Which has more room to gain, PFEB or SIXF?

From their prices on Nov 4, 2026, PFEB can gain about 3.6% before its cap and SIXF about 4.8%, so SIXF has more room left this period.

Which resets first, PFEB or SIXF?

PFEB ends its outcome period on Jan 31, 2027 and SIXF on Jan 31, 2027. A new cap is set the day after each.

Which is cheaper, PFEB or SIXF?

PFEB charges 0.79% a year and SIXF charges 0.74%, so SIXF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

PFEB vs SIXF: Cap, Buffer & Days Left

Share on X Download as PDF

As of Nov 4, 2026 PFEB can fall 7.9% before its buffer engages and SIXF 2.7%.

askIQ about this page

askIQ about PFEB and SIXF

Net assets: $884m on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Feb, and $53m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Feb.

PFEB on its own →SIXF on its own →

At a glance

7.9%

PFEB can fall this far before its buffer

2.7%

SIXF can fall this far before its buffer

3.6%

PFEB can still gain

4.8%

SIXF can still gain

PFEB Between buffer and cap

PFEB: reference +10.8% since period start, fund +7.9%; buffer 0 to −15; cap +12.4%; Between buffer and cap. Data to Nov 4, 2026.

SIXF Between buffer and cap

SIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

SIXF costs 0.05 points a year less; their one-year returns differ by 2.1 points; PFEB is 16.7 times larger.

Points (pts) are percentage points.

PFEB vs SIXF: Cap, Buffer & Days Left
Measure	PFEB	SIXF
Return
Measure	PFEB	SIXF
Total return, 1 year	+11.3%	+13.4%
Drawdown
Measure	PFEB	SIXF
Index fall to the buffer	9.7%	2.6%
Benchmark
Measure	PFEB	SIXF
What it tracks	SPY	SPY
Cost and size
Measure	PFEB	SIXF
Expense ratio	0.79%	0.74%
Net assets, as of Nov 3, 2026	$883m	$53m
Holdings
Measure	PFEB	SIXF
Holdings in common	not published

ETFIQ Downside Cover Score · PFEB scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score60.4PFEB38.7SIXF

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

PFEB 60.4

SIXF 38.7

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: PFEB vs SIXF: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	PFEB	SIXF	PFEB	SIXF
3 months	+1.4%	+1.2%	+1.8 pts	+1.6 pts
6 months	+4.4%	+5.8%	−0.1 pts	+1.3 pts
1 year	+11.3%	+13.4%	−2.3 pts	−0.2 pts
3 years	+44.0%	–	−32.4 pts	–
Since launchNot the same days: PFEB Feb 2020 · SIXF Feb 2024	+80.0%	+40.7%	−56.6 pts	−16.0 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

PFEB Innovator U.S. Equity Power Buffer ETF - Feb · Absorbs the first 15% of loss on SPY and caps the gain at 12.4%, over a period ending Jan 31, 2027 SIXF AllianzIM U.S. Equity Buffer10 ETF - Feb · Absorbs the first 10% of loss on SPY and caps the gain at 7.8%, over a period ending Jan 31, 2027

Issuer Innovator AllianzIM

Reference index SPY SPY

Buffer 15% 10%

Outcome period Jan 31, 2026 to Jan 31, 2027 Aug 1, 2026 to Jan 31, 2027

Days left 88 88

Starting cap +12.4% +7.8%

Can still gain 3.6% 4.8%

Fall before buffer 7.9% 2.7%

Protection left, index points 15.0% of 15.0% 10.0% of 10.0%

Index return this period +10.8% +2.6%

Fund return this period +7.9% +2.4%

State today Open Open

Expense ratio 0.79% 0.74%

Net assets, PFEB as of Nov 4, 2026 and SIXF as of Nov 3, 2026 $884m $53m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

PFEB resets first, on Jan 31, 2027, 88 days from now; SIXF runs to Jan 31, 2027, 88 days. PFEB can still gain 3.6% before its cap, SIXF 4.8%. A fall from here reaches PFEB’s buffer after 7.9% and SIXF’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

PFEB

From its price on Nov 4, 2026, the fund can gain about 3.6% more before it reaches its cap. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.7% 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. 88 days remained on Nov 4, 2026. On Jan 31, 2027 the period ends and a new cap is set.

SIXF

From its price on Nov 4, 2026, the fund can gain about 4.8% more before it reaches its cap. The fund's price can fall 2.7% 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, PFEB or SIXF?: From their prices on Nov 4, 2026, PFEB can gain about 3.6% before its cap and SIXF about 4.8%, so SIXF has more room left this period.
Which resets first, PFEB or SIXF?: PFEB ends its outcome period on Jan 31, 2027 and SIXF on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, PFEB or SIXF?: PFEB charges 0.79% a year and SIXF charges 0.74%, so SIXF is cheaper. Fees come from each fund's prospectus.

Other comparisons

PFEB vs DDFF PFEB vs FEBU PFEB vs XJAN PFEB vs CPSF SIXF vs DJAN SIXF vs BFEB SIXF vs UFEB SIXF vs ZFEB

Where to next

SPY →PFEB on its own →SIXF on its own →Method →Standards and sources →

Sources and dates

PFEB filings on SEC EDGAR ↗

Innovator page for PFEB ↗

SIXF filings on SEC EDGAR ↗

AllianzIM page for SIXF ↗

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, PFEB against SIXF, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pfeb-vs-sixf

Open data →

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