Which has more room to gain, APRW or SIXO?

From their prices on Oct 13, 2026, APRW can gain about 3.3% before its cap and SIXO about 6.3%, so SIXO has more room left this period.

Which resets first, APRW or SIXO?

APRW 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, APRW or SIXO?

APRW and SIXO both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

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APRW vs SIXO: Cap, Buffer & Days Left

As of Oct 13, 2026 APRW can fall 7.8% before its buffer engages and SIXO 1.3%. Net assets on Oct 12, 2026: $204m for AllianzIM U.S. Equity Buffer20 ETF - Apr and $120m for AllianzIM U.S. Equity Buffer10 ETF - Apr.

Both cost 0.74% a year; their one-year returns differ by 1.5 points; APRW is 1.7 times larger.

Points (pts) are percentage points.

APRW vs SIXO: Cap, Buffer & Days Left
	APRW	SIXO
Expense ratio	0.74%	0.74%
Net assets, as of Oct 12, 2026	$204m	$120m
Total return, 1 year	+11.6%	+10.1%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	16.3%	1.9%

7.8%

APRW can fall this far before its buffer

1.3%

SIXO can fall this far before its buffer

3.3%

APRW can still gain

6.3%

SIXO can still gain

APRWAt its cap

APRW: reference +19.5% since period start, fund +7.6%; buffer 0 to −20; cap +11.9%; At its cap. Figures to Oct 13, 2026.

SIXOBetween buffer and cap

SIXO: reference +1.9% since period start, fund +1.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · APRW scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

APRW 61.8

SIXO 37.3

0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

APRW is already at its cap, so more rise in the index adds nothing to it before the period ends.

Both are AllianzIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

APRW resets first, on Mar 31, 2027, 169 days from now; SIXO runs to Mar 31, 2027, 169 days. APRW can still gain 3.3% before its cap, SIXO 6.3%. A fall from here reaches APRW’s buffer after 7.8% and SIXO’s after 1.3%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: APRW vs SIXO: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	APRW	SIXO	APRW	SIXO
3 months	+2.3%	+2.7%	−1.5 pts	−1.2 pts
6 months	+5.4%	+6.4%	−8.0 pts	−7.0 pts
1 year	+11.6%	+10.1%	−7.5 pts	−9.1 pts
3 years	+35.0%	+34.7%	−45.3 pts	−45.7 pts
Since launch Not the same days: APRW Jun 2020 · SIXO Oct 2021	+57.3%	+47.0%	−97.4 pts	−32.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

APRW

AllianzIM U.S. Equity Buffer20 ETF - Apr · Absorbs the first 20% of loss on SPY and caps the gain at 11.9%, 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

Issuer AllianzIM AllianzIM

Reference index SPY SPY

Buffer 20% 10%

Outcome period Apr 1, 2026 to Mar 31, 2027 Oct 1, 2026 to Mar 31, 2027

Days left 169 169

Starting cap +11.9% +7.7%

Can still gain 3.3% 6.3%

Fall before buffer 7.8% 1.3%

Protection left, index points 20.0% of 20.0% 10.0% of 10.0%

Index return this period +19.5% +1.9%

Fund return this period +7.6% +1.0%

State today At cap Open

Expense ratio 0.74% 0.74%

Net assets, as of Oct 12, 2026 $204m $120m

As of Oct 13, 2026. Source: ETFIQ.

About APRW

SPY had already risen past this fund's cap of +11.9% for the period on Oct 13, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.3% as the period runs out. The fund's price can fall 7.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.3% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 169 days remained on Oct 13, 2026. On Mar 31, 2027 the period ends and a new cap is set.

About SIXO

From its price on Oct 13, 2026, the fund can gain about 6.3% more before it reaches its cap. The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.9% from today's level to the point where the buffer begins. 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, APRW or SIXO?: From their prices on Oct 13, 2026, APRW can gain about 3.3% before its cap and SIXO about 6.3%, so SIXO has more room left this period.
Which resets first, APRW or SIXO?: APRW 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, APRW or SIXO?: APRW and SIXO both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRW vs XMAR APRW vs BAPR APRW vs GMAR APRW vs DMAR SIXO vs UOCT SIXO vs ZOCT SIXO vs EALT SIXO vs UAPR

SPDR® S&P 500® ETF Trust →APRW on its own →SIXO on its own →How every figure is computed →Standards and sources →

Where these figures came from

APRW and SIXO filings on SEC EDGAR ↗AllianzIM page for APRW ↗AllianzIM page for SIXO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APRW against SIXO, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/aprw-vs-sixo

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.