QBSF vs. DECU

Last updated Jun 24, 2026

QBSF (AllianzIM U.S. Equity Buffer15 ETF) and DECU (AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. QBSF charges 0.64%/yr vs 0.74%/yr for DECU.

Performance

QBSF vs. DECU - 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. Equity Buffer15 Uncapped Dec ETF (DECU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBSF achieves a 2.67% return, which is significantly lower than DECU's 5.22% return.

QBSF

• 1D: 0.00%
• 1M: 0.37%
• YTD: 2.67%
• 6M: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DECU

• 1D: -1.06%
• 1M: -1.39%
• YTD: 5.22%
• 6M: 4.88%
• 1Y: 15.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBSF vs. DECU - Yearly Performance Comparison

	2026 (YTD)	2025
QBSF AllianzIM U.S. Equity Buffer15 ETF	2.67%	4.79%
DECU AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF	5.22%	7.54%

Correlation

The correlation between QBSF and DECU is 0.79, 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 1, 2025	0.79

Return for Risk

QBSF vs. DECU — Risk / Return Rank

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

QBSF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DECU

DECU Risk / Return Rank: 55
DECU Sharpe Ratio Rank: 53
DECU Sortino Ratio Rank: 51
DECU Omega Ratio Rank: 51
DECU Calmar Ratio Rank: 61
DECU Martin Ratio Rank: 60

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.

QBSF vs. DECU - 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. Equity Buffer15 Uncapped Dec ETF (DECU). 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	DECU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.75	—
Martin ratio: Return relative to average drawdown	—	9.74	—

Drawdowns

QBSF vs. DECU - Drawdown Comparison

The maximum QBSF drawdown since its inception was -1.58%, smaller than the maximum DECU drawdown of -10.66%. Use the drawdown chart below to compare losses from any high point for QBSF and DECU.

Drawdown Indicators

	QBSF	DECU	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-10.66%	+9.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.65%	—
Current Drawdown Current decline from peak	0.00%	-2.80%	+2.80%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.73%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.59%	—

Volatility

Volatility by Period

	QBSF	DECU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	9.47%	-6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	10.79%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	10.79%	-8.12%

QBSF vs. DECU - Expense Ratio Comparison

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

Dividends

QBSF vs. DECU - Dividend Comparison

Neither QBSF nor DECU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QBSF and DECU in my portfolio?

QBSF and DECU have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBSF or DECU?

On fees, QBSF 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, QBSF or DECU?

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

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

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

What is the main difference between QBSF and DECU?

Their fees differ too: 0.64% for QBSF and 0.74% for DECU.