BUFP vs SIXZ
PGIM Laddered S&P 500 Buffer 12 ETF vs AllianzIM US Equity 6 Month Buffer10 May/Nov ETF
Which is better, BUFP or SIXZ?
Nearly the same fund. BUFP costs less.
BUFP has a lower expense ratio. BUFP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUFP | SIXZ |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.74% |
| AUM | $279M | $65M |
| Dividend Yield | 0.01% | 0.00% |
| Holdings | 28 | 15 |
| YTD Return | +9.90%Best | +9.88% |
| 1Y Return | +12.90%Best | +11.53% |
| Volatility (annualized) | 6.0%Best | 6.1% |
| Max Drawdown | -12.0% | -10.3%Best |
| $10,000 over 2.3 years | $13,136Best | $12,480 |
| Fund Family | PGIM Investments | AllianzIM |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 11, 2024 | Apr 30, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 13, 2024 to Oct 14, 2026 (2.3 years).
BUFP vs SIXZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BUFP vs SIXZ Performance
PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) is an ETF from PGIM Investments and AllianzIM US Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is an ETF from AllianzIM. Over the past year BUFP returned +12.90% while SIXZ returned +11.53%. Year to date, BUFP is up 9.90% versus a gain of 9.88% for SIXZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SIXZ has been the more volatile fund, with annualized monthly volatility of 6.1% compared with 6.0% for BUFP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for BUFP and -10.3% for SIXZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BUFP charges 0.50% per year while SIXZ charges 0.74%. On a $10,000 position that is $50 vs $74 annually, a gap of $24 per year that compounds over a long holding period. On income, BUFP currently yields 0.01% against 0.00% for SIXZ.
You are not choosing between two funds in isolation.
Whichever of BUFP and SIXZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUFP or SIXZ?
BUFP has an expense ratio of 0.50% while SIXZ charges 0.74%. BUFP is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BUFP or SIXZ?
Over the past year BUFP returned +12.90% vs +11.53% for SIXZ, so BUFP leads on 1-year performance. Over the longest common window we track (2 years), BUFP annualized +12.59% vs +10.11% for SIXZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUFP or SIXZ?
SIXZ has been the more volatile fund at 6.1% annualized versus 6.0% for BUFP. Worst drawdown: BUFP -12.0% vs SIXZ -10.3%.
Should I hold both BUFP and SIXZ?
BUFP and SIXZ have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BUFP or SIXZ?
BUFP yields 0.01% while SIXZ yields 0.00%, so BUFP currently pays the higher dividend yield.
Is SIXZ better than BUFP?
BUFP has a lower expense ratio. BUFP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.