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 92 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 | SPBW vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | SPBW vs JANB | |
| 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 91. There are 80 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 | 19.60M | 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 | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | SPBW vs XBAP |
Top Performing SPBW Alternatives (YTD)
SPBW is at 4.94% YTD. There are 169 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 | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | SPBW vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | SPBW vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | SPBW vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | SPBW vs QB |
Lowest Volatility Alternatives to SPBW
SPBW has 4.13% 1-year volatility. There are 78 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 | SPBW vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | SPBW vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SPBW vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | SPBW vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | SPBW vs MMAX |
Lowest Drawdown Alternatives to SPBW
SPBW has a 1-year max drawdown of -2.86%. There are 87 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% | 19.60M | 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 AllianzIM
The 7 most viewed AllianzIM ETFs shown here include NVBU, DECU, OCTU and span 2 categories. AUM among these funds goes as high as $85M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF | Defined Outcome | 65 | 6.63% | — | Oct 2024 | SPBW vs NVBU | |
| AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF | Defined Outcome | 57 | 6.80% | — | Nov 2024 | SPBW vs DECU | |
| AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF | Defined Outcome | 62 | 6.91% | — | Sep 2024 | SPBW vs OCTU | |
| AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF | Defined Outcome, S&P 500 | 58 | 7.11% | 84.56M | Dec 2024 | SPBW vs JANU | |
| AllianzIM International Equity Buffer15 Uncapped J... | Defined Outcome | — | — | 22.44M | Jan 2026 | SPBW vs JANI | |
| AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF | Defined Outcome | 53 | 6.96% | — | Feb 2025 | SPBW vs MARU | |
| AllianzIM U.S. Equity Buffer15 ETF | Defined Outcome | 94 | 3.01% | — | Jun 2025 | SPBW vs QBSF |
Often Compared With SPBW
Investors most often compare SPBW with PQJA, PMSE, PMJL. These 20 comparison targets span 6 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