MAYW vs. AIOO

Last updated Jun 4, 2026

MAYW (AllianzIM U.S. Large Cap Buffer20 May ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both exchange-traded funds - MAYW is a Options Trading fund actively managed by Allianz, while AIOO is a Defined Outcome fund actively managed by Allianz. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. MAYW charges 0.74%/yr vs 0.64%/yr for AIOO.

Performance

MAYW vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAYW achieves a 3.65% return, which is significantly higher than AIOO's 2.34% return.

MAYW

• 1D: -0.23%
• 1M: 1.61%
• YTD: 3.65%
• 6M: 4.37%
• 1Y: 9.70%
• 3Y*: 10.99%
• 5Y*: —
• 10Y*: —

AIOO

• 1D: -0.13%
• 1M: 1.13%
• YTD: 2.34%
• 6M: 2.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAYW vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	3.65%	4.50%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.34%	2.67%

Correlation

The correlation between MAYW and AIOO is 0.60, 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	0.60

Return for Risk

MAYW vs. AIOO — Risk / Return Rank

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

MAYW

MAYW Risk / Return Rank: 94
MAYW Sharpe Ratio Rank: 92
MAYW Sortino Ratio Rank: 95
MAYW Omega Ratio Rank: 95
MAYW Calmar Ratio Rank: 93
MAYW Martin Ratio Rank: 96

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.

MAYW vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) 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.

	MAYW	AIOO	Difference
Sharpe ratio: Return per unit of total volatility	3.29	—	—
Sortino ratio: Return per unit of downside risk	5.12	—	—
Omega ratio: Gain probability vs. loss probability	1.72	—	—
Calmar ratio: Return relative to maximum drawdown	6.95	—	—
Martin ratio: Return relative to average drawdown	36.77	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MAYW	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	2.79	-1.07

Drawdowns

MAYW vs. AIOO - Drawdown Comparison

The maximum MAYW drawdown since its inception was -7.93%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for MAYW and AIOO.

Drawdown Indicators

	MAYW	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-0.74%	-7.19%
Max Drawdown (1Y) Largest decline over 1 year	-1.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.93%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.13%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.41%	-0.17%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	—	—

Volatility

Volatility by Period

	MAYW	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	1.99%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	1.99%	+4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	1.99%	+4.54%

MAYW vs. AIOO - Expense Ratio Comparison

MAYW has a 0.74% expense ratio, which is higher than AIOO's 0.64% expense ratio.

Dividends

MAYW vs. AIOO - Dividend Comparison

Neither MAYW nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MAYW and AIOO in my portfolio?

MAYW and AIOO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAYW or AIOO?

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.

Which ETF is cheaper, MAYW or AIOO?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.74% for MAYW.

Which ETF pays a higher dividend yield, MAYW or AIOO?

MAYW and AIOO have nearly identical dividend yields, around 0.00%.

What is the main difference between MAYW and AIOO?

MAYW is categorized as Options Trading, while AIOO is Defined Outcome. Their fees differ too: 0.74% for MAYW and 0.64% for AIOO.