AllianzIM Buffer20 Allocation ETF (SPBW) 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 SPBW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPBW
SPBW charges 0.79% annually. There are 94 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 | SPBW vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | SPBW vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | SPBW vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | SPBW vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | SPBW vs FBUF |
Best Risk-Adjusted Alternatives to SPBW
SPBW has a PortfoliosLab risk / return rank of 92. There are 83 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 | SPBW vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | SPBW vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | SPBW vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | SPBW vs ZAPR | |
| Calamos Russell 2000 Structured Alt Protection ETF... | 98 | 13.20M | Apr 2025 | SPBW vs CPRA |
Top Performing SPBW Alternatives (YTD)
SPBW is at 5.34% YTD. There are 168 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 | SPBW vs NVDO | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.87M | Jun 2025 | SPBW vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.73% | — | Jan 2025 | SPBW vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.09% | 214.27M | Mar 2020 | SPBW vs KAPR | |
| Innovator U.S. Equity Buffer ETF - April | 11.91% | 403.09M | Mar 2019 | SPBW vs BAPR |
Lowest Volatility Alternatives to SPBW
SPBW has 4.20% 1-year volatility. There are 78 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 | SPBW vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.33% | — | Apr 2025 | SPBW vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | SPBW vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | SPBW vs PMMY | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | SPBW vs MMAX |
Lowest Drawdown Alternatives to SPBW
SPBW has a 1-year max drawdown of -2.86%. There are 85 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 | SPBW vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | SPBW vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | SPBW vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | SPBW vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPBW 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 | SPBW vs APRW | |
| AllianzIM U.S. Large Cap Buffer10 Apr ETF | Options Trading | 97 | 10.93% | 46.00M | May 2020 | SPBW vs APRT | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | Defined Outcome | 93 | 2.41% | — | Jun 2025 | SPBW vs AIOO | |
| AllianzIM U.S. Equity Buffer20 Oct ETF | Defined Outcome | 86 | 5.74% | 320.64M | Sep 2020 | SPBW vs OCTW | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | Options Trading | 89 | 5.93% | 8.45M | Jan 2024 | SPBW vs FLJJ | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | Options Trading | 88 | 5.25% | 346.48M | Dec 2020 | SPBW vs JANW | |
| Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | Options Trading | 41 | 5.07% | — | Mar 2024 | SPBW vs ARLU | |
| Allianzim U.S. Large Cap Buffer10 Mar ETF | Options Trading | 89 | 8.98% | 30.44M | Feb 2023 | SPBW vs MART | |
| AllianzIM U.S. Large Cap Buffer10 Aug ETF | Options Trading | 84 | 7.98% | 29.82M | Jul 2023 | SPBW vs AUGT | |
| Allianzim U.S. Large Cap Buffer10 Nov ETF | Options Trading | 74 | 8.04% | 29.64M | Oct 2022 | SPBW vs NVBT |
Often Compared With SPBW
Investors most often compare SPBW with PQJA, DECU, MARU. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SPBW with Any Fund or Stock
Compare SPBW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPBW with funds that move differently
AllianzIM Buffer20 Allocation ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPBW.
Explore SPBW Diversifiers