PBAP vs SIXZ
PGIM S&P 500 Buffer 20 ETF - April vs AllianzIM US Equity 6 Month Buffer10 May/Nov ETF
Which is better, PBAP or SIXZ?
Each has led over a different period.
PBAP has a lower expense ratio. PBAP led over 1Y, SIXZ over the full window.
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 | PBAP | SIXZ |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.74% |
| AUM | $38M | $65M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 16 | 15 |
| YTD Return | +9.59% | +9.88%Best |
| 1Y Return | +11.83%Best | +11.53% |
| Volatility (annualized) | 4.4%Best | 6.0% |
| Max Drawdown | -9.7%Best | -10.3% |
| $10,000 over 2.5 years | $12,981 | $13,110Best |
| Fund Family | PGIM Investments | AllianzIM |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 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 2.5 years row, are measured over the window both funds cover: May 1, 2024 to Oct 14, 2026 (2.5 years).
PBAP 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 2.5 years both funds cover.
PBAP vs SIXZ Performance
PGIM S&P 500 Buffer 20 ETF - April (PBAP) 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 PBAP returned +11.83% while SIXZ returned +11.53%. Year to date, PBAP is up 9.59% 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 6.0% compared with 4.4% for PBAP. 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 -9.7% for PBAP 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBAP 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, PBAP currently yields 0.00% against 0.00% for SIXZ.
You are not choosing between two funds in isolation.
Whichever of PBAP 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, PBAP or SIXZ?
PBAP has an expense ratio of 0.50% while SIXZ charges 0.74%. PBAP is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, PBAP or SIXZ?
Over the past year PBAP returned +11.83% vs +11.53% for SIXZ, so PBAP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBAP or SIXZ?
SIXZ has been the more volatile fund at 6.0% annualized versus 4.4% for PBAP. Worst drawdown: PBAP -9.7% vs SIXZ -10.3%.
Should I hold both PBAP and SIXZ?
PBAP and SIXZ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PBAP or SIXZ?
PBAP yields 0.00% while SIXZ yields 0.00%, so SIXZ currently pays the higher dividend yield.
Is SIXZ better than PBAP?
PBAP has a lower expense ratio. PBAP led over 1Y, SIXZ over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.