PBSE vs SIXZ
PGIM S&P 500 Buffer 20 ETF - September vs AllianzIM US Equity 6 Month Buffer10 May/Nov ETF
Which is better, PBSE or SIXZ?
SIXZ has been ahead.
PBSE has a lower expense ratio. SIXZ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94.
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 | PBSE | SIXZ |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.74% |
| AUM | $49M | $65M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 22 | 15 |
| YTD Return | +6.82% | +9.88%Best |
| 1Y Return | +9.13% | +11.53%Best |
| Volatility (annualized) | 4.4%Best | 6.0% |
| Max Drawdown | -8.3%Best | -10.3% |
| $10,000 over 2.4 years | $12,521 | $12,683Best |
| Fund Family | PGIM Investments | AllianzIM |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | May 15, 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 2.4 years row, are measured over the window both funds cover: May 15, 2024 to Oct 14, 2026 (2.4 years).
PBSE 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 2.4 years both funds cover.
PBSE vs SIXZ Performance
PGIM S&P 500 Buffer 20 ETF - September (PBSE) 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 PBSE returned +9.13% while SIXZ returned +11.53%. Year to date, PBSE is up 6.82% 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 PBSE. 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 -8.3% for PBSE 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBSE 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, PBSE currently yields 0.00% against 0.00% for SIXZ.
You are not choosing between two funds in isolation.
Whichever of PBSE 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, PBSE or SIXZ?
PBSE has an expense ratio of 0.50% while SIXZ charges 0.74%. PBSE is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, PBSE or SIXZ?
Over the past year PBSE returned +9.13% vs +11.53% for SIXZ, so SIXZ leads on 1-year performance. Over the longest common window we track (2 years), PBSE annualized +9.82% vs +10.41% for SIXZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBSE or SIXZ?
SIXZ has been the more volatile fund at 6.0% annualized versus 4.4% for PBSE. Worst drawdown: PBSE -8.3% vs SIXZ -10.3%.
Should I hold both PBSE and SIXZ?
PBSE and SIXZ have a monthly-return correlation of 0.94, 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, PBSE or SIXZ?
PBSE yields 0.00% while SIXZ yields 0.00%, so SIXZ currently pays the higher dividend yield.
Is SIXZ better than PBSE?
PBSE has a lower expense ratio. SIXZ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.