SPBW ETF — AllianzIM Buffer20 Allocation ETF

AllianzIM Buffer20 Allocation ETF (SPBW)

Updated October 16, 2026.

SPBW is an ETF. its expense ratio is 0.79%. Total return is 17.4% over the past 1.8 years, 14.6 points behind SPY at 32.0%.

AllianzIM Buffer20 Allocation ETF pursues a buffered strategy through underlying ETFs that seek to match S&P 500 returns over one-year periods while capping upside gains and providing downside protection against the first 20% of losses. The fund does not currently distribute income, and charges an expense ratio of 0.79%. It appeals to equity investors seeking capital appreciation with modified risk characteristics rather than current income.

SPBW performance versus SPY

Price and return data through 2026-10-16.

Total return is 17.4% over the past 1.8 years, 14.6 points behind SPY at 32.0%. Over the past year its total return — price change plus distributions reinvested — is 9.7%. Its deepest 1-year drawdown was 2.9%.

SPBW key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

01/07/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$29.39 (as of 2026-10-16)

AUM

$92,784,532

Average volume

9324.0

Beta

0.3099

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.

SPBW risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.9%.

Who may consider SPBW — and who may not

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

• All tickers starting with S

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from AllianzIM.