AllianzIM 6 Month Buffer10 Allocation ETF
$30.22+0.05 (+0.17%)
- 0.79%
- $101M
- +13.1%
- 0M sh
- $30.16
- low $26.61high $33.67
The ETF.net SPBX Grade
D
Score 27 out of 100
- 17 of 18
Score 27 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.F15 out of 100Rank 15 of 18Mission
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.C49 out of 100Rank 11 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 17 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 14 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F21 out of 100Rank 16 of 18
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.
Not enough history yet.Not enough history yet.Not enough history yet.
SPBX$11,312
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 | SPBX |
|---|---|
| Year to date | +9.8% |
| 1 month | +1.2% |
| 3 months | +2.8% |
| 1 year | +13.1% |
| 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 | +9.8% | |
| 2025 | +9.9% |
SPBX in the news
Filings Digest
AllianzIM launches OCTI and resets October buffer terms
SPBX Dividends
No distributions in the last 12 months.
SPBX Risk
- 6.4%
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.
- 0.95
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.
- 0.48
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
0.79%
SPBX0.79%
- The middle half of S&P 500 Laddered Buffer funds
- Median 0.25%
14 of the 18 S&P 500 Laddered Buffer funds charge less.
Other funds in S&P 500 Laddered Buffer
- CLADMPacer Funds Trust - Pacer Swan SOS Laddered Moderate ETFExpense ratio 0.10%1 year return —
- DSPBWAllianzIM Buffer20 Allocation ETFExpense ratio 0.79%1 year return +10.3%
- DBFRZInnovator Equity Managed 100 Buffer ETFExpense ratio 0.89%1 year return +4.5%
- DIVVBiShares Large Cap Deep Quarterly Laddered ETFExpense ratio 0.53%1 year return +12.3%
- FONEZElevation Series Trust - TrueShares Seasonality Laddered Buffered ETFExpense ratio 0.96%1 year return +11.7%