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AIM ETF Products Trust - AllianzIM U.S. Large Capped Buffer20 Nov ETF (NVBW)



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Upturn Advisory Summary
08/14/2025: NVBW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 11.69% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 28.86 - 32.15 | Updated Date 06/29/2025 |
52 Weeks Range 28.86 - 32.15 | Updated Date 06/29/2025 |
Upturn AI SWOT
AIM ETF Products Trust - AllianzIM U.S. Large Capped Buffer20 Nov ETF
ETF Overview
Overview
The AllianzIM U.S. Large Cap Buffer20 Nov ETF (NYSE Arca: NOVZ) seeks to provide investors with capped upside exposure to the U.S. large-cap equity market while buffering against the first 20% of losses over a one-year period. It focuses on large-cap stocks and employs a strategy that combines options to achieve its defined outcome.
Reputation and Reliability
Allianz Investment Management LLC is a well-established asset manager with a strong reputation. Allianz is a global financial services company.
Management Expertise
Allianz Investment Management has extensive experience in managing options-based strategies and ETFs.
Investment Objective
Goal
To provide investors with capped upside participation in the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined cap, while providing a buffer against the first 20% of SPY losses, over a defined one-year outcome period, beginning in November.
Investment Approach and Strategy
Strategy: The ETF employs a defined outcome strategy using options on the SPDR S&P 500 ETF Trust (SPY) to provide a buffer against losses and capped upside potential.
Composition The ETF holds a portfolio of FLexible EXchange Options (FLEX Options) on the SPDR S&P 500 ETF Trust (SPY) to achieve its investment objective.
Market Position
Market Share: Information not readily available to provide an accurate market share.
Total Net Assets (AUM): 271223015.21
Competitors
Key Competitors
- Innovator U.S. Equity Buffer ETF (BJUL)
- Innovator U.S. Equity Buffer ETF (IJAN)
- Innovator U.S. Equity Buffer ETF (BOCT)
Competitive Landscape
The competitive landscape consists of other defined outcome ETFs that provide buffered downside protection with capped upside. NOVZ's advantages include Allianz's experience and the specific buffer/cap levels. Disadvantages may include specific caps and fees compared to passively managed index funds.
Financial Performance
Historical Performance: Historical performance data needs to be retrieved from financial data providers.
Benchmark Comparison: The ETF's performance should be compared to SPY's performance to evaluate the effectiveness of the buffer and cap.
Expense Ratio: 0.74
Liquidity
Average Trading Volume
The ETF's liquidity, determined by its average trading volume, indicates how easily shares can be bought or sold without significantly impacting the price.
Bid-Ask Spread
The bid-ask spread indicates the difference between the highest price a buyer is willing to pay and the lowest price a seller will accept.
Market Dynamics
Market Environment Factors
Economic indicators, interest rates, and overall market sentiment all impact the ETF. Options market volatility will significantly influence the price of NOVZ.
Growth Trajectory
Growth depends on investor demand for defined outcome ETFs and Allianz's ability to effectively manage its options strategy.
Moat and Competitive Advantages
Competitive Edge
NOVZ's competitive advantage stems from its defined outcome strategy, providing a buffer against losses while allowing participation in market gains, subject to a cap. Allianz's expertise in options management enhances its reliability. This niche product caters to investors seeking downside protection and limited upside exposure. The defined outcome period allows for strategic re-evaluation annually. However, high expense ratio is a drawback compared to pure index funds.
Risk Analysis
Volatility
The ETF's volatility depends on the volatility of SPY and the options market. The defined outcome strategy aims to reduce downside volatility relative to SPY.
Market Risk
The ETF is exposed to market risk, as the performance of SPY affects the underlying options contracts.
Investor Profile
Ideal Investor Profile
The ideal investor is risk-averse, seeking downside protection while still participating in market upside. Investors nearing retirement or those with short-term investment horizons may find this appealing.
Market Risk
The ETF is suitable for long-term investors seeking a defined outcome and downside protection, rather than active traders seeking quick profits.
Summary
NOVZ offers a defined outcome strategy using options to provide downside protection and capped upside exposure to SPY. It's ideal for risk-averse investors seeking to limit losses while still participating in potential gains. Allianz's experience in options management makes it a reliable option. However, the expense ratio should be considered in light of the defined outcome benefits. The ETF offers a specific risk/reward profile that differentiates it from traditional index funds.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Allianz Investment Management Website
- ETF.com
- Morningstar
- NYSE Arca
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and ETF performance are subject to change. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About AIM ETF Products Trust - AllianzIM U.S. Large Capped Buffer20 Nov ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund pursues a buffered strategy that seeks to match the share price returns of the SPDR® S&P 500® ETF Trust (the "Underlying ETF"), at the end of a specified one-year period, from November 1 to October 31, subject to an upside maximum percentage return (the "Cap") and downside protection with a buffer against the first 20.00% of Underlying ETF losses (the "Buffer"). It is non-diversified.

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