AIOO vs. AUGZ

Last updated Jun 3, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and AUGZ (TrueShares Structured Outcome (August) ETF) are both Defined Outcome funds. AIOO is actively managed, while AUGZ is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. AIOO charges 0.64%/yr vs 0.79%/yr for AUGZ.

Performance

AIOO vs. AUGZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and TrueShares Structured Outcome (August) ETF (AUGZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIOO achieves a 2.48% return, which is significantly lower than AUGZ's 8.87% return.

AIOO

• 1D: 0.04%
• 1M: 1.11%
• YTD: 2.48%
• 6M: 2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUGZ

• 1D: 0.09%
• 1M: 4.52%
• YTD: 8.87%
• 6M: 9.10%
• 1Y: 22.14%
• 3Y*: 16.59%
• 5Y*: 11.12%
• 10Y*: —

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

AIOO vs. AUGZ - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.48%	2.67%
AUGZ TrueShares Structured Outcome (August) ETF	8.87%	8.29%

Correlation

The correlation between AIOO and AUGZ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 2, 2025	0.79

Return for Risk

AIOO vs. AUGZ — Risk / Return Rank

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

AUGZ

AUGZ Risk / Return Rank: 68
AUGZ Sharpe Ratio Rank: 70
AUGZ Sortino Ratio Rank: 70
AUGZ Omega Ratio Rank: 70
AUGZ Calmar Ratio Rank: 61
AUGZ Martin Ratio Rank: 70

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. AUGZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and TrueShares Structured Outcome (August) ETF (AUGZ). 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.

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

Sharpe Ratios by Period

	AIOO	AUGZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	1.09	+1.79

Drawdowns

AIOO vs. AUGZ - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum AUGZ drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for AIOO and AUGZ.

Drawdown Indicators

	AIOO	AUGZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-15.67%	+14.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.67%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.17%	-3.12%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	AIOO	AUGZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	9.48%	-7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	11.96%	-9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.98%	12.10%	-10.12%

AIOO vs. AUGZ - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is lower than AUGZ's 0.79% expense ratio.

Dividends

AIOO vs. AUGZ - Dividend Comparison

AIOO has not paid dividends to shareholders, while AUGZ's dividend yield for the trailing twelve months is around 3.33%.

Position	TTM	2025	2024	2023	2022
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%	0.00%
AUGZ TrueShares Structured Outcome (August) ETF	3.33%	3.63%	4.08%	3.42%	0.41%

Frequently Asked Questions

Can I hold both AIOO and AUGZ in my portfolio?

AIOO and AUGZ have a correlation of 0.79, 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 AUGZ?

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 AUGZ?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.79% for AUGZ.

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

AUGZ has the higher dividend yield at 3.33%, compared with 0.00% for AIOO.

What is the main difference between AIOO and AUGZ?

They also come from different issuers: Allianz and TrueShares. Their fees differ too: 0.64% for AIOO and 0.79% for AUGZ.