Data as of Nov 4, 2026.

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Buffer ETFs

APOC vs SIXO: Cap, Buffer & Days Left

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As of Nov 4, 2026 SIXO can fall 1.0% before its buffer engages and APOC 0.6%.

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Net assets: $86m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct, and $119m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Apr.

At a glance
0.6%
APOC can fall this far before its buffer
1.0%
SIXO can fall this far before its buffer
3.6%
APOC can still gain
6.7%
SIXO can still gain
APOC Full floor
Full floorAPOC: reference +0.5% since period start, fund +0.5%; buffer Floor; cap +4.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+4.3% cap+0.5% gain captured+3.8% more to the capTODAY · SPY +0.5%Full floorAPOC: reference +0.5% since period start, fund +0.5%; buffer Floor; cap +4.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+4.3% cap+0.5% gain captured+3.8% more to the capTODAY · SPY +0.5%

APOC: reference +0.5% since period start, fund +0.5%; buffer Floor; cap +4.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.
SIXO Between buffer and cap
Between buffer and capSIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+7.2% to cap−10.0% floor0% period start+7.7% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capSIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.−10.0% floor0% start+7.7% cap10 pts of buffer+0.5% gain captured+7.2% more to the capTODAY · SPY +0.5%

SIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.

SIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

SIXO costs 0.05 points a year less; their one-year returns differ by 4.7 points; SIXO is 1.4 times larger.

Points (pts) are percentage points.

APOC vs SIXO: Cap, Buffer & Days Left
MeasureAPOCSIXO
Return
Total return, 1 year+3.1%+7.8%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$85m$119m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: APOC vs SIXO: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAPOCSIXOAPOCSIXO
3 months+1.3%+1.4%+1.6 pts+1.8 pts
6 months+2.5%+3.9%−2.0 pts−0.6 pts
1 year+3.1%+7.8%−10.4 pts−5.8 pts
3 years–+33.1%–−43.3 pts
Since launchNot the same days: APOC Oct 2024 · SIXO Oct 2021+6.4%+46.3%−28.5 pts−30.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

APOC Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct · Absorbs the whole loss on SPY and caps the gain at 4.3%, over a period ending Mar 31, 2027 SIXO AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 7.7%, over a period ending Mar 31, 2027
Reference index SPY SPY
Buffer 100% 10%
Outcome period Sep 30, 2026 to Mar 31, 2027 Oct 1, 2026 to Mar 31, 2027
Days left 147 147
Starting cap +4.3% +7.7%
Can still gain 3.6% 6.7%
Fall before buffer 0.6% 1.0%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +0.5% +0.5%
Fund return this period +0.5% +0.6%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets, APOC as of Nov 4, 2026 and SIXO as of Nov 3, 2026 $86m $119m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. APOC is a floor fund, which caps how far a holder can fall. SIXO is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

APOC resets first, on Mar 31, 2027, 147 days from now; SIXO runs to Mar 31, 2027, 147 days. APOC can still gain 3.6% before its cap, SIXO 6.7%. A fall from here reaches APOC’s buffer after 0.6% and SIXO’s after 1.0%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
APOC

From its price on Nov 4, 2026, the fund can gain about 3.6% more before it reaches its cap. The fund's price can fall 0.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

SIXO

From its price on Nov 4, 2026, the fund can gain about 6.7% more before it reaches its cap. The fund's price can fall 1.0% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, APOC or SIXO?
From their prices on Nov 4, 2026, APOC can gain about 3.6% before its cap and SIXO about 6.7%, so SIXO has more room left this period.
Which resets first, APOC or SIXO?
APOC ends its outcome period on Mar 31, 2027 and SIXO on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, APOC or SIXO?
APOC charges 0.79% a year and SIXO charges 0.74%, so SIXO is cheaper. Fees come from each fund's prospectus.
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, APOC against SIXO, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/apoc-vs-sixo

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