SIXO vs. PMDE

Last updated Jul 17, 2026

SIXO (AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF) and PMDE (PGIM S&P 500 Max Buffer ETF - December) are both exchange-traded funds - SIXO is a Options Trading fund tracking the S&P 500, while PMDE is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY). Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. SIXO charges 0.74%/yr vs 0.50%/yr for PMDE.

Performance

SIXO vs. PMDE - 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 PGIM S&P 500 Max Buffer ETF - December (PMDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXO achieves a 3.71% return, which is significantly higher than PMDE's 3.18% return.

SIXO

• 1D: -0.07%
• 1M: 0.70%
• 6M: 2.90%
• YTD: 3.71%
• 1Y: 8.36%
• 3Y*: 9.01%
• 5Y*: —
• 10Y*: —

PMDE

• 1D: 0.00%
• 1M: 0.45%
• 6M: 2.80%
• YTD: 3.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXO vs. PMDE - Yearly Performance Comparison

	2026 (YTD)	2025
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF	3.71%	0.75%
PMDE PGIM S&P 500 Max Buffer ETF - December	3.18%	0.44%

Correlation

The correlation between SIXO and PMDE is 0.82, 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 1, 2025	0.82

Return for Risk

SIXO vs. PMDE — Risk / Return Rank

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

SIXO

SIXO Risk / Return Rank: 59
SIXO Sharpe Ratio Rank: 60
SIXO Sortino Ratio Rank: 58
SIXO Omega Ratio Rank: 70
SIXO Calmar Ratio Rank: 50
SIXO Martin Ratio Rank: 56

PMDE

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

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. PMDE - 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 PGIM S&P 500 Max Buffer ETF - December (PMDE). 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	PMDE	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	7.70	—	—

Drawdowns

SIXO vs. PMDE - Drawdown Comparison

The maximum SIXO drawdown since its inception was -12.04%, which is greater than PMDE's maximum drawdown of -1.59%. Use the drawdown chart below to compare losses from any high point for SIXO and PMDE.

Drawdown Indicators

	SIXO	PMDE	Difference
Max Drawdown Largest peak-to-trough decline	-12.04%	-1.59%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.95%	—	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-1.97%	-0.24%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	SIXO	PMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	2.37%	+2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.98%	2.37%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.98%	2.37%	+6.61%

SIXO vs. PMDE - Expense Ratio Comparison

SIXO has a 0.74% expense ratio, which is higher than PMDE's 0.50% expense ratio.

Dividends

SIXO vs. PMDE - Dividend Comparison

Neither SIXO nor PMDE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXO and PMDE in my portfolio?

SIXO and PMDE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXO or PMDE?

On fees, PMDE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXO or PMDE?

PMDE is cheaper with a 0.50% expense ratio, compared with 0.74% for SIXO.

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

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

What is the main difference between SIXO and PMDE?

SIXO is categorized as Options Trading, while PMDE is Defined Outcome. SIXO tracks S&P 500, while PMDE tracks SPDR S&P 500 ETF Trust (SPY). They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for SIXO and 0.50% for PMDE.