SIXJ vs. SIXO
Compare and contrast key facts about AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO).
SIXJ and SIXO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXJ is a passively managed fund by Allianz that tracks the performance of the S&P 500. It was launched on Dec 31, 2021. SIXO is a passively managed fund by Allianz that tracks the performance of the S&P 500. It was launched on Sep 30, 2021. Both SIXJ and SIXO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXJ or SIXO.
Correlation
The correlation between SIXJ and SIXO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SIXJ vs. SIXO - Performance Comparison
Key characteristics
SIXJ:
1.89
SIXO:
1.97
SIXJ:
2.65
SIXO:
2.69
SIXJ:
1.42
SIXO:
1.40
SIXJ:
2.80
SIXO:
3.00
SIXJ:
16.26
SIXO:
14.04
SIXJ:
0.80%
SIXO:
0.93%
SIXJ:
6.70%
SIXO:
6.62%
SIXJ:
-14.08%
SIXO:
-12.04%
SIXJ:
-0.36%
SIXO:
-0.42%
Returns By Period
The year-to-date returns for both investments are quite close, with SIXJ having a 1.70% return and SIXO slightly higher at 1.73%.
SIXJ
1.70%
1.62%
8.03%
14.73%
N/A
N/A
SIXO
1.73%
1.51%
7.30%
12.82%
N/A
N/A
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SIXJ vs. SIXO - Expense Ratio Comparison
Both SIXJ and SIXO have an expense ratio of 0.74%.
Risk-Adjusted Performance
SIXJ vs. SIXO — Risk-Adjusted Performance Rank
SIXJ
SIXO
SIXJ vs. SIXO - Risk-Adjusted Performance 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 AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO). 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.
Dividends
SIXJ vs. SIXO - Dividend Comparison
Neither SIXJ nor SIXO has paid dividends to shareholders.
Drawdowns
SIXJ vs. SIXO - Drawdown Comparison
The maximum SIXJ drawdown since its inception was -14.08%, which is greater than SIXO's maximum drawdown of -12.04%. Use the drawdown chart below to compare losses from any high point for SIXJ and SIXO. For additional features, visit the drawdowns tool.
Volatility
SIXJ vs. SIXO - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) is 1.82%, while AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) has a volatility of 2.29%. This indicates that SIXJ experiences smaller price fluctuations and is considered to be less risky than SIXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.