SPBW AllianzIM Buffer20 Allocation ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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AllianzIM Buffer20 Allocation ETF (SPBW) ETF
No description available.
- Exchange
- BATS
- Inception
- 2025-01-07
- Has Options
- No
- Expense ratio
- 0.79% prospectus, filed Feb 27, 2026
- Assets
- $84M SEC filing, Jul 31, 2026
- Trailing yield
- —
- Average daily volume
- $500K 30 sessions
- Holdings
- 12 top 10 are 83.6%
- Listed
- Jan 7, 2025 Cboe BZX
Moves with. US large-cap stocks (87% of its variance, beta 0.31). These factors explain 87% of its daily moves over the last year.
Stated objective. The Fund seeks to provide capital appreciation with downside risk mitigation. (from the fund's prospectus)
- Jul 2026
- +$3.6M latest reported month
- Latest 3 months
- +$11M +13.6% of assets
- Latest 12 months
- +$39M +46.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$3.6M |
| Jun 2026 | +$3.6M |
| May 2026 | +$4.3M |
| Apr 2026 | +$6.9M |
| Mar 2026 | +$8.2M |
| Feb 2026 | +$2.8M |
| Jan 2026 | +$4.1M |
| Dec 2025 | +$2.0M |
| Nov 2025 | +$3.4M |
| Oct 2025 | +$1.3M |
| Sep 2025 | −$1.3M |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | — | 0.95% | $10.9B | +12.7% | compare |
| BALTInnovator Defined Wealth Shield ETF | — | 0.69% | $3.2B | +6.7% | compare |
| BUFDFT Vest Laddered Deep Buffer ETF | — | 0.95% | $2.2B | +10.4% | compare |
| BUFQFT Vest Laddered Nasdaq Buffer ETF | — | 1.00% | $1.7B | +14.8% | compare |
| FJANFT Vest U.S. Equity Buffer ETF - January | — | 0.85% | $1.5B | +13.4% | compare |
The largest other funds in the Buffer category.
- Authorized participants
- 3 active of 6 with agreements; top 3 did 100%
- Created · redeemed
- $40M · $1.3M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| DECW | ALLIANZIM US EQ BUFFER20 DEC | 8.42% | Equity (common) | US |
| AUGW | ALLIANZIM US EQ BUFFER20 AUG | 8.38% | Equity (common) | US |
| MARW | ALLIANZIM US EQ BUFFER20 MAR | 8.37% | Equity (common) | US |
| SEPW | ALLIANZIM US EQ BUFFER20 SEP | 8.36% | Equity (common) | US |
| NVBW | ALLIANZIM US EQ BUFFER20 NOV | 8.36% | Equity (common) | US |
| OCTW | ALLIANZIM US EQ BUFFER20 OCT | 8.36% | Equity (common) | US |
| JANW | ALLIANZIM US EQ BUFFER20 JAN | 8.34% | Equity (common) | US |
| FEBW | ALLIANZIM US EQ BUFFER20 FEB | 8.34% | Equity (common) | US |
| JULW | ALLIANZIM US EQ BUFFER20 JUL | 8.33% | Equity (common) | US |
| APRW | ALLIANZIM US EQ BUFFER20 APR | 8.30% | Equity (common) | US |
| MAYW | ALLIANZIM US EQ BUFFER20 MAY | 8.22% | Equity (common) | US |
| JUNW | ALLIANZIM US EQ BUFFER20 JUN | 8.20% | Equity (common) | US |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | 0.89% | 0.56% | 0.73% |
| Feb | 0.01% | 0.00% | 0.01% |
| Mar | -1.82% | -1.48% | -1.65% |
| Apr | -0.31% | 3.34% | 1.51% |
| May | 2.92% | 1.27% | 2.09% |
| Jun | 2.27% | 0.05% | 1.16% |
| Jul | 1.09% | 0.51% | 0.80% |
| Aug | 1.63% | 0.66% | 1.15% |
| Sep | 1.36% | 0.47% | 0.92% |
| Oct | 0.59% | 0.34%* | 0.46% |
| Nov | 0.36% | -- | 0.36% |
| Dec | 0.89% | -- | 0.89% |
| Total | 10.25% | 5.80% | 8.03% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Strong technical momentum signals from MACD, RSI, and Stochastic Oscillators
- Consolidation phase in a relatively low-volatility environment
- No recent news headlines available to influence sentiment
Primary Risks:
- Overbought conditions from RSI and Stochastic Oscillators may lead to near-term correction
- Low volatility can limit price movements and increase uncertainty
Investment Thesis: The stock appears to be consolidating in a relatively low-volatility environment, with strong technical momentum signals suggesting potential for further upside. However, the overbought conditions from RSI and Stochastic Oscillators warrant caution, and further analysis is required to determine whether this trend will continue or if a correction is imminent.
