Data as of Nov 4, 2026.
APXM vs SIXZ: Cap, Buffer & Days Left
As of Nov 4, 2026 APXM can fall 3.7% before its buffer engages and SIXZ 1.2%, and APXM resets 14 days sooner.
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Net assets on Nov 3, 2026: $22m for FT Vest U.S. Equity Max Buffer ETF - April and $64m for AllianzIM U.S. Equity Buffer10 ETF - May.
APXM: reference +8.0% since period start, fund +3.0%; buffer 0 to −50; cap +7.0%; At its cap. Data to Nov 4, 2026.
APXM: reference +8.0% since period start, fund +3.0%; buffer 0 to −50; cap +7.0%; At its cap. Data to Nov 4, 2026.SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.
SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
SIXZ costs 0.11 points a year less; their one-year returns differ by 6.4 points; SIXZ is 2.9 times larger.
Points (pts) are percentage points.
| Measure | APXM | SIXZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +5.0% | +11.4% |
| Drawdown | ||
| Index fall to the buffer | 7.4% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.74% |
| Net assets, as of Nov 3, 2026 | $22m | $64m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | APXM | SIXZ | APXM | SIXZ |
| 3 months | +1.0% | +2.3% | +1.4 pts | +2.7 pts |
| 6 months | +2.4% | +4.7% | −2.1 pts | +0.2 pts |
| 1 year | +5.0% | +11.4% | −8.6 pts | −2.1 pts |
| Since launchNot the same days: APXM Apr 2025 · SIXZ May 2024 | +9.7% | +30.2% | −39.5 pts | −23.1 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
APXM is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
APXM resets first, on Apr 16, 2027, 163 days from now; SIXZ runs to Apr 30, 2027, 177 days. APXM can still gain 3.1% before its cap, SIXZ 7.0%. A fall from here reaches APXM’s buffer after 3.7% and SIXZ’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
APXM
SPY had already risen past this fund's cap of +7.0% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.1% as the period runs out. The fund's price can fall 3.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% from today's level to the point where the buffer begins. Protection left, in index points: 50.1% of the 50.1% buffer still sits below today's SPY level. 163 days remained on Nov 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.
SIXZ
From its price on Nov 4, 2026, the fund can gain about 7.0% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. 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 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, APXM against SIXZ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/apxm-vs-sixz
ETFIQ. (Nov 4, 2026). APXM against SIXZ. Retrieved from https://etfiq.com/compare/buffer/apxm-vs-sixz
[APXM against SIXZ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/apxm-vs-sixz)
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