MARZ vs. AIOO
MARZ (TrueShares Structured Outcome (March) ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both Defined Outcome funds. MARZ is passively managed, while AIOO is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. MARZ charges 0.79%/yr vs 0.64%/yr for AIOO.
Performance
MARZ vs. AIOO - Performance Comparison
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Returns By Period
In the year-to-date period, MARZ achieves a 7.95% return, which is significantly higher than AIOO's 2.34% return.
MARZ
- 1D
- -0.48%
- 1M
- 4.18%
- YTD
- 7.95%
- 6M
- 7.73%
- 1Y
- 20.32%
- 3Y*
- 16.16%
- 5Y*
- 10.65%
- 10Y*
- —
AIOO
- 1D
- -0.13%
- 1M
- 1.13%
- YTD
- 2.34%
- 6M
- 2.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARZ vs. AIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MARZ TrueShares Structured Outcome (March) ETF | 7.95% | 8.29% |
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF | 2.34% | 2.67% |
Correlation
The correlation between MARZ and AIOO is 0.78, 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 2, 2025 | 0.78 |
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Return for Risk
MARZ vs. AIOO — Risk / Return Rank
MARZ
AIOO
MARZ vs. AIOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (March) ETF (MARZ) 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.
| MARZ | AIOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | — | — |
| Martin ratioReturn relative to average drawdown | 11.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MARZ | AIOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 2.79 | -1.85 |
Drawdowns
MARZ vs. AIOO - Drawdown Comparison
The maximum MARZ drawdown since its inception was -18.89%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for MARZ and AIOO.
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Drawdown Indicators
| MARZ | AIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -0.74% | -18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.13% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -0.17% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | — | — |
Volatility
MARZ vs. AIOO - Volatility Comparison
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Volatility by Period
| MARZ | AIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 1.99% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 1.99% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.20% | 1.99% | +10.21% |
MARZ vs. AIOO - Expense Ratio Comparison
MARZ has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.
Dividends
MARZ vs. AIOO - Dividend Comparison
MARZ's dividend yield for the trailing twelve months is around 3.06%, while AIOO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MARZ TrueShares Structured Outcome (March) ETF | 3.06% | 3.30% | 4.55% | 7.33% | 0.78% | 2.43% |
Frequently Asked Questions
MARZ and AIOO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIOO is cheaper with a 0.64% expense ratio, compared with 0.79% for MARZ.
MARZ has the higher dividend yield at 3.06%, compared with 0.00% for AIOO.
They also come from different issuers: TrueShares and Allianz. Their fees differ too: 0.79% for MARZ and 0.64% for AIOO.
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