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DMAX vs. AIOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

DMAX vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Max Buffer December ETF (DMAX) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with DMAX having a 2.34% return and AIOO slightly lower at 2.26%.


DMAX

1D
-0.02%
1M
0.22%
YTD
2.34%
6M
2.59%
1Y
8.23%
3Y*
5Y*
10Y*

AIOO

1D
-0.04%
1M
0.19%
YTD
2.26%
6M
2.30%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

DMAX vs. AIOO - Yearly Performance Comparison


Correlation

The correlation between DMAX and AIOO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 1, 2025

0.66

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Return for Risk

DMAX vs. AIOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMAX
DMAX Risk / Return Rank: 9595
Overall Rank
DMAX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
DMAX Sortino Ratio Rank: 9696
Sortino Ratio Rank
DMAX Omega Ratio Rank: 9696
Omega Ratio Rank
DMAX Calmar Ratio Rank: 9292
Calmar Ratio Rank
DMAX Martin Ratio Rank: 9595
Martin Ratio Rank

AIOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMAX vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Max Buffer December ETF (DMAX) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.


DMAXAIOODifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.76

Calmar ratioReturn relative to maximum drawdown

5.85

Martin ratioReturn relative to average drawdown

29.41

DMAX vs. AIOO - Sharpe Ratio Comparison


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Drawdowns

DMAX vs. AIOO - Drawdown Comparison

The maximum DMAX drawdown since its inception was -3.37%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for DMAX and AIOO.


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Drawdown Indicators


DMAXAIOODifference

Max Drawdown

Largest peak-to-trough decline

-3.37%

-0.74%

-2.63%

Max Drawdown (1Y)

Largest decline over 1 year

-1.41%

Current Drawdown

Current decline from peak

-0.24%

-0.21%

-0.03%

Average Drawdown

Average peak-to-trough decline

-0.38%

-0.18%

-0.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.28%

Volatility

DMAX vs. AIOO - Volatility Comparison


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Volatility by Period


DMAXAIOODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.64%

Volatility (6M)

Calculated over the trailing 6-month period

1.64%

Volatility (1Y)

Calculated over the trailing 1-year period

2.34%

2.06%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.38%

2.06%

+1.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.38%

2.06%

+1.32%

DMAX vs. AIOO - Expense Ratio Comparison

DMAX has a 0.50% expense ratio, which is lower than AIOO's 0.64% expense ratio.


Dividends

DMAX vs. AIOO - Dividend Comparison

DMAX's dividend yield for the trailing twelve months is around 1.15%, while AIOO has not paid dividends to shareholders.


Frequently Asked Questions


DMAX and AIOO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DMAX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DMAX is cheaper with a 0.50% expense ratio, compared with 0.64% for AIOO.

DMAX has the higher dividend yield at 1.15%, compared with 0.00% for AIOO.

They also come from different issuers: iShares and Allianz. Their fees differ too: 0.50% for DMAX and 0.64% for AIOO.

Portfolio Optimizer

Find the right allocation for DMAX and AIOO

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