QBSF vs. APRT

Last updated Aug 1, 2026

QBSF (AllianzIM U.S. Equity Buffer15 ETF) and APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) are both exchange-traded funds - QBSF is a Defined Outcome fund actively managed by Allianz, while APRT is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, QBSF returned 7.69% vs 16.78% for APRT. Their correlation of 0.80 means they have usually moved in the same direction. QBSF charges 0.64%/yr vs 0.74%/yr for APRT.

Performance

QBSF vs. APRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 ETF (QBSF) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBSF achieves a 3.20% return, which is significantly lower than APRT's 10.93% return.

QBSF

• 1D: 0.26%
• 1M: 0.56%
• 6M: 2.73%
• YTD: 3.20%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.51%

APRT

• 1D: 0.41%
• 1M: 0.74%
• 6M: 10.28%
• YTD: 10.93%
• 1Y: 16.78%
• 3Y*: 13.06%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 11.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	$51.04K	$1.19M	$459.56K
QBSF AllianzIM U.S. Equity Buffer15 ETF	$362.72K	$551.94K	$623.95K

QBSF vs. APRT - Yearly Performance Comparison

	2026 (YTD)	2025
QBSF AllianzIM U.S. Equity Buffer15 ETF	3.20%	4.79%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	10.93%	6.04%

Correlation

The correlation between QBSF and APRT is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.80

The correlation between QBSF and APRT has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

QBSF vs. APRT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QBSF

QBSF Risk / Return Rank: 94
QBSF Sharpe Ratio Rank: 94
QBSF Sortino Ratio Rank: 95
QBSF Omega Ratio Rank: 95
QBSF Calmar Ratio Rank: 93
QBSF Martin Ratio Rank: 93

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 96
APRT Sortino Ratio Rank: 97
APRT Omega Ratio Rank: 97
APRT Calmar Ratio Rank: 98
APRT Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QBSF vs. APRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 ETF (QBSF) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QBSF	APRT	Difference
Sharpe ratio: Return per unit of total volatility	2.65	3.09	-0.44
Sortino ratio: Return per unit of downside risk	4.06	5.16	-1.10
Omega ratio: Gain probability vs. loss probability	1.56	1.72	-0.17
Calmar ratio: Return relative to maximum drawdown	4.63	10.18	-5.54
Martin ratio: Return relative to average drawdown	17.56	45.98	-28.42

QBSF vs. APRT - Sharpe Ratio Comparison

The current QBSF Sharpe Ratio is 2.65, which is comparable to the APRT Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of QBSF and APRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QBSF vs. APRT - Drawdown Comparison

The maximum QBSF drawdown since its inception was -1.58%, smaller than the maximum APRT drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for QBSF and APRT.

Drawdown Indicators

	QBSF	APRT	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-14.98%	+13.40%
Max Drawdown (1Y) Largest decline over 1 year	-1.58%	-1.59%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.98%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.20%	-2.01%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.35%	+0.07%

Volatility

QBSF vs. APRT - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 ETF (QBSF) is 0.88%, while AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) has a volatility of 1.47%. This indicates that QBSF experiences smaller price fluctuations and is considered to be less risky than APRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBSF	APRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	1.47%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	1.93%	4.51%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	5.25%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.69%	10.78%	-8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.69%	10.20%	-7.51%

QBSF vs. APRT - Expense Ratio Comparison

QBSF has a 0.64% expense ratio, which is lower than APRT's 0.74% expense ratio.

Dividends

QBSF vs. APRT - Dividend Comparison

Neither QBSF nor APRT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.67%
QBSF AllianzIM U.S. Equity Buffer15 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBSF and APRT in my portfolio?

QBSF and APRT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBSF or APRT?

APRT has higher volatility (1.47%) compared to QBSF (0.88%). In terms of maximum drawdown, QBSF dropped -1.58% vs APRT's -14.98%.

Which ETF is better, QBSF or APRT?

On 1-year performance, APRT leads with 16.78% vs 7.69% for QBSF. On fees, QBSF is cheaper at 0.64% per year. On volatility, QBSF has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBSF or APRT?

Over the 1-year period, APRT has performed better with a 16.78% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBSF or APRT?

QBSF is cheaper with a 0.64% expense ratio, compared with 0.74% for APRT.

Which ETF pays a higher dividend yield, QBSF or APRT?

QBSF and APRT have nearly identical dividend yields, around 0.00%.

What is the main difference between QBSF and APRT?

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

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.09 vs 2.65), 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.