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Launched

AllianzIM U.S. Equity Buffer10 Feb ETF

FEBTCboeAllianzIMB

$41.87−0.18 (−0.43%)

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

B59/ 100

Rank 16 of 77 in S&P 500 Buffer 9-12%

B59/100Rank 16 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 42.05 to 41.87. Range 41.87 to 42.34. Use the arrow keys to read each point.42.0042.2042.3010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$102M
1Y total return
+12.2%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
24K sh
52W range
low $36.62high $42.78
Launched

The ETF.net FEBT Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
16 of 77
Six-pillar profile for FEBT. Scores out of 100: Cost 68, Risk 54, Mission not scored, Tradability 63, Holdings 46, Durability 44. Strongest: Cost (68). Weakest: Durability (44). Based on 5 of 6 pillars.

Score 59 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.
    C54 out of 100
    Rank 30 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 28 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 42 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C44 out of 100
    Rank 52 of 77

Our read on FEBT

ETF.net Research

In short

BAllianz Life's hedging desk, packaged as an ETF. FEBT absorbs the first 10% of its S&P 500 ETF benchmark's price decline over each February-to-January stretch, trading away gains above a cap, at a fee under the buffer-fund norm.

Stated mandate

The Fund seeks to match the share-price return of the SPDR S&P 500 ETF Trust over a specified one-year outcome period, subject to an upside cap and protection against the first 10% of losses.

Why people hold it

  • Charges 0.74% a year, under the buffer-fund median and below same-benchmark rival BAPR (0.79%) and laddered BUFR (0.95%).
  • The options work is run in-house by AllianzIM, the Allianz Life arm that hedges the insurer's own annuity book, rather than farmed out.allianzlife.com
  • Plain, repeatable terms: a 10% downside buffer against the S&P 500 ETF's price return, capped upside, reset for a fresh one-year period every February 1.sec.gov
  • Sits in the upper half of its buffer-ETF peer group, helped by pricing below the cohort median.

Worth knowing

  • Buffer and cap are set before fees (the prospectus puts the net buffer at 9.26%), and the payoff tracks share price only, so index dividends sit out.sec.gov
  • Buy mid-period and you get whatever cap and buffer remain, not the headline terms. The clean slate arrives each February 1.sec.gov
  • One of the smaller, thinner-traded funds in the buffer aisle, so the spread between bid and ask deserves a look before trading.

FEBT Performance

Launched Jan 31, 2023

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.
FEBT$11,222
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. FEBT $11,222. 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 FEBT. Periods over one year show the average yearly return.
PeriodFEBT
Year to date+10.4%
1 month−0.2%
3 months+1.7%
1 year+12.2%
3 yearsper year+17.8%
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 FEBT
YearReturn barFEBT
2026 YTD+10.4%
2025+12.7%
2024+17.3%
2023+14.7%

History from Feb 1, 2023

FEBT in the news

FEBT 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 $0.10. Use the arrow keys to read each point.2024
Ex-datePay dateAmount per share
Jan 16, 2024Jan 19, 2024$0.10

$10,000 in FEBT 3 years ago paid $35.97 in dividends.

FEBT Risk

Risk pillarC54 out of 100Rank 30 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
8.0%
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.
1.55
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.
−13.2%
44 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.
0.65
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.

FEBT Cost

Compare FEBT 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.

  • FEBT 0.74%

    $14,307

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FEBT 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$15K051015202530FEBT $14,307XTR $5,159

Year by year

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

Other funds in S&P 500 Buffer 9-12%

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