Data as of Nov 4, 2026.

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Buffer ETFs

MARU vs SIXP: Cap, Buffer & Days Left

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As of Nov 4, 2026 MARU can fall 8.2% before its buffer engages and SIXP 1.1%.

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Net assets on Nov 3, 2026: $35m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar and $215m for AllianzIM U.S. Equity Buffer10 ETF - Mar.

At a glance
8.2%
MARU can fall this far before its buffer
1.1%
SIXP can fall this far before its buffer
uncapped
MARU can still gain
6.4%
SIXP can still gain
MARU No cap
No capMARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer+11.8% gained, no cap−15.0% floor0% period startno capTODAY · SPY +11.8%No capMARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+11.8% gained, no capTODAY · SPY +11.8%

MARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

MARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
SIXP Buffer working
Buffer workingSIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.10 of 10 pts left+7.6% to cap−10.0% floor0% period start+7.6% capTODAY · SPY 0.0%Buffer workingSIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.10 pts−10.0% floor0% start+7.6% cap+7.6% more to the capTODAY · SPY 0.0%

SIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.

SIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.74% a year; their one-year returns differ by 3.2 points; SIXP is 6.1 times larger.

Points (pts) are percentage points.

MARU vs SIXP: Cap, Buffer & Days Left
MeasureMARUSIXP
Return
Total return, 1 year+8.7%+11.9%
Drawdown
Index fall to the buffer10.5%0.0%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.74%
Net assets, as of Nov 3, 2026$35m$215m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · MARU scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score53.9MARU30.8SIXP

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: MARU vs SIXP: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowMARUSIXPMARUSIXP
3 months−1.2%+1.2%−0.8 pts+1.6 pts
6 months+2.5%+4.4%−2.0 pts−0.1 pts
1 year+8.7%+11.9%−4.9 pts−1.7 pts
Since launchNot the same days: MARU Mar 2025 · SIXP Mar 2024+21.7%+37.9%−9.7 pts−11.6 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

MARU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Feb 28, 2027 SIXP AllianzIM U.S. Equity Buffer10 ETF - Mar · Absorbs the first 10% of loss on SPY and caps the gain at 7.6%, over a period ending Feb 28, 2027
Reference index SPY SPY
Buffer 15% 10%
Outcome period Mar 1, 2026 to Feb 28, 2027 Sep 1, 2026 to Feb 28, 2027
Days left 116 116
Starting cap uncapped +7.6%
Can still gain uncapped 6.4%
Fall before buffer 8.2% 1.1%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +11.8% 0.0%
Fund return this period +8.1% +0.8%
State today Uncapped Buffer working
Expense ratio 0.74% 0.74%
Net assets, as of Nov 3, 2026 $35m $215m

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

MARU resets first, on Feb 28, 2027, 116 days from now; SIXP runs to Feb 28, 2027, 116 days. A fall from here reaches MARU’s buffer after 8.2% and SIXP’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
MARU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.5% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 116 days remained on Nov 4, 2026. On Feb 28, 2027 the period ends and new terms are set.

SIXP

From its price on Nov 4, 2026, the fund can gain about 6.4% more before it reaches its cap. The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. 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. On Feb 28, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, MARU or SIXP?
MARU ends its outcome period on Feb 28, 2027 and SIXP on Feb 28, 2027. New terms are set the day after each.
Which is cheaper, MARU or SIXP?
MARU and SIXP both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
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.

Cite this pageCitation, APA and Markdown

ETFIQ, MARU against SIXP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/maru-vs-sixp

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