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AllianzIM U.S. Equity Buffer10 Dec ETF

DECTCboeAllianzIMB

$39.91−0.15 (−0.39%)

As of Nov 2, 2026, 3:59 PM ET

B58/ 100

Rank 18 of 77 in S&P 500 Buffer 9-12%

B58/100Rank 18 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 40.07 to 39.91. Range 39.91 to 40.45. Use the arrow keys to read each point.40.0040.2040.3040.4010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$38M
1Y total return
+11.2%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
32.4K sh
52W range
low $34.81high $41.00
Launched

The ETF.net DECT Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
18 of 77
Six-pillar profile for DECT. Scores out of 100: Cost 68, Risk 42, Mission not scored, Tradability 67, Holdings 47, Durability 47. Strongest: Cost (68). Weakest: Risk (42). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 17 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 56 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 18 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 40 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 42 of 77

Our read on DECT

ETF.net Research

In short

BA December-dated buffer fund built on SPY's own share price, not the index behind it. It absorbs the first 10% of a year's decline in exchange for a cap on the upside, then resets every December 1.

Stated mandate

The Fund seeks to match the SPDR S&P 500 ETF Trust’s share-price return at the end of each annual outcome period, subject to an upside cap, while buffering the first 10% of losses. It uses FLEX Options referencing that ETF.

Why people hold it

  • The deal is written into the prospectus, not left to a manager's judgment: buffer the first 10% of the reference ETF's price loss over a one-year outcome period, capped on the upside, reset each December 1.
  • A registered 1940 Act ETF holding FLEX options on SPY, so the payoff shape comes in an exchange-traded wrapper rather than a bank-issued note.
  • At 0.74% a year it runs slightly under the typical shallow-buffer fund, and cost is one of its stronger suits in a crowded field where fees are the main separator.
  • Part of AllianzIM's dated ladder, which lets the December series be paired with other start months. Its six-month siblings (SIXD, SIXJ, SIXZ) carry the same fee but reset twice a year.

Worth knowing

  • Thinly traded compared with the giants of the buffer world, so bid-ask spread and order size matter more here than with the category's household names.
  • The stated 10% buffer and the cap apply to a full outcome period. Buy partway through and you inherit whatever protection and upside room are left, which can be more or less.
  • The target is SPY's share-price return, so dividends from the underlying stocks are not part of the payoff, and the fund itself has not been making distributions.

DECT Performance

Launched Nov 30, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
DECT$11,115
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DECT $11,115. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DECT. Periods over one year show the average yearly return.
PeriodDECT
Year to date+9.3%
1 month−0.6%
3 months+1.5%
1 year+11.2%
3 yearsper year+16.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DECT
YearReturn barDECT
2026 YTD+9.3%
2025+15.0%
2024+11.9%
2023+19.3%
2022−4.3%

History from Dec 1, 2022

DECT in the news

DECT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 1 payment in 2024. Jan 16, 2024 $0.14. Use the arrow keys to read each point.2024
Ex-datePay dateAmount per share
Jan 16, 2024Jan 19, 2024$0.14

$10,000 in DECT 3 years ago paid $52.18 in dividends.

DECT Risk

Risk pillarC42 out of 100Rank 56 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
8.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.33
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.3%
46 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DECT Cost

Compare DECT and XTR

Overpaying vs XTR, cheapest in S&P 500 Buffer 9-12%

$9,148

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DECT 0.74%

    $14,307

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • DECT 0.74%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DECT $14,307XTR $5,159

Year by year

YearDECTXTROverpaying
10$1,319$455$864
20$5,015$1,769$3,246
30$14,307$5,159$9,148

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