6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH)
SIXH is an actively managed ETF by Exchange Traded Concepts. SIXH launched on May 11, 2020 and has a 0.87% expense ratio.
ETF Info
| ISIN | US3015056654 |
|---|---|
| CUSIP | 301505665 |
| Issuer | Exchange Traded Concepts |
| Inception Date | May 11, 2020 |
| Region | North America (U.S.) |
| Category | Actively Managed, Volatility Hedged Equity |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.6meridianfunds.com |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SIXH features an expense ratio of 0.87%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SIXH vs. POCT, SIXH vs. SPY, SIXH vs. QQQ, SIXH vs. JEPQ, SIXH vs. FTHI, SIXH vs. LSAT, SIXH vs. DBMF, SIXH vs. ACIO, SIXH vs. VOO, SIXH vs. IYH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 6 Meridian Hedged Equity-Index Option Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
6 Meridian Hedged Equity-Index Option Strategy ETF had a return of 13.94% year-to-date (YTD) and 15.71% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.94% | 25.45% |
| 1 month | 0.05% | 2.91% |
| 6 months | 5.15% | 14.05% |
| 1 year | 15.71% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of SIXH, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.09% | 1.45% | 2.55% | -0.28% | 1.64% | -0.84% | 1.76% | 2.46% | 0.54% | 0.88% | 13.94% | ||
| 2023 | 0.74% | -2.48% | -1.21% | 2.22% | -1.59% | 0.34% | 1.45% | 1.39% | -0.09% | -0.69% | 3.60% | 1.32% | 4.93% |
| 2022 | -0.74% | -1.76% | 2.26% | -0.74% | 3.17% | -7.25% | 2.30% | -0.92% | -4.36% | 11.02% | 4.59% | 0.28% | 6.90% |
| 2021 | 0.59% | 0.56% | 6.42% | 0.57% | 4.13% | 0.75% | 1.07% | 2.62% | -4.13% | 1.84% | -1.99% | 5.01% | 18.37% |
| 2020 | 0.16% | 0.54% | 0.40% | 0.88% | 1.14% | -2.00% | 4.26% | 0.42% | 5.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SIXH is 86, placing it in the top 14% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
6 Meridian Hedged Equity-Index Option Strategy ETF provided a 1.52% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.57 | $0.68 | $0.67 | $0.51 | $0.29 |
Dividend yield | 1.52% | 2.04% | 2.07% | 1.65% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for 6 Meridian Hedged Equity-Index Option Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.08 | $0.03 | $0.04 | $0.06 | $0.04 | $0.03 | $0.07 | $0.05 | $0.00 | $0.46 | |
| 2023 | $0.05 | $0.05 | $0.09 | $0.06 | $0.04 | $0.10 | $0.01 | $0.04 | $0.08 | $0.04 | $0.03 | $0.09 | $0.68 |
| 2022 | $0.01 | $0.03 | $0.08 | $0.03 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.05 | $0.07 | $0.08 | $0.67 |
| 2021 | $0.04 | $0.03 | $0.06 | $0.02 | $0.05 | $0.03 | $0.03 | $0.05 | $0.06 | $0.00 | $0.07 | $0.07 | $0.51 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.02 | $0.04 | $0.04 | $0.06 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the 6 Meridian Hedged Equity-Index Option Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 6 Meridian Hedged Equity-Index Option Strategy ETF was 11.68%, occurring on Sep 30, 2022. Recovery took 34 trading sessions.
The current 6 Meridian Hedged Equity-Index Option Strategy ETF drawdown is 0.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.68% | Apr 21, 2022 | 113 | Sep 30, 2022 | 34 | Nov 17, 2022 | 147 |
| -6.71% | Jan 9, 2023 | 48 | Mar 17, 2023 | 123 | Sep 14, 2023 | 171 |
| -6.55% | Jan 18, 2022 | 27 | Feb 24, 2022 | 31 | Apr 8, 2022 | 58 |
| -5.15% | Aug 17, 2021 | 24 | Sep 20, 2021 | 70 | Dec 29, 2021 | 94 |
| -4.21% | Sep 15, 2023 | 31 | Oct 27, 2023 | 4 | Nov 2, 2023 | 35 |
Volatility
Volatility Chart
The current 6 Meridian Hedged Equity-Index Option Strategy ETF volatility is 1.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.