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ETFs

AllianzIM U.S. Large Cap Buffer20 May ETF

MAYW
$--
Today’s Change
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Snapshot
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Inception Date
Apr 28, 2023
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$130,203
AUM
$77,209,170
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 3.12 C
99.19%
n/a
SPY 04/30/2024 415.97 P
2.90%
Cash&Other
Cash&Other
0.43%
n/a
SPY 04/30/2024 332.74 P
-0.67%
n/a
SPY 04/30/2024 469.96 C
-1.85%
Invest with MAYW

What is MAYW?

AllianzIM U.S. Large Cap Buffer20 May ETF intends to invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the SPDR S&P 500 ETF Trust ("Underlying ETF"). The Fund uses FLEX Options to seek to deliver returns that match, at the end of a specified Outcome Period, the share price returns of the Underlying ETF (i.e., the market price returns of the Underlying ETF) up to the Cap. The Fund seeks to provide shareholders that hold shares for the entire Outcome Period with a downside loss buffer against the first 20% of Underlying ETF losses (the "Buffer"). The Buffer is measured based upon the Underlying ETF's share price at the time the Fund enters into the FLEX Options for the Outcome Period, which occurs on the business day immediately prior to the first day of the Outcome Period.

ETFs related toMAYW

ETFs correlated to MAYW include GAUG, XAUG, AUGW

MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) 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.

FAQ

MAYW is a US Equities ETF. AllianzIM U.S. Large Cap Buffer20 May ETF intends to invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the SPDR S&P 500 ETF Trust ("Underlying ETF"). The Fund uses FLEX Options to seek to deliver returns that match, at the end of a specified Outcome Period, the share price returns of the Underlying ETF (i.e., the market price returns of the Underlying ETF) up to the Cap. The Fund seeks to provide shareholders that hold shares for the entire Outcome Period with a downside loss buffer against the first 20% of Underlying ETF losses (the "Buffer"). The Buffer is measured based upon the Underlying ETF's share price at the time the Fund enters into the FLEX Options for the Outcome Period, which occurs on the business day immediately prior to the first day of the Outcome Period.

MAYW tracks the SPDR S&P 500 ETF Trust.

No, MAYW 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, MAYW 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 MAYW is -0.0006%. This is the percent change in the value of MAYW over the most recent 1-month period. The 3-month return on MAYW is 0.0077%. This is the percent change in the value of MAYW over the most recent 3-month period.

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

ETFs correlated to MAYW include GAUG, XAUG, and AUGW.

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

Disclaimers

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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.