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SIXZ

GradeBChicago Board Options Exchange

AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF

Buffered · AllianzIM · Inception 2024-04-30

$32.37−0.14 (−0.43%)

As of Sep 23, 2026, 1:19 PM EDT

History starts May 1, 2024.
Intraday session: down, 12 prints from 32.51 to 32.37. Range 32.37 to 32.51. Use the arrow keys to read each point.$32.40$32.45$32.5010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$65M
1Y return
+11.6%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0.3M sh
NAV per share
$32.48
52W range
low $28.62high $32.54

The ETF.net SIXZ Grade

B

68/ 100

Rank 4 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for SIXZ. Scores out of 100: Cost 68, Risk 60, Mission not scored, Tradability 95, Holdings 49, Durability 49. Strongest: Tradability (95). Weakest: Durability (49). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank33/77 · top 43%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank21/73 · top 29%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 95
    Category rank1/77 · top 1%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank32/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 49
    Category rank40/77 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SIXZ

ETF.net Research

BMost buffered ETFs lock you into a 12-month cycle. SIXZ runs six-month outcome periods, so the 10% downside buffer on the S&P 500 and the upside cap both reset every May and November.

Stated mandate

The Fund uses recurring six-month Outcome Periods and resets its upside Cap at each period. For the May 1–October 31, 2026 period, the SEC disclosed an estimated pre-fee Cap range of 6.00%–9.00%.

Why people hold it

  1. 01Six-month outcome periods: the 10% buffer and the upside cap reset each May 1 and November 1 instead of sitting fixed for a full year.
  2. 02At 0.74% a year, it charges less than the median fund in its shallow-buffer peer group.
  3. 03Easy to trade for a defined-outcome fund, among the cleanest in its cohort, which matters most when you step in or out between reset dates.
  4. 04Built as a registered 1940 Act fund tied to the SPDR S&P 500 ETF Trust, so you hold an ETF rather than a bank-issued structured note.

Worth knowing

  1. 01The price of the buffer is a ceiling. Strong six-month runs get trimmed, and the new cap is only set when each period opens.
  2. 02Buffer and cap are measured from the start of each outcome period. Buy midway and your own protection and upside differ from the headline terms.
  3. 030.74% adds up next to plain index funds, and some buffer peers ask less (ZALT 0.69%, BUFB 0.10%). It also launched in 2024, so the record is short.

SIXZ Holdings

As of Sep 20, 2026, 9:12 AM
Asset class
Stocks
Holdings
5
Top-10 weight
101%
Largest holding
4SPY 261030C00005320100.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0014SPY 261030C00005320SPY 10/30/2026 5.32 C100.51%858$65M1
0024SPY 261030P00718590SPY 10/30/2026 718.59 P0.51%858$328K1
003—Cash&Other0.25%159,076$159K50

Showing 1–3 of 3 holdings

SIXZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SIXZ$11,156
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SIXZ $11,156. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SIXZ. Periods over one year show the average yearly return.
PeriodSIXZ
Year to date+9.8%
1 month+1.2%
3 months+3.5%
1 year+11.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SIXZ
YearReturn barSIXZ
2026 YTD+9.8%
2025+7.2%
2024+10.5%

History from May 1, 2024

SIXZ in the news

ETF.net Research hasn’t filed on SIXZ yet — coverage lands here as it’s written.

SIXZ Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

SIXZ Risk

How much the fund’s monthly returns vary, scaled to a year.
6.2%
Annualised · 27 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.98
vs 3-month T-bills · 27 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.3%
28 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SIXZ Cost

Expense ratio0.74%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

16 of the 77 S&P 500 Buffer 9-12% funds charge less.

SIXZ costs $74.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.