
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT
- About
AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/29/2025: APRW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 14.71% | Avg. Invested days 62 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Volume (30-day avg) - | Beta 0.39 | 52 Weeks Range 30.02 - 33.65 | Updated Date 06/29/2025 |
52 Weeks Range 30.02 - 33.65 | Updated Date 06/29/2025 |
Upturn AI SWOT
AllianzIM U.S. Large Cap Buffer20 Apr ETF
ETF Overview
Overview
The AllianzIM U.S. Large Cap Buffer20 Apr ETF (NYSEARCA: AZBA) seeks to provide downside protection while participating in the upside potential of the U.S. large-cap equity market. It uses a 'buffered' strategy to limit losses up to a specified percentage over a defined period.
Reputation and Reliability
Allianz Investment Management LLC has a strong reputation and a long history in the financial services industry.
Management Expertise
The management team possesses considerable experience in structured finance and derivatives strategies.
Investment Objective
Goal
Seeks to provide investors with capped upside return potential and downside buffer against market declines in the S&P 500 Total Return Index over a defined one-year period.
Investment Approach and Strategy
Strategy: The ETF employs a 'buffered' or 'defined outcome' strategy, using Flex Options to provide a degree of downside protection and limit upside participation.
Composition The ETF holds Flex Options referencing the S&P 500 Total Return Index. The specific options strategy determines the buffer and cap levels.
Market Position
Market Share: AZBA's market share is relatively smaller compared to broad market ETFs, focusing on a niche strategy.
Total Net Assets (AUM): 103435725
Competitors
Key Competitors
- Innovator U.S. Equity Buffer ETF (BJUL)
- FT Cboe Vest U.S. Equity Deep Buffer ETF (BUFR)
- Simplify US Equity PLUS Convexity ETF (SPCX)
Competitive Landscape
The defined outcome ETF market is growing, with several players offering similar buffered or capped strategies. AZBA competes on its specific buffer and cap levels, as well as the reputation of AllianzIM. The primary advantage is the defined protection/participation. A disadvantage is potential underperformance compared to unbuffered ETFs during strong bull markets.
Financial Performance
Historical Performance: Historical performance depends on the specific outcome period and market conditions. Track record will vary significantly based on S&P 500 performance.
Benchmark Comparison: The ETF's performance is best compared to an S&P 500 Total Return index with options overlays that reflect the defined buffer and cap levels.
Expense Ratio: 0.77
Liquidity
Average Trading Volume
The average daily trading volume reflects moderate liquidity, enough for most retail investors.
Bid-Ask Spread
The bid-ask spread is typically competitive but can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Market volatility, interest rates, and investor sentiment significantly influence the pricing and effectiveness of the options used in AZBA.
Growth Trajectory
Growth depends on investor demand for downside protection and the continued development of defined outcome investment solutions. No change in the underlying strategy so far.
Moat and Competitive Advantages
Competitive Edge
AZBA's competitive advantage lies in its defined outcome strategy, offering a specific level of downside protection and upside participation. AllianzIM's expertise in structured finance and derivatives further enhances its offering. This strategy is attractive to risk-averse investors seeking to limit potential losses while still participating in market gains. The ETF provides a pre-defined risk/return profile, appealing to investors with specific investment goals and risk tolerances.
Risk Analysis
Volatility
AZBA's volatility is typically lower than the S&P 500 due to the downside buffer. However, it is not volatility-free.
Market Risk
The ETF is still subject to market risk, as it participates in the upside potential of the S&P 500, albeit capped. Additionally, the options strategy introduces complexity and potential roll-over risk.
Investor Profile
Ideal Investor Profile
AZBA is suitable for risk-averse investors who want exposure to the U.S. large-cap market but are concerned about potential downside risk and are willing to forgo some upside potential.
Market Risk
The ETF is best for long-term investors seeking a defined risk/return profile within their portfolio, and may be suitable for tactical allocation strategies.
Summary
AZBA offers a defined outcome investment strategy, buffering against market declines up to a specified level over a defined period while capping upside potential. It is designed for risk-averse investors seeking to participate in the large-cap market with a degree of protection. While the strategy limits potential losses, it also caps potential gains. Investors should carefully consider the buffer and cap levels relative to their investment goals and risk tolerance. Given its niche strategy, it is not designed to outperform broad market ETFs during bull markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- AllianzIM Website
- ETF.com
- Morningstar
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. 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 AllianzIM U.S. Large Cap Buffer20 Apr ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
Under normal market conditions, the fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. large cap equity securities. Specifically, the manager intends to invest substantially all of the fund's assets in FLexible EXchange Options (FLEX Options) that reference the Underlying ETF. The fund is non-diversified.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.