AIOO vs. JULB

Last updated Jun 3, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. AIOO charges 0.64%/yr vs 0.25%/yr for JULB.

Performance

AIOO vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Aptus July Buffer ETF (JULB). 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 JULB's 6.42% return.

AIOO

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

JULB

• 1D: 0.02%
• 1M: 2.27%
• YTD: 6.42%
• 6M: 7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIOO vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.48%	0.66%
JULB Aptus July Buffer ETF	6.42%	2.56%

Correlation

The correlation between AIOO and JULB is 0.74, 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 Oct 15, 2025	0.74

Return for Risk

AIOO vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Aptus July Buffer ETF (JULB). 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	JULB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.88	2.20	+0.68

Drawdowns

AIOO vs. JULB - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for AIOO and JULB.

Drawdown Indicators

	AIOO	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-5.24%	+4.50%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.88%	+0.71%

Volatility

Volatility by Period

	AIOO	JULB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	6.83%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	6.83%	-4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.98%	6.83%	-4.85%

AIOO vs. JULB - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

AIOO vs. JULB - Dividend Comparison

Neither AIOO nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIOO and JULB in my portfolio?

AIOO and JULB have a correlation of 0.74, 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 JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIOO or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.64% for AIOO.

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

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

What is the main difference between AIOO and JULB?

They also come from different issuers: Allianz and Aptus Capital Advisors. Their fees differ too: 0.64% for AIOO and 0.25% for JULB.