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ALDB vs SPBX

Aptus Laddered Deep Buffer ETF

ALDBBCboe

AllianzIM 6 Month Buffer10 Allocation ETF

SPBXCCboe

Overlap

0.0%by weight

Expense ratio

ALDB −0.49pt a year

ALDB0.30%SPBX0.79%

Avg volume · 30D

SPBX 4.2×the volume

ALDB6.84KSPBX28.4K

ALDB vs SPBX Performance

Jul 31, 2026 – Oct 30, 2026

+1.7%ALDB+1.0%SPBX

Jul 31, 2026 to Oct 30, 2026. ALDB +1.7%. SPBX +1.0%. Use the arrow keys to read each point.0%0.5%2.5%3%Jul 2026Sep 2026Oct 2026
Expense ratio
ALDB 0.30%, better
SPBX 0.79%
Fund size
ALDB $12M
SPBX $107M
1Y total return
ALDB No data
SPBX +9.6%
Holdings
ALDB 5
SPBX 7
Avg volume (30D)
ALDB 6.84K sh
SPBX 28.4K sh, better
NAV per share
ALDB $25.73
SPBX $30.05
52W range

ETF.net Grade

ALDB: Cost 100, Risk 56, Mission not scored, Tradability 41, Holdings 39, Durability 11. SPBX: Cost 62, Risk 57, Mission not scored, Tradability 48, Holdings 41, Durability 21.
Pillar letters and Scores for ALDB, SPBX, with each pillar’s weight
PillarALDBSPBX
Cost30% weightA100HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightB56B57Higher
Tradability15% weightC41C48Higher
Holdings10% weightD39C41Higher
Durability5% weightF11F21Higher

Rank among S&P 500 Laddered Buffer funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ALDB and SPBX are both graded against the same 18 S&P 500 Laddered Buffer funds, so their Grades compare head to head.

S&P 500 Laddered Buffer⁠

Category · 18 funds
See all 18 ›

ALDB ranks 3rd and SPBX 8th of 18 funds in the S&P 500 Laddered Buffer Category.

  1. Rank 1BBUFPPGIM Laddered S&P 500 Buffer 12 ETFScore 69
  2. Rank 2BPBFRPGIM Laddered S&P 500 Buffer 20 ETFScore 68
  3. Rank 3BALDBAptus Laddered Deep Buffer ETFScore 65
  4. Rank 4BIVVMiShares Large Cap Moderate Quarterly Laddered ETFScore 64
  5. Rank 8CBUFRFT Vest Laddered Buffer ETFScore 52
  6. Rank 8CSPBXAllianzIM 6 Month Buffer10 Allocation ETFScore 52
  7. Rank 11CBFRZInnovator Equity Managed 100 Buffer ETFScore 50

Our read on each fund

ETF.net Research

ALDBBAptus Laddered Deep Buffer ETF

SPBXCAllianzIM 6 Month Buffer10 Allocation ETF

In short

ALDB No data

SPBX Most 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.

Stated mandate

ALDB No data

SPBX 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

ALDB No data

  • SPBX 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 2
  • 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

ALDB No data

  • SPBX 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 2
  • 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.

Full ALDB profile⁠

Full SPBX profile⁠

ALDB vs SPBX Holdings

How ALDB and SPBX differ

Overlap by weight

0.0%

Shared holdings make up 0.1% of ALDB and 0.0% of SPBX.

Level by level

  • Holdings1 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for SPBX.

Country, concentration and asset class

Country by domicile

Country weights in ALDB and SPBX, widest gap first
CountryMore in ALDBMore in SPBX
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • ALDB100.0%
  • SPBX100.0%

Securities held

  • ALDB5
  • SPBX7

Asset class

ALDB
Equity
SPBX
Equity

Holdings

  • Only in ALDB4
  • In both1
  • Only in SPBX6

Only in ALDB

4 securities, 99.9% of ALDB by weight

  • Aptus October Deep Buffer ETF25.20%
  • Aptus January Deep Buffer ETF24.95%
  • Aptus April Deep Buffer ETF24.89%

Only in SPBX

6 securities, 100% of SPBX by weight

  • Allianzim Us 6M BF10 Feb-Aug16.87%
  • Allianzim Us 6M BF10 Mar-Sep16.78%
  • Allianzim Us 6M BF10 Jan-Jul16.75%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in ALDB and SPBX, widest gap first
HoldingMore in ALDBMore in SPBX
Cash & OtherALDB +0.07 points

All ALDB holdings⁠All 7 SPBX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ALDB vs SPBX Cost

Overpaying SPBX vs ALDB

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ALDB 0.30%

    $6,149

  • SPBX 0.79%

    $15,174

$10,000
30 years

Cost over time

  • ALDB 0.30%
  • SPBX 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SPBX $15,174ALDB $6,149

Year by year

YearALDBSPBXOverpaying
10$545$1,405$860
20$2,113$5,331$3,218
30$6,149$15,174$9,025

Expense ratio

  • 0.30%ALDB, cheaper
  • 0.79%SPBX
  • Middle half of S&P 500 Laddered Buffer funds
  • Median 0.89%

ALDB cheapest of 18 funds

SPBX 7th cheapest of 18 funds

ALDB vs SPBX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ALDB None
SPBX None

Distribution history

ALDBAll ALDB payments⁠

No distribution history available.

SPBXAll SPBX payments⁠

No distribution history available.

ALDB vs SPBX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ALDB No dataSPBX 6.3%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
ALDB No dataSPBX 0.84since Feb 2025
Worst fallMax drawdown, 5 years
ALDB No dataSPBX −11.1%since Jan 2025
Market sensitivityBeta, 5 years
ALDB 0.46SPBX 0.49

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