ARLU vs. AIOO

Last updated Jun 24, 2026

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

Performance

ARLU vs. AIOO - Performance Comparison

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

Returns By Period

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

ARLU

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

AIOO

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

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

ARLU vs. AIOO - Yearly Performance Comparison

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

Correlation

The correlation between ARLU and AIOO 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

ARLU vs. AIOO — Risk / Return Rank

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

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

AIOO

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

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.

ARLU vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	ARLU	AIOO	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

ARLU vs. AIOO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	ARLU	AIOO	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	11.61%	2.06%	+9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	2.06%	+10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.66%	2.06%	+10.60%

ARLU vs. AIOO - Expense Ratio Comparison

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

Dividends

ARLU vs. AIOO - Dividend Comparison

Neither ARLU nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARLU and AIOO in my portfolio?

ARLU and AIOO 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, ARLU or AIOO?

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, ARLU or AIOO?

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

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

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

What is the main difference between ARLU and AIOO?

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