SPBW 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

SPBW

AllianzIM Buffer20 Allocation ETF

7월 28일 3:39 PM ET (한국 7/29 04:39)

$28.78

+0.03 ▲ +0.12%

🌙 7월 28일 4:04 PM ET (한국 7/29 05:04)

$28.78

+0.00 +0.00%

SPBW ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.79%

Annual operating cost

Net Assets (AUM)

$83M

약 1141억원

Holdings

13 items

Dividend Yield

Management Style

Passive

Category ⓘ	US Equities - Quant Strat	Asset Type ⓘ	Equities (Stocks)	Return% 1Y ⓘ	9.32%	Total Holdings ⓘ	13	Perf Week ⓘ	-0.12%
ETF Type ⓘ	US Equities	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	-	AUM ⓘ	$83M	Perf Month ⓘ	0.78%
Expense ⓘ	0.79%	NAV ⓘ	$28.71	Return% 5Y ⓘ	-	52W High ⓘ	-1.77%	Perf Quarter ⓘ	2.09%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-	52W Low ⓘ	10.13%	Perf Half Y ⓘ	4.25%
Flows% 1M ⓘ	6.41%	Flows% YTD ⓘ	67.19%	Return% SI ⓘ	9.36%	Volatility(W/M) ⓘ	0.27% 0.33%	Perf YTD ⓘ	4.95%
SMA20 ⓘ	0.03%	SMA50 ⓘ	0.44%	SMA200 ⓘ	3.67%	RSI (14) ⓘ	54.77	Beta ⓘ	0.36
IPO ⓘ	2025/1/8	Prev Close ⓘ	$28.75	Perf Year ⓘ	9.29%	Avg Volume ⓘ	0.01M	Price ⓘ	$28.78

📊 AllianzIM Buffer20 Allocation ETF (SPBW) Investment Analysis

ETF Overview

AllianzIM Buffer20 Allocation ETF · US Equities - Quant Strat

일반 ETF — 카테고리 기반 분석만 제공됩니다

2025년 상장, 1년 운영 중.

AllianzIM Buffer20 Allocation ETF는 하방 위험을 완화하면서 자본 증식을 목표로 합니다. 1년 단위의 성과 기간 동안 S&P 500 지수 하락 시 첫 20%의 손실을 방어(버퍼)하도록 설계된 하위 ETF들에 분산 투자하며, 정상적인 상황에서 미국 대형주와 유사한 경제적 특성을 지닌 자산에 주로 배분하는 비분산형(Non-diversified) 펀드입니다.

📘 SPBW ETF 자세히 알아보기 →

U.S.optionsbufferupside-cap

규모: $83M 약 1141억원
운용사: Allianz
운용 방식: 패시브 (지수 추종)
상장일: 2025년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Average expense ratio — 0.79% annually

Mid-range within the US Equities - Quant Strat category.

Effective Annual Expense Ratio (Net Expense Ratio)

평균권

0.79%

My positionMid-range

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$790K

Same as category average

Category Median Annual Cost

$790K

Based on expense ratio of 0.79%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$14.1M

14.5% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

CBOX

Calamos Tax-Aware Collateral ETF

0.14%

-0.65%p annually

XBOX

Roundhill Ultra Short Duration No Dividend Target ETF

0.14%

-0.65%p annually

SELV

SEI QiM U.S. Large Cap Low Volatility Active ETF

0.15%

-0.64%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Insufficient return data

-8.5%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

If you had invested 1 year(s) ago

$100.0M

Today's value

$109.3M

→

Total gain

+$9.3M

Annualized +9.3%

1 Year

2025.07 ~ 2026.07

Annualized +9.32%

평균권

Trailed the benchmark by 8.5%p annually

My positionMid-range

Low range Average High range

3 Years

2023.07 ~ 2026.07

Listed 2025/1 — under 3 years

5 Years

2021.07 ~ 2026.07

Listed 2025/1 — under 5 years

10Y

2016.07 ~ 2026.07

Listed 2025/1 — under 10 years

1Y Cumulative Total Return Curve

2025-01-08 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

SPBW · Price Only SPBW · Price + Cumulative Dividends SPBW · Dividend Reinvested S&P 500 (SPY)

100

150

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

SPBW S&P 500 (SPY)

+40%

−40%

+10%

2025

+5%

2026 YTD

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

—

Completed years: 1 — 3+ years of data are needed for a win rate to be shown.

