AUGT vs. SPBU

Last updated Jun 25, 2026

AUGT (AllianzIM U.S. Large Cap Buffer10 Aug ETF) and SPBU (AllianzIM Buffer15 Uncapped Allocation ETF) are both exchange-traded funds - AUGT is a Options Trading fund actively managed by Allianz, while SPBU is a Defined Outcome fund actively managed by Allianz. Both are actively managed. Over the past year, AUGT returned 16.72% vs 16.23% for SPBU. Their correlation of 0.94 suggests significant overlap in exposure. AUGT charges 0.74%/yr vs 0.79%/yr for SPBU.

Performance

AUGT vs. SPBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) and AllianzIM Buffer15 Uncapped Allocation ETF (SPBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AUGT having a 5.89% return and SPBU slightly lower at 5.83%.

AUGT

• 1D: -0.09%
• 1M: 0.17%
• YTD: 5.89%
• 6M: 5.39%
• 1Y: 16.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPBU

• 1D: -0.10%
• 1M: -1.39%
• YTD: 5.83%
• 6M: 4.67%
• 1Y: 16.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGT vs. SPBU - Yearly Performance Comparison

	2026 (YTD)	2025
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	5.89%	14.48%
SPBU AllianzIM Buffer15 Uncapped Allocation ETF	5.83%	13.01%

Correlation

The correlation between AUGT and SPBU is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.94

The correlation between AUGT and SPBU has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

AUGT vs. SPBU — Risk / Return Rank

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

AUGT

AUGT Risk / Return Rank: 82
AUGT Sharpe Ratio Rank: 81
AUGT Sortino Ratio Rank: 83
AUGT Omega Ratio Rank: 85
AUGT Calmar Ratio Rank: 71
AUGT Martin Ratio Rank: 87

SPBU

SPBU Risk / Return Rank: 56
SPBU Sharpe Ratio Rank: 55
SPBU Sortino Ratio Rank: 56
SPBU Omega Ratio Rank: 53
SPBU Calmar Ratio Rank: 53
SPBU Martin Ratio Rank: 61

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.

AUGT vs. SPBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) and AllianzIM Buffer15 Uncapped Allocation ETF (SPBU). 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.

	AUGT	SPBU	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.63	+0.66
Sortino ratio: Return per unit of downside risk	3.26	2.33	+0.94
Omega ratio: Gain probability vs. loss probability	1.45	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	3.13	2.30	+0.83
Martin ratio: Return relative to average drawdown	16.20	9.57	+6.63

AUGT vs. SPBU - Sharpe Ratio Comparison

The current AUGT Sharpe Ratio is 2.29, which is higher than the SPBU Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of AUGT and SPBU, 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

AUGT vs. SPBU - Drawdown Comparison

The maximum AUGT drawdown since its inception was -13.12%, which is greater than SPBU's maximum drawdown of -8.61%. Use the drawdown chart below to compare losses from any high point for AUGT and SPBU.

Drawdown Indicators

	AUGT	SPBU	Difference
Max Drawdown Largest peak-to-trough decline	-13.12%	-8.61%	-4.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.36%	-7.10%	+1.74%
Current Drawdown Current decline from peak	-0.64%	-2.87%	+2.23%
Average Drawdown Average peak-to-trough decline	-1.22%	-1.32%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	1.70%	-0.67%

Volatility

AUGT vs. SPBU - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) is 1.67%, while AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) has a volatility of 3.96%. This indicates that AUGT experiences smaller price fluctuations and is considered to be less risky than SPBU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGT	SPBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	3.96%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	5.59%	7.71%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	7.40%	10.03%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.13%	11.86%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.13%	11.86%	-1.73%

AUGT vs. SPBU - Expense Ratio Comparison

AUGT has a 0.74% expense ratio, which is lower than SPBU's 0.79% expense ratio.

Dividends

AUGT vs. SPBU - Dividend Comparison

Neither AUGT nor SPBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGT and SPBU in my portfolio?

With a correlation of 0.93, AUGT and SPBU 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, AUGT or SPBU?

SPBU has higher volatility (3.96%) compared to AUGT (1.67%). In terms of maximum drawdown, AUGT dropped -13.12% vs SPBU's -8.61%.

Which ETF is better, AUGT or SPBU?

On 1-year performance, AUGT leads with 16.72% vs 16.23% for SPBU. On fees, AUGT is cheaper at 0.74% per year. On volatility, AUGT has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGT or SPBU?

Over the 1-year period, AUGT has performed better with a 16.72% return vs 16.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGT or SPBU?

AUGT is cheaper with a 0.74% expense ratio, compared with 0.79% for SPBU.

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

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

What is the main difference between AUGT and SPBU?

AUGT is categorized as Options Trading, while SPBU is Defined Outcome. Their fees differ too: 0.74% for AUGT and 0.79% for SPBU.

Which has better risk-adjusted returns?

AUGT currently has the higher Sharpe Ratio (2.29 vs 1.63), 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.