FEBU vs. MART

Last updated Jun 4, 2026

FEBU (AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF) and MART (Allianzim U.S. Large Cap Buffer10 Mar ETF) are both exchange-traded funds - FEBU is a Defined Outcome fund actively managed by Allianz, while MART is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, FEBU returned 19.90% vs 19.86% for MART. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

FEBU vs. MART - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and Allianzim U.S. Large Cap Buffer10 Mar ETF (MART). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FEBU having a 8.26% return and MART slightly lower at 8.18%.

FEBU

• 1D: -0.52%
• 1M: 4.11%
• YTD: 8.26%
• 6M: 7.92%
• 1Y: 19.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MART

• 1D: -0.24%
• 1M: 2.60%
• YTD: 8.18%
• 6M: 9.29%
• 1Y: 19.86%
• 3Y*: 16.35%
• 5Y*: —
• 10Y*: —

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

FEBU vs. MART - Yearly Performance Comparison

	2026 (YTD)	2025
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	8.26%	10.43%
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	8.18%	12.96%

Correlation

The correlation between FEBU and MART is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.95

The correlation between FEBU and MART has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

FEBU vs. MART — Risk / Return Rank

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

FEBU

FEBU Risk / Return Rank: 67
FEBU Sharpe Ratio Rank: 66
FEBU Sortino Ratio Rank: 65
FEBU Omega Ratio Rank: 65
FEBU Calmar Ratio Rank: 68
FEBU Martin Ratio Rank: 70

MART

MART Risk / Return Rank: 86
MART Sharpe Ratio Rank: 85
MART Sortino Ratio Rank: 90
MART Omega Ratio Rank: 90
MART Calmar Ratio Rank: 75
MART Martin Ratio Rank: 90

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.

FEBU vs. MART - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and Allianzim U.S. Large Cap Buffer10 Mar ETF (MART). 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.

	FEBU	MART	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.82	-0.69
Sortino ratio: Return per unit of downside risk	2.96	4.16	-1.20
Omega ratio: Gain probability vs. loss probability	1.39	1.59	-0.20
Calmar ratio: Return relative to maximum drawdown	3.34	3.76	-0.42
Martin ratio: Return relative to average drawdown	12.90	21.14	-8.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEBU vs. MART - Sharpe Ratio Comparison

The current FEBU Sharpe Ratio is 2.14, which is comparable to the MART Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of FEBU and MART, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEBU	MART	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.82	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	1.79	-0.53

Drawdowns

FEBU vs. MART - Drawdown Comparison

The maximum FEBU drawdown since its inception was -11.73%, roughly equal to the maximum MART drawdown of -11.61%. Use the drawdown chart below to compare losses from any high point for FEBU and MART.

Drawdown Indicators

	FEBU	MART	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-11.61%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-5.30%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.61%	—
Current Drawdown Current decline from peak	-0.52%	-0.33%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.89%	-0.90%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	0.94%	+0.61%

Volatility

FEBU vs. MART - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) has a higher volatility of 2.53% compared to Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) at 1.31%. This indicates that FEBU's price experiences larger fluctuations and is considered to be riskier than MART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBU	MART	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	1.31%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	6.85%	5.60%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	7.07%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.47%	9.69%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.47%	9.69%	+1.78%

FEBU vs. MART - Expense Ratio Comparison

Both FEBU and MART have an expense ratio of 0.74%.

Dividends

FEBU vs. MART - Dividend Comparison

Neither FEBU nor MART has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FEBU and MART in my portfolio?

With a correlation of 0.95, FEBU and MART 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, FEBU or MART?

FEBU has higher volatility (2.53%) compared to MART (1.31%). In terms of maximum drawdown, FEBU dropped -11.73% vs MART's -11.61%.

Which ETF is better, FEBU or MART?

On 1-year performance, FEBU leads with 19.90% vs 19.86% for MART. Both ETFs have the same 0.74% expense ratio. On volatility, MART has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEBU or MART?

Over the 1-year period, FEBU has performed better with a 19.90% return vs 19.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEBU or MART?

FEBU and MART have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, FEBU or MART?

FEBU and MART have nearly identical dividend yields, around 0.00%.

What is the main difference between FEBU and MART?

FEBU is categorized as Defined Outcome, while MART is Options Trading.

Which has better risk-adjusted returns?

MART currently has the higher Sharpe Ratio (2.82 vs 2.14), 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.