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ETFs

AllianzIM U.S. Large Cap Buffer10 May ETF

MAYT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 28, 2023
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$138,950
AUM
$41,462,144
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 04/30/2024 3.08 C
98.46%
n/a
SPY 04/30/2024 415.89 P
2.87%
Cash&Other
Cash&Other
0.48%
n/a
SPY 04/30/2024 496.66 C
-0.48%
n/a
SPY 04/30/2024 374.34 P
-1.34%
Invest with MAYT

What is MAYT?

The AllianzIM U.S. Large Cap Buffer10 May 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 10% of the S&P 500 Index losses for the currently effective Outcome Period from May 1, 2021 to April 30, 2022.

ETFs related toMAYT

ETFs correlated to MAYT include GAUG, SPUU, SPXL

MAYT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 May ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
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
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF

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 toMAYT

#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 MAYT using Composer

FAQ

MAYT is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer10 May 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 10% of the S&P 500 Index losses for the currently effective Outcome Period from May 1, 2021 to April 30, 2022.

MAYT tracks the SPDR S&P 500 ETF Trust.

No, MAYT 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, MAYT 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 MAYT is -0.0053%. This is the percent change in the value of MAYT over the most recent 1-month period. The 3-month return on MAYT is 0.0052%. This is the percent change in the value of MAYT over the most recent 3-month period.

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

ETFs correlated to MAYT include GAUG, SPUU, and SPXL.

ETFs that are inversely correlated to MAYT include SPXS, SDS, and SPXU.

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.