Data as of Nov 4, 2026.

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Buffer ETFs

SIXJ vs TJAN: Cap, Buffer & Days Left

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As of Nov 4, 2026 TJAN can fall 13.3% before its buffer engages and SIXJ 3.0%.

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Net assets: $148m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan, and $32m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - Jan 2027.

At a glance
3.0%
SIXJ can fall this far before its buffer
13.3%
TJAN can fall this far before its buffer
5.0%
SIXJ can still gain
0.8%
TJAN can still gain
SIXJ Between buffer and cap
Between buffer and capSIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% period start+8.2% cap+2.7% gain captured+5.5% more to the capTODAY · SPY +2.7%Between buffer and capSIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.−10.0% floor0% start+8.2% cap10 pts of buffer+2.7% gain captured+5.5% more to the capTODAY · SPY +2.7%

SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.

SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.
TJAN At its cap
At its capTJAN: reference +30.8% since period start, fund +13.4%; buffer Floor; cap +15.9%; At its cap. Data to Nov 4, 2026.full floor beneath+15.9% gain capturedfull floor0% period start+15.9% capTODAY · SPY +30.8%At its capTJAN: reference +30.8% since period start, fund +13.4%; buffer Floor; cap +15.9%; At its cap. Data to Nov 4, 2026.full floor beneath+15.9%full floor0% start+15.9% capTODAY · SPY +30.8%

TJAN: reference +30.8% since period start, fund +13.4%; buffer Floor; cap +15.9%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SIXJ costs 0.05 points a year less; their one-year returns differ by 5.4 points; SIXJ is 4.6 times larger.

Points (pts) are percentage points.

SIXJ vs TJAN: Cap, Buffer & Days Left
MeasureSIXJTJAN
Return
Total return, 1 year+11.7%+6.3%
Drawdown
Index fall to the buffer2.6%23.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.79%
Net assets, as of Nov 3, 2026$148m$32m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: SIXJ vs TJAN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowSIXJTJANSIXJTJAN
3 months+0.8%+1.2%+1.2 pts+1.6 pts
6 months+4.7%+3.0%+0.2 pts−1.5 pts
1 year+11.7%+6.3%−1.8 pts−7.3 pts
3 years+51.3%–−25.1 pts–
Since launchNot the same days: SIXJ Jan 2022 · TJAN Jan 2025+48.9%+13.1%−11.7 pts−18.1 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

SIXJ AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 8.2%, over a period ending Dec 31, 2026 TJAN Innovator Equity Defined Protection ETF - Jan 2027 · Absorbs the whole loss on SPY and caps the gain at 15.9%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 10% 100%
Outcome period Jul 1, 2026 to Dec 31, 2026 Dec 31, 2024 to Dec 31, 2026
Days left 57 57
Starting cap +8.2% +15.9%
Can still gain 5.0% 0.8%
Fall before buffer 3.0% 13.3%
Protection left, index points 10.0% of 10.0% 100.0% of 100.0%
Index return this period +2.7% +30.8%
Fund return this period +2.7% +13.4%
State today Open At cap
Expense ratio 0.74% 0.79%
Net assets, SIXJ as of Nov 3, 2026 and TJAN as of Nov 4, 2026 $148m $32m

As of Nov 4, 2026. Source: ETFIQ.

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

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

Where each one stands today

SIXJ resets first, on Dec 31, 2026, 57 days from now; TJAN runs to Dec 31, 2026, 57 days. SIXJ can still gain 5.0% before its cap, TJAN 0.8%. A fall from here reaches SIXJ’s buffer after 3.0% and TJAN’s after 13.3%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
SIXJ

From its price on Nov 4, 2026, the fund can gain about 5.0% more before it reaches its cap. The fund's price can fall 3.0% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

TJAN

SPY had already risen past this fund's cap of +15.9% 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 0.8% as the period runs out. The fund's price can fall 13.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 23.5% 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.

Questions people ask

Which has more room to gain, SIXJ or TJAN?
From their prices on Nov 4, 2026, SIXJ can gain about 5.0% before its cap and TJAN about 0.8%, so SIXJ has more room left this period.
Which resets first, SIXJ or TJAN?
SIXJ ends its outcome period on Dec 31, 2026 and TJAN on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, SIXJ or TJAN?
SIXJ charges 0.74% a year and TJAN charges 0.79%, so SIXJ 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, SIXJ against TJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/sixj-vs-tjan

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