SIXD vs. BAPR

Last updated Jun 24, 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 0.92 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 5.81% return, which is significantly lower than BAPR's 10.04% return.

SIXD

• 1D: -0.61%
• 1M: -0.75%
• YTD: 5.81%
• 6M: 5.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAPR

• 1D: -0.67%
• 1M: -0.06%
• YTD: 10.04%
• 6M: 10.03%
• 1Y: 18.64%
• 3Y*: 14.48%
• 5Y*: 10.86%
• 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	5.81%	-0.00%
BAPR Innovator U.S. Equity Buffer ETF - April	10.04%	0.22%

Correlation

The correlation between SIXD and BAPR is 0.92, 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 22, 2025	0.92

Return for Risk

SIXD vs. BAPR — Risk / Return Rank

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

SIXD

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

BAPR

BAPR Risk / Return Rank: 96
BAPR Sharpe Ratio Rank: 93
BAPR Sortino Ratio Rank: 96
BAPR Omega Ratio Rank: 96
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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SIXD	BAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.24	—
Sortino ratio: Return per unit of downside risk	—	5.31	—
Omega ratio: Gain probability vs. loss probability	—	1.76	—
Calmar ratio: Return relative to maximum drawdown	—	9.69	—
Martin ratio: Return relative to average drawdown	—	47.41	—

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	-1.30%	-0.93%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.80%	-2.58%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.39%	—

Volatility

Volatility by Period

	SIXD	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.64%	5.79%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	11.51%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	13.09%	-5.45%

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 0.92, 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.