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Data as of Nov 4, 2026.

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Buffer ETFs

SIXZ vs XOCT: Cap, Buffer & Days Left

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As of Nov 4, 2026 XOCT can fall 1.3% before its buffer engages and SIXZ 1.2%, and SIXZ resets 168 days sooner.

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Net assets on Nov 3, 2026: $64m for AllianzIM U.S. Equity Buffer10 ETF - May and $38m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October.

SIXZ on its own →XOCT on its own →
At a glance
1.2%
SIXZ can fall this far before its buffer
1.3%
XOCT can fall this far before its buffer
7.0%
SIXZ can still gain
10.1%
XOCT can still gain
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% more to the 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 pts−10.0% floor0% start+8.3% cap+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.
XOCT Between buffer and cap
Between buffer and capXOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+11% more to the cap−15.0% floor0% period start+11.5% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capXOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+11% to cap−15.0% floor0% start+11.5% cap+0.5% gain capturedTODAY · SPY +0.5%

XOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.

XOCT: reference +0.5% since period start, fund +0.5%; buffer 0 to −15; cap +11.5%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

SIXZ costs 0.11 points a year less; their one-year returns differ by 1.9 points; SIXZ is 1.7 times larger.

Points (pts) are percentage points.

SIXZ vs XOCT: Cap, Buffer & Days Left
MeasureSIXZXOCT
Return
Total return, 1 year+11.4%+9.5%
Drawdown
Index fall to the buffer1.4%0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.85%
Net assets, as of Nov 3, 2026$64m$38m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: SIXZ vs XOCT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowSIXZXOCTSIXZXOCT
3 months+2.3%+1.9%+2.7 pts+2.3 pts
6 months+4.7%+4.4%+0.2 pts−0.1 pts
1 year+11.4%+9.5%−2.1 pts−4.0 pts
3 years–+31.7%–−44.7 pts
Since launchNot the same days: SIXZ May 2024 · XOCT Oct 2023+30.2%+34.4%−23.1 pts−47.9 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

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 XOCT FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October · Absorbs the first 15% of loss on SPY and caps the gain at 11.5%, over a period ending Oct 15, 2027
Issuer AllianzIM First Trust
Reference index SPY SPY
Buffer 10% 15%
Outcome period Nov 1, 2026 to Apr 30, 2027 Oct 19, 2026 to Oct 15, 2027
Days left 177 345
Starting cap +8.3% +11.5%
Can still gain 7.0% 10.1%
Fall before buffer 1.2% 1.3%
Protection left, index points 10.0% of 10.0% 15.0% of 15.0%
Index return this period +1.5% +0.5%
Fund return this period +0.9% +0.5%
State today Open Open
Expense ratio 0.74% 0.85%
Net assets, as of Nov 3, 2026 $64m $38m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. XOCT 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.

They do not reset together. SIXZ has 177 days of its period left and XOCT has 345, so the two are not the same bet on the same months.

Where each one stands today

SIXZ resets first, on Apr 30, 2027, 177 days from now; XOCT runs to Oct 15, 2027, 345 days. SIXZ can still gain 7.0% before its cap, XOCT 10.1%. A fall from here reaches SIXZ’s buffer after 1.2% and XOCT’s after 1.3%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.

XOCT

From its price on Nov 4, 2026, the fund can gain about 10.1% more before it reaches its cap. The fund's price can fall 1.3% 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: 15.0% of the 15.0% buffer still sits below today's SPY level. 345 days remained on Nov 4, 2026. On Oct 15, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, SIXZ or XOCT?
From their prices on Nov 4, 2026, SIXZ can gain about 7.0% before its cap and XOCT about 10.1%, so XOCT has more room left this period.
Which resets first, SIXZ or XOCT?
SIXZ ends its outcome period on Apr 30, 2027 and XOCT on Oct 15, 2027. A new cap is set the day after each.
Which is cheaper, SIXZ or XOCT?
SIXZ charges 0.74% a year and XOCT charges 0.85%, so SIXZ is cheaper. Fees come from each fund's prospectus.
Other comparisons
SIXZ vs MAYPSIXZ vs PBMYSIXZ vs CPSNSIXZ vs PBNVXOCT vs NVBUXOCT vs CPSOXOCT vs DDTNXOCT vs NVBT
Where to next
SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →SIXZ on its own →XOCT on its own →Method →Standards and sources →
Sources and dates
SIXZ filings on SEC EDGAR ↗
AllianzIM page for SIXZ ↗
XOCT filings on SEC EDGAR ↗
First Trust page for XOCT ↗

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.

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ETFIQ, SIXZ against XOCT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/sixz-vs-xoct

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