MAYU vs. MART

Last updated Jun 4, 2026

MAYU (AllianzIM U.S. Equity Buffer15 Uncapped May ETF) and MART (Allianzim U.S. Large Cap Buffer10 Mar ETF) are both exchange-traded funds - MAYU is a Defined Outcome fund actively managed by Allianz, while MART is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, MAYU returned 22.67% vs 20.10% for MART. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

MAYU vs. MART - 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 Buffer10 Mar ETF (MART). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYU achieves a 9.35% return, which is significantly higher than MART's 8.40% return.

MAYU

• 1D: -0.50%
• 1M: 4.16%
• YTD: 9.35%
• 6M: 8.87%
• 1Y: 22.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MART

• 1D: 0.20%
• 1M: 2.41%
• YTD: 8.40%
• 6M: 9.36%
• 1Y: 20.10%
• 3Y*: 16.48%
• 5Y*: —
• 10Y*: —

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

MAYU vs. MART - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAYU AllianzIM U.S. Equity Buffer15 Uncapped May ETF	9.35%	10.89%	13.68%
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	8.40%	14.93%	13.42%

Correlation

The correlation between MAYU and MART is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.95

The correlation between MAYU and MART has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

MAYU vs. MART — Risk / Return Rank

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

MAYU

MAYU Risk / Return Rank: 60
MAYU Sharpe Ratio Rank: 63
MAYU Sortino Ratio Rank: 62
MAYU Omega Ratio Rank: 62
MAYU Calmar Ratio Rank: 52
MAYU Martin Ratio Rank: 63

MART

MART Risk / Return Rank: 87
MART Sharpe Ratio Rank: 87
MART Sortino Ratio Rank: 91
MART Omega Ratio Rank: 91
MART Calmar Ratio Rank: 76
MART Martin Ratio Rank: 91

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. MART - 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 Buffer10 Mar ETF (MART). 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	MART	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.86	-0.81
Sortino ratio: Return per unit of downside risk	2.86	4.20	-1.34
Omega ratio: Gain probability vs. loss probability	1.37	1.59	-0.22
Calmar ratio: Return relative to maximum drawdown	2.49	3.81	-1.31
Martin ratio: Return relative to average drawdown	11.19	21.39	-10.20
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. MART - Sharpe Ratio Comparison

The current MAYU Sharpe Ratio is 2.05, which is comparable to the MART Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of MAYU and MART, 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	MART	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.86	-0.81
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.80	-0.51

Drawdowns

MAYU vs. MART - Drawdown Comparison

The maximum MAYU drawdown since its inception was -15.37%, which is greater than MART's maximum drawdown of -11.61%. Use the drawdown chart below to compare losses from any high point for MAYU and MART.

Drawdown Indicators

	MAYU	MART	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-11.61%	-3.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-5.30%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.61%	—
Current Drawdown Current decline from peak	-0.50%	-0.13%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.29%	-0.90%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.94%	+1.09%

Volatility

MAYU vs. MART - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped May ETF (MAYU) has a higher volatility of 2.35% compared to Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) at 1.28%. This indicates that MAYU's price experiences larger fluctuations and is considered to be riskier than MART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYU	MART	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	1.28%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	5.60%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	7.06%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.94%	9.68%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.94%	9.68%	+3.26%

MAYU vs. MART - Expense Ratio Comparison

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

Dividends

MAYU vs. MART - Dividend Comparison

Neither MAYU nor MART has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MAYU and MART in my portfolio?

With a correlation of 0.96, MAYU and MART 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 MART?

MAYU has higher volatility (2.35%) compared to MART (1.28%). In terms of maximum drawdown, MAYU dropped -15.37% vs MART's -11.61%.

Which ETF is better, MAYU or MART?

On 1-year performance, MAYU leads with 22.67% vs 20.10% for MART. Both ETFs have the same 0.74% expense ratio. On volatility, MART has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYU or MART?

Over the 1-year period, MAYU has performed better with a 22.67% return vs 20.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYU or MART?

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

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

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

What is the main difference between MAYU and MART?

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

Which has better risk-adjusted returns?

MART currently has the higher Sharpe Ratio (2.86 vs 2.05), 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.