DECW vs TMB

Comparison between ALLIANZIM U.S. EQUITY BUFFER20 DEC ETF (DECW, ETF) and THORNBURG MULTI SECTOR BOND ETF (TMB, ETF).

DECW vs TMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DECW(ETF)	TMB(ETF)
Net Assets	$226M	$224M
Expense Ratio	0.74%	0.55%
Max Drawdown	8.76%	1.02%
Sharpe Ratio	1.44	-0.70
5Y Beta	0.39	0.07

Net Assets

Winner

DECW

$226M

TMB

$224M

Expense Ratio

DECW

0.74%

Winner

TMB

0.55%

Max Drawdown

DECW

8.76%

Winner

TMB

1.02%

Sharpe Ratio

Winner

DECW

1.44

TMB

-0.70

5Y Beta

DECW

0.39

Winner

TMB

0.07

DECW vs TMB - Historical Returns

Returns include dividend reinvestment.

Period	DECW	TMB
1 month	+0.59%	+0.03%
3 months	+3.38%	N/A
6 months	+5.11%	N/A
1 year	+12.39%	N/A
Max(CAGR)	+10.65%	+1.43%

Winner

DECW

+0.59%

TMB

+0.03%

DECW

+3.38%

TMB

N/A

DECW

+5.11%

TMB

N/A

DECW

+12.39%

TMB

N/A

Max(CAGR)

Winner

DECW

+10.65%

TMB

+1.43%

DECW vs TMB - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	DECW	TMB
2026	+5.45%	+0.22%
2025	+11.86%	N/A
2024	+8.98%	N/A
2023	+16.30%	N/A
2022	-2.77%	N/A

DECW vs TMB Drawdown Comparison

The maximum drawdown for DECW was -8.76%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.

The maximum drawdown for TMB was -0.67%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

The current DECW drawdown is -0.15%. The current TMB drawdown is -0.67%.

Rank	DECW	TMB
#1	-8.76% Feb 19, 2025 - Jun 24, 2025	-0.67% Jun 26, 2026 - Jul 21, 2026
#2	-7.15% Jul 31, 2023 - Nov 16, 2023	-0.59% Jun 16, 2026 - Jun 26, 2026
#3	-3.86% Jan 28, 2026 - Apr 14, 2026	-0.42% May 29, 2026 - Jun 11, 2026
#4	-3.78% Feb 7, 2023 - Apr 3, 2023	-0.10% Jun 11, 2026 - Jun 15, 2026
#5	-3.36% Dec 1, 2022 - Jan 23, 2023	N/A
#6	-2.26% Jul 16, 2024 - Aug 14, 2024	N/A
#7	-1.94% Nov 11, 2025 - Nov 24, 2025	N/A
#8	-1.73% Dec 4, 2024 - Jan 21, 2025	N/A
#9	-1.40% Mar 27, 2024 - May 6, 2024	N/A
#10	-1.35% Jun 2, 2026 - Jun 15, 2026	N/A
#11	-1.29% Apr 28, 2023 - May 18, 2023	N/A
#12	-1.28% Oct 8, 2025 - Oct 20, 2025	N/A
#13	-1.22% Jul 30, 2025 - Aug 8, 2025	N/A
#14	-1.21% Apr 13, 2023 - Apr 28, 2023	N/A
#15	-1.20% May 18, 2023 - May 26, 2023	N/A

Correlation

Correlation between DECW and TMB is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

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