DECT vs. AUGT

Last updated Aug 2, 2026

DECT (Allianzim U.S. Large Cap Buffer10 Dec ETF) and AUGT (AllianzIM U.S. Large Cap Buffer10 Aug ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past 3 years, DECT returned 12.59%/yr vs 15.48%/yr for AUGT. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.74% expense ratio.

Performance

DECT vs. AUGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) and AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DECT having a 7.67% return and AUGT slightly higher at 7.98%.

DECT

• 1D: 0.56%
• 1M: 0.68%
• 6M: 6.76%
• YTD: 7.67%
• 1Y: 17.76%
• 3Y*: 12.59%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.39%

AUGT

• 1D: 0.07%
• 1M: 1.00%
• 6M: 7.01%
• YTD: 7.98%
• 1Y: 15.48%
• 3Y*: 15.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	$226.85K	$120.21K	$180.29K
DECT Allianzim U.S. Large Cap Buffer10 Dec ETF	$328.94K	$302.52K	$385.62K

DECT vs. AUGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DECT Allianzim U.S. Large Cap Buffer10 Dec ETF	7.67%	15.04%	11.86%	2.75%
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	7.98%	14.64%	19.69%	3.82%

Correlation

The correlation between DECT and AUGT is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.94

The correlation between DECT and AUGT has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

DECT vs. AUGT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DECT

DECT Risk / Return Rank: 80
DECT Sharpe Ratio Rank: 79
DECT Sortino Ratio Rank: 79
DECT Omega Ratio Rank: 81
DECT Calmar Ratio Rank: 76
DECT Martin Ratio Rank: 86

AUGT

AUGT Risk / Return Rank: 84
AUGT Sharpe Ratio Rank: 84
AUGT Sortino Ratio Rank: 85
AUGT Omega Ratio Rank: 87
AUGT Calmar Ratio Rank: 75
AUGT Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DECT vs. AUGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) and AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DECT	AUGT	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.97	-0.15
Sortino ratio: Return per unit of downside risk	2.58	2.82	-0.24
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	2.70	2.66	+0.04
Martin ratio: Return relative to average drawdown	12.47	13.81	-1.34

DECT vs. AUGT - Sharpe Ratio Comparison

The current DECT Sharpe Ratio is 1.82, which is comparable to the AUGT Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of DECT and AUGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DECT vs. AUGT - Drawdown Comparison

The maximum DECT drawdown since its inception was -13.26%, roughly equal to the maximum AUGT drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for DECT and AUGT.

Drawdown Indicators

	DECT	AUGT	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-13.12%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.11%	-5.36%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	-13.12%	-0.14%
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-1.40%	-1.18%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	1.03%	+0.29%

Volatility

DECT vs. AUGT - Volatility Comparison

Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) has a higher volatility of 2.35% compared to AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) at 0.95%. This indicates that DECT's price experiences larger fluctuations and is considered to be riskier than AUGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECT	AUGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	0.95%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	5.41%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.06%	7.22%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.17%	9.97%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.17%	9.97%	+0.20%

DECT vs. AUGT - Expense Ratio Comparison

Both DECT and AUGT have an expense ratio of 0.74%.

Dividends

DECT vs. AUGT - Dividend Comparison

Neither DECT nor AUGT has paid dividends to shareholders.

Position	TTM	2025	2024
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	0.00%	0.00%	0.00%
DECT Allianzim U.S. Large Cap Buffer10 Dec ETF	0.00%	0.00%	0.43%

Frequently Asked Questions

Can I hold both DECT and AUGT in my portfolio?

With a correlation of 0.96, DECT and AUGT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DECT or AUGT?

DECT has higher volatility (2.35%) compared to AUGT (0.95%). In terms of maximum drawdown, DECT dropped -13.26% vs AUGT's -13.12%.

Which ETF is better, DECT or AUGT?

On 3-year performance, AUGT leads with 15.48% vs 12.59% for DECT. Both ETFs have the same 0.74% expense ratio. On volatility, AUGT has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECT or AUGT?

Over the 3-year period, AUGT has performed better with a 15.48% return vs 12.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECT or AUGT?

DECT and AUGT have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, DECT or AUGT?

DECT and AUGT have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

AUGT currently has the higher Sharpe Ratio (1.97 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.