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

Upturn stock ratingUpturn stock rating
$32.83
Last Close (24-hour delay)
Profit since last BUY5.12%
upturn advisory
Consider higher Upturn Star rating
BUY since 66 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

08/14/2025: NVBW (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

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

stock logo

ETF Overview

overview logo 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.

reliability logo Reputation and Reliability

Allianz Investment Management LLC is a well-established asset manager with a strong reputation. Allianz is a global financial services company.

reliability logo Management Expertise

Allianz Investment Management has extensive experience in managing options-based strategies and ETFs.

Investment Objective

overview logo 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

overview logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.