BMAR vs SIXP: Cap, Buffer & Days Left
As of Oct 9, 2026 BMAR can fall 9.8% before its buffer engages and SIXP 1.6%. Net assets: $206m on Oct 9, 2026 for Innovator U.S. Equity Buffer ETF - Mar, and $55m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Mar.
SIXP costs 0.05 points a year less; their one-year returns differ by 2.5 points; BMAR is 3.8 times larger.
| BMAR | SIXP | |
|---|---|---|
| Expense ratio | 0.79% | 0.74% |
| Net assets, as of Oct 8, 2026 | $206m | $55m |
| Total return, 1 year | +15.5% | +13.0% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 11.9% | 1.5% |
BMAR: reference +13.5% since period start, fund +10.3%; buffer 0 to −9; cap +17.0%; Between buffer and cap. Figures to Oct 9, 2026.
BMAR: reference +13.5% since period start, fund +10.3%; buffer 0 to −9; cap +17.0%; Between buffer and cap. Figures to Oct 9, 2026.
SIXP: reference +1.5% since period start, fund +1.3%; buffer 0 to −10; cap +7.6%; Between buffer and cap. Figures to Oct 9, 2026.
SIXP: reference +1.5% since period start, fund +1.3%; buffer 0 to −10; cap +7.6%; Between buffer and cap. Figures to Oct 9, 2026.
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
BMAR resets first, on Feb 28, 2027, 142 days from now; SIXP runs to Feb 28, 2027, 142 days. BMAR can still gain 5.6% before its cap, SIXP 5.9%. A fall from here reaches BMAR’s buffer after 9.8% and SIXP’s after 1.6%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | BMAR | SIXP | BMAR | SIXP |
| 3 months | +3.1% | +2.8% | 0.0 pts | −0.4 pts |
| 6 months | +10.3% | +8.6% | −4.3 pts | −6.0 pts |
| 1 year | +15.5% | +13.0% | −0.5 pts | −3.0 pts |
| 3 years | +62.5% | not published | −16.6 pts | not published |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
BMAR in plain words
From its price on Oct 9, 2026, the fund can gain about 5.6% more before it reaches its cap. The fund's price can fall 9.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.9% 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. 142 days remained on Oct 9, 2026. On Feb 28, 2027 the period ends and a new cap is set.
SIXP in plain words
From its price on Oct 9, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.5% 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
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.
ETFIQ, BMAR against SIXP, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bmar-vs-sixp
ETFIQ. (Oct 9, 2026). BMAR against SIXP. Retrieved from https://etfiq.com/compare/buffer/bmar-vs-sixp
[BMAR against SIXP (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/bmar-vs-sixp)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.