JANP vs SIXO: Grades, Fees and Holdings Compared

PGIM S&P 500 Buffer 12 ETF - January

JANPBCboe

AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF

SIXOBCboe

Overlap

0.0%by weight

Expense ratio

JANP −0.24pt a year

JANP0.50%SIXO0.74%

Avg volume · 30D

SIXO 1.3×the volume

JANP9.46KSIXO12.3K

JANP vs SIXO Performance

Nov 7, 2025 – Nov 9, 2026

+11.9%JANP+7.0%SIXO

Expense ratio: JANP 0.50%, better; SIXO 0.74%
Fund size: JANP $57M; SIXO $118M
1Y total return: JANP +11.9%, better; SIXO +7.0%
Holdings: JANP 4; SIXO 3
Avg volume (30D): JANP 9.46K sh; SIXO 12.3K sh, better
NAV per share: JANP $35.06; SIXO $35.97
52W range

ETF.net Grade

Pillar letters and Scores for JANP, SIXO, with each pillar’s weight
Pillar	JANP	SIXO
Cost30% weight	A91Higher	B68
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	C53
Tradability15% weight	D28	B68Higher
Holdings10% weight	Not scored	C49
Durability5% weight	C46	C48Higher

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›

Same Category. JANP and SIXO are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds

See all 77 ›

JANP ranks 4th and SIXO 13th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 76
Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 66
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 4BJANPPGIM S&P 500 Buffer 12 ETF - JanuaryScore 65
Rank 4BOCTTAllianzIM U.S. Equity Buffer10 Oct ETFScore 65
Rank 13BSIXDAllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETFScore 61
Rank 13BSIXOAllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETFScore 61
Rank 15BAPRTAllianzIM U.S. Equity Buffer10 Apr ETFScore 60

Our read on each fund

ETF.net Research

JANPBPGIM S&P 500 Buffer 12 ETF - January

SIXOBAllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF

In short

JANP No data

SIXO Most buffer ETFs lock you into a 12-month wait. SIXO runs on six-month outcome periods, April and October, absorbing the first 10% of a drop in the S&P 500 ETF's price in exchange for a cap that resets twice as often.

Stated mandate

JANP No data

SIXO The Fund seeks to match the SPDR S&P 500 ETF Trust’s share-price return at the end of each six-month Outcome Period, subject to an upside Cap and a first-10% downside loss buffer. It invests substantially all assets in FLEX Options referencing that ETF.

Why people hold it

JANP No data

SIXO Six-month outcome periods, April and October, so the 10% buffer and the upside cap re-set twice a year instead of once.
0.74% expense ratio, below the typical fee in the shallow-buffer peer group.
AllianzIM runs the same 10% six-month buffer on other start months (SIXJ, SIXD, SIXZ), so entry dates can be laddered across the calendar.
Live since 2021 and holding substantially all assets in FLEX options on the SPDR S&P 500 ETF Trust: a plain, single-reference build with no stock-picking layer.

Worth knowing

JANP No data

SIXO The cap is set fresh at each period start from prevailing option prices, so the ceiling on upside is a number you learn at the reset, not in advance.
Terms track the reference ETF's share-price return, so dividends sit outside the deal, and the fund itself has not been making distributions.
Buffer and cap are measured across a full six-month period. Buy mid-period and the protection and upside left differ from the headline terms.

Full JANP profile⁠

Full SIXO profile⁠

JANP vs SIXO Holdings

How JANP and SIXO differ

Overlap by weight

0.0%

Level by level

Asset classAlternatives, Stocks0.0%
Holdings0 in both0.0%
Countryby domicile99.99%
Sector11 Sectors99.7%

Sector

Sector weights in JANP and SIXO, widest gap first
Sector	Gap	JANP	SIXO
Technology	JANP +0.3 points	36.7%	36.4%
Financials	SIXO +0.1 points	12.5%	12.6%
Consumer Staples	Same weight	5.1%	5.1%
Health Care	SIXO +0.1 points	10.5%	10.6%
Consumer Discretionary	Same weight	9.7%	9.7%
Communication	Same weight	8.8%	8.8%
Utilities	Same weight	2.1%	2.1%
Real Estate	Same weight	1.9%	1.9%
Materials	Same weight	1.6%	1.6%
Energy	Same weight	3.5%	3.5%
Industrials	Same weight	7.6%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in JANP and SIXO, widest gap first
Country	Gap	JANP	SIXO
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	JANP +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

JANP101.0%
SIXO102.9%

Securities held

JANP3
SIXO2

Asset class

JANP: Alternatives
SIXO: Stocks

Holdings

Only in JANP3
In both0
Only in SIXO2

Only in JANP

3 securities, 100% of JANP by weight

4SPY Us 12/31/26 C6.8299.22%
4SPY Us 12/31/26 P681.921.19%
Net Current Assets<0.01%

Only in SIXO

2 securities, 100% of SIXO by weight

Spy 03/31/2027 5.64 C97.13%
Spy 03/31/2027 762.55 P5.45%

Weight gaps

JANP and SIXO share no securities.

All JANP holdings⁠All 5 SIXO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JANP vs SIXO Cost

Overpaying SIXO vs JANP

$4,328

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

JANP 0.50%
$9,979
SIXO 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

JANP 0.50%
SIXO 0.74%
Overpaying

Year by year

Year	JANP	SIXO	Overpaying
10	$900	$1,319	$419
20	$3,460	$5,015	$1,555
30	$9,979	$14,307	$4,328

Expense ratio

0.50%JANP, cheaper
0.74%SIXO

JANP0.50%SIXO0.74%

0.25%0.85%

Middle half of S&P 500 Buffer 9-12% funds
Median 0.79%

JANP 5th cheapest of 77 funds

SIXO 17th cheapest of 77 funds

JANP vs SIXO Dividends

Last 12 months to Nov 9, 2026

Payout (12M): JANP None; SIXO None

Distribution history

JANPAll JANP payments⁠

No distribution history available.

SIXOAll SIXO payments⁠

No distribution history available.

JANP vs SIXO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JANP 6.3%since Feb 2024SIXO 6.0%
Return per unit of riskSharpe ratio, 3 years: JANP 1.33since Feb 2024SIXO 0.96
Worst fallMax drawdown, 5 years: JANP −12.2%since Jan 2024SIXO −12.0%
Market sensitivityBeta, 5 years: JANP 0.50SIXO 0.52; Market = 1

JANP and SIXO in the news

All news⁠

Filings Digest
AllianzIM launches OCTI and resets October buffer terms
Oct 1, 2026SIXO

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JANP vs SIXO

In short

Stated mandate

Why people hold it

Worth knowing

How JANP and SIXO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JANP

Only in SIXO

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianzIM launches OCTI and resets October buffer terms

How JANP and SIXO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JANP

Only in SIXO

Weight gaps