APRW vs ETX

Comparison between ALLIANZIM U.S. EQUITY BUFFER20 APR ETF (APRW, ETF) and Eaton Vance Municipal Income 2028 Term Trust (ETX, ETF).

5-Year PerformanceAPRW has outperformed ETX, delivering a return of +7.1% compared to +0.8%

APRW vs ETX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	APRW(ETF)	ETX(ETF)
Net Assets	$199M	$199M
Expense Ratio	0.74%	N/A
Max Drawdown	9.61%	32.76%
Sharpe Ratio	2.86	0.58
5Y Beta	0.38	0.08
5Y Dividends CAGR	N/A	3.62%

Net Assets

APRW

$199M

Winner

ETX

$199M

Expense Ratio

APRW

0.74%

ETX

N/A

Max Drawdown

Winner

APRW

9.61%

ETX

32.76%

Sharpe Ratio

Winner

APRW

2.86

ETX

0.58

5Y Beta

APRW

0.38

Winner

ETX

0.08

5Y Dividends CAGR

APRW

N/A

ETX

3.62%

APRW vs ETX - Historical Returns

Returns include dividend reinvestment.

Period	APRW	ETX
1 month	+0.77%	-1.04%
3 months	+5.31%	+1.06%
6 months	+6.96%	+0.30%
1 year	+12.34%	+8.67%
5 years(CAGR)	+7.14%	+0.84%
10 years(CAGR)	N/A	+3.32%
Max(CAGR)	+7.33%	+4.07%

Winner

APRW

+0.77%

ETX

-1.04%

Winner

APRW

+5.31%

ETX

+1.06%

Winner

APRW

+6.96%

ETX

+0.30%

Winner

APRW

+12.34%

ETX

+8.67%

5Y(CAGR)

Winner

APRW

+7.14%

ETX

+0.84%

10Y(CAGR)

APRW

N/A

ETX

+3.32%

Max(CAGR)

Winner

APRW

+7.33%

ETX

+4.07%

APRW vs ETX - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	APRW	ETX
2026	+6.38%	+2.23%
2025	+6.24%	+11.55%
2024	+11.33%	+6.08%
2023	+12.33%	-0.69%
2022	-2.92%	-13.36%
2021	+5.77%	-4.59%
2020	+5.88%	+12.33%
2019	N/A	+17.34%
2018	N/A	-3.05%
2017	N/A	+9.16%
2016	N/A	+8.96%
2015	N/A	+10.25%
2014	N/A	+24.43%
2013	N/A	-24.56%

APRW vs ETX Drawdown Comparison

The maximum drawdown for APRW was -9.61%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.

The maximum drawdown for ETX was -32.09%, occurring on Aug 16, 2013. Recovery took 649 trading sessions.

The current APRW drawdown is -0.03%. The current ETX drawdown is -1.76%.

Rank	APRW	ETX
#1	-9.61% Feb 19, 2025 - Jul 24, 2025	-32.09% May 3, 2013 - Nov 30, 2015
#2	-9.05% Apr 4, 2022 - May 17, 2023	-25.15% Dec 5, 2019 - Aug 3, 2020
#3	-3.91% Jul 16, 2024 - Aug 19, 2024	-24.19% Jun 29, 2021 - Oct 28, 2025
#4	-3.58% Sep 14, 2023 - Nov 10, 2023	-11.85% Aug 22, 2016 - Aug 29, 2017
#5	-2.66% Jun 8, 2020 - Jul 15, 2020	-9.62% Oct 2, 2018 - Jan 24, 2019
#6	-2.45% Mar 28, 2024 - May 9, 2024	-8.40% Sep 15, 2017 - Oct 2, 2018
#7	-1.94% Aug 30, 2024 - Sep 17, 2024	-7.93% Mar 22, 2021 - Jun 29, 2021
#8	-1.81% Dec 29, 2021 - Mar 18, 2022	-6.85% Dec 31, 2020 - Mar 22, 2021
#9	-1.53% Oct 12, 2020 - Nov 5, 2020	-6.85% Sep 9, 2020 - Nov 25, 2020
#10	-1.44% Jul 31, 2023 - Sep 1, 2023	-6.76% Sep 10, 2019 - Oct 8, 2019
#11	-1.36% Dec 16, 2024 - Jan 15, 2025	-5.69% Oct 8, 2019 - Dec 5, 2019
#12	-1.32% May 7, 2021 - May 27, 2021	-4.93% Oct 28, 2025 - May 19, 2026
#13	-1.28% Aug 28, 2020 - Oct 8, 2020	-4.14% Jul 7, 2016 - Aug 8, 2016
#14	-1.04% May 18, 2023 - Jun 1, 2023	-3.40% May 16, 2016 - Jun 3, 2016
#15	-0.94% Sep 2, 2021 - Oct 15, 2021	-3.09% Dec 2, 2020 - Dec 29, 2020

Correlation

Correlation between APRW and ETX is 0.43 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.43

-101

Dividend Comparison (2013 - 2026)

APRW vs ETX dividend yield comparison.

Year	APRW	ETX
2026	0.00%	2.51%
2025	0.00%	5.02%
2024	0.00%	5.33%
2023	0.00%	4.15%
2022	0.00%	4.62%
2021	0.00%	3.96%
2020	3.67%	3.60%
2019	0.00%	3.88%
2018	0.00%	4.46%
2017	0.00%	4.11%
2016	0.00%	4.33%
2015	0.00%	4.59%
2014	0.00%	5.26%
2013	0.00%	3.39%