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AZBO vs. BALT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AZBO and BALT is 0.78, 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.

AZBO vs. BALT

Last updated May 31, 2025

Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) and Innovator Defined Wealth Shield ETF (BALT).

AZBO and BALT 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. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AZBO or BALT.

Performance

AZBO vs. BALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) and Innovator Defined Wealth Shield ETF (BALT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AZBO:

0.65

BALT:

1.71

Sortino Ratio

AZBO:

0.95

BALT:

2.36

Omega Ratio

AZBO:

1.16

BALT:

1.41

Calmar Ratio

AZBO:

0.60

BALT:

1.60

Martin Ratio

AZBO:

2.72

BALT:

8.03

Ulcer Index

AZBO:

1.85%

BALT:

0.98%

Daily Std Dev

AZBO:

8.00%

BALT:

4.96%

Max Drawdown

AZBO:

-8.38%

BALT:

-4.89%

Current Drawdown

AZBO:

-0.77%

BALT:

-0.03%

Returns By Period

In the year-to-date period, AZBO achieves a 1.25% return, which is significantly lower than BALT's 1.46% return.

AZBO

YTD

1.25%

1M

2.63%

6M

0.70%

1Y

5.20%

3Y*

10.25%

5Y*

N/A

10Y*

N/A

BALT

YTD

1.46%

1M

1.53%

6M

1.59%

1Y

8.44%

3Y*

7.36%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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AllianzIM U.S. Large Cap Buffer20 Oct ETF

Innovator Defined Wealth Shield ETF

AZBO vs. BALT - Expense Ratio Comparison

AZBO has a 0.74% expense ratio, which is higher than BALT's 0.69% expense ratio.

AZBO
AllianzIM U.S. Large Cap Buffer20 Oct ETF
BALT
Innovator Defined Wealth Shield ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AZBO vs. BALT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AZBO
The Risk-Adjusted Performance Rank of AZBO is 6161
Overall Rank
The Sharpe Ratio Rank of AZBO is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of AZBO is 5555
Sortino Ratio Rank
The Omega Ratio Rank of AZBO is 6969
Omega Ratio Rank
The Calmar Ratio Rank of AZBO is 6060
Calmar Ratio Rank
The Martin Ratio Rank of AZBO is 6666
Martin Ratio Rank
BALT
The Risk-Adjusted Performance Rank of BALT is 9191
Overall Rank
The Sharpe Ratio Rank of BALT is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of BALT is 9191
Sortino Ratio Rank
The Omega Ratio Rank of BALT is 9494
Omega Ratio Rank
The Calmar Ratio Rank of BALT is 8989
Calmar Ratio Rank
The Martin Ratio Rank of BALT is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AZBO vs. BALT - 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 Innovator Defined Wealth Shield ETF (BALT). 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.

The current AZBO Sharpe Ratio is 0.65, which is lower than the BALT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of AZBO and BALT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

AZBO vs. BALT - Dividend Comparison

Neither AZBO nor BALT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AZBO vs. BALT - Drawdown Comparison

The maximum AZBO drawdown since its inception was -8.38%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for AZBO and BALT.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AZBO vs. BALT - Volatility Comparison

AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) has a higher volatility of 1.92% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.74%. This indicates that AZBO's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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