Correlation
The correlation between ARLU and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ARLU vs. SPY
Compare and contrast key facts about Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and SPDR S&P 500 ETF (SPY).
ARLU and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARLU is an actively managed fund by Allianz. It was launched on Mar 28, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARLU or SPY.
Performance
ARLU vs. SPY - Performance Comparison
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Key characteristics
ARLU:
0.53
SPY:
0.70
ARLU:
0.75
SPY:
1.02
ARLU:
1.10
SPY:
1.15
ARLU:
0.45
SPY:
0.68
ARLU:
1.46
SPY:
2.57
ARLU:
4.70%
SPY:
4.93%
ARLU:
14.43%
SPY:
20.42%
ARLU:
-15.38%
SPY:
-55.19%
ARLU:
-5.36%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ARLU achieves a -1.53% return, which is significantly lower than SPY's 0.87% return.
ARLU
-1.53%
4.30%
-4.21%
7.56%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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ARLU vs. SPY - Expense Ratio Comparison
ARLU has a 0.74% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ARLU vs. SPY — Risk-Adjusted Performance Rank
ARLU
SPY
ARLU vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
ARLU vs. SPY - Dividend Comparison
ARLU has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ARLU vs. SPY - Drawdown Comparison
The maximum ARLU drawdown since its inception was -15.38%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARLU and SPY.
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Volatility
ARLU vs. SPY - Volatility Comparison
The current volatility for Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) is 3.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that ARLU experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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