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ETFs

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

SIXJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2021
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$796,414
AUM
$49,193,750
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 06/30/2023 2.83 C
98.84%
n/a
SPY 06/30/2023 382.39 P
3.06%
Cash&Other
Cash&Other
0.59%
n/a
SPY 06/30/2023 344.19 P
-1.22%
n/a
SPY 06/30/2023 424.11 C
-1.27%
Invest with SIXJ

What is SIXJ?

The AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF 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 January 1, 2022 to June 30, 2022.

ETFs related toSIXJ

ETFs correlated to SIXJ include GJAN, FMAR, BFEB

SIXJ
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
BFEB
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - February
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF

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 toSIXJ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SIXJ using Composer

FAQ

SIXJ is a US Equities ETF. The AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF 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 January 1, 2022 to June 30, 2022.

SIXJ tracks the S&P 500 Index.

No, SIXJ 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, SIXJ 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 SIXJ is -0.0056%. This is the percent change in the value of SIXJ over the most recent 1-month period. The 3-month return on SIXJ is 0.0258%. This is the percent change in the value of SIXJ over the most recent 3-month period.

The standard deviation of SIXJ for the past year is 0.1405%. 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 SIXJ include IVV, SPXL, and SPY.

ETFs correlated to SIXJ include GJAN, FMAR, and BFEB.

ETFs that are inversely correlated to SIXJ include SPXS, SH, and SDS.

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.