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.
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.
Performance
AZBO vs. BALT - Performance Comparison
Key characteristics
AZBO:
0.46
BALT:
1.61
AZBO:
0.74
BALT:
2.39
AZBO:
1.13
BALT:
1.42
AZBO:
0.46
BALT:
1.63
AZBO:
2.09
BALT:
8.18
AZBO:
1.83%
BALT:
0.97%
AZBO:
7.81%
BALT:
4.97%
AZBO:
-8.38%
BALT:
-4.89%
AZBO:
-2.84%
BALT:
-0.99%
Returns By Period
In the year-to-date period, AZBO achieves a -0.86% return, which is significantly lower than BALT's 0.49% return.
AZBO
-0.86%
6.05%
-0.82%
3.54%
N/A
N/A
BALT
0.49%
4.10%
1.23%
7.95%
N/A
N/A
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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 Rank
AZBO
BALT
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 -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. For additional features, visit the drawdowns tool.
Volatility
AZBO vs. BALT - Volatility Comparison
AllianzIM U.S. Large Cap Buffer20 Oct ETF (AZBO) has a higher volatility of 5.04% compared to Innovator Defined Wealth Shield ETF (BALT) at 3.18%. 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.