Which has more room to gain, APRT or APRW?

From their prices on Oct 9, 2026, APRT can gain about 4.5% before its cap and APRW about 3.3%, so APRT has more room left this period.

Which resets first, APRT or APRW?

APRT ends its outcome period on Mar 31, 2027 and APRW on Mar 31, 2027. A new cap is set the day after each.

Which is cheaper, APRT or APRW?

APRT and APRW both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

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APRT vs APRW: Cap, Buffer & Days Left

As of Oct 9, 2026 APRT can fall 11.1% before its buffer engages and APRW 7.8%. Net assets on Oct 9, 2026: $47m for AllianzIM U.S. Equity Buffer10 ETF - Apr and $204m for AllianzIM U.S. Equity Buffer20 ETF - Apr.

Both cost 0.74% a year; their one-year returns differ by 5.3 points; APRW is 4.3 times larger.

Points (pts) are percentage points.

APRT vs APRW: Cap, Buffer & Days Left
	APRT	APRW
Expense ratio	0.74%	0.74%
Net assets	$47m	$204m
Total return, 1 year	+16.3%	+11.0%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	16.5%

11.1%

APRT can fall this far before its buffer

7.8%

APRW can fall this far before its buffer

4.5%

APRT can still gain

3.3%

APRW can still gain

APRTAt its cap

APRT: reference +19.7% since period start, fund +11.6%; buffer 0 to −10; cap +17.3%; At its cap. Figures to Oct 9, 2026.

APRWAt its cap

APRW: reference +19.7% since period start, fund +7.6%; buffer 0 to −20; cap +11.9%; At its cap. Figures to Oct 9, 2026.

ETFIQ Downside Cover Score · APRW scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

APRT 17

APRW 61.1

0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

Both are already at their cap, so neither gains from more rise in the index before the period ends.

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

Where each one stands today

APRT resets first, on Mar 31, 2027, 173 days from now; APRW runs to Mar 31, 2027, 173 days. APRT can still gain 4.5% before its cap, APRW 3.3%. A fall from here reaches APRT’s buffer after 11.1% and APRW’s after 7.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: APRT vs APRW: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	APRT	APRW	APRT	APRW
3 months	+2.9%	+2.1%	−0.3 pts	−1.0 pts
6 months	+8.4%	+5.8%	−6.2 pts	−8.8 pts
1 year	+16.3%	+11.0%	+0.3 pts	−5.0 pts
3 years	+51.9%	+34.7%	−27.3 pts	−44.4 pts
Since launch APRT Jun 2020 · APRW Jun 2020	+97.4%	+57.3%	−57.4 pts	−97.5 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

APRT

AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 17.3%, over a period ending Mar 31, 2027

APRW

AllianzIM U.S. Equity Buffer20 ETF - Apr · Absorbs the first 20% of loss on SPY and caps the gain at 11.9%, over a period ending Mar 31, 2027

Issuer AllianzIM AllianzIM

Reference index SPY SPY

Buffer 10% 20%

Outcome period Apr 1, 2026 to Mar 31, 2027 Apr 1, 2026 to Mar 31, 2027

Days left 173 173

Starting cap +17.3% +11.9%

Can still gain 4.5% 3.3%

Fall before buffer 11.1% 7.8%

Protection left, index points 10.0% of 10.0% 20.0% of 20.0%

Index return this period +19.7% +19.7%

Fund return this period +11.6% +7.6%

State today At cap At cap

Expense ratio 0.74% 0.74%

Net assets $47m $204m

As of Oct 9, 2026. Source: ETFIQ.

About APRT

SPY had already risen past this fund's cap of +17.3% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.5% as the period runs out. The fund's price can fall 11.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.5% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 173 days remained on Oct 9, 2026. On Mar 31, 2027 the period ends and a new cap is set.

About APRW

SPY had already risen past this fund's cap of +11.9% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.3% as the period runs out. The fund's price can fall 7.8% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, APRT or APRW?: From their prices on Oct 9, 2026, APRT can gain about 4.5% before its cap and APRW about 3.3%, so APRT has more room left this period.
Which resets first, APRT or APRW?: APRT ends its outcome period on Mar 31, 2027 and APRW on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, APRT or APRW?: APRT and APRW both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRT vs PAPR APRT vs XMAR APRT vs UAPR APRT vs SIXO APRW vs BAPR APRW vs GMAR APRW vs PMAP APRW vs DMAR

SPDR® S&P 500® ETF Trust →APRT on its own →APRW on its own →How every figure is computed →Standards and sources →

Where these figures came from

APRT and APRW filings on SEC EDGAR ↗AllianzIM page for APRT ↗AllianzIM page for APRW ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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, APRT against APRW, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/aprt-vs-aprw

Open data

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