Data as of Nov 4, 2026.

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Buffer ETFs

PMDE vs SIXD: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMDE can fall 5.9% before its buffer engages and SIXD 2.1%.

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Net assets: $9.2m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - December, and $385m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jun.

At a glance
5.9%
PMDE can fall this far before its buffer
2.1%
SIXD can fall this far before its buffer
0.7%
PMDE can still gain
5.9%
SIXD can still gain
PMDE At its cap
At its capPMDE: reference +12.2% since period start, fund +5.7%; buffer Floor; cap +7.0%; At its cap. Data to Nov 4, 2026.full floor beneath+7% gainedfull floor0% period start+7.0% capTODAY · SPY +12.2%At its capPMDE: reference +12.2% since period start, fund +5.7%; buffer Floor; cap +7.0%; At its cap. Data to Nov 4, 2026.full floor beneath+7%full floor0% start+7.0% capTODAY · SPY +12.2%

PMDE: reference +12.2% since period start, fund +5.7%; buffer Floor; cap +7.0%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.
SIXD Between buffer and cap
Between buffer and capSIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer−10.0% floor0% period start+8.1% cap+1.4% gain captured+6.7% more to the capTODAY · SPY +1.4%Between buffer and capSIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.−10.0% floor0% start+8.1% cap10 pts of buffer+1.4% gain captured+6.7% more to the capTODAY · SPY +1.4%

SIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.

SIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

PMDE costs 0.24 points a year less; SIXD is far larger, $385m against $9.2m.

Points (pts) are percentage points.

PMDE vs SIXD: Cap, Buffer & Days Left
MeasurePMDESIXD
Drawdown
Index fall to the buffer10.9%1.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$9.2m$385m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PMDE vs SIXD: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPMDESIXDPMDESIXD
3 months+1.4%+0.1%+1.8 pts+0.5 pts
6 months+3.1%+3.3%−1.4 pts−1.2 pts
Since launchNot the same days: PMDE Dec 2025 · SIXD Dec 2025+5.8%+8.6%−7.0 pts−3.4 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

PMDE PGIM S&P 500 Max Buffer ETF - December · Absorbs the whole loss on SPY and caps the gain at 7.0%, over a period ending Nov 30, 2026 SIXD AllianzIM U.S. Equity Buffer10 ETF - Jun · Absorbs the first 10% of loss on SPY and caps the gain at 8.1%, over a period ending Nov 30, 2026
Reference index SPY SPY
Buffer 100% 10%
Outcome period Dec 1, 2025 to Nov 30, 2026 Jun 1, 2026 to Nov 30, 2026
Days left 26 26
Starting cap +7.0% +8.1%
Can still gain 0.7% 5.9%
Fall before buffer 5.9% 2.1%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +12.2% +1.4%
Fund return this period +5.7% +1.7%
State today At cap Open
Expense ratio 0.50% 0.74%
Net assets, PMDE as of Nov 4, 2026 and SIXD as of Nov 3, 2026 $9.2m $385m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMDE is a floor fund, which caps how far a holder can fall. SIXD is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

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

Where each one stands today

PMDE resets first, on Nov 30, 2026, 26 days from now; SIXD runs to Nov 30, 2026, 26 days. PMDE can still gain 0.7% before its cap, SIXD 5.9%. A fall from here reaches PMDE’s buffer after 5.9% and SIXD’s after 2.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
PMDE

SPY had already risen past this fund's cap of +7.0% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.7% as the period runs out. The fund's price can fall 5.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.9% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and a new cap is set.

SIXD

From its price on Nov 4, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 2.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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, PMDE or SIXD?
From their prices on Nov 4, 2026, PMDE can gain about 0.7% before its cap and SIXD about 5.9%, so SIXD has more room left this period.
Which resets first, PMDE or SIXD?
PMDE ends its outcome period on Nov 30, 2026 and SIXD on Nov 30, 2026. A new cap is set the day after each.
Which is cheaper, PMDE or SIXD?
PMDE charges 0.50% a year and SIXD charges 0.74%, so PMDE is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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.

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ETFIQ, PMDE against SIXD, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pmde-vs-sixd

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