QBSF vs. MART

Last updated Aug 1, 2026

QBSF (AllianzIM U.S. Equity Buffer15 ETF) and MART (Allianzim U.S. Large Cap Buffer10 Mar ETF) are both exchange-traded funds - QBSF is a Defined Outcome fund actively managed by Allianz, while MART is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, QBSF returned 7.69% vs 16.87% for MART. Their correlation of 0.80 means they have usually moved in the same direction. QBSF charges 0.64%/yr vs 0.74%/yr for MART.

Performance

QBSF vs. MART - 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 Mar ETF (MART). 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 MART's 8.98% return.

QBSF

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

MART

• 1D: 0.47%
• 1M: 0.74%
• 6M: 8.01%
• YTD: 8.98%
• 1Y: 16.87%
• 3Y*: 14.96%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.57%

*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)
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	$88.13K	$52.45K	$42.42K
QBSF AllianzIM U.S. Equity Buffer15 ETF	$362.72K	$551.94K	$623.95K

QBSF vs. MART - Yearly Performance Comparison

	2026 (YTD)	2025
QBSF AllianzIM U.S. Equity Buffer15 ETF	3.20%	4.79%
MART Allianzim U.S. Large Cap Buffer10 Mar ETF	8.98%	7.86%

Correlation

The correlation between QBSF and MART is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	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 MART has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

QBSF vs. MART — 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

MART

MART Risk / Return Rank: 89
MART Sharpe Ratio Rank: 89
MART Sortino Ratio Rank: 90
MART Omega Ratio Rank: 91
MART Calmar Ratio Rank: 82
MART Martin Ratio Rank: 92

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. MART - 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 Mar ETF (MART). 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	MART	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.17	+0.48
Sortino ratio: Return per unit of downside risk	4.06	3.16	+0.90
Omega ratio: Gain probability vs. loss probability	1.56	1.43	+0.13
Calmar ratio: Return relative to maximum drawdown	4.63	3.00	+1.63
Martin ratio: Return relative to average drawdown	17.56	16.08	+1.47

QBSF vs. MART - Sharpe Ratio Comparison

The current QBSF Sharpe Ratio is 2.65, which is comparable to the MART Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of QBSF and MART, 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. MART - Drawdown Comparison

The maximum QBSF drawdown since its inception was -1.58%, smaller than the maximum MART drawdown of -11.61%. Use the drawdown chart below to compare losses from any high point for QBSF and MART.

Drawdown Indicators

	QBSF	MART	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-11.61%	+10.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.58%	-5.30%	+3.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.61%	—
Current Drawdown Current decline from peak	0.00%	-0.07%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.20%	-0.89%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.99%	-0.57%

Volatility

QBSF vs. MART - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 ETF (QBSF) is 0.88%, while Allianzim U.S. Large Cap Buffer10 Mar ETF (MART) has a volatility of 1.87%. This indicates that QBSF experiences smaller price fluctuations and is considered to be less risky than MART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBSF	MART	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	1.87%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	1.93%	6.10%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	7.35%	-4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.69%	9.59%	-6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.69%	9.59%	-6.90%

QBSF vs. MART - Expense Ratio Comparison

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

Dividends

QBSF vs. MART - Dividend Comparison

Neither QBSF nor MART has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QBSF and MART in my portfolio?

QBSF and MART 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 MART?

MART has higher volatility (1.87%) compared to QBSF (0.88%). In terms of maximum drawdown, QBSF dropped -1.58% vs MART's -11.61%.

Which ETF is better, QBSF or MART?

On 1-year performance, MART leads with 16.87% 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 MART?

Over the 1-year period, MART has performed better with a 16.87% 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 MART?

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

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

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

What is the main difference between QBSF and MART?

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

Which has better risk-adjusted returns?

QBSF currently has the higher Sharpe Ratio (2.65 vs 2.17), 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.