SIXJ vs. FAAR
SIXJ (AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - SIXJ is a Options Trading fund tracking the S&P 500, while FAAR is a Commodities fund actively managed by First Trust. SIXJ is passively managed, while FAAR is actively managed. Over the past 3 years, SIXJ returned 13.62%/yr vs 10.91%/yr for FAAR. At a correlation of -0.01, they often move in opposite directions. SIXJ charges 0.74%/yr vs 0.95%/yr for FAAR.
Performance
SIXJ vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, SIXJ achieves a 6.14% return, which is significantly lower than FAAR's 20.23% return.
SIXJ
- 1D
- -0.00%
- 1M
- 0.87%
- YTD
- 6.14%
- 6M
- 6.45%
- 1Y
- 17.77%
- 3Y*
- 13.62%
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
SIXJ vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | 6.14% | 12.81% | 14.48% | 18.07% | -10.33% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% |
Correlation
The correlation between SIXJ and FAAR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2022 | -0.01 |
The correlation between SIXJ and FAAR shifts across timeframes, from -0.08 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SIXJ vs. FAAR — Risk / Return Rank
SIXJ
FAAR
SIXJ vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| SIXJ | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.35 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 4.75 | -0.81 |
| Martin ratioReturn relative to average drawdown | 21.41 | 14.70 | +6.71 |
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Drawdowns
SIXJ vs. FAAR - Drawdown Comparison
The maximum SIXJ drawdown since its inception was -14.07%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for SIXJ and FAAR.
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Drawdown Indicators
| SIXJ | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.07% | -18.03% | +3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -5.68% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -11.54% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.00% | -5.43% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -7.82% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.89% | -1.06% |
Volatility
SIXJ vs. FAAR - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) is 1.43%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.47%. This indicates that SIXJ experiences smaller price fluctuations and is considered to be less risky than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXJ | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.47% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 9.68% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 13.37% | -7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.98% | 12.95% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.98% | 11.53% | -1.55% |
SIXJ vs. FAAR - Expense Ratio Comparison
SIXJ has a 0.74% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
SIXJ vs. FAAR - Dividend Comparison
SIXJ has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXJ and FAAR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.47%) compared to SIXJ (1.43%). In terms of maximum drawdown, SIXJ dropped -14.07% vs FAAR's -18.03%.
On 3-year performance, SIXJ leads with 13.62% vs 10.91% for FAAR. On fees, SIXJ is cheaper at 0.74% per year. On volatility, SIXJ has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SIXJ has performed better with a 13.62% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXJ is cheaper with a 0.74% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 0.00% for SIXJ.
SIXJ is categorized as Options Trading, while FAAR is Commodities. They also come from different issuers: Allianz and First Trust. Their fees differ too: 0.74% for SIXJ and 0.95% for FAAR.
SIXJ currently has the higher Sharpe Ratio (3.07 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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