MARM vs SIXO: which one stands where?

As of Oct 1, 2026 MARM can fall 4.3% before its buffer engages and SIXO 0.4%, and MARM resets 12 days sooner. FT Vest U.S. Equity Max Buffer ETF - March and AllianzIM U.S. Equity Buffer10 ETF - Apr.

4.3%
MARM can fall this far before its buffer
0.4%
SIXO can fall this far before its buffer
2.4%
MARM can still gain
7.3%
SIXO can still gain
MARMAt its cap
At its capMARM: reference +17.6% since period start, fund +3.6%; buffer 0 to −78; cap +7.0%; At its cap.77.8 pts of buffer+7%−77.8% floor0% period start+7.0% capTODAY · SPY +17.6%At its capMARM: reference +17.6% since period start, fund +3.6%; buffer 0 to −78; cap +7.0%; At its cap.77.8 pts of buffer−77.8% floor0% start+7.0% capTODAY · SPY +17.6%

MARM: reference +17.6% since period start, fund +3.6%; buffer 0 to −78; cap +7.0%; At its cap.

SIXOBetween buffer and cap
Between buffer and capSIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.10 pts−10.0% floor0% period start+7.7% capTODAY · SPY 0.0%Between buffer and capSIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.−10.0% floor0% start+7.7% capTODAY · SPY 0.0%

SIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.

ETFIQ Downside Cover Score · MARM scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

MARM is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

MARM resets first, on Mar 19, 2027, 170 days from now; SIXO runs to Mar 31, 2027, 182 days. MARM can still gain 2.4% before its cap, SIXO 7.3%. A fall from here reaches MARM’s buffer after 4.3% and SIXO’s after 0.4%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

Total returnGap to the reference
WindowMARMSIXOMARMSIXO
3 months+1.3%+2.1%−1.2 pts−0.4 pts
6 months+3.3%+8.1%−13.7 pts−8.9 pts
1 year+6.1%+8.1%−9.7 pts−7.7 pts
3 yearsnot published+34.5%not published−50.5 pts

MARM and SIXO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

MARM
FT Vest U.S. Equity Max Buffer ETF - March · Absorbs the first 78% of loss on SPY and caps the gain at 7.0%, over a period ending Mar 19, 2027
SIXO
AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 7.7%, over a period ending Mar 31, 2027
Issuer First Trust AllianzIM
Reference index SPY SPY
Buffer 78% 10%
Outcome period Mar 23, 2026 to Mar 19, 2027 Oct 1, 2026 to Mar 31, 2027
Days left 170 182
Starting cap +7.0% +7.7%
Can still gain 2.4% 7.3%
Fall before buffer 4.3% 0.4%
Protection left, index points 77.8% of 77.8% 10.0% of 10.0%
Index return this period +17.6% 0.0%
Fund return this period +3.6% 0.0%
State today At cap Open
Expense ratio 0.85% 0.74%
Net assets $106m $119m

MARM and SIXO on the same fields, as of Oct 1, 2026. Source: ETFIQ.

MARM in plain words

SPY had already risen past this fund's cap of +7.0% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.4% as the period runs out. The fund's price can fall 4.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 14.9% from today's level to the point where the buffer begins. Protection left, in index points: 77.8% of the 77.8% buffer still sits below today's SPY level. 170 days remained on Oct 1, 2026. On Mar 19, 2027 the period ends and a new cap is set.

SIXO in plain words

From its price on Oct 1, 2026, the fund can gain about 7.3% more before it reaches its cap. The fund's price can fall 0.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% 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. 182 days remained on Oct 1, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, MARM or SIXO?
From their prices on Oct 1, 2026, MARM can gain about 2.4% before its cap and SIXO about 7.3%, so SIXO has more room left this period.
Which resets first, MARM or SIXO?
MARM ends its outcome period on Mar 19, 2027 and SIXO on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, MARM or SIXO?
MARM charges 0.85% a year and SIXO charges 0.74%, so SIXO is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, MARM against SIXO, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/marm-vs-sixo

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.