Recent News Sentiment Impact: No recent news headlines are available to influence sentiment, allowing us to focus solely on technical analysis.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Bullish, Medium-term (1-3 months) - Consolidating, Long-term (3-12 months) - Bullish
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $28.44
- SMA 50: $27.97
- SMA 200: $27.35
- Upper Bollinger Band: $28.65
- Lower Bollinger Band: $28.23
Momentum Signals:
- RSI interpretation (overbought >70, oversold <30, neutral 30-70): Overbought (75.72)
- MACD signal (bullish/bearish crossover): Bullish (0.16 / Signal: -0.01 / Histogram: 0.17)
- Bollinger Bands position (squeeze, breakout, mean reversion): Neutral
- Volume Analysis: Low volume and no clear institutional interest signals
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines are available.
Sentiment Assessment: Neutral sentiment due to lack of recent news.
Catalyst Identification: None identified at this time.
Market Narrative: The market is currently consolidating, with no significant news catalysts influencing the stock's price movement.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.33).
Volatility Regime: Low volatility environment.
Options Market Signals: No options data available.
Downside Protection: Support levels and risk management considerations:
- SMA 20: $28.44
- SMA 50: $27.97
Market Context & Positioning
Sector Performance: The stock's sector is currently consolidating, with no significant trends emerging.
Institutional Activity: No clear institutional interest signals are present.
Correlation Analysis: Correlated with the broader market (R-squared interpretation).
Relative Valuation: Position within trading range:
- Lower Bollinger Band: $28.23
- Upper Bollinger Band: $28.65
Key Levels & Action Items
Critical Price Levels: Support/resistance levels to monitor:
- SMA 20: $28.44
- SMA 50: $27.97
- SMA 200: $27.35
- Upper Bollinger Band: $28.65
- Lower Bollinger Band: $28.23
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 20: $28.44 (breakout potential)
- SMA 50: $27.97 (breakdown risk)
Time-Sensitive Catalysts: None identified at this time.
Risk Management: Stop-loss levels and position sizing considerations:
- SMA 20: $28.44
- SMA 50: $27.97
Note: No buy/sell advice is provided, as the report focuses on risk/reward analysis only.
SPBW Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
SPBW Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| DECW | ALLIANZIM US EQ BUFFER20 DEC | 8.42% | $36.69 | -0.35% | -0.20% | +0.36% |
| AUGW | ALLIANZIM US EQ BUFFER20 AUG | 8.38% | $34.99 | +0.24% | +0.29% | +0.60% |
| MARW | ALLIANZIM US EQ BUFFER20 MAR | 8.37% | $37.09 | +0.16% | +0.23% | +0.69% |
| SEPW | ALLIANZIM US EQ BUFFER20 SEP | 8.36% | $33.95 | -0.56% | -0.41% | -0.03% |
| NVBW | ALLIANZIM US EQ BUFFER20 NOV | 8.36% | $36.76 | -0.46% | -0.27% | +0.51% |
| OCTW | ALLIANZIM US EQ BUFFER20 OCT | 8.36% | $42.06 | -0.57% | -0.43% | +0.26% |
| JANW | ALLIANZIM US EQ BUFFER20 JAN | 8.34% | $39.71 | -0.25% | -0.16% | +0.40% |
| FEBW | ALLIANZIM US EQ BUFFER20 FEB | 8.34% | $36.48 | -0.26% | -0.22% | +0.33% |
| JULW | ALLIANZIM US EQ BUFFER20 JUL | 8.33% | $41.6 | -0.38% | -0.37% | +0.13% |
| APRW | ALLIANZIM US EQ BUFFER20 APR | 8.30% | $37.95 | -0.26% | -0.17% | +0.30% |
| MAYW | ALLIANZIM US EQ BUFFER20 MAY | 8.22% | $35.61 | -0.31% | -0.34% | +0.14% |
| JUNW | ALLIANZIM US EQ BUFFER20 JUN | 8.20% | $35.03 | -0.36% | -0.24% | +0.21% |