SEPU vs. AIOO
SEPU (AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both Defined Outcome funds from Allianz. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. SEPU charges 0.74%/yr vs 0.64%/yr for AIOO.
Performance
SEPU vs. AIOO - Performance Comparison
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Returns By Period
In the year-to-date period, SEPU achieves a 6.96% return, which is significantly higher than AIOO's 2.26% return.
SEPU
- 1D
- -0.47%
- 1M
- -0.16%
- YTD
- 6.96%
- 6M
- 6.75%
- 1Y
- 19.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIOO
- 1D
- -0.04%
- 1M
- 0.19%
- YTD
- 2.26%
- 6M
- 2.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SEPU vs. AIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SEPU AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF | 6.96% | 8.29% |
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF | 2.26% | 2.65% |
Correlation
The correlation between SEPU and AIOO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.81 |
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Return for Risk
SEPU vs. AIOO — Risk / Return Rank
SEPU
AIOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SEPU vs. AIOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF (SEPU) 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.
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.
| SEPU | AIOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | — | — |
| Martin ratioReturn relative to average drawdown | 12.02 | — | — |
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Drawdowns
SEPU vs. AIOO - Drawdown Comparison
The maximum SEPU drawdown since its inception was -11.76%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for SEPU and AIOO.
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Drawdown Indicators
| SEPU | AIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.76% | -0.74% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | — | — |
Current DrawdownCurrent decline from peak | -1.87% | -0.21% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -0.18% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | — | — |
Volatility
SEPU vs. AIOO - Volatility Comparison
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Volatility by Period
| SEPU | AIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.08% | 2.06% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 2.06% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 2.06% | +9.00% |
SEPU vs. AIOO - Expense Ratio Comparison
SEPU has a 0.74% expense ratio, which is higher than AIOO's 0.64% expense ratio.
Dividends
SEPU vs. AIOO - Dividend Comparison
Neither SEPU nor AIOO has paid dividends to shareholders.
Frequently Asked Questions
SEPU and AIOO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIOO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIOO is cheaper with a 0.64% expense ratio, compared with 0.74% for SEPU.
SEPU and AIOO have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.74% for SEPU and 0.64% for AIOO.
Find the right allocation for SEPU and AIOO
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