AllianzIM 6 Month Buffer10 Allocation ETF
$29.89−0.09 (−0.30%)
- Expense ratio
- 0.79%
- Fund size
- $93M
- 1Y return
- +11.7%
- Yield · Last 12 months
- —
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $29.96
- 52W range
The ETF.net SPBX Grade
Score 24 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 9Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 16Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 43Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 22Category rank
Our read on SPBX
DMost buffer ETFs make you pick a start month and babysit the roll. SPBX holds AllianzIM's entire six-month Buffer10 lineup in equal weight, so one sleeve resets to a fresh 10% buffer and a new cap every month.
The Fund seeks capital appreciation while mitigating downside risk through a laddered portfolio of six U.S. equity buffered ETFs tied to SPY exposure.
Why people hold it
- One ticker, six sleeves. Each underlying fund buffers the first 10% of SPDR S&P 500 ETF Trust losses over its own six-month window, and one of them resets with a fresh buffer and a new cap each month.allianzim.comsec.gov
- Six-month outcome periods re-strike twice a year, so the buffer and cap reset against more recent index levels than the standard 12-month buffered ETF.allianzim.comallianzim.com
- Laddering across the full suite means no single start date defines your result. You hold six staggered periods at once instead of one, and the rebalancing work sits with the manager.allianzim.com
- At 0.79% all-in, it prices right at the middle of the buffer-fund pack rather than at a premium for the wrapper.
Worth knowing
- Most of that 0.79% is the underlying funds' own fees. The 0.10% management fee is cut to 0.05% only through at least February 2027, and cheaper ladders exist (BUFP at 0.50%).allianzim.com
- Every sleeve's upside stops at its cap, and the 10% buffer is stated before fees and measured over that sleeve's six-month period, not from the day you buy.allianzim.comallianzim.com
- Launched in 2025 and lightly traded, so the record is short by buffer-fund standards and spreads can run wider than the category's largest names.
SPBX Holdings
- Stocks
- 7
- 100%
- SIXF
Geography
- United States100.00%
SPBX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | SPBX |
|---|---|
| Year to date | +9.1% |
| 1 month | +0.8% |
| 3 months | +2.9% |
| 1 year | +11.7% |
| 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 | SPBX |
|---|---|---|
| 2026 YTD | +9.1% | |
| 2025 | +9.9% |
SPBX in the news
ETF.net Research hasn’t filed on SPBX yet — coverage lands here as it’s written.
SPBX Dividends
No distributions in the last 12 months.
SPBX Risk
- 6.6%
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.
- 0.99
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.
- −11.1%
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.
- 0.49
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPBX Cost
- The middle half of S&P 500 Laddered Buffer funds
- Median 0.20%
15 of the 18 S&P 500 Laddered Buffer funds charge less.