AllianzIM U.S. Large Capped Buffer20 Nov ETF (NVBW) Performance
NVBW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.6% since Dec 31, 2025
- 1 year
- +9.8% total return
- 3 years
- +10.8% a year
- Since first price
- +10.1% a year since 2022
NVBW trailing returns vs SPY, QQQ, AGG
| Period | NVBW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.2% | +3.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.0% | +6.0% | +7.8% | +8.4% | −1.5% |
| YTD | +8.6% | +8.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +9.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +36.0%+10.8%/yr | +36.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 1, 2022 | +46.6%+10.1%/yr | +46.6% | — | — | — |
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: NVBW vs SPY
From Nov 1, 2022: NVBW grew to $14,657, SPY to $20,816.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVBW returns by calendar year
3 of 3 full years positive. Best 2023 (+12.7%), worst 2024 (+9.0%). 2026 is year to date.
NVBW annual returns table
| Year | NVBW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.6% | −4.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.3% | −8.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.0% | −1.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.7% | −7.2% | +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.
NVBW risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +10.0% | +9.5% |
| Volatility (annualized) | 4.9% | 5.6% |
| Sharpe ratio | 1.07 | 0.87 |
| Sortino ratio | 2.01 | 1.50 |
| Best month | +4.9% | +4.9% |
| Worst month | −2.3% | −2.9% |
| Best 12 months | +14.2% | +14.2% |
| Worst 12 months | +4.6% | +4.6% |
| Positive months | 78% | 76% |
| Beta vs S&P 500 | 0.37 | — |
| Correlation with S&P 500 | 0.93 | — |
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.
NVBW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 36 | +4.6% | +9.4% | +14.2% | 100% |
| 3-year (a year) | 12 | +8.0% | +9.4% | +11.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
NVBW performance overview
AllianzIM U.S. Large Capped Buffer20 Nov ETF (NVBW) returned +9.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +10.1% a year, turning $10,000 into about $14,657. Over the same year S&P 500 (SPY) returned +14.4%.
Related: NVBW chart. See the NVBW overview for the latest quote and fund facts.
NVBW performance FAQ
What is the NVBW return over the past year?
NVBW returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.8%.
How much would $10,000 invested in NVBW be worth?
$10,000 invested in NVBW at its first recorded close on November 1, 2022 would be worth about $14,657 on October 23, 2026 with distributions reinvested.
What was the worst year for NVBW?
The worst calendar year was 2024, with a total return of +9.0%. The best was 2023 at +12.7%.
How volatile is NVBW?
Over the past 3 years NVBW had an annualized volatility of 4.9% and a Sharpe ratio of 1.07 (excess return over 1–3 month T-bills per unit of risk).