AZAO vs. AZBO
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Oct ETF (AZAO) and AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO).
AZAO and AZBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AZAO 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. 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. Both AZAO and AZBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AZAO or AZBO.
Correlation
The correlation between AZAO and AZBO is 0.90, 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
AZAO vs. AZBO - Performance Comparison
Key characteristics
AZAO:
2.12
AZBO:
2.45
AZAO:
2.94
AZBO:
3.45
AZAO:
1.47
AZBO:
1.57
AZAO:
4.93
AZBO:
6.06
AZAO:
19.47
AZBO:
25.77
AZAO:
0.65%
AZBO:
0.35%
AZAO:
5.92%
AZBO:
3.69%
AZAO:
-13.49%
AZBO:
-6.96%
AZAO:
0.00%
AZBO:
0.00%
Returns By Period
In the year-to-date period, AZAO achieves a 2.86% return, which is significantly higher than AZBO's 1.91% return.
AZAO
2.86%
1.43%
5.53%
11.91%
N/A
N/A
AZBO
1.91%
0.90%
4.05%
8.62%
N/A
N/A
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AZAO vs. AZBO - Expense Ratio Comparison
Both AZAO and AZBO have an expense ratio of 0.74%.
Risk-Adjusted Performance
AZAO vs. AZBO — Risk-Adjusted Performance Rank
AZAO
AZBO
AZAO vs. AZBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Oct ETF (AZAO) 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
AZAO vs. AZBO - Dividend Comparison
Neither AZAO nor AZBO has paid dividends to shareholders.
Drawdowns
AZAO vs. AZBO - Drawdown Comparison
The maximum AZAO drawdown since its inception was -13.49%, which is greater than AZBO's maximum drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for AZAO and AZBO. For additional features, visit the drawdowns tool.
Volatility
AZAO vs. AZBO - Volatility Comparison
AllianzIM U.S. Large Cap Buffer10 Oct ETF (AZAO) has a higher volatility of 1.95% compared to AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) at 1.26%. This indicates that AZAO'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.