ARLU vs. AUGT

Last updated Jun 23, 2026

ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) and AUGT (AllianzIM U.S. Large Cap Buffer10 Aug ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past year, ARLU returned 18.18% vs 19.45% for AUGT. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.74% expense ratio.

Performance

ARLU vs. AUGT - 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. Large Cap Buffer10 Aug ETF (AUGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARLU achieves a 5.16% return, which is significantly lower than AUGT's 6.48% return.

ARLU

• 1D: -0.40%
• 1M: -0.05%
• YTD: 5.16%
• 6M: 4.76%
• 1Y: 18.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUGT

• 1D: 0.05%
• 1M: 0.73%
• YTD: 6.48%
• 6M: 6.33%
• 1Y: 19.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARLU vs. AUGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	5.16%	11.27%	8.80%
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	6.48%	14.64%	11.14%

Correlation

The correlation between ARLU and AUGT is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.96

The correlation between ARLU and AUGT has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

ARLU vs. AUGT — Risk / Return Rank

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

ARLU

ARLU Risk / Return Rank: 45
ARLU Sharpe Ratio Rank: 47
ARLU Sortino Ratio Rank: 44
ARLU Omega Ratio Rank: 46
ARLU Calmar Ratio Rank: 39
ARLU Martin Ratio Rank: 50

AUGT

AUGT Risk / Return Rank: 85
AUGT Sharpe Ratio Rank: 85
AUGT Sortino Ratio Rank: 87
AUGT Omega Ratio Rank: 88
AUGT Calmar Ratio Rank: 74
AUGT Martin Ratio Rank: 89

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. AUGT - 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. Large Cap Buffer10 Aug ETF (AUGT). 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	AUGT	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.63	-1.05
Sortino ratio: Return per unit of downside risk	2.16	3.76	-1.60
Omega ratio: Gain probability vs. loss probability	1.29	1.53	-0.24
Calmar ratio: Return relative to maximum drawdown	1.89	3.64	-1.75
Martin ratio: Return relative to average drawdown	8.27	18.87	-10.60

ARLU vs. AUGT - Sharpe Ratio Comparison

The current ARLU Sharpe Ratio is 1.58, which is lower than the AUGT Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of ARLU and AUGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARLU vs. AUGT - Drawdown Comparison

The maximum ARLU drawdown since its inception was -15.38%, which is greater than AUGT's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for ARLU and AUGT.

Drawdown Indicators

	ARLU	AUGT	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-13.12%	-2.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-5.36%	-4.30%
Current Drawdown Current decline from peak	-1.70%	-0.09%	-1.61%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.22%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.03%	+1.17%

Volatility

ARLU vs. AUGT - Volatility Comparison

Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a higher volatility of 3.79% compared to AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) at 1.59%. This indicates that ARLU's price experiences larger fluctuations and is considered to be riskier than AUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARLU	AUGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	1.59%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	5.60%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	7.43%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.64%	10.14%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.64%	10.14%	+2.50%

ARLU vs. AUGT - Expense Ratio Comparison

Both ARLU and AUGT have an expense ratio of 0.74%.

Dividends

ARLU vs. AUGT - Dividend Comparison

Neither ARLU nor AUGT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARLU and AUGT in my portfolio?

With a correlation of 0.96, ARLU and AUGT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ARLU or AUGT?

ARLU has higher volatility (3.79%) compared to AUGT (1.59%). In terms of maximum drawdown, ARLU dropped -15.38% vs AUGT's -13.12%.

Which ETF is better, ARLU or AUGT?

On 1-year performance, AUGT leads with 19.45% vs 18.18% for ARLU. Both ETFs have the same 0.74% expense ratio. On volatility, AUGT has been the lower-risk option at 1.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARLU or AUGT?

Over the 1-year period, AUGT has performed better with a 19.45% return vs 18.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARLU or AUGT?

ARLU and AUGT have the same expense ratio: 0.74% per year.

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

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

Which has better risk-adjusted returns?

AUGT currently has the higher Sharpe Ratio (2.63 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.