Which resets first, AIOO or FLAO?

AIOO ends its outcome period on Dec 31, 2026 and FLAO on Mar 31, 2027. New terms are set the day after each.

Which is cheaper, AIOO or FLAO?

AIOO charges 0.64% a year and FLAO charges 0.74%, so AIOO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

AIOO vs FLAO: Cap, Buffer & Days Left

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As of Nov 4, 2026 FLAO can fall 5.8% before its buffer engages and AIOO 0.3%, and AIOO resets 90 days sooner.

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Net assets on Nov 3, 2026: $67m for AllianzIM U.S. Equity Buffer100 Protection ETF - Jan and $8.6m for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF - Apr.

AIOO on its own →FLAO on its own →

At a glance

0.3%

AIOO can fall this far before its buffer

5.8%

FLAO can fall this far before its buffer

uncapped

AIOO can still gain

6.2%

FLAO can still gain

AIOO No cap

AIOO: reference +0.5% since period start, fund +0.3%; buffer Floor; no cap; No cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

FLAO Full floor

FLAO: reference +0.5% since period start, fund +0.5%; buffer −5 to floor; cap +7.1%; Full floor. Data to Nov 4, 2026.

Pair scorecard

AIOO costs 0.10 points a year less; their one-year returns differ by 0.6 points; AIOO is 7.8 times larger.

Points (pts) are percentage points.

AIOO vs FLAO: Cap, Buffer & Days Left
Measure	AIOO	FLAO
Return
Measure	AIOO	FLAO
Total return, 1 year	+3.3%	+2.7%
Drawdown
Measure	AIOO	FLAO
Index fall to the buffer	0.5%	5.5%
Benchmark
Measure	AIOO	FLAO
What it tracks	SPY	SPY
Cost and size
Measure	AIOO	FLAO
Expense ratio	0.64%	0.74%
Net assets, as of Nov 3, 2026	$67m	$8.6m
Holdings
Measure	AIOO	FLAO
Holdings in common	not published

Method

Window by window

Window by window: AIOO vs FLAO: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AIOO	FLAO	AIOO	FLAO
3 months	+0.1%	+1.2%	+0.5 pts	+1.6 pts
6 months	+1.4%	+3.1%	−3.1 pts	−1.4 pts
1 year	+3.3%	+2.7%	−10.2 pts	−10.8 pts
Since launchNot the same days: AIOO Jul 2025 · FLAO Apr 2024	+5.9%	+15.5%	−18.3 pts	−31.4 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

AIOO AllianzIM U.S. Equity Buffer100 Protection ETF - Jan · Absorbs the whole loss on SPY and does not cap the gain, over a period ending Dec 31, 2026 FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF - Apr · Absorbs losses from 5.0% to 100.0% on SPY and caps the gain at 7.1%, over a period ending Mar 31, 2027

Issuer AllianzIM AllianzIM

Reference index SPY SPY

Buffer 100% 5% to 100%

Outcome period Oct 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Mar 31, 2027

Days left 57 147

Starting cap uncapped +7.1%

Can still gain uncapped 6.2%

Fall before buffer 0.3% 5.8%

Protection left, index points 100.0% of 100.0% 95.0% of 95.0%

Index return this period +0.5% +0.5%

Fund return this period +0.3% +0.5%

State today Uncapped Open

Expense ratio 0.64% 0.74%

Net assets, as of Nov 3, 2026 $67m $8.6m

As of Nov 4, 2026. Source: ETFIQ.

AIOO has no cap. It takes 30% of whatever the index does, where FLAO takes all of the rise up to 7.1% and nothing above it.

They do not reset together. AIOO has 57 days of its period left and FLAO has 147, so the two are not the same bet on the same months.

Both are AllianzIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

AIOO resets first, on Dec 31, 2026, 57 days from now; FLAO runs to Mar 31, 2027, 147 days. A fall from here reaches AIOO’s buffer after 0.3% and FLAO’s after 5.8%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

AIOO

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and new terms are set.

FLAO

From its price on Nov 4, 2026, the fund can gain about 6.2% more before it reaches its cap. The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 5.5% from today's level to the point where the buffer begins. Protection left, in index points: 95.0% of the 95.0% buffer still sits below today's SPY level. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, AIOO or FLAO?: AIOO ends its outcome period on Dec 31, 2026 and FLAO on Mar 31, 2027. New terms are set the day after each.
Which is cheaper, AIOO or FLAO?: AIOO charges 0.64% a year and FLAO charges 0.74%, so AIOO is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIOO vs PMOC AIOO vs DDTJ AIOO vs CPSY AIOO vs DDTO FLAO vs CPST FLAO vs CPSP FLAO vs BALT FLAO vs AOCT

Where to next

SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AIOO on its own →FLAO on its own →Method →Standards and sources →

Sources and dates

AIOO and FLAO filings on SEC EDGAR ↗

AllianzIM page for AIOO ↗

AllianzIM page for FLAO ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIOO against FLAO, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/aioo-vs-flao

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.