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ETFs

AllianzIM U.S. Large Cap Buffer10 Nov ETF

NVBT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 31 2022
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$53,629
AUM
$17,550,000
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 10/31/2023 2.86 C
97.80%
n/a
SPY 10/31/2023 386.17 P
4.26%
Cash&Other
Cash&Other
0.39%
n/a
SPY 10/31/2023 489.48 C
-0.23%
n/a
SPY 10/31/2023 347.59 P
-2.23%
Invest with NVBT

What is NVBT?

The AllianzIM U.S. Large Cap Buffer10 Nov ETF (the Fund) seeks to match the returns of the SPDR S&P 500 ETF Trust up to a stated upside Cap, while providing a Buffer against the first 10% of the SPDR S&P 500 ETF Trust losses for the currently effective Outcome Period from November 1, 2022 to October 31, 2023.

ETFs related toNVBT

ETFs correlated to NVBT include BKLC, SPUU, BFEB

NVBT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 Nov ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
BFEB
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - February
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 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.

Automated Strategies
Related toNVBT

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NVBT using Composer

FAQ

NVBT is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer10 Nov ETF (the Fund) seeks to match the returns of the SPDR S&P 500 ETF Trust up to a stated upside Cap, while providing a Buffer against the first 10% of the SPDR S&P 500 ETF Trust losses for the currently effective Outcome Period from November 1, 2022 to October 31, 2023.

NVBT tracks the SPDR S&P 500 ETF Trust.

No, NVBT 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, NVBT 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 NVBT is -0.0092%. This is the percent change in the value of NVBT over the most recent 1-month period. The 3-month return on NVBT is 0.0315%. This is the percent change in the value of NVBT over the most recent 3-month period.

ETFs similar to NVBT include FJAN, FFEB, and BUFR.

ETFs correlated to NVBT include BKLC, SPUU, and BFEB.

ETFs that are inversely correlated to NVBT include SDS, SPDN, and SH.

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.