SIXZ vs. ARLU

Last updated Jun 4, 2026

SIXZ (AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF) and ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) are both exchange-traded funds - SIXZ 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, SIXZ returned 12.65% vs 19.35% for ARLU. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

SIXZ vs. ARLU - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SIXZ having a 6.18% return and ARLU slightly higher at 6.41%.

SIXZ

• 1D: -0.33%
• 1M: 2.31%
• YTD: 6.18%
• 6M: 6.65%
• 1Y: 12.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARLU

• 1D: -0.53%
• 1M: 4.52%
• YTD: 6.41%
• 6M: 6.03%
• 1Y: 19.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXZ vs. ARLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SIXZ AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF	6.18%	7.24%	10.54%
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	6.41%	11.27%	12.53%

Correlation

The correlation between SIXZ and ARLU is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.90

The correlation between SIXZ and ARLU has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

SIXZ vs. ARLU — Risk / Return Rank

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

SIXZ

SIXZ Risk / Return Rank: 67
SIXZ Sharpe Ratio Rank: 64
SIXZ Sortino Ratio Rank: 68
SIXZ Omega Ratio Rank: 74
SIXZ Calmar Ratio Rank: 58
SIXZ Martin Ratio Rank: 70

ARLU

ARLU Risk / Return Rank: 49
ARLU Sharpe Ratio Rank: 51
ARLU Sortino Ratio Rank: 49
ARLU Omega Ratio Rank: 51
ARLU Calmar Ratio Rank: 41
ARLU Martin Ratio Rank: 53

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.

SIXZ vs. ARLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) 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.

	SIXZ	ARLU	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.75	+0.36
Sortino ratio: Return per unit of downside risk	3.06	2.40	+0.67
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	2.85	2.01	+0.84
Martin ratio: Return relative to average drawdown	12.82	9.00	+3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIXZ vs. ARLU - Sharpe Ratio Comparison

The current SIXZ Sharpe Ratio is 2.10, which is comparable to the ARLU Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of SIXZ 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.

Sharpe Ratios by Period

	SIXZ	ARLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.75	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	1.00	+0.51

Drawdowns

SIXZ vs. ARLU - Drawdown Comparison

The maximum SIXZ drawdown since its inception was -10.27%, smaller than the maximum ARLU drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for SIXZ and ARLU.

Drawdown Indicators

	SIXZ	ARLU	Difference
Max Drawdown Largest peak-to-trough decline	-10.27%	-15.38%	+5.11%
Max Drawdown (1Y) Largest decline over 1 year	-4.45%	-9.66%	+5.21%
Current Drawdown Current decline from peak	-0.33%	-0.53%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.92%	-2.23%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	2.15%	-1.16%

Volatility

SIXZ vs. ARLU - Volatility Comparison

The current volatility for AllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is 1.15%, while Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a volatility of 2.63%. This indicates that SIXZ 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

	SIXZ	ARLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	2.63%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	8.73%	-3.60%
Volatility (1Y) Calculated over the trailing 1-year period	6.04%	11.13%	-5.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.79%	12.56%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.79%	12.56%	-4.77%

SIXZ vs. ARLU - Expense Ratio Comparison

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

Dividends

SIXZ vs. ARLU - Dividend Comparison

Neither SIXZ nor ARLU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SIXZ and ARLU in my portfolio?

SIXZ and ARLU have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXZ or ARLU?

ARLU has higher volatility (2.63%) compared to SIXZ (1.15%). In terms of maximum drawdown, SIXZ dropped -10.27% vs ARLU's -15.38%.

Which ETF is better, SIXZ or ARLU?

On 1-year performance, ARLU leads with 19.35% vs 12.65% for SIXZ. Both ETFs have the same 0.74% expense ratio. On volatility, SIXZ has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXZ or ARLU?

Over the 1-year period, ARLU has performed better with a 19.35% return vs 12.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXZ or ARLU?

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

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

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

What is the main difference between SIXZ and ARLU?

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

Which has better risk-adjusted returns?

SIXZ currently has the higher Sharpe Ratio (2.10 vs 1.75), 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.