SIXD vs. BAPR

Last updated Jun 3, 2026

SIXD (AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF) and BAPR (Innovator U.S. Equity Buffer ETF - April) are both Defined Outcome funds. SIXD is actively managed, while BAPR is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. SIXD charges 0.74%/yr vs 0.79%/yr for BAPR.

Performance

SIXD vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) and Innovator U.S. Equity Buffer ETF - April (BAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXD achieves a 7.20% return, which is significantly lower than BAPR's 11.07% return.

SIXD

• 1D: 0.06%
• 1M: 2.71%
• YTD: 7.20%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAPR

• 1D: 0.05%
• 1M: 2.18%
• YTD: 11.07%
• 6M: 12.12%
• 1Y: 20.78%
• 3Y*: 15.40%
• 5Y*: 11.35%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIXD vs. BAPR - Yearly Performance Comparison

	2026 (YTD)	2025
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	7.20%	-0.18%
BAPR Innovator U.S. Equity Buffer ETF - April	11.07%	0.03%

Correlation

The correlation between SIXD and BAPR is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.91

SIXD vs. BAPR - Sectors Allocation Comparison

Sectors	SIXD	BAPR
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

SIXD vs. BAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAPR

BAPR Risk / Return Rank: 97
BAPR Sharpe Ratio Rank: 94
BAPR Sortino Ratio Rank: 97
BAPR Omega Ratio Rank: 97
BAPR Calmar Ratio Rank: 97
BAPR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIXD vs. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) and Innovator U.S. Equity Buffer ETF - April (BAPR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SIXD	BAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.29	0.84	+1.45

Drawdowns

SIXD vs. BAPR - Drawdown Comparison

The maximum SIXD drawdown since its inception was -4.69%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SIXD and BAPR.

Drawdown Indicators

	SIXD	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-23.91%	+19.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.58%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.79%	-2.60%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	SIXD	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	5.63%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	11.49%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	13.12%	-5.74%

SIXD vs. BAPR - Expense Ratio Comparison

SIXD has a 0.74% expense ratio, which is lower than BAPR's 0.79% expense ratio.

Dividends

SIXD vs. BAPR - Dividend Comparison

Neither SIXD nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXD and BAPR in my portfolio?

With a correlation of 0.91, SIXD and BAPR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SIXD or BAPR?

On fees, SIXD is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXD or BAPR?

SIXD is cheaper with a 0.74% expense ratio, compared with 0.79% for BAPR.

Which ETF pays a higher dividend yield, SIXD or BAPR?

SIXD and BAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between SIXD and BAPR?

They also come from different issuers: Allianz and Innovator. Their fees differ too: 0.74% for SIXD and 0.79% for BAPR.