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