SIXP vs. TMAR

Last updated Aug 5, 2026

SIXP (AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF) and TMAR (FT Vest Emerging Markets Buffer ETF - March) are both Defined Outcome funds. SIXP is actively managed, while TMAR is passively managed. Over the past year, SIXP returned 15.30% vs 21.88% for TMAR. Their 0.62 correlation means they have sometimes moved together and sometimes differently. SIXP charges 0.74%/yr vs 0.95%/yr for TMAR.

Performance

SIXP vs. TMAR - 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 FT Vest Emerging Markets Buffer ETF - March (TMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXP achieves a 8.56% return, which is significantly lower than TMAR's 13.13% return.

SIXP

• 1D: 0.20%
• 1M: 1.48%
• 6M: 7.61%
• YTD: 8.56%
• 1Y: 15.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.51%

TMAR

• 1D: 1.15%
• 1M: 1.56%
• 6M: 11.91%
• YTD: 13.13%
• 1Y: 21.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SIXP AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF	$5.60K	$28.95K	$124.98K
TMAR FT Vest Emerging Markets Buffer ETF - March	$75.59K	$91.81K	$229.25K

SIXP vs. TMAR - Yearly Performance Comparison

	2026 (YTD)	2025
SIXP AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF	8.56%	14.16%
TMAR FT Vest Emerging Markets Buffer ETF - March	13.13%	15.97%

Correlation

The correlation between SIXP and TMAR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.62

The correlation between SIXP and TMAR has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

Return for Risk

SIXP vs. TMAR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SIXP

SIXP Risk / Return Rank: 90
SIXP Sharpe Ratio Rank: 90
SIXP Sortino Ratio Rank: 92
SIXP Omega Ratio Rank: 93
SIXP Calmar Ratio Rank: 83
SIXP Martin Ratio Rank: 93

TMAR

TMAR Risk / Return Rank: 79
TMAR Sharpe Ratio Rank: 70
TMAR Sortino Ratio Rank: 71
TMAR Omega Ratio Rank: 87
TMAR Calmar Ratio Rank: 83
TMAR Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIXP vs. TMAR - 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 FT Vest Emerging Markets Buffer ETF - March (TMAR). 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	TMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.82	+0.64
Sortino ratio: Return per unit of downside risk	3.61	2.61	+1.00
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	3.43	3.44	-0.01
Martin ratio: Return relative to average drawdown	18.73	14.04	+4.69

SIXP vs. TMAR - Sharpe Ratio Comparison

The current SIXP Sharpe Ratio is 2.46, which is higher than the TMAR Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of SIXP and TMAR, 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. TMAR - Drawdown Comparison

The maximum SIXP drawdown since its inception was -11.28%, which is greater than TMAR's maximum drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for SIXP and TMAR.

Drawdown Indicators

	SIXP	TMAR	Difference
Max Drawdown Largest peak-to-trough decline	-11.28%	-9.93%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-6.39%	+1.91%
Current Drawdown Current decline from peak	0.00%	-2.17%	+2.17%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.96%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.56%	-0.74%

Volatility

SIXP vs. TMAR - Volatility Comparison

The current volatility for AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (SIXP) is 1.46%, while FT Vest Emerging Markets Buffer ETF - March (TMAR) has a volatility of 5.12%. This indicates that SIXP experiences smaller price fluctuations and is considered to be less risky than TMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXP	TMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	5.12%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	11.44%	-6.31%
Volatility (1Y) Calculated over the trailing 1-year period	6.29%	12.09%	-5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.78%	12.74%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.78%	12.74%	-3.96%

SIXP vs. TMAR - Expense Ratio Comparison

SIXP has a 0.74% expense ratio, which is lower than TMAR's 0.95% expense ratio.

Dividends

SIXP vs. TMAR - Dividend Comparison

Neither SIXP nor TMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXP and TMAR in my portfolio?

SIXP and TMAR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXP or TMAR?

TMAR has higher volatility (5.12%) compared to SIXP (1.46%). In terms of maximum drawdown, SIXP dropped -11.28% vs TMAR's -9.93%.

Which ETF is better, SIXP or TMAR?

On 1-year performance, TMAR leads with 21.88% vs 15.30% for SIXP. On fees, SIXP is cheaper at 0.74% per year. On volatility, SIXP has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXP or TMAR?

Over the 1-year period, TMAR has performed better with a 21.88% return vs 15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXP or TMAR?

SIXP is cheaper with a 0.74% expense ratio, compared with 0.95% for TMAR.

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

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

What is the main difference between SIXP and TMAR?

They also come from different issuers: Allianz and First Trust. Their fees differ too: 0.74% for SIXP and 0.95% for TMAR.

Which has better risk-adjusted returns?

SIXP currently has the higher Sharpe Ratio (2.46 vs 1.82), 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.