Data as of Nov 4, 2026.

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Buffer ETFs

PMFB vs SIXF: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMFB can fall 4.5% before its buffer engages and SIXF 2.7%.

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Net assets: $6.1m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - February, and $53m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Feb.

At a glance
4.5%
PMFB can fall this far before its buffer
2.7%
SIXF can fall this far before its buffer
2.1%
PMFB can still gain
4.8%
SIXF can still gain
PMFB At its cap
At its capPMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.full floor beneath+6.8%full floor0% period start+6.8% capTODAY · SPY +10.8%At its capPMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.full floor beneathfull floor0% start+6.8% cap+6.8% gain capturedTODAY · SPY +10.8%

PMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.
SIXF Between buffer and cap
Between buffer and capSIXF: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +7.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer−10.0% floor0% period start+7.8% cap+2.6% gain captured+5.1% more to the capTODAY · SPY +2.6%Between buffer and capSIXF: 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.−10.0% floor0% start+7.8% cap10 pts of buffer+2.6% gain captured+5.1% more to the capTODAY · SPY +2.6%

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.

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

PMFB costs 0.24 points a year less; their one-year returns differ by 7.2 points; SIXF is 8.7 times larger.

Points (pts) are percentage points.

PMFB vs SIXF: Cap, Buffer & Days Left
MeasurePMFBSIXF
Return
Total return, 1 year+6.2%+13.4%
Drawdown
Index fall to the buffer9.8%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$6.1m$53m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PMFB vs SIXF: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPMFBSIXFPMFBSIXF
3 months+1.2%+1.2%+1.6 pts+1.6 pts
6 months+2.6%+5.8%−1.9 pts+1.3 pts
1 year+6.2%+13.4%−7.4 pts−0.2 pts
Since launchNot the same days: PMFB Feb 2025 · SIXF Feb 2024+11.4%+40.7%−16.9 pts−16.0 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

PMFB PGIM S&P 500 Max Buffer ETF - February · Absorbs the whole loss on SPY and caps the gain at 6.8%, 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
Reference index SPY SPY
Buffer 100% 10%
Outcome period Feb 1, 2026 to Jan 31, 2027 Aug 1, 2026 to Jan 31, 2027
Days left 88 88
Starting cap +6.8% +7.8%
Can still gain 2.1% 4.8%
Fall before buffer 4.5% 2.7%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +10.8% +2.6%
Fund return this period +4.1% +2.4%
State today At cap Open
Expense ratio 0.50% 0.74%
Net assets, PMFB as of Nov 4, 2026 and SIXF as of Nov 3, 2026 $6.1m $53m

As of Nov 4, 2026. Source: ETFIQ.

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

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

Where each one stands today

PMFB resets first, on Jan 31, 2027, 88 days from now; SIXF runs to Jan 31, 2027, 88 days. PMFB can still gain 2.1% before its cap, SIXF 4.8%. A fall from here reaches PMFB’s buffer after 4.5% and SIXF’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
PMFB

SPY had already risen past this fund's cap of +6.8% 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 2.1% as the period runs out. The fund's price can fall 4.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.8% 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. 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, PMFB or SIXF?
From their prices on Nov 4, 2026, PMFB can gain about 2.1% before its cap and SIXF about 4.8%, so SIXF has more room left this period.
Which resets first, PMFB or SIXF?
PMFB 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, PMFB or SIXF?
PMFB charges 0.50% a year and SIXF charges 0.74%, so PMFB 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.

Cite this pageCitation, APA and Markdown

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

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