Data as of .
MRCP vs SIXP: which one stands where?
As of Sep 21, 2026 MRCP can fall 8.2% before its buffer engages and SIXP 1.0%, and SIXP resets 1 days sooner.
ETFIQ Downside Cover Score: MRCP scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
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
Where each one stands today
SIXP resets first, on Feb 28, 2027, 159 days from now; MRCP runs to Feb 28, 2027, 160 days. MRCP can still gain 5.2% before its cap, SIXP 6.5%. A fall from here reaches MRCP’s buffer after 8.2% and SIXP’s after 1.0%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| MRCP | SIXP | MRCP | SIXP | |
| 3 months | +2.5% | +2.2% | +0.2 pts | 0.0 pts |
| 6 months | +11.4% | +10.5% | −6.6 pts | −7.5 pts |
| 1 year | +13.2% | +12.1% | −3.4 pts | −4.5 pts |
| MRCP PGIM S&P 500 Buffer 12 ETF - March Absorbs the first 12% of loss on SPY and caps the gain at 14.5%, 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 | |
|---|---|---|
| Issuer | PGIM | AllianzIM |
| Reference index | SPY | SPY |
| Buffer | 12% | 10% |
| Outcome period | Mar 1, 2026 to Feb 28, 2027 | Sep 1, 2026 to Feb 28, 2027 |
| Days left | 160 | 159 |
| Starting cap | +14.5% | +7.6% |
| Can still gain | 5.2% | 6.5% |
| Fall before buffer | 8.2% | 1.0% |
| Protection left, index points | 12.0% of 12.0% | 10.0% of 10.0% |
| Index return this period | +12.8% | +0.9% |
| Fund return this period | +8.4% | +0.7% |
| State today | Open | Open |
| Expense ratio | 0.50% | 0.74% |
| Net assets | $29m | $53m |
MRCP in plain words
From its price on Sep 21, 2026, the fund can gain about 5.2% more before it reaches its cap. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.3% 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. 160 days remained on Sep 21, 2026. On Feb 28, 2027 the period ends and a new cap is set.
SIXP in plain words
From its price on Sep 21, 2026, the fund can gain about 6.5% more before it reaches its cap. The fund's price can fall 1.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.9% 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. 159 days remained on Sep 21, 2026.
Questions people ask
- Which has more room to gain, MRCP or SIXP?
- From their prices on Sep 21, 2026, MRCP can gain about 5.2% before its cap and SIXP about 6.5%, so SIXP has more room left this period.
- Which resets first, MRCP or SIXP?
- MRCP ends its outcome period on Feb 28, 2027 and SIXP on Feb 28, 2027. A new cap is set the day after each.
- Which is cheaper, MRCP or SIXP?
- MRCP charges 0.50% a year and SIXP charges 0.74%, so MRCP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MRCP against SIXP, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/mrcp-vs-sixp Free to use with attribution; the underlying files are at Open data.