XTR vs. SIXO
XTR (Global X S&P 500 Tail Risk ETF) and SIXO (AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF) are both exchange-traded funds - XTR is a Equity Hedged fund tracking the Cboe S&P 500 Tail Risk Index, while SIXO is a Options Trading fund tracking the S&P 500. Both are passively managed. Over the past 3 years, XTR returned 17.61%/yr vs 9.27%/yr for SIXO. Their correlation of 0.91 means they have usually moved in the same direction. XTR charges 0.25%/yr vs 0.74%/yr for SIXO.
Performance
XTR vs. SIXO - Performance Comparison
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Returns By Period
In the year-to-date period, XTR achieves a 10.63% return, which is significantly higher than SIXO's 4.39% return.
XTR
- 1D
- 1.77%
- 1M
- 3.11%
- 6M
- 9.54%
- YTD
- 10.63%
- 1Y
- 18.95%
- 3Y*
- 17.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.89%
SIXO
- 1D
- 0.15%
- 1M
- 1.06%
- 6M
- 3.58%
- YTD
- 4.39%
- 1Y
- 8.48%
- 3Y*
- 9.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $755.51K | $477.49K | $833.74K | |
| $36.06K | $55.09K | $61.90K |
XTR vs. SIXO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTR Global X S&P 500 Tail Risk ETF | 10.63% | 13.66% | 21.85% | 21.16% | -17.67% | 7.84% |
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF | 4.39% | 7.19% | 12.22% | 17.44% | -5.66% | 4.16% |
Correlation
The correlation between XTR and SIXO is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.91 |
The correlation between XTR and SIXO has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
XTR vs. SIXO — Risk / Return Rank
XTR
SIXO
XTR vs. SIXO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) and AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO). 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.
| XTR | SIXO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.06 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.75 | 7.81 | +0.95 |
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Drawdowns
XTR vs. SIXO - Drawdown Comparison
The maximum XTR drawdown since its inception was -20.83%, which is greater than SIXO's maximum drawdown of -12.04%. Use the drawdown chart below to compare losses from any high point for XTR and SIXO.
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Drawdown Indicators
| XTR | SIXO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -12.04% | -8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -4.13% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -11.95% | -2.40% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.95% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.09% | +1.08% |
Volatility
XTR vs. SIXO - Volatility Comparison
Global X S&P 500 Tail Risk ETF (XTR) has a higher volatility of 3.76% compared to AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (SIXO) at 0.85%. This indicates that XTR's price experiences larger fluctuations and is considered to be riskier than SIXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTR | SIXO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 0.85% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 3.76% | +5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 5.24% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 8.94% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.80% | 8.94% | +4.86% |
XTR vs. SIXO - Expense Ratio Comparison
XTR has a 0.25% expense ratio, which is lower than SIXO's 0.74% expense ratio.
Dividends
XTR vs. SIXO - Dividend Comparison
XTR's dividend yield for the trailing twelve months is around 16.08%, while SIXO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SIXO AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XTR Global X S&P 500 Tail Risk ETF | 16.08% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% |
Frequently Asked Questions
XTR and SIXO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTR has higher volatility (3.76%) compared to SIXO (0.85%). In terms of maximum drawdown, XTR dropped -20.83% vs SIXO's -12.04%.
On 3-year performance, XTR leads with 17.61% vs 9.27% for SIXO. On fees, XTR is cheaper at 0.25% per year. On volatility, SIXO has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTR has performed better with a 17.61% return vs 9.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTR is cheaper with a 0.25% expense ratio, compared with 0.74% for SIXO.
XTR has the higher dividend yield at 16.08%, compared with 0.00% for SIXO.
XTR is categorized as Equity Hedged, while SIXO is Options Trading. XTR tracks Cboe S&P 500 Tail Risk Index, while SIXO tracks S&P 500. They also come from different issuers: Global X and Allianz. Their fees differ too: 0.25% for XTR and 0.74% for SIXO.
SIXO currently has the higher Sharpe Ratio (1.63 vs 1.62), 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.
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