NVBT vs. AIOO

Last updated Apr 1, 2026

Compare and contrast key facts about Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

NVBT and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVBT is an actively managed fund by Allianz. It was launched on Oct 31, 2022. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

NVBT vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

NVBT vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
NVBT Allianzim U.S. Large Cap Buffer10 Nov ETF	-2.85%	7.38%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.01%	2.67%

Returns By Period

In the year-to-date period, NVBT achieves a -2.85% return, which is significantly lower than AIOO's 0.01% return.

NVBT

• 1D: 2.13%
• 1M: -3.36%
• YTD: -2.85%
• 6M: -0.95%
• 1Y: 12.30%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —

AIOO

• 1D: 0.08%
• 1M: -0.25%
• YTD: 0.01%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVBT vs. AIOO - Expense Ratio Comparison

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

NVBT

Allianzim U.S. Large Cap Buffer10 Nov ETF

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

NVBT vs. AIOO — Risk / Return Rank

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

NVBT

NVBT Risk / Return Rank: 59
NVBT Sharpe Ratio Rank: 53
NVBT Sortino Ratio Rank: 56
NVBT Omega Ratio Rank: 63
NVBT Calmar Ratio Rank: 55
NVBT Martin Ratio Rank: 70

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.

NVBT vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) 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.

	NVBT	AIOO	Difference
Sharpe ratio Return per unit of total volatility	0.98	—	—
Sortino ratio Return per unit of downside risk	1.49	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.43	—	—
Martin ratio Return relative to average drawdown	7.34	—	—
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

	NVBT	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	1.82	-0.75

Correlation

The correlation between NVBT and AIOO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NVBT vs. AIOO - Dividend Comparison

Neither NVBT nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NVBT vs. AIOO - Drawdown Comparison

The maximum NVBT drawdown since its inception was -12.90%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for NVBT and AIOO.

Drawdown Indicators

	NVBT	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-12.90%	-0.74%	-12.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	—	—
Current Drawdown Current decline from peak	-4.21%	-0.45%	-3.76%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.19%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	—	—

Volatility

Volatility by Period

	NVBT	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	1.99%	+10.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.45%	1.99%	+8.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	1.99%	+8.46%