AllianzIM U.S. Equity Buffer20 Nov ETF
$36.900.00 (0.00%)
- 0.74%
- $97M
- +11.0%
- 0M sh
- $36.88
- low $32.83high $36.90
The ETF.net NVBW Grade
C
Score 44 out of 100
- 17 of 24
Score 44 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 100Rank 10 of 24Mission
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.D36 out of 100Rank 21 of 23Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 12 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 7 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 10 of 24
Our read on NVBW
CAn insurance hedging desk in ETF form: NVBW absorbs the first 20% of a year's losses in the SPDR S&P 500 ETF Trust, and in exchange your upside stops at a cap reset each November.
The Fund seeks to track the share-price returns of the SPDR® S&P 500® ETF Trust over its one-year Outcome Period up to an upside cap, while buffering the first 20% of losses in the Underlying ETF.
Why people hold it
- The 20% buffer is at the deep end of the buffer shelf, and it resets on a fresh one-year clock every November.allianzim.com
- AllianzIM runs the options itself, on the same in-house hedging platform Allianz Life uses for its annuity book, instead of outsourcing the trade.allianzlife.com
- At 0.74%, the fee sits right at the middle of its deep-buffer peer group. No premium for the Allianz name.
- Live since 2022, with multiple full outcome periods completed.
Worth knowing
- Buffer and cap apply in full only if you hold from the start of the November outcome period to its end. Buy mid-period and your terms differ.allianzlife.com
- Cheaper deep-buffer alternatives exist: PSFJ and PSFM both charge 0.49%.
- You track SPY's share-price returns, so dividends aren't part of the deal, and the fund trades lightly enough that limit orders matter.
NVBW Holdings
- Stocks
- 2
- 103%
- 4SPY 261030C00005120
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%
NVBW 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.
NVBW$11,096
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 | NVBW |
|---|---|
| Year to date | +9.1% |
| 1 month | +1.3% |
| 3 months | +3.0% |
| 1 year | +11.0% |
| 3 years | +9.8% |
| 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 | NVBW |
|---|---|---|
| 2026 YTD | +9.1% | |
| 2025 | +9.2% | |
| 2024 | +9.0% | |
| 2023 | +12.7% | |
| 2022 | +0.5% |
NVBW in the news
NVBW Dividends
No distributions in the last 12 months.
NVBW Risk
- 5.0%
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.
- 1.04
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.
- −8.4%
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.
- 0.40
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NVBW Cost
0.74%
NVBW0.74%
- The middle half of S&P 500 Buffer 20% funds
- Median 0.74%
9 of the 24 S&P 500 Buffer 20% funds charge less.
Other funds in S&P 500 Buffer 20%
- CAUGWAllianzIM U.S. Equity Buffer20 Aug ETFExpense ratio 0.74%1 year return +10.5%
- CDECWAllianzIM U.S. Equity Buffer20 Dec ETFExpense ratio 0.74%1 year return +12.5%
- CFEBWAllianzIM U.S. Equity Buffer20 Feb ETFExpense ratio 0.74%1 year return +11.1%
- CMARWAllianzIM U.S. Equity Buffer20 Mar ETFExpense ratio 0.74%1 year return +11.2%
- CPQXXPGIM Rock ETF Trust - PGIM S&P 500 Quarterly Buffer 20 ETFExpense ratio 0.50%1 year return —