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Data as of Nov 4, 2026.

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Buffer ETFs

PBMY vs SIXZ: Cap, Buffer & Days Left

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As of Nov 4, 2026 PBMY can fall 4.8% before its buffer engages and SIXZ 1.2%.

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Net assets: $40m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - May , and $64m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - May.

PBMY on its own →SIXZ on its own →
At a glance
4.8%
PBMY can fall this far before its buffer
1.2%
SIXZ can fall this far before its buffer
6.0%
PBMY can still gain
7.0%
SIXZ can still gain
PBMY Between buffer and cap
Between buffer and capPBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+6.7% gained−20.0% floor0% period start+11.3% cap+4.6% more to the capTODAY · SPY +6.7%Between buffer and capPBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+6.7%−20.0% floor0% start+11.3% cap+4.6% more to the capTODAY · SPY +6.7%

PBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.

PBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.
SIXZ Between buffer and cap
Between buffer and capSIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+6.9% to cap−10.0% floor0% period start+8.3% cap+1.5% gain capturedTODAY · SPY +1.5%Between buffer and capSIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+8.3% cap+1.5% gain captured+6.9% more to the capTODAY · SPY +1.5%

SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.

SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PBMY costs 0.24 points a year less; their one-year returns differ by 3.1 points; SIXZ is 1.6 times larger.

Points (pts) are percentage points.

PBMY vs SIXZ: Cap, Buffer & Days Left
MeasurePBMYSIXZ
Return
Total return, 1 year+8.3%+11.4%
Drawdown
Index fall to the buffer6.3%1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$40m$64m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBMY scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score92.3PBMY38.7SIXZ

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: PBMY vs SIXZ: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPBMYSIXZPBMYSIXZ
3 months+1.3%+2.3%+1.7 pts+2.7 pts
6 months+3.8%+4.7%−0.7 pts+0.2 pts
1 year+8.3%+11.4%−5.3 pts−2.1 pts
Since launchPBMY May 2024 · SIXZ May 2024+28.3%+30.2%−25.0 pts−23.1 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

PBMY PGIM S&P 500 Buffer 20 ETF - May · Absorbs the first 20% of loss on SPY and caps the gain at 11.3%, over a period ending Apr 30, 2027 SIXZ AllianzIM U.S. Equity Buffer10 ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 8.3%, over a period ending Apr 30, 2027
Issuer PGIM AllianzIM
Reference index SPY SPY
Buffer 20% 10%
Outcome period May 1, 2026 to Apr 30, 2027 Nov 1, 2026 to Apr 30, 2027
Days left 177 177
Starting cap +11.3% +8.3%
Can still gain 6.0% 7.0%
Fall before buffer 4.8% 1.2%
Protection left, index points 20.0% of 20.0% 10.0% of 10.0%
Index return this period +6.7% +1.5%
Fund return this period +4.5% +0.9%
State today Open Open
Expense ratio 0.50% 0.74%
Net assets, PBMY as of Nov 4, 2026 and SIXZ as of Nov 3, 2026 $40m $64m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PBMY resets first, on Apr 30, 2027, 177 days from now; SIXZ runs to Apr 30, 2027, 177 days. PBMY can still gain 6.0% before its cap, SIXZ 7.0%. A fall from here reaches PBMY’s buffer after 4.8% and SIXZ’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
PBMY

From its price on Nov 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 4.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.3% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.

SIXZ

From its price on Nov 4, 2026, the fund can gain about 7.0% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% 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, PBMY or SIXZ?
From their prices on Nov 4, 2026, PBMY can gain about 6.0% before its cap and SIXZ about 7.0%, so SIXZ has more room left this period.
Which resets first, PBMY or SIXZ?
PBMY ends its outcome period on Apr 30, 2027 and SIXZ on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, PBMY or SIXZ?
PBMY charges 0.50% a year and SIXZ charges 0.74%, so PBMY is cheaper. Fees come from each fund's prospectus.
Other comparisons
PBMY vs PMMYPBMY vs PMAYPBMY vs ZMAYPBMY vs CPSMSIXZ vs CPSNSIXZ vs CPSOSIXZ vs DDTNSIXZ vs CPSM
Where to next
SPDR S&P 500 ETF Trust →PBMY on its own →SIXZ on its own →PBMY dividend history →Method →Standards and sources →
Sources and dates
PBMY filings on SEC EDGAR ↗
PGIM website ↗
SIXZ filings on SEC EDGAR ↗
AllianzIM page for SIXZ ↗

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, PBMY against SIXZ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pbmy-vs-sixz

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