SIXD vs SPY
AllianzIM US Equity 6 Month Buffer10 Jun/Dec ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SIXD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $388M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +8.91% | +13.79% | |
| 1Y Return | +13.48% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 6.0% | 15.3% | |
| Max Drawdown | -10.9% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 31, 2024 | Jan 22, 1993 |
SIXD vs SPY Performance
AllianzIM US Equity 6 Month Buffer10 Jun/Dec ETF (SIXD) is a ETF from AllianzIM and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SIXD returned +13.48% while SPY returned +23.66%. Year to date, SIXD is up 8.91% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.0% for SIXD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.9% for SIXD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SIXD charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, SIXD currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, SIXD or SPY?
SIXD has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, SIXD or SPY?
Over the past year SIXD returned +13.48% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SIXD annualized +11.17% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SIXD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.0% for SIXD. Worst drawdown: SIXD -10.9% vs SPY -56.5%.
Should I hold both SIXD and SPY?
SIXD and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, SIXD or SPY?
SIXD yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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