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Data as of Nov 4, 2026.

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Buffer ETFs

PQX vs SIXO: Cap, Buffer & Days Left

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As of Nov 4, 2026 SIXO can fall 1.0% before its buffer engages and PQX 0.8%, and PQX resets 90 days sooner.

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Net assets: $8.7m on Nov 4, 2026 for PGIM S&P 500 Quarterly Buffer 10 ETF, and $119m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Apr.

PQX on its own →SIXO on its own →
At a glance
0.8%
PQX can fall this far before its buffer
1.0%
SIXO can fall this far before its buffer
2.7%
PQX can still gain
6.7%
SIXO can still gain
PQX Between buffer and cap
Between buffer and capPQX: reference +0.6% since period start, fund +0.6%; buffer 0 to −10; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer−10.0% floor0% period start+3.5% cap+0.6% gain captured+2.9% more to the capTODAY · SPY +0.6%Between buffer and capPQX: reference +0.6% since period start, fund +0.6%; buffer 0 to −10; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+3.5% cap+0.6% gain captured+2.9% more to the capTODAY · SPY +0.6%

PQX: reference +0.6% since period start, fund +0.6%; buffer 0 to −10; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.

PQX: reference +0.6% since period start, fund +0.6%; buffer 0 to −10; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.
SIXO Between buffer and cap
Between buffer and capSIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+7.2% more to the cap−10.0% floor0% period start+7.7% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capSIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+7.7% cap+0.5% gain captured+7.2% more to the capTODAY · SPY +0.5%

SIXO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +7.7%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PQX costs 0.24 points a year less; SIXO is 13.7 times larger.

Points (pts) are percentage points.

PQX vs SIXO: Cap, Buffer & Days Left
MeasurePQXSIXO
Return
Total return, 1 yearnot published+7.8%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$8.7m$119m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PQX and SIXO score the same If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7PQX38.7SIXO

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: PQX vs SIXO: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowPQXSIXOPQXSIXO
3 months+0.9%+1.4%+1.3 pts+1.8 pts
6 months–+3.9%–−0.6 pts
1 year–+7.8%–−5.8 pts
3 years–+33.1%–−43.3 pts
Since launchNot the same days: PQX Jul 2026 · SIXO Oct 2021+2.5%+46.3%−0.3 pts−30.3 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

PQX PGIM S&P 500 Quarterly Buffer 10 ETF · Absorbs the first 10% of loss on SPY and caps the gain at 3.5%, over a period ending Dec 31, 2026 SIXO AllianzIM U.S. Equity Buffer10 ETF - Apr · Absorbs the first 10% of loss on SPY and caps the gain at 7.7%, over a period ending Mar 31, 2027
Issuer PGIM AllianzIM
Reference index SPY SPY
Buffer 10% 10%
Outcome period Oct 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Mar 31, 2027
Days left 57 147
Starting cap +3.5% +7.7%
Can still gain 2.7% 6.7%
Fall before buffer 0.8% 1.0%
Protection left, index points 10.0% of 10.0% 10.0% of 10.0%
Index return this period +0.6% +0.5%
Fund return this period +0.6% +0.6%
State today Open Open
Expense ratio 0.50% 0.74%
Net assets, PQX as of Nov 4, 2026 and SIXO as of Nov 3, 2026 $8.7m $119m

As of Nov 4, 2026. Source: ETFIQ.

They do not reset together. PQX has 57 days of its period left and SIXO has 147, so the two are not the same bet on the same months.

Where each one stands today

PQX resets first, on Dec 31, 2026, 57 days from now; SIXO runs to Mar 31, 2027, 147 days. PQX can still gain 2.7% before its cap, SIXO 6.7%. A fall from here reaches PQX’s buffer after 0.8% and SIXO’s after 1.0%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
PQX

From its price on Nov 4, 2026, the fund can gain about 2.7% more before it reaches its cap. The fund's price can fall 0.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

SIXO

From its price on Nov 4, 2026, the fund can gain about 6.7% more before it reaches its cap. The fund's price can fall 1.0% from here before the buffer starts absorbing losses, by the issuer's number. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, PQX or SIXO?
From their prices on Nov 4, 2026, PQX can gain about 2.7% before its cap and SIXO about 6.7%, so SIXO has more room left this period.
Which resets first, PQX or SIXO?
PQX ends its outcome period on Dec 31, 2026 and SIXO on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, PQX or SIXO?
PQX charges 0.50% a year and SIXO charges 0.74%, so PQX is cheaper. Fees come from each fund's prospectus.
Other comparisons
PQX vs DDSQPQX vs ZJANPQX vs XSEPPQX vs SIXJSIXO vs XBOCSIXO vs QBSFSIXO vs AOCTSIXO vs AAPR
Where to next
SPDR S&P 500 ETF Trust →PQX on its own →SIXO on its own →Method →Standards and sources →
Sources and dates
PQX filings on SEC EDGAR ↗
PGIM website ↗
SIXO filings on SEC EDGAR ↗
AllianzIM page for SIXO ↗

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, PQX against SIXO, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pqx-vs-sixo

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