NVBW ETF — AllianzIM U.S. Large Capped Buffer20 Nov ETF

AllianzIM U.S. Large Capped Buffer20 Nov ETF (NVBW)

Updated October 16, 2026.

NVBW is an ETF. its expense ratio is 0.74%. Total return is 46.5% over the past 4 years, 62.6 points behind SPY at 109.1%.

AllianzIM U.S. Large Capped Buffer20 Nov is an ETF that pursues a buffered strategy tracking the performance of the SPDR S&P 500 ETF over annual periods, offering downside protection against the first 20% of losses while capping upside gains at a specified maximum. The fund does not currently distribute income, and carries an expense ratio of 0.74%. It appeals to investors seeking equity exposure with defined risk parameters and downside cushioning over discrete one-year holding periods.

NVBW performance versus SPY

Price and return data through 2026-10-16.

Total return is 46.5% over the past 4 years, 62.6 points behind SPY at 109.1%. Over the past year its total return — price change plus distributions reinvested — is 10.4%. Its deepest 1-year drawdown was 4.0%.

NVBW key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

10/31/2022

Expense ratio

0.74%

Distribution frequency

None

Last close

$36.72 (as of 2026-10-16)

AUM

$96,764,997

Average volume

4230.0

Beta

0.38

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.

NVBW risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.0%.

Who may consider NVBW — and who may not

It is a weaker fit for investors who need monthly cash flow (NVBW 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 NVBW

• All tickers starting with N

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from AllianzIM.