DECW ETF — AllianzIM U.S. Large Cap Buffer20 Dec ETF

AllianzIM U.S. Large Cap Buffer20 Dec ETF (DECW)

Updated October 16, 2026.

DECW is an ETF. its expense ratio is 0.74%. Total return is 47.8% over the past 3.9 years, 49.5 points behind SPY at 97.3%.

AllianzIM U.S. Large Cap Buffer20 Dec ETF is an equity fund that invests substantially all of its assets in customized exchange-traded options (FLEX Options) referencing a large-cap underlying ETF, designed to provide downside protection while maintaining upside participation. The fund does not currently distribute income to shareholders, with a latest distribution noted as special or one-time and not expected to recur regularly; it carries an expense ratio of 0.74%. This fund may appeal to investors seeking downside protection strategies within a large-cap equity framework, though it is structured differently from traditional diversified equity funds and carries options-specific risks.

DECW performance versus SPY

Price and return data through 2026-10-16.

Total return is 47.8% over the past 3.9 years, 49.5 points behind SPY at 97.3%. Over the past year its total return — price change plus distributions reinvested — is 11.4%. Its deepest 1-year drawdown was 3.9%.

DECW key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

11/30/2022

Expense ratio

0.74%

Distribution frequency

None

Last close

$36.64 (as of 2026-10-16)

AUM

$230,086,276

Average volume

9175.0

Ex-dividend date

01/16/2024

Payment date

01/19/2024

Beta

0.46

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianzIM; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DECW risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.9%.

Who may consider DECW — and who may not

It is a weaker fit for investors who need monthly cash flow (DECW does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DECW

• All tickers starting with D

Tagged: Downside Protection, Options, Target, Large Cap.

Frequently asked questions

More securities from AllianzIM.