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ETFs

AllianzIM U.S. Large Cap Buffer20 Apr ETF

APRW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 28 2020
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$206,166
AUM
$133,416,636
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 03/28/2024 3.07 C
99.85%
n/a
SPY 03/28/2024 409.43 P
2.33%
Cash&Other
Cash&Other
0.34%
n/a
SPY 03/28/2024 327.51 P
-0.53%
n/a
SPY 03/28/2024 461.38 C
-2.00%
Invest with APRW

What is APRW?

The AllianzIM U.S. Large Cap Buffer20 Apr ETF (the "Fund") seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from April 1, 2021 to March 31, 2022.

ETFs related toAPRW

ETFs correlated to APRW include XAUG, PAPR, GAUG

APRW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Apr ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
PAPR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - April
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
PMAR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - March
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

APRW is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer20 Apr ETF (the "Fund") seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from April 1, 2021 to March 31, 2022.

APRW tracks the SPDR S&P 500 ETF Trust.

No, APRW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, APRW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APRW is -0.0008%. This is the percent change in the value of APRW over the most recent 1-month period. The 3-month return on APRW is 0.0098%. This is the percent change in the value of APRW over the most recent 3-month period.

The standard deviation of APRW for the past year is 0.0602%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to APRW include DAUG, FAUG, and BALT.

ETFs correlated to APRW include XAUG, PAPR, and GAUG.

ETFs that are inversely correlated to APRW include SH, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.