AIOO vs PBSE
AllianzIM US Equity Buffer100 Protection ETF vs PGIM S&P 500 Buffer 20 ETF - September
Which is better, AIOO or PBSE?
PBSE has been ahead.
PBSE has a lower expense ratio. PBSE 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 | PBSE |
|---|---|---|
| Expense Ratio | 0.64% | 0.50%Best |
| AUM | $63M | $49M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 22 |
| YTD Return | +3.07% | +6.82%Best |
| 1Y Return | +3.80% | +9.13%Best |
| Volatility (annualized) | 1.7%Best | 3.9% |
| Max Drawdown | -0.7%Best | -3.1% |
| $10,000 over 1.3 years | $10,593 | $11,351Best |
| Fund Family | AllianzIM | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 30, 2025 | May 15, 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 PBSE 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 PBSE Performance
AllianzIM US Equity Buffer100 Protection ETF (AIOO) is an ETF from AllianzIM and PGIM S&P 500 Buffer 20 ETF - September (PBSE) is an ETF from PGIM Investments. Over the past year AIOO returned +3.80% while PBSE returned +9.13%. Year to date, AIOO is up 3.07% versus a gain of 6.82% for PBSE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBSE has been the more volatile fund, with annualized monthly volatility of 3.9% 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 -3.1% for PBSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIOO charges 0.64% per year while PBSE 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 PBSE.
You are not choosing between two funds in isolation.
Whichever of AIOO and PBSE 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 PBSE?
AIOO has an expense ratio of 0.64% while PBSE charges 0.50%. PBSE is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, AIOO or PBSE?
Over the past year AIOO returned +3.80% vs +9.13% for PBSE, so PBSE leads on 1-year performance. Over the longest common window we track (1 years), AIOO annualized +4.53% vs +10.24% for PBSE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIOO or PBSE?
PBSE has been the more volatile fund at 3.9% annualized versus 1.7% for AIOO. Worst drawdown: AIOO -0.7% vs PBSE -3.1%.
Should I hold both AIOO and PBSE?
AIOO and PBSE have a monthly-return correlation of 0.84, 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 PBSE?
AIOO yields 0.00% while PBSE yields 0.00%, so PBSE currently pays the higher dividend yield.
Is PBSE better than AIOO?
PBSE has a lower expense ratio. PBSE 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.