MAYT vs. VOO

Last updated Jun 5, 2026

MAYT (AllianzIM U.S. Large Cap Buffer10 May ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - MAYT is a Options Trading fund actively managed by Allianz, while VOO is a S&P 500 fund tracking the S&P 500 Index. MAYT is actively managed, while VOO is passively managed. Over the past 3 years, MAYT returned 15.30%/yr vs 22.68%/yr for VOO. Their correlation of 0.94 suggests significant overlap in exposure. MAYT charges 0.74%/yr vs 0.03%/yr for VOO.

Performance

MAYT vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYT achieves a 5.91% return, which is significantly lower than VOO's 11.34% return.

MAYT

• 1D: 0.20%
• 1M: 2.54%
• YTD: 5.91%
• 6M: 6.80%
• 1Y: 14.80%
• 3Y*: 15.30%
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.39%
• 1M: 4.62%
• YTD: 11.34%
• 6M: 11.27%
• 1Y: 28.62%
• 3Y*: 22.68%
• 5Y*: 13.98%
• 10Y*: 15.55%

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

MAYT vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAYT AllianzIM U.S. Large Cap Buffer10 May ETF	5.91%	11.29%	18.36%	11.98%
VOO Vanguard S&P 500 ETF	11.34%	17.82%	24.98%	15.77%

Correlation

The correlation between MAYT and VOO is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 2, 2023	0.94

The correlation between MAYT and VOO has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

MAYT vs. VOO - Sectors Allocation Comparison

Sectors	MAYT	VOO
Technology	36.2%	35.7%
Financial Services	11.9%	11.6%
Communication Services	10.9%	11.3%
Consumer Cyclical	10.1%	10.2%
Healthcare	8.4%	8.5%
Industrials	8.1%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

MAYT vs. VOO — Risk / Return Rank

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

MAYT

MAYT Risk / Return Rank: 93
MAYT Sharpe Ratio Rank: 89
MAYT Sortino Ratio Rank: 93
MAYT Omega Ratio Rank: 94
MAYT Calmar Ratio Rank: 90
MAYT Martin Ratio Rank: 96

VOO

VOO Risk / Return Rank: 74
VOO Sharpe Ratio Rank: 76
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 75
VOO Calmar Ratio Rank: 66
VOO Martin Ratio Rank: 78

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.

MAYT vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) and Vanguard S&P 500 ETF (VOO). 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.

	MAYT	VOO	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.44	+0.57
Sortino ratio: Return per unit of downside risk	4.61	3.31	+1.30
Omega ratio: Gain probability vs. loss probability	1.67	1.44	+0.23
Calmar ratio: Return relative to maximum drawdown	5.63	3.23	+2.40
Martin ratio: Return relative to average drawdown	34.03	15.03	+19.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYT vs. VOO - Sharpe Ratio Comparison

The current MAYT Sharpe Ratio is 3.01, which is comparable to the VOO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of MAYT and VOO, 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

	MAYT	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.01	2.44	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.89	+0.82

Drawdowns

MAYT vs. VOO - Drawdown Comparison

The maximum MAYT drawdown since its inception was -11.99%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MAYT and VOO.

Drawdown Indicators

	MAYT	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-11.99%	-33.99%	+22.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-8.90%	+6.26%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-18.69%	+6.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.08%	-0.32%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.81%	-3.69%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	1.91%	-1.47%

Volatility

MAYT vs. VOO - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) is 1.48%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.78%. This indicates that MAYT experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYT	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	2.78%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	8.90%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.94%	11.80%	-6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.11%	16.81%	-7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.11%	18.00%	-8.89%

MAYT vs. VOO - Expense Ratio Comparison

MAYT has a 0.74% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

MAYT vs. VOO - Dividend Comparison

MAYT has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAYT AllianzIM U.S. Large Cap Buffer10 May ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both MAYT and VOO in my portfolio?

With a correlation of 0.91, MAYT and VOO 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, MAYT or VOO?

VOO has higher volatility (2.78%) compared to MAYT (1.48%). In terms of maximum drawdown, MAYT dropped -11.99% vs VOO's -33.99%.

Which ETF is better, MAYT or VOO?

On 3-year performance, VOO leads with 22.68% vs 15.30% for MAYT. On fees, VOO is cheaper at 0.03% per year. On volatility, MAYT has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYT or VOO?

Over the 3-year period, VOO has performed better with a 22.68% return vs 15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYT or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.74% for MAYT.

Which ETF pays a higher dividend yield, MAYT or VOO?

VOO has the higher dividend yield at 1.02%, compared with 0.00% for MAYT.

What is the main difference between MAYT and VOO?

MAYT is categorized as Options Trading, while VOO is S&P 500. They also come from different issuers: Allianz and Vanguard. Their fees differ too: 0.74% for MAYT and 0.03% for VOO.

Which has better risk-adjusted returns?

MAYT currently has the higher Sharpe Ratio (3.01 vs 2.44), 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.