SIXP vs. ARLU

Last updated Jun 24, 2026

SIXP (AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF) and ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) are both exchange-traded funds - SIXP is a Defined Outcome fund actively managed by Allianz, while ARLU is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, SIXP returned 16.62% vs 16.01% for ARLU. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.74% expense ratio.

Performance

SIXP vs. ARLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (SIXP) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXP achieves a 6.27% return, which is significantly higher than ARLU's 4.03% return.

SIXP

• 1D: -0.40%
• 1M: 0.21%
• YTD: 6.27%
• 6M: 6.12%
• 1Y: 16.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARLU

• 1D: -1.07%
• 1M: -1.12%
• YTD: 4.03%
• 6M: 3.19%
• 1Y: 16.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXP vs. ARLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SIXP AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF	6.27%	13.42%	9.25%
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	4.03%	11.27%	8.80%

Correlation

The correlation between SIXP and ARLU is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.96

The correlation between SIXP and ARLU has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

SIXP vs. ARLU — Risk / Return Rank

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

SIXP

SIXP Risk / Return Rank: 89
SIXP Sharpe Ratio Rank: 89
SIXP Sortino Ratio Rank: 91
SIXP Omega Ratio Rank: 92
SIXP Calmar Ratio Rank: 79
SIXP Martin Ratio Rank: 92

ARLU

ARLU Risk / Return Rank: 41
ARLU Sharpe Ratio Rank: 42
ARLU Sortino Ratio Rank: 40
ARLU Omega Ratio Rank: 41
ARLU Calmar Ratio Rank: 35
ARLU Martin Ratio Rank: 47

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.

SIXP vs. ARLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (SIXP) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). 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.

	SIXP	ARLU	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.39	+1.27
Sortino ratio: Return per unit of downside risk	3.90	1.92	+1.98
Omega ratio: Gain probability vs. loss probability	1.55	1.25	+0.30
Calmar ratio: Return relative to maximum drawdown	3.73	1.66	+2.06
Martin ratio: Return relative to average drawdown	20.42	7.26	+13.16

SIXP vs. ARLU - Sharpe Ratio Comparison

The current SIXP Sharpe Ratio is 2.66, which is higher than the ARLU Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of SIXP and ARLU, 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

SIXP vs. ARLU - Drawdown Comparison

The maximum SIXP drawdown since its inception was -11.28%, smaller than the maximum ARLU drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for SIXP and ARLU.

Drawdown Indicators

	SIXP	ARLU	Difference
Max Drawdown Largest peak-to-trough decline	-11.28%	-15.38%	+4.10%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-9.66%	+5.18%
Current Drawdown Current decline from peak	-0.55%	-2.76%	+2.21%
Average Drawdown Average peak-to-trough decline	-0.82%	-2.23%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	2.21%	-1.39%

Volatility

SIXP vs. ARLU - Volatility Comparison

The current volatility for AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (SIXP) is 1.52%, while Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a volatility of 3.95%. This indicates that SIXP experiences smaller price fluctuations and is considered to be less risky than ARLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXP	ARLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	3.95%	-2.43%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	9.27%	-4.14%
Volatility (1Y) Calculated over the trailing 1-year period	6.30%	11.61%	-5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	12.66%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	12.66%	-3.72%

SIXP vs. ARLU - Expense Ratio Comparison

Both SIXP and ARLU have an expense ratio of 0.74%.

Dividends

SIXP vs. ARLU - Dividend Comparison

Neither SIXP nor ARLU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXP and ARLU in my portfolio?

With a correlation of 0.95, SIXP and ARLU 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 is riskier, SIXP or ARLU?

ARLU has higher volatility (3.95%) compared to SIXP (1.52%). In terms of maximum drawdown, SIXP dropped -11.28% vs ARLU's -15.38%.

Which ETF is better, SIXP or ARLU?

On 1-year performance, SIXP leads with 16.62% vs 16.01% for ARLU. Both ETFs have the same 0.74% expense ratio. On volatility, SIXP has been the lower-risk option at 1.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXP or ARLU?

Over the 1-year period, SIXP has performed better with a 16.62% return vs 16.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXP or ARLU?

SIXP and ARLU have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, SIXP or ARLU?

SIXP and ARLU have nearly identical dividend yields, around 0.00%.

What is the main difference between SIXP and ARLU?

SIXP is categorized as Defined Outcome, while ARLU is Options Trading.

Which has better risk-adjusted returns?

SIXP currently has the higher Sharpe Ratio (2.66 vs 1.39), 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.