Which has more room to gain, SIXO or UAPR?

From their prices on Oct 1, 2026, SIXO can gain about 7.3% before its cap and UAPR about 4.5%, so SIXO has more room left this period.

Which resets first, SIXO or UAPR?

SIXO ends its outcome period on Mar 31, 2027 and UAPR on Mar 31, 2027. A new cap is set the day after each.

Which is cheaper, SIXO or UAPR?

SIXO charges 0.74% a year and UAPR charges 0.79%, so SIXO is cheaper. Fees come from each fund's prospectus.

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SIXO vs UAPR: which one stands where?

As of Oct 1, 2026 UAPR can fall 12.2% before its buffer engages and SIXO 0.4%. AllianzIM U.S. Equity Buffer10 ETF - Apr and Innovator U.S. Equity Ultra Buffer ETF - Apr.

0.4%

SIXO can fall this far before its buffer

12.2%

UAPR can fall this far before its buffer

7.3%

SIXO can still gain

4.5%

UAPR can still gain

SIXOBetween buffer and cap

SIXO: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +7.7%; Between buffer and cap.

UAPRAt its cap

UAPR: reference +17.3% since period start, fund +7.7%; buffer −5 to −35; cap +13.0%; At its cap.

ETFIQ Downside Cover Score · SIXO scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

SIXO 34.3

UAPR 8.4

0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

UAPR 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; UAPR runs to Mar 31, 2027, 182 days. SIXO can still gain 7.3% before its cap, UAPR 4.5%. A fall from here reaches SIXO’s buffer after 0.4% and UAPR’s after 12.2%. 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	UAPR	SIXO	UAPR
3 months	+2.1%	+2.2%	−0.4 pts	−0.3 pts
6 months	+8.1%	+7.3%	−8.9 pts	−9.7 pts
1 year	+8.1%	+11.7%	−7.7 pts	−4.0 pts
3 years	+34.5%	+39.3%	−50.5 pts	−45.6 pts

SIXO and UAPR 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

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

UAPR

Innovator U.S. Equity Ultra Buffer ETF - Apr · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 13.0%, over a period ending Mar 31, 2027

Issuer AllianzIM Innovator

Reference index SPY SPY

Buffer 10% 5% to 35%

Outcome period Oct 1, 2026 to Mar 31, 2027 Mar 31, 2026 to Mar 31, 2027

Days left 182 182

Starting cap +7.7% +13.0%

Can still gain 7.3% 4.5%

Fall before buffer 0.4% 12.2%

Protection left, index points 10.0% of 10.0% 30.0% of 30.0%

Index return this period 0.0% +17.3%

Fund return this period 0.0% +7.7%

State today Open At cap

Expense ratio 0.74% 0.79%

Net assets $119m $159m

SIXO and UAPR 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.

UAPR in plain words

SPY had already risen past this fund's cap of +13.0% 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 4.5% as the period runs out. The fund's price can fall 12.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 19.0% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, SIXO or UAPR?: From their prices on Oct 1, 2026, SIXO can gain about 7.3% before its cap and UAPR about 4.5%, so SIXO has more room left this period.
Which resets first, SIXO or UAPR?: SIXO ends its outcome period on Mar 31, 2027 and UAPR on Mar 31, 2027. A new cap is set the day after each.
Which is cheaper, SIXO or UAPR?: SIXO charges 0.74% a year and UAPR charges 0.79%, so SIXO is cheaper. Fees come from each fund's prospectus.

Other comparisons

SIXO vs AOCT SIXO vs APOC SIXO vs APRP SIXO vs APRT UAPR vs XMAR UAPR vs ZAPR UAPR vs AAPR UAPR vs APOC

SPDR® S&P 500® ETF Trust →SIXO on its own →UAPR on its own →How every figure is computed →Standards and sources →

Where these figures came from

SIXO filings on SEC EDGAR ↗AllianzIM page for SIXO ↗UAPR filings on SEC EDGAR ↗Innovator page for UAPR ↗

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.

Cite this page

ETFIQ, SIXO against UAPR, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/sixo-vs-uapr

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.