SIXD vs. OCTW

Last updated Aug 2, 2026

SIXD (AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF) and OCTW (AllianzIM U.S. Equity Buffer20 Oct ETF) are both Defined Outcome funds from Allianz. SIXD is actively managed, while OCTW is passively managed. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.74% expense ratio.

Performance

SIXD vs. OCTW - 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 AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXD achieves a 7.07% return, which is significantly higher than OCTW's 5.74% return.

SIXD

• 1D: 0.40%
• 1M: 0.50%
• 6M: 6.09%
• YTD: 7.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

OCTW

• 1D: 0.37%
• 1M: 0.76%
• 6M: 5.10%
• YTD: 5.74%
• 1Y: 10.80%
• 3Y*: 10.42%
• 5Y*: 8.95%
• 10Y*: —
• ALL TIME*: 8.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	$584.65K	$1.46M	$4.73M
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	$1.49M	$1.43M	$6.65M

SIXD vs. OCTW - Yearly Performance Comparison

	2026 (YTD)	2025
SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF	7.07%	-0.00%
OCTW AllianzIM U.S. Equity Buffer20 Oct ETF	5.74%	0.24%

Correlation

The correlation between SIXD and OCTW is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.96

Return for Risk

SIXD vs. OCTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

OCTW

OCTW Risk / Return Rank: 86
OCTW Sharpe Ratio Rank: 86
OCTW Sortino Ratio Rank: 88
OCTW Omega Ratio Rank: 89
OCTW Calmar Ratio Rank: 78
OCTW Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIXD vs. OCTW - 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 AllianzIM U.S. Equity Buffer20 Oct ETF (OCTW). 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	OCTW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.02	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	2.77	—
Martin ratio: Return relative to average drawdown	—	14.05	—

Drawdowns

SIXD vs. OCTW - Drawdown Comparison

The maximum SIXD drawdown since its inception was -4.69%, smaller than the maximum OCTW drawdown of -8.38%. Use the drawdown chart below to compare losses from any high point for SIXD and OCTW.

Drawdown Indicators

	SIXD	OCTW	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-8.38%	+3.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.38%	—
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-0.78%	-0.80%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.72%	—

Volatility

Volatility by Period

	SIXD	OCTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.59%	5.00%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	6.33%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.59%	6.10%	+1.49%

SIXD vs. OCTW - Expense Ratio Comparison

Both SIXD and OCTW have an expense ratio of 0.74%.

Dividends

SIXD vs. OCTW - Dividend Comparison

Neither SIXD nor OCTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXD and OCTW in my portfolio?

With a correlation of 0.96, SIXD and OCTW 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 OCTW?

Both ETFs have the same 0.74% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXD or OCTW?

SIXD and OCTW have the same expense ratio: 0.74% per year.

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

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