Allianzim U.S. Large Cap Buffer20 Mar ETF (MARW) Performance
MARW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.5% since Dec 31, 2025
- 1 year
- +9.5% total return
- 3 years
- +11.9% a year
- Since first price
- +11.3% a year since 2023
MARW trailing returns vs SPY, QQQ, AGG
| Period | MARW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | +0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.3% | +4.3% | +7.8% | +8.4% | −1.5% |
| YTD | +7.5% | +7.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.5% | +9.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +40.1%+11.9%/yr | +40.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 28, 2023 | +47.7%+11.3%/yr | +47.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MARW vs SPY
From Feb 28, 2023: MARW grew to $14,774, SPY to $20,107.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MARW returns by calendar year
2 of 2 full years positive. Best 2024 (+11.1%), worst 2025 (+10.6%). 2026 is year to date.
MARW annual returns table
| Year | MARW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.5% | −3.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.6% | −7.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.1% | −3.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MARW risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +11.6% | +11.5% |
| Volatility (annualized) | 4.9% | 4.8% |
| Sharpe ratio | 1.40 | 1.38 |
| Sortino ratio | 2.79 | 2.70 |
| Best month | +4.7% | +4.7% |
| Worst month | −2.2% | −2.2% |
| Best 12 months | +15.8% | +15.8% |
| Worst 12 months | +7.9% | +7.9% |
| Positive months | 83% | 84% |
| Beta vs S&P 500 | 0.37 | — |
| Correlation with S&P 500 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MARW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 33 | +7.9% | +10.7% | +15.8% | 100% |
| 3-year (a year) | 9 | +10.2% | +11.3% | +12.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MARW performance overview
Allianzim U.S. Large Cap Buffer20 Mar ETF (MARW) returned +9.5% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +11.3% a year, turning $10,000 into about $14,774. Over the same year S&P 500 (SPY) returned +14.4%.
Related: MARW chart. See the MARW overview for the latest quote and fund facts.
MARW performance FAQ
What is the MARW return over the past year?
MARW returned +9.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
How much would $10,000 invested in MARW be worth?
$10,000 invested in MARW at its first recorded close on February 28, 2023 would be worth about $14,774 on October 23, 2026 with distributions reinvested.
What was the worst year for MARW?
The worst calendar year was 2025, with a total return of +10.6%. The best was 2024 at +11.1%.
How volatile is MARW?
Over the past 3 years MARW had an annualized volatility of 4.9% and a Sharpe ratio of 1.40 (excess return over 1–3 month T-bills per unit of risk).