Data as of Nov 4, 2026.

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Buffer ETFs

PMMY vs SIXZ: Cap, Buffer & Days Left

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As of Nov 4, 2026 PMMY can fall 2.9% before its buffer engages and SIXZ 1.2%.

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Net assets: $5.4m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - May, and $64m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - May.

At a glance
2.9%
PMMY can fall this far before its buffer
1.2%
SIXZ can fall this far before its buffer
3.9%
PMMY can still gain
7.0%
SIXZ can still gain
PMMY Full floor
Full floorPMMY: reference +6.7% since period start, fund +2.5%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.full floor beneath+6.7% gainedfull floor0% period start+7.0% cap+0.3% more to the capTODAY · SPY +6.7%Full floorPMMY: reference +6.7% since period start, fund +2.5%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.0% cap+6.7% gain captured+0.3% more to the capTODAY · SPY +6.7%

PMMY: reference +6.7% since period start, fund +2.5%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.

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.−10.0% floor0% start+8.3% cap10 pts of buffer+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

PMMY costs 0.24 points a year less; their one-year returns differ by 6.3 points; SIXZ is 11.9 times larger.

Points (pts) are percentage points.

PMMY vs SIXZ: Cap, Buffer & Days Left
MeasurePMMYSIXZ
Return
Total return, 1 year+5.1%+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$5.4m$64m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: PMMY vs SIXZ: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPMMYSIXZPMMYSIXZ
3 months+1.0%+2.3%+1.4 pts+2.7 pts
6 months+2.3%+4.7%−2.2 pts+0.2 pts
1 year+5.1%+11.4%−8.5 pts−2.1 pts
Since launchNot the same days: PMMY May 2025 · SIXZ May 2024+8.8%+30.2%−28.5 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

PMMY PGIM S&P 500 Max Buffer ETF - May · Absorbs the whole loss on SPY and caps the gain at 7.0%, 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
Reference index SPY SPY
Buffer 100% 10%
Outcome period May 1, 2026 to Apr 30, 2027 Nov 1, 2026 to Apr 30, 2027
Days left 177 177
Starting cap +7.0% +8.3%
Can still gain 3.9% 7.0%
Fall before buffer 2.9% 1.2%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +6.7% +1.5%
Fund return this period +2.5% +0.9%
State today Open Open
Expense ratio 0.50% 0.74%
Net assets, PMMY as of Nov 4, 2026 and SIXZ as of Nov 3, 2026 $5.4m $64m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

PMMY resets first, on Apr 30, 2027, 177 days from now; SIXZ runs to Apr 30, 2027, 177 days. PMMY can still gain 3.9% before its cap, SIXZ 7.0%. A fall from here reaches PMMY’s buffer after 2.9% 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
PMMY

From its price on Nov 4, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 2.9% 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: 100.0% of the 100.0% 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, PMMY or SIXZ?
From their prices on Nov 4, 2026, PMMY can gain about 3.9% before its cap and SIXZ about 7.0%, so SIXZ has more room left this period.
Which resets first, PMMY or SIXZ?
PMMY 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, PMMY or SIXZ?
PMMY charges 0.50% a year and SIXZ charges 0.74%, so PMMY is cheaper. Fees come from each fund's prospectus.
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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, PMMY against SIXZ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pmmy-vs-sixz

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