2025 ✗

2026 ✗ YTD

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ 34%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

Low Risk

Less volatile than the market average, making it relatively easy to hold over time.

Beta (market sensitivity)

평균권

0.36

If the market rises +10% +3.6%

If the market falls -10% -3.6%

My positionMid-range

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

평균권

±0.33%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-8.8%

Drawdown duration: 2 months

2025-02-19 → 2025-04-08

Recovered in about 56 days

2025-01-08 Worst -5% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

0.88

Average — Moderate risk-adjusted returns

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Strengths and weaknesses both present Check the fit below to see whether it matches your investing goal.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

보통

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

매우 낮음

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

매우 낮음

🧩

포트폴리오 보조

자산 배분·헤지 용도

낮음

👤

이런 분에게 어울려요

Long-term and recurring investors

✅ 강점

뚜렷한 강점이 드러나지 않아요.

⚠️ 약점·주의사항

🎯Trails benchmark by -8.5%p annually

Portfolio Composition

What's actually inside — sector weights and top holdings

12개 종목으로 구성

ℹ️ 왜 구성을 봐야 하나요?

ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.

🔬 집중도 한눈에 보기

총 보유종목

12개

상위 10개 비중

83.5%

최대 단일 종목

8.42%

집중도(HHI)

833

보통

⚠️ 소수 종목·섹터에 집중되어 있어, 해당 종목/섹터가 흔들리면 ETF 전체가 크게 영향을 받아요.

📋 상위 보유 종목 Top 10 Top 10이 전체의 83.5% 차지

티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)

QBKF ALLIANZIM US EQ BUFFER20 DEC

8.42%

QBKF ALLIANZIM US EQ BUFFER20 JUL

8.37%

QBKF ALLIANZIM US EQ BUFFER20 MAR

8.36%

QBKF ALLIANZIM US EQ BUFFER20 AUG

8.36%

QBKF ALLIANZIM US EQ BUFFER20 JAN

8.33%

QBKF ALLIANZIM US EQ BUFFER20 SEP

8.33%

QBKF ALLIANZIM US EQ BUFFER20 FEB

8.33%

QBKF ALLIANZIM US EQ BUFFER20 NOV

8.32%

QBKF ALLIANZIM US EQ BUFFER20 APR

8.32%

#10

QBKF ALLIANZIM US EQ BUFFER20 OCT

8.32%

Category Peers

Category: US Equities - Quant Strat

같은 카테고리 6종 중 AUM 6/6위 · 보수율 5/6위

카테고리: US Equities - Quant Strat

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 SPBW보다 유리, ▼ 표시는 SPBW보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
SPBW	AllianzIM Buffer20 Allocation ETF	0.79%	$83M	13	-	+4.95%	+9.29%
MOAT	VanEck Morningstar Wide Moat ETF	0.46% ▲	$11.6B ▲	56	1.30%	-	+9.20% ▼
PTLC	Pacer Trendpilot US Large Cap ETF	0.6% ▲	$3.2B ▲	505	1.02%	-	+10.43% ▲
BALT	Innovator Defined Wealth Shield ETF	0.69% ▲	$2.7B ▲	5	-	-	+6.08% ▼
ACIO	Aptus Collared Investment Opportunity ETF	0.79%	$2.3B ▲	217	0.38%	-	+8.44% ▼
PKW	Invesco BuyBack Achievers ETF	0.62% ▲	$1.7B ▲	228	0.76%	-	+16.53% ▲

AUM 내림차순 정렬 · ▲ SPBW보다 유리 · ▼ SPBW보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

21 ETFs tracking the same theme as SPBW using leveraged or covered call strategies (Leverage 8 · Inverse 5 · Covered Call 8)

Not direct derivatives of SPBW, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with SPBW, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)