SIXZ vs SPY
AllianzIM US Equity 6 Month Buffer10 May/Nov ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SIXZ or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SIXZ | SPY |
|---|---|---|
| Expense Ratio | 0.74% | 0.09%Best |
| AUM | $63M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | +8.25% | +11.52%Best |
| 1Y Return | +10.56% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 6.1%Best | 11.8% |
| Max Drawdown | -10.3%Best | -18.8% |
| $10,000 over 2.4 years | $12,905 | $15,673Best |
| Fund Family | AllianzIM | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Apr 30, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 1, 2024 to Sep 10, 2026 (2.4 years).
SIXZ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
SIXZ vs SPY Performance
AllianzIM US Equity 6 Month Buffer10 May/Nov ETF (SIXZ) is an ETF from AllianzIM and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SIXZ returned +10.56% while SPY returned +17.48%. Year to date, SIXZ is up 8.25% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 6.1% for SIXZ. 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 -10.3% for SIXZ and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SIXZ 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, SIXZ currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of SIXZ and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SIXZ or SPY?
SIXZ has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, SIXZ or SPY?
Over the past year SIXZ returned +10.56% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SIXZ annualized +11.21% vs +20.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SIXZ or SPY?
SPY has been the more volatile fund at 11.8% annualized versus 6.1% for SIXZ. Worst drawdown: SIXZ -10.3% vs SPY -18.8%.
Should I hold both SIXZ and SPY?
SIXZ and SPY have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SIXZ or SPY?
SIXZ yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SIXZ?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.