Data as of Nov 4, 2026.

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Buffer ETFs

BFEB vs SIXF: Cap, Buffer & Days Left

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As of Nov 4, 2026 BFEB can fall 9.2% before its buffer engages and SIXF 2.7%.

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Net assets: $204m on Nov 4, 2026 for Innovator U.S. Equity Buffer ETF - Feb, and $53m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Feb.

At a glance
9.2%
BFEB can fall this far before its buffer
2.7%
SIXF can fall this far before its buffer
5.9%
BFEB can still gain
4.8%
SIXF can still gain
BFEB Between buffer and cap
Between buffer and capBFEB: reference +10.8% since period start, fund +9.4%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.9 pts of buffer+10.8% gain captured+5.8% to cap−9.0% floor0% period start+16.6% capTODAY · SPY +10.8%Between buffer and capBFEB: reference +10.8% since period start, fund +9.4%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.9 pts+10.8%−9.0% floor0% start+16.6% cap+5.8% more to the capTODAY · SPY +10.8%

BFEB: reference +10.8% since period start, fund +9.4%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.

BFEB: reference +10.8% since period start, fund +9.4%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Data to Nov 4, 2026.
SIXF Between buffer and cap
Between buffer and capSIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+2.6%+5.1% to cap−10.0% floor0% period start+7.8% capTODAY · SPY +2.6%Between buffer and capSIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+7.8% cap+2.6% gain captured+5.1% more to the capTODAY · SPY +2.6%

SIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.

SIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

SIXF costs 0.05 points a year less; their one-year returns differ by 0.8 points; BFEB is 3.8 times larger.

Points (pts) are percentage points.

BFEB vs SIXF: Cap, Buffer & Days Left
MeasureBFEBSIXF
Return
Total return, 1 year+14.2%+13.4%
Drawdown
Index fall to the buffer9.7%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$204m$53m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · SIXF scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score20.5BFEB38.7SIXF

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: BFEB vs SIXF: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBFEBSIXFBFEBSIXF
3 months+1.1%+1.2%+1.5 pts+1.6 pts
6 months+4.9%+5.8%+0.4 pts+1.3 pts
1 year+14.2%+13.4%+0.7 pts−0.2 pts
3 years+60.8%–−15.6 pts–
Since launchNot the same days: BFEB Feb 2020 · SIXF Feb 2024+120.2%+40.7%−16.4 pts−16.0 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

BFEB Innovator U.S. Equity Buffer ETF - Feb · Absorbs the first 9% of loss on SPY and caps the gain at 16.6%, over a period ending Jan 31, 2027 SIXF AllianzIM U.S. Equity Buffer10 ETF - Feb · Absorbs the first 10% of loss on SPY and caps the gain at 7.8%, over a period ending Jan 31, 2027
Reference index SPY SPY
Buffer 9% 10%
Outcome period Jan 31, 2026 to Jan 31, 2027 Aug 1, 2026 to Jan 31, 2027
Days left 88 88
Starting cap +16.6% +7.8%
Can still gain 5.9% 4.8%
Fall before buffer 9.2% 2.7%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +10.8% +2.6%
Fund return this period +9.4% +2.4%
State today Open Open
Expense ratio 0.79% 0.74%
Net assets, BFEB as of Nov 4, 2026 and SIXF as of Nov 3, 2026 $204m $53m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

BFEB resets first, on Jan 31, 2027, 88 days from now; SIXF runs to Jan 31, 2027, 88 days. BFEB can still gain 5.9% before its cap, SIXF 4.8%. A fall from here reaches BFEB’s buffer after 9.2% and SIXF’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
BFEB

From its price on Nov 4, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 9.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.7% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 88 days remained on Nov 4, 2026. On Jan 31, 2027 the period ends and a new cap is set.

SIXF

From its price on Nov 4, 2026, the fund can gain about 4.8% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% 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, BFEB or SIXF?
From their prices on Nov 4, 2026, BFEB can gain about 5.9% before its cap and SIXF about 4.8%, so BFEB has more room left this period.
Which resets first, BFEB or SIXF?
BFEB ends its outcome period on Jan 31, 2027 and SIXF on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, BFEB or SIXF?
BFEB charges 0.79% a year and SIXF charges 0.74%, so SIXF is cheaper. Fees come from each fund's prospectus.
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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, BFEB against SIXF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bfeb-vs-sixf

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