MAYU vs. IEO
MAYU (AllianzIM U.S. Equity Buffer15 Uncapped May ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - MAYU is a Defined Outcome fund actively managed by Allianz, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. MAYU is actively managed, while IEO is passively managed. Over the past year, MAYU returned 18.93% vs 43.17% for IEO. Their 0.09 correlation means their historical movements had little consistent relationship. MAYU charges 0.74%/yr vs 0.38%/yr for IEO.
Performance
MAYU vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, MAYU achieves a 11.03% return, which is significantly lower than IEO's 39.03% return.
MAYU
- 1D
- 1.56%
- 1M
- 2.85%
- 6M
- 10.10%
- YTD
- 11.03%
- 1Y
- 18.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.97%
IEO
- 1D
- -0.91%
- 1M
- 11.27%
- 6M
- 25.75%
- YTD
- 39.03%
- 1Y
- 43.17%
- 3Y*
- 11.67%
- 5Y*
- 23.01%
- 10Y*
- 10.64%
- ALL TIME*
- 6.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.72M | $7.71M | $8.53M | |
| $190.95K | $168.06K | $454.97K |
MAYU vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAYU AllianzIM U.S. Equity Buffer15 Uncapped May ETF | 11.03% | 10.89% | 13.50% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 39.03% | 2.15% | -12.48% |
Correlation
The correlation between MAYU and IEO is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 1, 2024 | 0.09 |
The correlation between MAYU and IEO shifts across timeframes, from -0.16 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAYU vs. IEO — Risk / Return Rank
MAYU
IEO
MAYU vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
| MAYU | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.66 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.74 | 6.64 | +2.10 |
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Drawdowns
MAYU vs. IEO - Drawdown Comparison
The maximum MAYU drawdown since its inception was -15.37%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for MAYU and IEO.
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Drawdown Indicators
| MAYU | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.37% | -79.17% | +63.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -16.32% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.24% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -26.13% | +23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 6.52% | -4.35% |
Volatility
MAYU vs. IEO - Volatility Comparison
The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) is 3.37%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 7.87%. This indicates that MAYU experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAYU | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 7.87% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 20.37% | -10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 25.76% | -13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 30.22% | -17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.94% | 34.91% | -21.97% |
MAYU vs. IEO - Expense Ratio Comparison
MAYU has a 0.74% expense ratio, which is higher than IEO's 0.38% expense ratio.
Dividends
MAYU vs. IEO - Dividend Comparison
MAYU has not paid dividends to shareholders, while IEO's dividend yield for the trailing twelve months is around 1.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.90% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
MAYU AllianzIM U.S. Equity Buffer15 Uncapped 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% |
Frequently Asked Questions
MAYU and IEO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEO has higher volatility (7.87%) compared to MAYU (3.37%). In terms of maximum drawdown, MAYU dropped -15.37% vs IEO's -79.17%.
On 1-year performance, IEO leads with 43.17% vs 18.93% for MAYU. On fees, IEO is cheaper at 0.38% per year. On volatility, MAYU has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEO has performed better with a 43.17% return vs 18.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEO is cheaper with a 0.38% expense ratio, compared with 0.74% for MAYU.
IEO has the higher dividend yield at 1.90%, compared with 0.00% for MAYU.
MAYU is categorized as Defined Outcome, while IEO is Energy Equities. They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for MAYU and 0.38% for IEO.
IEO currently has the higher Sharpe Ratio (1.68 vs 1.60), 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.
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