AIOO vs. TRSY

Last updated Jun 24, 2026

AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - AIOO is a Defined Outcome fund actively managed by Allianz, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. AIOO is actively managed, while TRSY is passively managed. At a correlation of -0.06, they often move in opposite directions. AIOO charges 0.64%/yr vs 0.06%/yr for TRSY.

Performance

AIOO vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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 higher than TRSY's 1.63% return.

AIOO

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

TRSY

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.72%
• 1Y: 3.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIOO vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.13%	2.65%
TRSY Xtrackers US 0-1 Year Treasury ETF	1.63%	2.13%

Correlation

The correlation between AIOO and TRSY is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	-0.06

Return for Risk

AIOO vs. TRSY — 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.

TRSY

TRSY Risk / Return Rank: 99
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 99
TRSY Omega Ratio Rank: 99
TRSY Calmar Ratio Rank: 99
TRSY Martin Ratio Rank: 100

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. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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	TRSY	Difference
Sharpe ratio: Return per unit of total volatility	—	10.07	—
Sortino ratio: Return per unit of downside risk	—	25.97	—
Omega ratio: Gain probability vs. loss probability	—	6.16	—
Calmar ratio: Return relative to maximum drawdown	—	58.82	—
Martin ratio: Return relative to average drawdown	—	353.48	—

Drawdowns

AIOO vs. TRSY - Drawdown Comparison

The maximum AIOO drawdown since its inception was -0.74%, smaller than the maximum TRSY drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for AIOO and TRSY.

Drawdown Indicators

	AIOO	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-0.82%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Current Drawdown Current decline from peak	-0.34%	-0.02%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.06%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	AIOO	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	0.39%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	1.10%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	1.10%	+0.96%

AIOO vs. TRSY - Expense Ratio Comparison

AIOO has a 0.64% expense ratio, which is higher than TRSY's 0.06% expense ratio.

Dividends

AIOO vs. TRSY - Dividend Comparison

AIOO has not paid dividends to shareholders, while TRSY's dividend yield for the trailing twelve months is around 3.72%.

Position	TTM	2025	2024
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.72%	4.00%	0.96%

Frequently Asked Questions

Can I hold both AIOO and TRSY in my portfolio?

AIOO and TRSY have a correlation of -0.06, 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 TRSY?

On fees, TRSY is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIOO or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.64% for AIOO.

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

TRSY has the higher dividend yield at 3.72%, compared with 0.00% for AIOO.

What is the main difference between AIOO and TRSY?

AIOO is categorized as Defined Outcome, while TRSY is Government Bonds. They also come from different issuers: Allianz and Xtrackers. Their fees differ too: 0.64% for AIOO and 0.06% for TRSY.