AIOO vs PBAP
AllianzIM US Equity Buffer100 Protection ETF vs PGIM S&P 500 Buffer 20 ETF - April
Which is better, AIOO or PBAP?
PBAP has been ahead.
PBAP has a lower expense ratio. PBAP led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AIOO | PBAP |
|---|---|---|
| Expense Ratio | 0.64% | 0.50%Best |
| AUM | $63M | $38M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 16 |
| YTD Return | +3.07% | +9.59%Best |
| 1Y Return | +3.80% | +11.83%Best |
| Volatility (annualized) | 1.7%Best | 3.3% |
| Max Drawdown | -0.7%Best | -1.2% |
| $10,000 over 1.3 years | $10,593 | $11,473Best |
| Fund Family | AllianzIM | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 30, 2025 | Mar 29, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 1, 2025 to Oct 14, 2026 (1.3 years).
AIOO vs PBAP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
AIOO vs PBAP Performance
AllianzIM US Equity Buffer100 Protection ETF (AIOO) is an ETF from AllianzIM and PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments. Over the past year AIOO returned +3.80% while PBAP returned +11.83%. Year to date, AIOO is up 3.07% versus a gain of 9.59% for PBAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBAP has been the more volatile fund, with annualized monthly volatility of 3.3% compared with 1.7% for AIOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.7% for AIOO and -1.2% for PBAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AIOO charges 0.64% per year while PBAP charges 0.50%. On a $10,000 position that is $64 vs $50 annually, a gap of $14 per year that compounds over a long holding period. On income, AIOO currently yields 0.00% against 0.00% for PBAP.
You are not choosing between two funds in isolation.
Whichever of AIOO and PBAP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AIOO or PBAP?
AIOO has an expense ratio of 0.64% while PBAP charges 0.50%. PBAP is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, AIOO or PBAP?
Over the past year AIOO returned +3.80% vs +11.83% for PBAP, so PBAP leads on 1-year performance. Over the longest common window we track (1 years), AIOO annualized +4.53% vs +11.15% for PBAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIOO or PBAP?
PBAP has been the more volatile fund at 3.3% annualized versus 1.7% for AIOO. Worst drawdown: AIOO -0.7% vs PBAP -1.2%.
Should I hold both AIOO and PBAP?
AIOO and PBAP have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AIOO or PBAP?
AIOO yields 0.00% while PBAP yields 0.00%, so PBAP currently pays the higher dividend yield.
Is PBAP better than AIOO?
PBAP has a lower expense ratio. PBAP led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.