Summary
MARW
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 10.36% Volatility 7.93% Sharpe 0.81
Official loaded data — not a live quote.

ALLIANZIM U.S. EQUITY BUFFER20 MAR ETF

Symbol: MARW

Exchange: BATS

Sector: Technology

Category: Defined Outcome

Inception date: 28/02/2023

Latest date: 20/07/2026

Current price: $36.16

Expense ratio: 0.74%

Assets under management
$86.6M
-0.15% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

0.24%

Ann. -15.58% (Sharpe / Sortino numerator)

Volatility

8.81%

Sharpe ratio

-2.180

VaR 95%

-0.90%

CVaR 95%: -0.94%
Max drawdown: -3.36%
Sortino ratio: -3.709
Calmar ratio: -4.64

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

2.25%

Ann. -0.86% (Sharpe / Sortino numerator)

Volatility

5.79%

Sharpe ratio

-0.775

VaR 95%

-0.68%

CVaR 95%: -0.84%
Max drawdown: -3.39%
Sortino ratio: -0.955
Calmar ratio: -0.25

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

5.40%

Ann. 3.82% (Sharpe / Sortino numerator)

Volatility

4.83%

Sharpe ratio

0.039

VaR 95%

-0.56%

CVaR 95%: -0.77%
Max drawdown: -3.39%
Sortino ratio: 0.044
Calmar ratio: 1.13

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

10.36%

Ann. 10.08% (Sharpe / Sortino numerator)

Volatility

7.93%

Sharpe ratio

0.813

VaR 95%

-0.60%

CVaR 95%: -1.20%
Max drawdown: -4.01%
Sortino ratio: 0.865
Calmar ratio: 2.52

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

21.45%

Ann. 9.47% (Sharpe / Sortino numerator)

Volatility

6.80%

Sharpe ratio

0.859

VaR 95%

-0.67%

CVaR 95%: -1.03%
Max drawdown: -7.57%
Sortino ratio: 0.929
Calmar ratio: 1.25

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

34.96%

Ann. 10.42% (Sharpe / Sortino numerator)

Volatility

6.12%

Sharpe ratio

1.109

VaR 95%

-0.56%

CVaR 95%: -0.91%
Max drawdown: -7.57%
Sortino ratio: 1.266
Calmar ratio: 1.38

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.04%

Best day

1.247%

31/03/2026
Worst day

-0.971%

27/03/2026
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $36.21 $36.21 $36.16 $36.16 200
17/07/2026 $36.19 $36.19 $36.15 $36.18 4,800
16/07/2026 $36.26 $36.26 $36.26 $36.26 300
15/07/2026 $36.30 $36.30 $36.30 $36.30 200
14/07/2026 $36.27 $36.27 $36.27 $36.27 200
13/07/2026 $36.22 $36.22 $36.21 $36.21 1,200
10/07/2026 $36.28 $36.28 $36.28 $36.28 100
09/07/2026 $36.23 $36.23 $36.23 $36.23 0
08/07/2026 $36.07 $36.14 $36.06 $36.14 700
07/07/2026 $36.16 $36.16 $36.16 $36.16 400