SPBX ETF — AllianzIM 6 Month Buffer10 Allocation ETF

AllianzIM 6 Month Buffer10 Allocation ETF (SPBX)

Updated October 16, 2026.

SPBX is an ETF. its expense ratio is 0.79%. Total return is 19.5% over the past 1.8 years, 12.5 points behind SPY at 32.0%.

AllianzIM's 6 Month Buffer10 Allocation ETF tracks the S&P 500 through underlying buffered ETFs that aim to match SPY's returns over rolling six-month periods while capping upside potential and protecting against the first 10% of downside losses in each period. The fund does not currently distribute income and carries an expense ratio of 0.79%. It appeals to equity investors seeking downside protection with a defined buffer against losses, though at the cost of limited upside participation.

SPBX performance versus SPY

Price and return data through 2026-10-16.

Total return is 19.5% over the past 1.8 years, 12.5 points behind SPY at 32.0%. Over the past year its total return — price change plus distributions reinvested — is 11.7%. Its deepest 1-year drawdown was 4.5%.

SPBX key facts

Issuer

AllianzIM

Asset type

ETF

Asset class

Equity

Inception date

01/07/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$29.88 (as of 2026-10-16)

AUM

$94,006,833

Average volume

30463.0

Beta

0.4168

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.

SPBX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.5%.

Who may consider SPBX — and who may not

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

• All tickers starting with S

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from AllianzIM.