MAYU vs. JULW

Last updated Jun 5, 2026

MAYU (AllianzIM U.S. Equity Buffer15 Uncapped May ETF) and JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) are both exchange-traded funds - MAYU is a Defined Outcome fund actively managed by Allianz, while JULW is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, MAYU returned 23.15% vs 12.90% for JULW. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

MAYU vs. JULW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYU achieves a 9.68% return, which is significantly higher than JULW's 3.89% return.

MAYU

• 1D: 0.31%
• 1M: 3.72%
• YTD: 9.68%
• 6M: 9.49%
• 1Y: 23.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULW

• 1D: 0.05%
• 1M: 0.89%
• YTD: 3.89%
• 6M: 4.58%
• 1Y: 12.90%
• 3Y*: 11.73%
• 5Y*: 8.99%
• 10Y*: —

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

MAYU vs. JULW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAYU AllianzIM U.S. Equity Buffer15 Uncapped May ETF	9.68%	10.89%	13.68%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	3.89%	11.57%	8.12%

Correlation

The correlation between MAYU and JULW is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.92

The correlation between MAYU and JULW has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

MAYU vs. JULW — Risk / Return Rank

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

MAYU

MAYU Risk / Return Rank: 61
MAYU Sharpe Ratio Rank: 64
MAYU Sortino Ratio Rank: 64
MAYU Omega Ratio Rank: 63
MAYU Calmar Ratio Rank: 52
MAYU Martin Ratio Rank: 64

JULW

JULW Risk / Return Rank: 89
JULW Sharpe Ratio Rank: 86
JULW Sortino Ratio Rank: 92
JULW Omega Ratio Rank: 92
JULW Calmar Ratio Rank: 83
JULW Martin Ratio Rank: 93

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.

MAYU vs. JULW - 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 AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). 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.

	MAYU	JULW	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.79	-0.69
Sortino ratio: Return per unit of downside risk	2.91	4.36	-1.44
Omega ratio: Gain probability vs. loss probability	1.38	1.61	-0.24
Calmar ratio: Return relative to maximum drawdown	2.55	4.37	-1.83
Martin ratio: Return relative to average drawdown	11.43	24.60	-13.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYU vs. JULW - Sharpe Ratio Comparison

The current MAYU Sharpe Ratio is 2.10, which is comparable to the JULW Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of MAYU and JULW, 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

	MAYU	JULW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.79	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.39	-0.09

Drawdowns

MAYU vs. JULW - Drawdown Comparison

The maximum MAYU drawdown since its inception was -15.37%, which is greater than JULW's maximum drawdown of -9.49%. Use the drawdown chart below to compare losses from any high point for MAYU and JULW.

Drawdown Indicators

	MAYU	JULW	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-9.49%	-5.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-2.96%	-6.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.49%	—
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-2.28%	-0.91%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.53%	+1.50%

Volatility

MAYU vs. JULW - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) has a higher volatility of 2.29% compared to AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) at 0.27%. This indicates that MAYU's price experiences larger fluctuations and is considered to be riskier than JULW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYU	JULW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	0.27%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	3.23%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	11.10%	4.65%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	6.88%	+6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.92%	6.54%	+6.38%

MAYU vs. JULW - Expense Ratio Comparison

Both MAYU and JULW have an expense ratio of 0.74%.

Dividends

MAYU vs. JULW - Dividend Comparison

Neither MAYU nor JULW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.04%
MAYU AllianzIM U.S. Equity Buffer15 Uncapped May ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYU and JULW in my portfolio?

With a correlation of 0.92, MAYU and JULW 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, MAYU or JULW?

MAYU has higher volatility (2.29%) compared to JULW (0.27%). In terms of maximum drawdown, MAYU dropped -15.37% vs JULW's -9.49%.

Which ETF is better, MAYU or JULW?

On 1-year performance, MAYU leads with 23.15% vs 12.90% for JULW. Both ETFs have the same 0.74% expense ratio. On volatility, JULW has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYU or JULW?

Over the 1-year period, MAYU has performed better with a 23.15% return vs 12.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYU or JULW?

MAYU and JULW have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, MAYU or JULW?

MAYU and JULW have nearly identical dividend yields, around 0.00%.

What is the main difference between MAYU and JULW?

MAYU is categorized as Defined Outcome, while JULW is Options Trading.

Which has better risk-adjusted returns?

JULW currently has the higher Sharpe Ratio (2.79 vs 2.10), 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.