SIXO vs TAPR: which one stands where?
As of Oct 1, 2026 TAPR can fall 11.0% before its buffer engages and SIXO 0.4%. AllianzIM U.S. Equity Buffer10 ETF - Apr and Innovator Equity Defined Protection ETF - Apr 2027.
SIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.
TAPR: reference +36.3% since period start, fund +10.8%; buffer Floor; cap +15.3%; At its cap.
These are two different products. TAPR is a floor fund, which caps how far a holder can fall. SIXO is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
TAPR is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
SIXO resets first, on Mar 31, 2027, 182 days from now; TAPR runs to Mar 31, 2027, 182 days. SIXO can still gain 7.3% before its cap, TAPR 2.8%. A fall from here reaches SIXO’s buffer after 0.4% and TAPR’s after 11.0%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Total return | Gap to the reference | |||
|---|---|---|---|---|
| Window | SIXO | TAPR | SIXO | TAPR |
| 3 months | +2.1% | +1.4% | −0.4 pts | −1.1 pts |
| 6 months | +8.1% | +4.1% | −8.9 pts | −12.8 pts |
| 1 year | +8.1% | +4.8% | −7.7 pts | −10.9 pts |
| 3 years | +34.5% | −71.1% | −50.5 pts | −196.9 pts |
SIXO and TAPR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
SIXO and TAPR on the same fields, as of Oct 1, 2026. Source: ETFIQ.
SIXO in plain words
From its price on Oct 1, 2026, the fund can gain about 7.3% more before it reaches its cap. The fund's price can fall 0.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% 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. 182 days remained on Oct 1, 2026. On Mar 31, 2027 the period ends and a new cap is set.
TAPR in plain words
SPY had already risen past this fund's cap of +15.3% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.8% as the period runs out. The fund's price can fall 11.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 26.6% 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
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, SIXO against TAPR, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/sixo-vs-tapr
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, SIXO against TAPR, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/sixo-vs-tapr Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, SIXO against TAPR, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/sixo-vs-tapr
- APA
- ETFIQ. (Oct 1, 2026). SIXO against TAPR. Retrieved from https://etfiq.com/compare/buffer/sixo-vs-tapr
- Markdown
- [SIXO against TAPR (ETFIQ, Oct 1, 2026)](https://etfiq.com/compare/buffer/sixo-vs-tapr)