AllianzIM Buffer15 Uncapped Allocation ETF
$31.04+0.07 (+0.23%)
- 0.79%
- $198M
- +13.7%
- 0M sh
- $31.01
- low $26.58high $33.10
The ETF.net SPBU Grade
D
Score 39 out of 100
- 51 of 61
Score 39 of 100 falls in the D 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.D35 out of 100Rank 34 of 61Mission
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.F10 out of 100Rank 53 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 40 of 59Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 3 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 33 of 61
Our read on SPBU
DMost buffer ETFs cap your upside. SPBU skips the ceiling: its twelve underlying funds take a stated spread off the S&P 500 ETF's return instead, while buffering the first 15% of losses. Laddered monthly, so no single start date defines your year.
The Fund seeks to achieve its objective through a laddered portfolio of twelve AllianzIM U.S. Equity Buffer15 Uncapped ETFs. The underlying strategy seeks to track SPY market-price returns over specified one-year periods while protecting against the first 15% of SPY losses, subject to a stated spread.
Why people hold it
- No upside cap. The underlying Buffer15 Uncapped funds subtract a stated spread from the S&P 500 ETF's one-year return rather than stopping gains at a ceiling.
- Twelve overlapping one-year outcome periods in one ticket, so the portfolio staggers its resets instead of hanging on a single entry date.
- The 15% buffer is written into the design: the underlying strategy absorbs the first 15% of S&P 500 ETF losses over each one-year period.
- At 0.79%, the fee sits right at the median for its buffered S&P 500 peer group, so the uncapped twist costs no premium over standard capped 15% buffers.
Worth knowing
- The spread is what you pay for no cap. Upside arrives as the index return minus that stated spread, so the fund trails plain S&P 500 exposure in strong years.
- Cost isn't the edge here. Another laddered buffer fund in the same group, BUFF, charges 0.10% at the fund level.
- Launched in 2025 and thinly traded, so the track record is short and the gap between bid and ask can matter as much as the expense ratio.
SPBU Holdings
- Stocks
- 12
- 83%
- JNEU
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%
Geography
- United States100.00%
SPBU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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SPBU$11,369
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 | SPBU |
|---|---|
| Year to date | +10.0% |
| 1 month | +1.3% |
| 3 months | +1.8% |
| 1 year | +13.7% |
| 3 years | — |
| 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 | SPBU |
|---|---|---|
| 2026 YTD | +10.0% | |
| 2025 | +13.8% |
SPBU in the news
SPBU Dividends
No distributions in the last 12 months.
SPBU Risk
- 9.1%
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.
- 1.30
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.
- −8.3%
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPBU Cost
0.79%
SPBU0.79%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
23 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- DGOCTFT Vest U.S. Equity Moderate Buffer ETF - OctoberExpense ratio 0.85%1 year return +12.5%
- DJNEUAIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Jun ETFExpense ratio 0.74%1 year return +15.2%
- DMARUAIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Mar ETFExpense ratio 0.74%1 year return +13.3%
- DNVBUAIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Nov ETFExpense ratio 0.74%1 year return +14.2%
- FPSTPInnovator Power Buffer Step-Up Strategy ETFExpense ratio 0.89%1 year return +9.8%