Data as of Nov 4, 2026.

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Buffer ETFs

JANP vs SIXJ: Cap, Buffer & Days Left

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As of Nov 4, 2026 JANP can fall 9.6% before its buffer engages and SIXJ 3.0%.

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Net assets: $58m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - January, and $148m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.

At a glance
9.6%
JANP can fall this far before its buffer
3.0%
SIXJ can fall this far before its buffer
3.1%
JANP can still gain
5.0%
SIXJ can still gain
JANP Between buffer and cap
Between buffer and capJANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts of buffer+12.4% gain captured−12.0% floor0% period start+13.9% cap+1.5% more to the capTODAY · SPY +12.4%Between buffer and capJANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts+12.4% gained−12.0% floor0% start+13.9% cap+1.5% more to the capTODAY · SPY +12.4%

JANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.

JANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.
SIXJ Between buffer and cap
Between buffer and capSIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+2.7%+5.5% to cap−10.0% floor0% period start+8.2% capTODAY · SPY +2.7%Between buffer and capSIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+8.2% cap+2.7% gain captured+5.5% more to the capTODAY · SPY +2.7%

SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.

SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JANP costs 0.24 points a year less; their one-year returns differ by 0.9 points; SIXJ is 2.6 times larger.

Points (pts) are percentage points.

JANP vs SIXJ: Cap, Buffer & Days Left
MeasureJANPSIXJ
Return
Total return, 1 year+12.6%+11.7%
Drawdown
Index fall to the buffer11.1%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$58m$148m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · JANP scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score47.1JANP38.7SIXJ

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: JANP vs SIXJ: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJANPSIXJJANPSIXJ
3 months+1.6%+0.8%+2.0 pts+1.2 pts
6 months+5.0%+4.7%+0.6 pts+0.2 pts
1 year+12.6%+11.7%−0.9 pts−1.8 pts
3 years–+51.3%–−25.1 pts
Since launchNot the same days: JANP Jan 2024 · SIXJ Jan 2022+44.3%+48.9%−18.0 pts−11.7 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

JANP PGIM S&P 500 Buffer 12 ETF - January · Absorbs the first 12% of loss on SPY and caps the gain at 13.9%, over a period ending Dec 31, 2026 SIXJ AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 8.2%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 12% 10%
Outcome period Jan 1, 2026 to Dec 31, 2026 Jul 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +13.9% +8.2%
Can still gain 3.1% 5.0%
Fall before buffer 9.6% 3.0%
Protection left, index points 12.0% of 12.0% 10.0% of 10.0%
Index return this period +12.4% +2.7%
Fund return this period +10.0% +2.7%
State today Open Open
Expense ratio 0.50% 0.74%
Net assets, JANP as of Nov 4, 2026 and SIXJ as of Nov 3, 2026 $58m $148m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

JANP resets first, on Dec 31, 2026, 57 days from now; SIXJ runs to Dec 31, 2026, 57 days. JANP can still gain 3.1% before its cap, SIXJ 5.0%. A fall from here reaches JANP’s buffer after 9.6% and SIXJ’s after 3.0%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
JANP

From its price on Nov 4, 2026, the fund can gain about 3.1% more before it reaches its cap. The fund's price can fall 9.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

SIXJ

From its price on Nov 4, 2026, the fund can gain about 5.0% more before it reaches its cap. The fund's price can fall 3.0% 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, JANP or SIXJ?
From their prices on Nov 4, 2026, JANP can gain about 3.1% before its cap and SIXJ about 5.0%, so SIXJ has more room left this period.
Which resets first, JANP or SIXJ?
JANP ends its outcome period on Dec 31, 2026 and SIXJ on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, JANP or SIXJ?
JANP charges 0.50% a year and SIXJ charges 0.74%, so JANP is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

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, JANP against SIXJ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/janp-vs-sixj

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