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Launched

AllianzIM U.S. Equity Buffer20 May ETF

MAYWCboeAllianzIMC

$35.38−0.09 (−0.27%)

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

C47/ 100

Rank 15 of 24 in S&P 500 Buffer 20%

C47/100Rank 15 of 24inS&P 500 Buffer 20%
Intraday session: down, 79 prints from 35.48 to 35.38. Range 35.38 to 35.65. Use the arrow keys to read each point.35.5535.6035.6510 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$460M
1Y total return
+7.1%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
28.5K sh
52W range
low $32.88high $35.83
Launched

The ETF.net MAYW Grade

Based on 5 of 6 pillars

C

Score 47 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
15 of 24
Six-pillar profile for MAYW. Scores out of 100: Cost 37, Risk 57, Mission not scored, Tradability 49, Holdings 59, Durability 60. Strongest: Durability (60). Weakest: Cost (37). Based on 5 of 6 pillars.

Score 47 of 100 falls in the C 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.
    D37 out of 100
    Rank 10 of 24

  • 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.
    B57 out of 100
    Rank 7 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 12 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 7 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 7 of 24

Our read on MAYW

ETF.net Research

In short

CA 20% cushion on the S&P 500, reset every May. MAYW holds a year of FLEX options on the SPDR S&P 500 ETF Trust: the first 20% of a drop gets absorbed, and upside stops at a cap set fresh each period.

Stated mandate

The Fund uses FLEX Options tied to the SPDR S&P 500 ETF Trust to seek the ETF’s share-price return through the current Outcome Period, subject to an upside cap and a 20% downside buffer.

Why people hold it

  • Deep cushion by design: the options package aims to absorb the first 20% of the SPDR S&P 500 ETF Trust's price decline over the outcome period.
  • Terms are known upfront. Each May 1 the fund starts a new 12-month period with a new cap, so the trade-off is spelled out before the clock runs.
  • One of the stronger builds in the 20% S&P 500 buffer group, with enough size and turnover to trade without drama.

Worth knowing

  • The cap is what pays for the buffer. Gains above it stay on the table, and the fund targets share-price return, so S&P dividends aren't part of the package.
  • Buffer and cap are measured May 1 to April 30. Step in mid-period and your actual cushion and ceiling differ from the headline terms.
  • At 0.74% it sits right at the group median, but cheaper 20% buffer builds exist (PBFR at 0.50%, PSFM at 0.49%).

MAYW Holdings

Holdings pillarB59 out of 100Rank 7 of 13 in S&P 500 Buffer 20%
Asset class
Stocks
Holdings
2
Top-10 weight
104%
Largest holding
Spy 04/30/2027 5.39 C101.8%

Sectors

  • Technology38.7%
  • Financials11.8%
  • Health Care9.9%
  • Communication9.1%
  • Consumer Discretionary9.0%
  • Industrials7.4%
  • Consumer Staples4.8%
  • Energy3.8%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.5%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSpy 04/30/2027 5.39 C101.78%6,157$468M1
2No dataSpy 04/30/2027 718.73 P2.11%6,157$9.71M2

Showing 1–2 of 2 holdings

MAYW Performance

Launched Apr 28, 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.
MAYW$10,714
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. MAYW $10,714. 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 MAYW. Periods over one year show the average yearly return.
PeriodMAYW
Year to date+5.7%
1 month−0.2%
3 months+1.5%
1 year+7.1%
3 yearsper year+11.6%
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 MAYW
YearReturn barMAYW
2026 YTD+5.7%
2025+10.3%
2024+12.1%
2023+8.2%

History from May 1, 2023

MAYW in the news

MAYW Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

MAYW Risk

Risk pillarB57 out of 100Rank 7 of 23 in S&P 500 Buffer 20%
How much the fund’s monthly returns vary, scaled to a year.
3.4%
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.
1.99
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.
−7.9%
41 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.
0.25
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.

MAYW Cost

Compare MAYW and PSFD

Overpaying vs PSFD, tied cheapest in S&P 500 Buffer 20%

$4,515

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

  • MAYW 0.74%

    $14,307

  • PSFD 0.49% Tied cheapest

    $9,792

$10,000
30 years

Cost over time

  • MAYW 0.74%
  • PSFD 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MAYW $14,307PSFD $9,792

Year by year

YearMAYWPSFDOverpaying
10$1,319$883$436
20$5,015$3,394$1,621
30$14,307$9,792$4,515

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