FEBW vs. IVVB
FEBW (Allianzim U.S. Large Cap Buffer20 Feb ETF) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, FEBW returned 13.16% vs 13.57% for IVVB. Their correlation of 0.85 suggests significant overlap in exposure. FEBW charges 0.74%/yr vs 0.50%/yr for IVVB.
Performance
FEBW vs. IVVB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FEBW having a 4.48% return and IVVB slightly lower at 4.29%.
FEBW
- 1D
- -0.12%
- 1M
- 0.34%
- YTD
- 4.48%
- 6M
- 4.67%
- 1Y
- 13.16%
- 3Y*
- 10.76%
- 5Y*
- —
- 10Y*
- —
IVVB
- 1D
- -0.24%
- 1M
- 0.03%
- YTD
- 4.29%
- 6M
- 3.84%
- 1Y
- 13.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEBW vs. IVVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FEBW Allianzim U.S. Large Cap Buffer20 Feb ETF | 4.48% | 9.63% | 11.37% | 5.84% |
IVVB iShares Large Cap Deep Buffer ETF | 4.29% | 9.60% | 18.66% | 2.64% |
Correlation
The correlation between FEBW and IVVB is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.85 |
The correlation between FEBW and IVVB has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEBW vs. IVVB — Risk / Return Rank
FEBW
IVVB
FEBW vs. IVVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer20 Feb ETF (FEBW) and iShares Large Cap Deep Buffer ETF (IVVB). 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.
| FEBW | IVVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.35 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.37 | +0.94 |
| Martin ratioReturn relative to average drawdown | 17.02 | 10.10 | +6.92 |
Loading charts...
Drawdowns
FEBW vs. IVVB - Drawdown Comparison
The maximum FEBW drawdown since its inception was -8.82%, smaller than the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for FEBW and IVVB.
Loading charts...
Drawdown Indicators
| FEBW | IVVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.82% | -13.08% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -5.75% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -8.82% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.42% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -1.59% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.35% | -0.58% |
Volatility
FEBW vs. IVVB - Volatility Comparison
The current volatility for Allianzim U.S. Large Cap Buffer20 Feb ETF (FEBW) is 1.41%, while iShares Large Cap Deep Buffer ETF (IVVB) has a volatility of 1.68%. This indicates that FEBW experiences smaller price fluctuations and is considered to be less risky than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEBW | IVVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.68% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 5.49% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 7.39% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 9.25% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 9.25% | -2.95% |
FEBW vs. IVVB - Expense Ratio Comparison
FEBW has a 0.74% expense ratio, which is higher than IVVB's 0.50% expense ratio.
Dividends
FEBW vs. IVVB - Dividend Comparison
FEBW has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FEBW Allianzim U.S. Large Cap Buffer20 Feb ETF | 0.00% | 0.00% | 0.14% |
IVVB iShares Large Cap Deep Buffer ETF | 1.17% | 1.22% | 0.87% |
Frequently Asked Questions
FEBW and IVVB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVB has higher volatility (1.68%) compared to FEBW (1.41%). In terms of maximum drawdown, FEBW dropped -8.82% vs IVVB's -13.08%.
On 1-year performance, IVVB leads with 13.57% vs 13.16% for FEBW. On fees, IVVB is cheaper at 0.50% per year. On volatility, FEBW has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVB has performed better with a 13.57% return vs 13.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB is cheaper with a 0.50% expense ratio, compared with 0.74% for FEBW.
IVVB has the higher dividend yield at 1.17%, compared with 0.00% for FEBW.
They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for FEBW and 0.50% for IVVB.
FEBW currently has the higher Sharpe Ratio (2.73 vs 1.85), 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.
Find the right allocation for FEBW and IVVB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer