AllianzIM U.S. Large Cap Buffer10 Nov ETF (NVBT) Performance
NVBT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.9% since Dec 31, 2025
- 1 year
- +11.2% total return
- 3 years
- +14.4% a year
- Since first price
- +12.9% a year since 2022
NVBT trailing returns vs SPY, QQQ, AGG
| Period | NVBT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.7% | −0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.5% | +6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.9% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.2% | +11.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.9%+14.4%/yr | +49.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 1, 2022 | +62.0%+12.9%/yr | +62.0% | — | — | — |
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: NVBT vs SPY
From Nov 1, 2022: NVBT grew to $16,196, SPY to $20,816.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVBT returns by calendar year
3 of 3 full years positive. Best 2023 (+16.3%), worst 2024 (+12.0%). 2026 is year to date.
NVBT annual returns table
| Year | NVBT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.9% | −6.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.8% | −12.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.0% | −2.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.3% | −10.0% | +26.2% | +54.9% | +5.7% |
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.
NVBT largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −12.9% | Apr 8, 2025 | Jun 10, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVBT risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +13.9% | +12.3% |
| Volatility (annualized) | 7.6% | 8.7% |
| Sharpe ratio | 1.19 | 0.88 |
| Sortino ratio | 2.42 | 1.55 |
| Best month | +7.4% | +7.4% |
| Worst month | −3.6% | −4.8% |
| Best 12 months | +21.1% | +21.1% |
| Worst 12 months | +4.7% | +4.7% |
| Positive months | 75% | 72% |
| Beta vs S&P 500 | 0.59 | — |
| Correlation with S&P 500 | 0.96 | — |
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.
NVBT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 36 | +4.7% | +12.4% | +21.1% | 100% |
| 3-year (a year) | 12 | +10.4% | +12.4% | +14.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
NVBT performance overview
AllianzIM U.S. Large Cap Buffer10 Nov ETF (NVBT) returned +11.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +12.9% a year, turning $10,000 into about $16,196. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.9%, from Feb 19, 2025 to Apr 8, 2025, and it took 2 months to get back to the old high. NVBT finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+16.3%) and the worst 2024 (+12.0%). Volatility has been 8.7% a year.
Related: NVBT chart. See the NVBT overview for the latest quote and fund facts.
NVBT performance FAQ
What is the NVBT return over the past year?
NVBT returned +11.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.2%.
How much would $10,000 invested in NVBT be worth?
$10,000 invested in NVBT at its first recorded close on November 1, 2022 would be worth about $16,196 on October 23, 2026 with distributions reinvested.
What was the worst year for NVBT?
The worst calendar year was 2024, with a total return of +12.0%. The best was 2023 at +16.3%.
What is the biggest drawdown of NVBT?
The largest peak-to-trough decline was −12.9% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 10, 2025, 2 months after the bottom.
How volatile is NVBT?
Over the past 3 years NVBT had an annualized volatility of 7.6% and a Sharpe ratio of 1.19 (excess return over 1–3 month T-bills per unit of risk).