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Data as of Nov 4, 2026.

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Buffer ETFs

FEBT vs SIXF: Cap, Buffer & Days Left

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As of Nov 4, 2026 FEBT can fall 9.1% before its buffer engages and SIXF 2.7%.

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Net assets on Nov 3, 2026: $101m for AllianzIM U.S. Equity Buffer10 ETF - Feb and $53m for AllianzIM U.S. Equity Buffer10 ETF - Feb.

FEBT on its own →SIXF on its own →
At a glance
9.1%
FEBT can fall this far before its buffer
2.7%
SIXF can fall this far before its buffer
5.1%
FEBT can still gain
4.8%
SIXF can still gain
FEBT Between buffer and cap
Between buffer and capFEBT: reference +10.8% since period start, fund +9.2%; buffer 0 to −10; cap +15.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+10.8% gain captured+4.7% to cap−10.0% floor0% period start+15.5% capTODAY · SPY +10.8%Between buffer and capFEBT: reference +10.8% since period start, fund +9.2%; buffer 0 to −10; cap +15.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts+10.8%−10.0% floor0% start+15.5% cap+4.7% more to the capTODAY · SPY +10.8%

FEBT: reference +10.8% since period start, fund +9.2%; buffer 0 to −10; cap +15.5%; Between buffer and cap. Data to Nov 4, 2026.

FEBT: reference +10.8% since period start, fund +9.2%; buffer 0 to −10; cap +15.5%; 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.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.74% a year; their one-year returns differ by 0.5 points; FEBT is 1.9 times larger.

Points (pts) are percentage points.

FEBT vs SIXF: Cap, Buffer & Days Left
MeasureFEBTSIXF
Return
Total return, 1 year+13.9%+13.4%
Drawdown
Index fall to the buffer9.8%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.74%
Net assets, as of Nov 3, 2026$101m$53m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · FEBT and SIXF score the same If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7FEBT38.7SIXF

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: FEBT vs SIXF: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowFEBTSIXFFEBTSIXF
3 months+1.2%+1.2%+1.6 pts+1.6 pts
6 months+5.0%+5.8%+0.5 pts+1.3 pts
1 year+13.9%+13.4%+0.3 pts−0.2 pts
3 years+60.0%–−16.4 pts–
Since launchNot the same days: FEBT Feb 2023 · SIXF Feb 2024+69.2%+40.7%−17.5 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

FEBT AllianzIM U.S. Equity Buffer10 ETF - Feb · Absorbs the first 10% of loss on SPY and caps the gain at 15.5%, 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 AllianzIM AllianzIM
Reference index SPY SPY
Buffer 10% 10%
Outcome period Feb 1, 2026 to Jan 31, 2027 Aug 1, 2026 to Jan 31, 2027
Days left 88 88
Starting cap +15.5% +7.8%
Can still gain 5.1% 4.8%
Fall before buffer 9.1% 2.7%
Protection left, index points 10.0% of 10.0% 10.0% of 10.0%
Index return this period +10.8% +2.6%
Fund return this period +9.2% +2.4%
State today Open Open
Expense ratio 0.74% 0.74%
Net assets, as of Nov 3, 2026 $101m $53m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

FEBT resets first, on Jan 31, 2027, 88 days from now; SIXF runs to Jan 31, 2027, 88 days. FEBT can still gain 5.1% before its cap, SIXF 4.8%. A fall from here reaches FEBT’s buffer after 9.1% 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
FEBT

From its price on Nov 4, 2026, the fund can gain about 5.1% more before it reaches its cap. The fund's price can fall 9.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.8% 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. 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.

Questions people ask

Which has more room to gain, FEBT or SIXF?
From their prices on Nov 4, 2026, FEBT can gain about 5.1% before its cap and SIXF about 4.8%, so FEBT has more room left this period.
Which resets first, FEBT or SIXF?
FEBT 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, FEBT or SIXF?
FEBT and SIXF both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
FEBT vs PMFBFEBT vs DDFFFEBT vs XJANFEBT vs DHDGSIXF vs DHDGSIXF vs XJANSIXF vs ZFEBSIXF vs UFEB
Where to next
SPDR® S&P 500® ETF Trust →FEBT on its own →SIXF on its own →FEBT dividend history →Method →Standards and sources →
Sources and dates
FEBT and SIXF filings on SEC EDGAR ↗
AllianzIM page for FEBT ↗
AllianzIM page for SIXF ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FEBT against SIXF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/febt-vs-sixf

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