SIXO vs. BENJ

Last updated Jun 26, 2026

SIXO (AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - SIXO is a Options Trading fund tracking the S&P 500, while BENJ is a Ultrashort Bond fund actively managed by Horizon. SIXO is passively managed, while BENJ is actively managed. Over the past year, SIXO returned 8.28% vs 3.87% for BENJ. At a 0.02 correlation, their price movements are largely independent. SIXO charges 0.74%/yr vs 0.40%/yr for BENJ.

Performance

SIXO vs. BENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) and Horizon Landmark ETF (BENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXO achieves a 2.76% return, which is significantly higher than BENJ's 1.73% return.

SIXO

• 1D: 0.11%
• 1M: 0.19%
• YTD: 2.76%
• 6M: 2.38%
• 1Y: 8.28%
• 3Y*: 9.32%
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.06%
• 1M: 0.34%
• YTD: 1.73%
• 6M: 1.81%
• 1Y: 3.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXO vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF	2.76%	5.02%
BENJ Horizon Landmark ETF	1.73%	3.72%

Correlation

The correlation between SIXO and BENJ is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.02

Return for Risk

SIXO vs. BENJ — Risk / Return Rank

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

SIXO

SIXO Risk / Return Rank: 52
SIXO Sharpe Ratio Rank: 53
SIXO Sortino Ratio Rank: 50
SIXO Omega Ratio Rank: 61
SIXO Calmar Ratio Rank: 45
SIXO Martin Ratio Rank: 50

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 99
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ 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.

SIXO vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) and Horizon Landmark ETF (BENJ). 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.

	SIXO	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	1.60	5.76	-4.16
Sortino ratio: Return per unit of downside risk	2.22	9.35	-7.13
Omega ratio: Gain probability vs. loss probability	1.33	4.98	-3.65
Calmar ratio: Return relative to maximum drawdown	2.01	9.96	-7.95
Martin ratio: Return relative to average drawdown	7.63	47.01	-39.38

SIXO vs. BENJ - Sharpe Ratio Comparison

The current SIXO Sharpe Ratio is 1.60, which is lower than the BENJ Sharpe Ratio of 5.76. The chart below compares the historical Sharpe Ratios of SIXO and BENJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIXO vs. BENJ - Drawdown Comparison

The maximum SIXO drawdown since its inception was -12.04%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for SIXO and BENJ.

Drawdown Indicators

	SIXO	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-12.04%	-0.39%	-11.65%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	-0.39%	-3.74%
Max Drawdown (3Y) Largest decline over 3 years	-11.95%	—	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.99%	-0.02%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.08%	+1.01%

Volatility

SIXO vs. BENJ - Volatility Comparison

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) has a higher volatility of 1.07% compared to Horizon Landmark ETF (BENJ) at 0.12%. This indicates that SIXO's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXO	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	0.12%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	4.05%	0.25%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	5.19%	0.68%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.03%	0.60%	+8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.03%	0.60%	+8.43%

SIXO vs. BENJ - Expense Ratio Comparison

SIXO has a 0.74% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

SIXO vs. BENJ - Dividend Comparison

Neither SIXO nor BENJ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXO and BENJ in my portfolio?

SIXO and BENJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXO or BENJ?

SIXO has higher volatility (1.07%) compared to BENJ (0.12%). In terms of maximum drawdown, SIXO dropped -12.04% vs BENJ's -0.39%.

Which ETF is better, SIXO or BENJ?

On 1-year performance, SIXO leads with 8.28% vs 3.87% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXO or BENJ?

Over the 1-year period, SIXO has performed better with a 8.28% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXO or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.74% for SIXO.

Which ETF pays a higher dividend yield, SIXO or BENJ?

SIXO and BENJ have nearly identical dividend yields, around 0.00%.

What is the main difference between SIXO and BENJ?

SIXO is categorized as Options Trading, while BENJ is Ultrashort Bond. They also come from different issuers: Allianz and Horizon. Their fees differ too: 0.74% for SIXO and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.76 vs 1.60), 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.