Data as of Nov 4, 2026.
FEBW vs SIXF: Cap, Buffer & Days Left
As of Nov 4, 2026 FEBW can fall 7.2% before its buffer engages and SIXF 2.7%.
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Net assets on Nov 3, 2026: $203m for AllianzIM U.S. Equity Buffer20 ETF - Feb and $53m for AllianzIM U.S. Equity Buffer10 ETF - Feb.
FEBW: reference +10.8% since period start, fund +6.9%; buffer 0 to −20; cap +10.6%; At its cap. Data to Nov 4, 2026.
FEBW: reference +10.8% since period start, fund +6.9%; buffer 0 to −20; cap +10.6%; At its 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.
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
Both cost 0.74% a year; their one-year returns differ by 3.5 points; FEBW is 3.8 times larger.
Points (pts) are percentage points.
| Measure | FEBW | SIXF |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.9% | +13.4% |
| Drawdown | ||
| Index fall to the buffer | 9.8% | 2.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.74% |
| Net assets, as of Nov 3, 2026 | $203m | $53m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | FEBW | SIXF | FEBW | SIXF |
| 3 months | +1.5% | +1.2% | +1.9 pts | +1.6 pts |
| 6 months | +4.2% | +5.8% | −0.3 pts | +1.3 pts |
| 1 year | +9.9% | +13.4% | −3.6 pts | −0.2 pts |
| 3 years | +38.2% | – | −38.2 pts | – |
| Since launchNot the same days: FEBW Feb 2023 · SIXF Feb 2024 | +45.6% | +40.7% | −41.1 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
As of Nov 4, 2026. Source: ETFIQ.
FEBW is already at its cap, so more rise in the index adds nothing to it before the period ends.
Both are AllianzIM funds, so the difference between them is the terms rather than the house.
Where each one stands today
FEBW resets first, on Jan 31, 2027, 88 days from now; SIXF runs to Jan 31, 2027, 88 days. FEBW can still gain 2.8% before its cap, SIXF 4.8%. A fall from here reaches FEBW’s buffer after 7.2% and SIXF’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.
FEBW
SPY had already risen past this fund's cap of +10.6% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.8% as the period runs out. The fund's price can fall 7.2% 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: 20.0% of the 20.0% 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
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.
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ETFIQ, FEBW against SIXF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/febw-vs-sixf
ETFIQ. (Nov 4, 2026). FEBW against SIXF. Retrieved from https://etfiq.com/compare/buffer/febw-vs-sixf
[FEBW against SIXF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/febw-vs-sixf)
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