Data as of Nov 4, 2026.
MART vs MARW: Cap, Buffer & Days Left
As of Nov 4, 2026 MART can fall 9.4% before its buffer engages and MARW 7.0%.
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Net assets on Nov 3, 2026: $29m for AllianzIM U.S. Equity Buffer10 ETF - Mar and $86m for AllianzIM U.S. Equity Buffer20 ETF - Mar.
MART: reference +11.8% since period start, fund +9.4%; buffer 0 to −10; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.
MART: reference +11.8% since period start, fund +9.4%; buffer 0 to −10; cap +15.9%; Between buffer and cap. Data to Nov 4, 2026.MARW: reference +11.8% since period start, fund +6.7%; buffer 0 to −20; cap +10.8%; At its cap. Data to Nov 4, 2026.
MARW: reference +11.8% since period start, fund +6.7%; buffer 0 to −20; cap +10.8%; At its cap. Data to Nov 4, 2026.Pair scorecard
Both cost 0.74% a year; their one-year returns differ by 4.3 points; MARW is 3.0 times larger.
Points (pts) are percentage points.
| Measure | MART | MARW |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.3% | +10.0% |
| Drawdown | ||
| Index fall to the buffer | 10.5% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.74% |
| Net assets, as of Nov 3, 2026 | $29m | $86m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | MART | MARW | MART | MARW |
| 3 months | +1.4% | +1.4% | +1.8 pts | +1.8 pts |
| 6 months | +4.9% | +3.8% | +0.5 pts | −0.6 pts |
| 1 year | +14.3% | +10.0% | +0.8 pts | −3.6 pts |
| 3 years | +59.1% | +38.0% | −17.3 pts | −38.4 pts |
| Since launchMART Mar 2023 · MARW Mar 2023 | +73.9% | +48.5% | −20.4 pts | −45.7 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
As of Nov 4, 2026. Source: ETFIQ.
MARW is already at its cap, so more rise in the index adds nothing to it 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
MART resets first, on Feb 28, 2027, 116 days from now; MARW runs to Feb 28, 2027, 116 days. MART can still gain 5.2% before its cap, MARW 3.2%. A fall from here reaches MART’s buffer after 9.4% and MARW’s after 7.0%. Both track SPY, so what separates them is where each is in its own period.
MART
From its price on Nov 4, 2026, the fund can gain about 5.2% more before it reaches its cap. The fund's price can fall 9.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.5% 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. 116 days remained on Nov 4, 2026. On Feb 28, 2027 the period ends and a new cap is set.
MARW
SPY had already risen past this fund's cap of +10.8% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.2% as the period runs out. The fund's price can fall 7.0% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.
Questions people ask
Links are sources, not endorsements. 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 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.
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ETFIQ, MART against MARW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/mart-vs-marw
ETFIQ. (Nov 4, 2026). MART against MARW. Retrieved from https://etfiq.com/compare/buffer/mart-vs-marw
[MART against MARW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/mart-vs-marw)
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