AIOO vs. ARLU

Last updated Jun 24, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) are both exchange-traded funds - AIOO is a Defined Outcome fund actively managed by Allianz, while ARLU is a Options Trading fund actively managed by Allianz. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. AIOO charges 0.64%/yr vs 0.74%/yr for ARLU.

Performance

AIOO vs. ARLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIOO achieves a 2.13% return, which is significantly lower than ARLU's 4.03% return.

AIOO

• 1D: -0.13%
• 1M: 0.05%
• YTD: 2.13%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARLU

• 1D: -1.07%
• 1M: -1.12%
• YTD: 4.03%
• 6M: 3.19%
• 1Y: 16.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIOO vs. ARLU - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.13%	2.65%
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	4.03%	8.72%

Correlation

The correlation between AIOO and ARLU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.82

Return for Risk

AIOO vs. ARLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ARLU

ARLU Risk / Return Rank: 41
ARLU Sharpe Ratio Rank: 42
ARLU Sortino Ratio Rank: 40
ARLU Omega Ratio Rank: 41
ARLU Calmar Ratio Rank: 35
ARLU Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIOO vs. ARLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIOO	ARLU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.39	—
Sortino ratio: Return per unit of downside risk	—	1.92	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.66	—
Martin ratio: Return relative to average drawdown	—	7.26	—

Drawdowns

AIOO vs. ARLU - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum ARLU drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for AIOO and ARLU.

Drawdown Indicators

	AIOO	ARLU	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-15.38%	+14.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.66%	—
Current Drawdown Current decline from peak	-0.34%	-2.76%	+2.42%
Average Drawdown Average peak-to-trough decline	-0.18%	-2.23%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.21%	—

Volatility

Volatility by Period

	AIOO	ARLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	11.61%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	12.66%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	12.66%	-10.60%

AIOO vs. ARLU - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is lower than ARLU's 0.74% expense ratio.

Dividends

AIOO vs. ARLU - Dividend Comparison

Neither AIOO nor ARLU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIOO and ARLU in my portfolio?

AIOO and ARLU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIOO or ARLU?

On fees, AIOO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIOO or ARLU?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.74% for ARLU.

Which ETF pays a higher dividend yield, AIOO or ARLU?

AIOO and ARLU have nearly identical dividend yields, around 0.00%.

What is the main difference between AIOO and ARLU?

AIOO is categorized as Defined Outcome, while ARLU is Options Trading. Their fees differ too: 0.64% for AIOO and 0.74% for ARLU.