AZAL vs. STIP
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Jul ETF (AZAL) and iShares 0-5 Year TIPS Bond ETF (STIP).
AZAL and STIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AZAL is an actively managed fund by Allianz Investment Management LLC. It was launched on Jun 30, 2020. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AZAL or STIP.
Key characteristics
| AZAL | STIP | |
|---|---|---|
| YTD Return | 5.16% | 1.21% |
| 1Y Return | 22.09% | 3.04% |
| 3Y Return (Ann) | 8.50% | 1.95% |
| Sharpe Ratio | 2.35 | 1.23 |
| Daily Std Dev | 8.74% | 2.48% |
| Max Drawdown | -11.50% | -5.50% |
| Current Drawdown | -1.46% | 0.00% |
Correlation
The correlation between AZAL and STIP is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AZAL vs. STIP - Performance Comparison
In the year-to-date period, AZAL achieves a 5.16% return, which is significantly higher than STIP's 1.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AZAL vs. STIP - Expense Ratio Comparison
AZAL has a 0.74% expense ratio, which is higher than STIP's 0.06% expense ratio.
Risk-Adjusted Performance
AZAL vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jul ETF (AZAL) and iShares 0-5 Year TIPS Bond ETF (STIP). 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
AZAL vs. STIP - Dividend Comparison
AZAL has not paid dividends to shareholders, while STIP's dividend yield for the trailing twelve months is around 2.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZAL AllianzIM U.S. Large Cap Buffer10 Jul ETF | 0.00% | 0.00% | 0.00% | 0.00% | 3.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.80% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% | 0.74% | 0.31% |
Drawdowns
AZAL vs. STIP - Drawdown Comparison
The maximum AZAL drawdown since its inception was -11.50%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for AZAL and STIP. For additional features, visit the drawdowns tool.
Volatility
AZAL vs. STIP - Volatility Comparison
AllianzIM U.S. Large Cap Buffer10 Jul ETF (AZAL) has a higher volatility of 2.47% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.65%. This indicates that AZAL's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.