SIXJ vs SPY
AllianzIM US Equity 6 Month Buffer10 Jan/Jul 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 | SIXJ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $145M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +8.65% | +13.68% | |
| 1Y Return | +13.91% | +21.53% | |
| 3Y Return (annualized) | +14.16% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 8.6% | 15.3% | |
| Max Drawdown | -14.1% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 31, 2021 | Jan 22, 1993 |
SIXJ vs SPY Performance
AllianzIM US Equity 6 Month Buffer10 Jan/Jul ETF (SIXJ) 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 SIXJ returned +13.91% while SPY returned +21.53%. Year to date, SIXJ is up 8.65% versus a gain of 13.68% for SPY.
Over three years, SIXJ compounded at +14.16% per year against +21.44% for SPY. Across the full 5-year window we track, SIXJ has the edge at +8.88% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.6% for SIXJ. 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 -14.1% for SIXJ 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
SIXJ 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, SIXJ currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, SIXJ or SPY?
SIXJ 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, SIXJ or SPY?
Over the past year SIXJ returned +13.91% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SIXJ annualized +8.88% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SIXJ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.6% for SIXJ. Worst drawdown: SIXJ -14.1% vs SPY -56.5%.
Should I hold both SIXJ and SPY?
SIXJ 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, SIXJ or SPY?
SIXJ yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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