AZAJ vs. AZBO
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Jan ETF (AZAJ) and AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO).
AZAJ and AZBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AZAJ is an actively managed fund by Allianz Investment Management LLC. It was launched on Jan 4, 2021. AZBO is a passively managed fund by Allianz Investment Management LLC that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AZAJ or AZBO.
Key characteristics
| AZAJ | AZBO | |
|---|---|---|
| YTD Return | 4.11% | 3.27% |
| 1Y Return | 19.76% | 15.05% |
| 3Y Return (Ann) | 6.63% | 8.30% |
| Sharpe Ratio | 2.20 | 3.85 |
| Daily Std Dev | 8.59% | 3.82% |
| Max Drawdown | -16.18% | -6.96% |
| Current Drawdown | -1.83% | -0.28% |
Correlation
The correlation between AZAJ and AZBO is 0.86, 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.
Performance
AZAJ vs. AZBO - Performance Comparison
In the year-to-date period, AZAJ achieves a 4.11% return, which is significantly higher than AZBO's 3.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AZAJ vs. AZBO - Expense Ratio Comparison
Both AZAJ and AZBO have an expense ratio of 0.74%.
Risk-Adjusted Performance
AZAJ vs. AZBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jan ETF (AZAJ) and AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO). 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.
Dividends
AZAJ vs. AZBO - Dividend Comparison
Neither AZAJ nor AZBO has paid dividends to shareholders.
Drawdowns
AZAJ vs. AZBO - Drawdown Comparison
The maximum AZAJ drawdown since its inception was -16.18%, which is greater than AZBO's maximum drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for AZAJ and AZBO. For additional features, visit the drawdowns tool.
Volatility
AZAJ vs. AZBO - Volatility Comparison
AllianzIM U.S. Large Cap Buffer10 Jan ETF (AZAJ) has a higher volatility of 2.27% compared to AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) at 0.98%. This indicates that AZAJ's price experiences larger fluctuations and is considered to be riskier than AZBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.