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ETFs

AllianzIM U.S. Large Cap Buffer20 Aug ETF

AUGW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 31 2023
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$1,394,512
AUM
$148,599,843
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 07/31/2024 3.43 C
94.81%
n/a
SPY 07/31/2024 457.84 P
6.62%
Cash&Other
Cash&Other
0.69%
n/a
SPY 07/31/2024 517.67 C
-0.50%
n/a
SPY 07/31/2024 366.23 P
-1.63%
Invest with AUGW

What is AUGW?

The AllianzIM U.S. Large Cap Buffer20 Aug 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 August 1, 2023 to July 31, 2024.

ETFs related toAUGW

ETFs correlated to AUGW include VONE, FJUL, VV

AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
VONE
Vanguard Group, Inc. - Vanguard Russell 1000 Index ETF
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x 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.

Automated Strategies
Related toAUGW

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AUGW using Composer

FAQ

AUGW is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer20 Aug 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 August 1, 2023 to July 31, 2024.

AUGW tracks the SPDR S&P 500 ETF Trust.

No, AUGW 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, AUGW 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 AUGW is -0.0016%. This is the percent change in the value of AUGW over the most recent 1-month period. The 3-month return on AUGW is %. This is the percent change in the value of AUGW over the most recent 3-month period.

ETFs similar to AUGW include DJUL, DAUG, and FAUG.

ETFs correlated to AUGW include VONE, FJUL, and VV.

ETFs that are inversely correlated to AUGW include SH, SPXU, 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.