FEBT vs. AIOO

Last updated Jun 24, 2026

FEBT (Allianzim U.S. Large Cap Buffer10 Feb ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both exchange-traded funds - FEBT is a Options Trading fund actively managed by Allianz, while AIOO is a Defined Outcome fund actively managed by Allianz. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. FEBT charges 0.74%/yr vs 0.64%/yr for AIOO.

Performance

FEBT vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBT achieves a 6.90% return, which is significantly higher than AIOO's 2.13% return.

FEBT

• 1D: -0.60%
• 1M: -0.24%
• YTD: 6.90%
• 6M: 6.53%
• 1Y: 18.40%
• 3Y*: 15.49%
• 5Y*: —
• 10Y*: —

AIOO

• 1D: -0.13%
• 1M: 0.05%
• YTD: 2.13%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEBT vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	6.90%	8.54%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.13%	2.65%

Correlation

The correlation between FEBT and AIOO is 0.77, 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	0.77

Return for Risk

FEBT vs. AIOO — Risk / Return Rank

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

FEBT

FEBT Risk / Return Rank: 79
FEBT Sharpe Ratio Rank: 81
FEBT Sortino Ratio Rank: 83
FEBT Omega Ratio Rank: 83
FEBT Calmar Ratio Rank: 66
FEBT Martin Ratio Rank: 82

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.

FEBT vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Feb ETF (FEBT) 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.

	FEBT	AIOO	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.39	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	15.28	—	—

Drawdowns

FEBT vs. AIOO - Drawdown Comparison

The maximum FEBT drawdown since its inception was -13.19%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for FEBT and AIOO.

Drawdown Indicators

	FEBT	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-13.19%	-0.74%	-12.45%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	—	—
Current Drawdown Current decline from peak	-1.26%	-0.34%	-0.92%
Average Drawdown Average peak-to-trough decline	-1.17%	-0.18%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	—	—

Volatility

Volatility by Period

	FEBT	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.84%	2.06%	+5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.76%	2.06%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	2.06%	+7.70%

FEBT vs. AIOO - Expense Ratio Comparison

FEBT has a 0.74% expense ratio, which is higher than AIOO's 0.64% expense ratio.

Dividends

FEBT vs. AIOO - Dividend Comparison

Neither FEBT nor AIOO has paid dividends to shareholders.

Position	TTM	2025	2024
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%
FEBT Allianzim U.S. Large Cap Buffer10 Feb ETF	0.00%	0.00%	0.28%

Frequently Asked Questions

Can I hold both FEBT and AIOO in my portfolio?

FEBT and AIOO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEBT or AIOO?

On fees, AIOO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEBT or AIOO?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.74% for FEBT.

Which ETF pays a higher dividend yield, FEBT or AIOO?

FEBT and AIOO have nearly identical dividend yields, around 0.00%.

What is the main difference between FEBT and AIOO?

FEBT is categorized as Options Trading, while AIOO is Defined Outcome. Their fees differ too: 0.74% for FEBT and 0.64% for AIOO.