Which resets first, AIOO or QBSF?

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

Which is cheaper, AIOO or QBSF?

AIOO and QBSF both charge 0.64% a year, so neither is cheaper. Fees come from each fund's prospectus.

Open in the app Compare their flows Ask IQ about these two funds

AIOO vs QBSF: Cap, Buffer & Days Left

As of Oct 13, 2026 QBSF can fall 0.8% before its buffer engages and AIOO 0.5%. Net assets on Oct 13, 2026: $63m for AllianzIM U.S. Equity Buffer100 Protection ETF - Jan and $64m for AllianzIM U.S. Equity Buffer15 ETF - Jan.

Both cost 0.64% a year; their one-year returns differ by 3.8 points.

Points (pts) are percentage points.

AIOO vs QBSF: Cap, Buffer & Days Left
	AIOO	QBSF
Expense ratio	0.64%	0.64%
Net assets	$63m	$64m
Total return, 1 year	+4.0%	+7.8%
What it tracks	SPY	SPY
Holdings in common	not published

0.5%

AIOO can fall this far before its buffer

0.8%

QBSF can fall this far before its buffer

uncapped

AIOO can still gain

2.0%

QBSF can still gain

AIOONo cap

AIOO: reference +2.0% since period start, fund +0.5%; buffer Floor; no cap; No cap. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

QBSFBetween buffer and cap

QBSF: reference +2.0% since period start, fund +0.7%; buffer 0 to −15; cap +2.9%; Between buffer and cap. Figures to Oct 13, 2026.

These are two different products. AIOO is a floor fund, which caps how far a holder can fall. QBSF is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

AIOO has no cap. It takes 30% of whatever the index does, where QBSF takes all of the rise up to 2.9% and nothing above it.

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, 79 days from now; QBSF runs to Dec 31, 2026, 79 days. A fall from here reaches AIOO’s buffer after 0.5% and QBSF’s after 0.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AIOO vs QBSF: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AIOO	QBSF	AIOO	QBSF
3 months	+0.8%	+2.1%	−2.7 pts	−1.4 pts
6 months	+2.7%	+4.1%	−9.3 pts	−7.9 pts
1 year	+4.0%	+7.8%	−13.3 pts	−9.5 pts
Since launch AIOO Jul 2025 · QBSF Jul 2025	+6.1%	+10.3%	−19.8 pts	−15.7 pts

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

On the same fields

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

QBSF

AllianzIM U.S. Equity Buffer15 ETF - Jan · Absorbs the first 15% of loss on SPY and caps the gain at 2.9%, over a period ending Dec 31, 2026

Issuer AllianzIM AllianzIM

Reference index SPY SPY

Buffer 100% 15%

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

Days left 79 79

Starting cap uncapped +2.9%

Can still gain uncapped 2.0%

Fall before buffer 0.5% 0.8%

Protection left, index points 100.0% of 100.0% 15.0% of 15.0%

Index return this period +2.0% +2.0%

Fund return this period +0.5% +0.7%

State today Uncapped Open

Expense ratio 0.64% 0.64%

Net assets $63m $64m

As of Oct 13, 2026. Source: ETFIQ.

About AIOO

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 0.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.0% 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. 79 days remained on Oct 13, 2026. On Dec 31, 2026 the period ends and new terms are set.

About QBSF

From its price on Oct 13, 2026, the fund can gain about 2.0% more before it reaches its cap. The fund's price can fall 0.8% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. On Dec 31, 2026 the period ends and a new cap is set.

Questions people ask

Which resets first, AIOO or QBSF?: AIOO ends its outcome period on Dec 31, 2026 and QBSF on Dec 31, 2026. New terms are set the day after each.
Which is cheaper, AIOO or QBSF?: AIOO and QBSF both charge 0.64% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AIOO vs PBOC AIOO vs JANT AIOO vs PBJA AIOO vs OCTT QBSF vs PBOC QBSF vs OCTT QBSF vs OCTU QBSF vs AOCT

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

Where these figures came from

AIOO and QBSF filings on SEC EDGAR ↗AllianzIM page for AIOO ↗AllianzIM page for QBSF ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AIOO against QBSF, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/aioo-vs-qbsf

Open data

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