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ETFs

AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

SIXO
$--
Today’s Change
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Snapshot
*

Inception Date
Sep 30 2021
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$64,731
AUM
$37,805,295
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 09/29/2023 3.03 C
99.79%
Cash&Other
Cash&Other
0.15%
n/a
SPY 09/29/2023 409.35 P
0.08%
n/a
SPY 09/29/2023 446.07 C
-0.01%
n/a
SPY 09/29/2023 368.45 P
-0.01%
Invest with SIXO

What is SIXO?

The AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (the "Fund") seeks to match the returns of the S&P 500 Price Return Index up to a stated upside Cap, while providing a Buffer against the first 10% of the S&P 500 Price Return Index losses for the currently effective Outcome Period from October 1, 2021 to March 31, 2022.

ETFs related toSIXO

ETFs correlated to SIXO include XBJL, XAUG, DECZ

SIXO
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF
XBJL
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 9 Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSIXO

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SIXO using Composer

FAQ

SIXO is a US Equities ETF. The AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF (the "Fund") seeks to match the returns of the S&P 500 Price Return Index up to a stated upside Cap, while providing a Buffer against the first 10% of the S&P 500 Price Return Index losses for the currently effective Outcome Period from October 1, 2021 to March 31, 2022.

SIXO tracks the S&P 500 Index.

No, SIXO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SIXO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SIXO is -0.0048%. This is the percent change in the value of SIXO over the most recent 1-month period. The 3-month return on SIXO is 0.007%. This is the percent change in the value of SIXO over the most recent 3-month period.

The standard deviation of SIXO for the past year is 0.0889%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SIXO include SSO, IVV, and UPRO.

ETFs correlated to SIXO include XBJL, XAUG, and DECZ.

ETFs that are inversely correlated to SIXO include SPDN, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.