Which resets first, ARLU or SIXO?

ARLU 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, ARLU or SIXO?

ARLU charges 0.74% a year and SIXO charges 0.74%, so ARLU is cheaper. Fees come from each fund's prospectus.

ARLU vs SIXO: which one stands where?

As of Oct 1, 2026 ARLU can fall 11.9% before its buffer engages and SIXO 0.4%. AllianzIM U.S. Equity Buffer15 Uncapped ETF - Apr and AllianzIM U.S. Equity Buffer10 ETF - Apr.

11.9%

ARLU can fall this far before its buffer

0.4%

SIXO can fall this far before its buffer

uncapped

ARLU can still gain

7.3%

SIXO can still gain

ARLUNo cap

ARLU: reference +17.3% since period start, fund +12.6%; buffer 0 to −15; no cap; No cap.

SIXOBetween buffer and cap

SIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.

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

ARLU 10.4

SIXO 34.3

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

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

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

Where each one stands today

ARLU resets first, on Mar 31, 2027, 182 days from now; SIXO runs to Mar 31, 2027, 182 days. A fall from here reaches ARLU’s buffer after 11.9% and SIXO’s after 0.4%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	ARLU	SIXO	ARLU	SIXO
3 months	+1.5%	+2.1%	−1.0 pts	−0.4 pts
6 months	+12.3%	+8.1%	−4.7 pts	−8.9 pts
1 year	+8.7%	+8.1%	−7.1 pts	−7.7 pts
3 years	not published	+34.5%	not published	−50.5 pts

ARLU and SIXO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ARLU

AllianzIM U.S. Equity Buffer15 Uncapped ETF - Apr · Absorbs the first 15% of loss on SPY and does not cap the gain, 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 15% 10%

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

Days left 182 182

Starting cap uncapped +7.7%

Can still gain uncapped 7.3%

Fall before buffer 11.9% 0.4%

Protection left, index points 15.0% of 15.0% 10.0% of 10.0%

Index return this period +17.3% 0.0%

Fund return this period +12.6% 0.0%

State today Uncapped Open

Expense ratio 0.74% 0.74%

Net assets $55m $119m

ARLU and SIXO on the same fields, as of Oct 1, 2026. Source: ETFIQ.

ARLU in plain words

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 11.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 14.7% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 182 days remained on Oct 1, 2026. On Mar 31, 2027 the period ends and a new cap is set.

SIXO in plain words

From its price on Oct 1, 2026, the fund can gain about 7.3% more before it reaches its cap. The fund's price can fall 0.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% 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 resets first, ARLU or SIXO?: ARLU 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, ARLU or SIXO?: ARLU charges 0.74% a year and SIXO charges 0.74%, so ARLU is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARLU vs APOC ARLU vs BAPR ARLU vs CPSP ARLU vs DDFA SIXO vs BALT SIXO vs BAPR SIXO vs BOCT SIXO vs CPST

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

Where these figures came from

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

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ARLU against SIXO, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/arlu-vs-sixo

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.