---
ticker: "NVBW"
name: "AllianzIM U.S. Equity Buffer20 Nov ETF"
url: "https://etf.net/etf/NVBW"
grade: "C"
score: 44
graded_at: "2026-10-12"
category: "S&P 500 Buffer 20%"
category_rank: "17 of 24"
methodology: "https://etf.net/methodology"
---

# NVBW: AllianzIM U.S. Equity Buffer20 Nov ETF

Grade **C**, Score 44 of 100. Rank 17 of 24 in S&P 500 Buffer 20%.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 37 | 10 of 24 |
| Mission | Not scored | — |
| Risk | 36 | 21 of 23 |
| Tradability | 52 | 12 of 24 |
| Holdings | 58 | 7 of 12 |
| Durability | 57 | 10 of 24 |

## Top holdings

The fund holds 2 positions. These are the largest 2, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 4SPY  261030C00005120 | Spy 10/30/2026 5.12 C | 103.19% |
| 2 | 4SPY  261030P00682130 | Spy 10/30/2026 682.13 P | 0.04% |

Source: etf.net, https://etf.net/etf/NVBW. Please cite the page URL.