- ISIN
- US3015056654
- CUSIP
- 301505665
- Issuer
- Exchange Traded Concepts
- Inception Date
- May 11, 2020
- Region
- North America (U.S.)
- Category
- Volatility Hedged Equity
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $489M
Share Price Chart
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Performance
SIXH Performance Chart
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is up 9.6% since the beginning of the year. SIXH is currently trading at $43 per share. Investors who bought $1,000 worth of SIXH shares 5 years ago would now be looking at an investment worth $1,584.
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Returns By Period
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has returned 9.61% so far this year and 13.50% over the past 12 months.
6 Meridian Hedged Equity-Index Option Strategy ETF
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SIXH Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2020, SIXH's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2022 with a return of +11.0%, while the worst month was Jun 2022 at -7.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SIXH closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.83% | 4.72% | -1.92% | 0.35% | -0.81% | 2.27% | 9.61% | ||||||
| 2025 | 3.05% | 4.80% | -0.32% | -0.25% | -1.33% | -0.05% | -0.01% | 2.48% | -1.31% | -2.03% | 3.20% | 1.10% | 9.47% |
| 2024 | 3.09% | 1.45% | 2.55% | -0.28% | 1.64% | -0.84% | 1.76% | 2.46% | 0.54% | 0.88% | 1.73% | -3.35% | 12.06% |
| 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 | 0.60% | 0.56% | 6.42% | 0.57% | 4.13% | 0.74% | 1.07% | 2.62% | -4.13% | 1.84% | -1.99% | 5.01% | 18.37% |
Benchmark Metrics
6 Meridian Hedged Equity-Index Option Strategy ETF has an annualized alpha of 5.20%, beta of 0.36, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 11, 2020.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (37.26%) than losses (21.19%) - typical of diversified or defensive assets.
- Beta of 0.36 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.20%
- Beta
- 0.36
- R²
- 0.36
- Upside Capture
- 37.26%
- Downside Capture
- 21.19%
Expense Ratio
SIXH has an expense ratio of 0.87%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SIXH ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SIXH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.78 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.88 | 12.44 | -4.56 |
Dividends
Dividend History
6 Meridian Hedged Equity-Index Option Strategy ETF provided a 1.85% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.87 | $0.57 | $0.68 | $0.67 | $0.51 | $0.29 |
Dividend yield | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.01 | $0.07 | $0.09 | $0.05 | $0.00 | $0.28 | ||||||
| 2025 | $0.08 | $0.06 | $0.10 | $0.07 | $0.05 | $0.07 | $0.11 | $0.03 | $0.07 | $0.11 | $0.04 | $0.09 | $0.87 |
| 2024 | $0.04 | $0.03 | $0.08 | $0.03 | $0.04 | $0.06 | $0.04 | $0.03 | $0.07 | $0.05 | $0.04 | $0.07 | $0.57 |
| 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 | $0.05 | $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 |
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.
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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 0.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -11.68%Sep 2022 | 5mo 12d | 1mo 18d | 7moApr 2022 - Nov 2022 |
2025 selloff2025 | -9.10%Apr 2025 | 1mo 6d | 4mo 13d | 5mo 19dMar 2025 - Aug 2025 |
2023 pullback2023 | -6.71%Mar 2023 | 2mo 7d | 6mo 1d | 8mo 8dJan 2023 - Sep 2023 |
Bear market2022 | -6.55%Feb 2022 | 1mo 7d | 1mo 13d | 2mo 20dJan 2022 - Apr 2022 |
2021 pullback2021 | -5.15%Sep 2021 | 1mo 4d | 3mo 10d | 4mo 14dAug 2021 - Dec 2021 |
Drawdown Indicators
| SIXH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -56.78% | +45.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -9.10% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -18.90% | +9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -25.43% | +13.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.47% | -1.80% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -10.71% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.03% | -0.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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