MAYW vs. JULT

Last updated Jun 4, 2026

MAYW (AllianzIM U.S. Large Cap Buffer20 May ETF) and JULT (AllianzIM U.S. Large Cap Buffer10 Jul ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past 3 years, MAYW returned 10.99%/yr vs 16.09%/yr for JULT. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

MAYW vs. JULT - 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. Large Cap Buffer10 Jul ETF (JULT). 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 lower than JULT's 5.89% return.

MAYW

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

JULT

• 1D: -0.04%
• 1M: 1.84%
• YTD: 5.89%
• 6M: 6.68%
• 1Y: 18.21%
• 3Y*: 16.09%
• 5Y*: 11.35%
• 10Y*: —

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

MAYW vs. JULT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	3.65%	10.24%	12.08%	8.18%
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	5.89%	13.73%	17.43%	13.46%

Correlation

The correlation between MAYW and JULT is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 2, 2023	0.86

The correlation between MAYW and JULT has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

MAYW vs. JULT - Sectors Allocation Comparison

Sectors	MAYW	JULT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

MAYW vs. JULT — 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

JULT

JULT Risk / Return Rank: 81
JULT Sharpe Ratio Rank: 79
JULT Sortino Ratio Rank: 83
JULT Omega Ratio Rank: 85
JULT Calmar Ratio Rank: 71
JULT Martin Ratio Rank: 87

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. JULT - 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. Large Cap Buffer10 Jul ETF (JULT). 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	JULT	Difference
Sharpe ratio: Return per unit of total volatility	3.29	2.53	+0.76
Sortino ratio: Return per unit of downside risk	5.12	3.70	+1.42
Omega ratio: Gain probability vs. loss probability	1.72	1.52	+0.20
Calmar ratio: Return relative to maximum drawdown	6.95	3.50	+3.45
Martin ratio: Return relative to average drawdown	36.77	18.80	+17.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAYW vs. JULT - Sharpe Ratio Comparison

The current MAYW Sharpe Ratio is 3.29, which is comparable to the JULT Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of MAYW and JULT, 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

	MAYW	JULT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	2.53	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.16	+0.55

Drawdowns

MAYW vs. JULT - Drawdown Comparison

The maximum MAYW drawdown since its inception was -7.93%, smaller than the maximum JULT drawdown of -13.57%. Use the drawdown chart below to compare losses from any high point for MAYW and JULT.

Drawdown Indicators

	MAYW	JULT	Difference
Max Drawdown Largest peak-to-trough decline	-7.93%	-13.57%	+5.64%
Max Drawdown (1Y) Largest decline over 1 year	-1.40%	-5.22%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-7.93%	-13.57%	+5.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.57%	—
Current Drawdown Current decline from peak	-0.27%	-0.04%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.41%	-1.78%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.97%	-0.71%

Volatility

MAYW vs. JULT - Volatility Comparison

AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) has a higher volatility of 1.03% compared to AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) at 0.63%. This indicates that MAYW's price experiences larger fluctuations and is considered to be riskier than JULT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYW	JULT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	0.63%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	5.25%	-3.05%
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	7.25%	-4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	11.00%	-4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	10.49%	-3.96%

MAYW vs. JULT - Expense Ratio Comparison

Both MAYW and JULT have an expense ratio of 0.74%.

Dividends

MAYW vs. JULT - Dividend Comparison

Neither MAYW nor JULT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.86%
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYW and JULT in my portfolio?

MAYW and JULT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYW or JULT?

MAYW has higher volatility (1.03%) compared to JULT (0.63%). In terms of maximum drawdown, MAYW dropped -7.93% vs JULT's -13.57%.

Which ETF is better, MAYW or JULT?

On 3-year performance, JULT leads with 16.09% vs 10.99% for MAYW. Both ETFs have the same 0.74% expense ratio. On volatility, JULT has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYW or JULT?

Over the 3-year period, JULT has performed better with a 16.09% return vs 10.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYW or JULT?

MAYW and JULT have the same expense ratio: 0.74% per year.

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

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

Which has better risk-adjusted returns?

MAYW currently has the higher Sharpe Ratio (3.29 vs 2.53), 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.