% | 30.36M | Feb 2023 | SPBU vs MART | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 4.98% | 8.40M | Jan 2024 | SPBU vs FLJJ | |
| Allianzim U.S. Large Cap Buffer10 Feb ETF | Options Trading | 82 | 8.27% | 163.30M | Feb 2023 | SPBU vs FEBT | |
| AllianzIM U.S. Large Cap Buffer10 May ETF | Options Trading | 93 | 5.99% | 228.32M | Apr 2023 | SPBU vs MAYT |
Often Compared With SPBU
Investors most often compare SPBU with IBID, EAPR, KFEB. 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