AllianzIM U.S. Equity Buffer10 Nov ETF
$41.41+0.03 (+0.08%)
- 0.74%
- $30M
- +15.3%
- 0M sh
- $41.39
- low $35.05high $41.42
The ETF.net NVBT Grade
C
Score 51 out of 100
- 35 of 77
Score 51 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.B68 out of 100Rank 17 of 77Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 41 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D30 out of 100Rank 61 of 77Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 32 of 44Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 67 of 77
Our read on NVBT
CA one-year hedge that starts its clock on November 1. NVBT absorbs the first 10% of an S&P 500 price decline over each outcome period, and in exchange your upside stops at a cap reset every November.
The actively managed ETF is designed to provide S&P 500-linked returns over a defined Outcome Period, subject to an upside cap and protection against the first 10% of index losses.
Why people hold it
- The deal is written down before you take it: the first 10% of S&P 500 price losses in each outcome period are absorbed by the fund's options, with a cap set the same day.
- At 0.74%, it runs below the median fee for shallow-buffer S&P 500 funds, and matches AllianzIM's own November-, January- and April-start siblings JANT and APRT.
- AllianzIM runs the calendar, not just one month: twelve-month starts plus six-month Buffer10 pairs like SIXZ, so November is one rung on a ladder rather than a lone bet.
- Actively managed and self-rolling since its 2022 launch: the options book is rebuilt each November instead of leaving you to reset a collar yourself.
Worth knowing
- The reference is the S&P 500 Price Index, so dividends sit outside the buffer-and-cap math entirely. The fund has paid no distributions.
- Buffer and cap describe a full outcome period, November 1 to October 31. Buy midstream and your own protection and headroom differ from the headline terms.
- One of the smaller, more thinly traded funds in a crowded buffer field, so spreads can run wider than at the giants. Limit orders do more work here.
NVBT Holdings
- Stocks
- 3
- 100%
- 4SPY 261030C00005050
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
NVBT Performance
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.
NVBT$11,529
Returns run to the Oct 12, 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.
| Period | NVBT |
|---|---|
| Year to date | +12.3% |
| 1 month | +1.9% |
| 3 months | +3.7% |
| 1 year | +15.3% |
| 3 years | +14.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NVBT |
|---|---|---|
| 2026 YTD | +12.3% | |
| 2025 | +12.8% | |
| 2024 | +12.0% | |
| 2023 | +16.3% | |
| 2022 | +0.2% |
NVBT in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
NVBT Dividends
No distributions in the last 12 months.
NVBT Risk
- 7.6%
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.
- 1.17
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.
- −12.9%
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.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NVBT Cost
0.74%
NVBT0.74%
- The middle half of S&P 500 Buffer 9-12% funds
- Median 0.79%
16 of the 77 S&P 500 Buffer 9-12% funds charge less.
Other funds in S&P 500 Buffer 9-12%
- CBOCTInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +17.0%
- CBAUGInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +15.9%
- CBDECInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +17.5%
- CBJANInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +17.0%
- CBMAYInnovator U.S. Equity Buffer ETFExpense ratio 0.79%1 year return +13.1%