AZBO vs. BALT
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.
Key characteristics
| AZBO | BALT | |
|---|---|---|
| YTD Return | 6.83% | 7.09% |
| 1Y Return | 12.89% | 8.45% |
| 3Y Return (Ann) | 9.15% | 5.85% |
| Sharpe Ratio | 3.50 | 2.82 |
| Daily Std Dev | 3.68% | 3.18% |
| Max Drawdown | -6.96% | -2.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between AZBO and BALT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AZBO vs. BALT - Performance Comparison
The year-to-date returns for both investments are quite close, with AZBO having a 6.83% return and BALT slightly higher at 7.09%. 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.
AZBO vs. BALT - Expense Ratio Comparison
AZBO has a 0.74% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
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.
Dividends
AZBO vs. BALT - Dividend Comparison
Neither AZBO nor BALT has paid dividends to shareholders.
Drawdowns
AZBO vs. BALT - Drawdown Comparison
The maximum AZBO drawdown since its inception was -6.96%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for AZBO and BALT. For additional features, visit the drawdowns tool.
Volatility
AZBO vs. BALT - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) is 0.24%, while Innovator Defined Wealth Shield ETF (BALT) has a volatility of 1.22%. This indicates that AZBO experiences smaller price fluctuations and is considered to be less risky than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.