Which has more room to gain, BFEB or SIXF?

From their prices on Oct 13, 2026, BFEB can gain about 5.3% before its cap and SIXF about 4.4%, 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.

Share on X Download as PDF

Open in the app Compare their flows Ask IQ about these two funds

BFEB vs SIXF: Cap, Buffer & Days Left

As of Oct 13, 2026 BFEB can fall 9.7% before its buffer engages and SIXF 3.2%. Net assets on Oct 12, 2026: $208m for Innovator U.S. Equity Buffer ETF - Feb and $52m for AllianzIM U.S. Equity Buffer10 ETF - Feb.

SIXF costs 0.05 points a year less; their one-year returns differ by 1.8 points; BFEB is 4.0 times larger.

Points (pts) are percentage points.

BFEB vs SIXF: Cap, Buffer & Days Left
	BFEB	SIXF
Expense ratio	0.79%	0.74%
Net assets, as of Oct 12, 2026	$208m	$52m
Total return, 1 year	+17.3%	+15.5%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	11.0%	3.9%

9.7%

BFEB can fall this far before its buffer

3.2%

SIXF can fall this far before its buffer

5.3%

BFEB can still gain

4.4%

SIXF can still gain

BFEBBetween buffer and cap

BFEB: reference +12.3% since period start, fund +10.1%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 13, 2026.

SIXFBetween buffer and cap

SIXF: reference +4.0% since period start, fund +2.9%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Figures to Oct 13, 2026.

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

BFEB 19.7

SIXF 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 →

Where each one stands today

BFEB resets first, on Jan 31, 2027, 110 days from now; SIXF runs to Jan 31, 2027, 110 days. BFEB can still gain 5.3% before its cap, SIXF 4.4%. A fall from here reaches BFEB’s buffer after 9.7% and SIXF’s after 3.2%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BFEB vs SIXF: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BFEB	SIXF	BFEB	SIXF
3 months	+3.7%	+3.9%	−0.1 pts	+0.1 pts
6 months	+10.2%	+9.8%	−3.2 pts	−3.6 pts
1 year	+17.3%	+15.5%	−1.8 pts	−3.6 pts
3 years	+62.9%	not published	−17.5 pts	not published
Since launch Not the same days: BFEB Feb 2020 · SIXF Feb 2024	+121.7%	+41.4%	−18.4 pts	−17.7 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

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

Issuer Innovator AllianzIM

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 110 110

Starting cap +16.6% +7.8%

Can still gain 5.3% 4.4%

Fall before buffer 9.7% 3.2%

Protection left, index points 9.0% of 9.0% 10.0% of 10.0%

Index return this period +12.3% +4.0%

Fund return this period +10.1% +2.9%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets, as of Oct 12, 2026 $208m $52m

As of Oct 13, 2026. Source: ETFIQ.

About BFEB

From its price on Oct 13, 2026, the fund can gain about 5.3% more before it reaches its cap. The fund's price can fall 9.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.0% 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. 110 days remained on Oct 13, 2026. On Jan 31, 2027 the period ends and a new cap is set.

About SIXF

From its price on Oct 13, 2026, the fund can gain about 4.4% more before it reaches its cap. The fund's price can fall 3.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% 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, BFEB or SIXF?: From their prices on Oct 13, 2026, BFEB can gain about 5.3% before its cap and SIXF about 4.4%, 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.

Other comparisons

BFEB vs PMFB BFEB vs FEBU BFEB vs DDFF BFEB vs PBFB SIXF vs UFEB SIXF vs ZFEB SIXF vs XJAN SIXF vs DDFF

SPY →BFEB on its own →SIXF on its own →How every figure is computed →Standards and sources →

Where these figures came from

BFEB filings on SEC EDGAR ↗Innovator page for BFEB ↗SIXF filings on SEC EDGAR ↗AllianzIM page for SIXF ↗

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, BFEB against SIXF, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/bfeb-vs-sixf

Open data

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