6 Meridian Low Beta Equity Strategy ETF (SIXL)
SIXL is an actively managed ETF by Exchange Traded Concepts. SIXL launched on May 11, 2020 and has a 0.88% expense ratio.
ETF Info
ISIN | US3015056993 |
---|---|
CUSIP | 301505699 |
Issuer | Exchange Traded Concepts |
Inception Date | May 11, 2020 |
Region | North America (U.S.) |
Category | All Cap Equities, Actively Managed |
Index Tracked | No Index (Active) |
Home Page | www.6meridianfunds.com |
Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
SIXL has a high expense ratio of 0.88%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SIXL vs. QQQ, SIXL vs. FUTY, SIXL vs. XMMO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 6 Meridian Low Beta Equity 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 Low Beta Equity Strategy ETF had a return of 6.20% year-to-date (YTD) and 14.05% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 6.20% | 11.29% |
1 month | 5.97% | 4.87% |
6 months | 11.73% | 17.88% |
1 year | 14.05% | 29.16% |
5 years (annualized) | N/A | 13.20% |
10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of SIXL, 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 | -0.23% | 2.37% | 3.36% | -3.27% | 6.20% | ||||||||
2023 | 2.45% | -1.55% | -2.33% | 0.09% | -5.01% | 3.26% | 3.59% | -2.28% | -3.24% | -0.65% | 4.16% | 4.46% | 2.38% |
2022 | -6.58% | -0.47% | 4.29% | -4.18% | 0.94% | -3.26% | 4.09% | -3.02% | -8.22% | 9.65% | 3.87% | -3.38% | -7.49% |
2021 | 3.35% | 0.99% | 4.33% | 1.52% | 1.51% | 0.96% | 0.85% | 0.84% | -4.23% | 3.74% | -2.19% | 7.19% | 20.00% |
2020 | 3.43% | -1.20% | 4.84% | 1.17% | -3.35% | -0.62% | 7.84% | 5.48% | 18.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SIXL is 52, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
SIXL (6 Meridian Low Beta Equity Strategy ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for 6 Meridian Low Beta Equity Strategy ETF (SIXL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
6 Meridian Low Beta Equity Strategy ETF granted a 1.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Dividend | $0.45 | $0.49 | $0.48 | $0.24 | $0.12 |
Dividend yield | 1.28% | 1.48% | 1.45% | 0.67% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for 6 Meridian Low Beta Equity 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 | $0.01 | $0.04 | $0.06 | $0.02 | $0.00 | $0.13 | |||||||
2023 | $0.01 | $0.05 | $0.09 | $0.02 | $0.07 | $0.01 | $0.02 | $0.06 | $0.04 | $0.02 | $0.04 | $0.07 | $0.49 |
2022 | $0.00 | $0.03 | $0.06 | $0.01 | $0.03 | $0.06 | $0.02 | $0.05 | $0.06 | $0.02 | $0.05 | $0.09 | $0.48 |
2021 | $0.01 | $0.01 | $0.03 | $0.00 | $0.02 | $0.01 | $0.00 | $0.02 | $0.04 | $0.00 | $0.03 | $0.06 | $0.24 |
2020 | $0.03 | $0.00 | $0.02 | $0.01 | $0.00 | $0.02 | $0.04 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the 6 Meridian Low Beta Equity 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 Low Beta Equity Strategy ETF was 16.08%, occurring on Oct 7, 2022. Recovery took 398 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.08% | Jan 3, 2022 | 193 | Oct 7, 2022 | 398 | May 9, 2024 | 591 |
-7.53% | Jun 9, 2020 | 14 | Jun 26, 2020 | 22 | Jul 29, 2020 | 36 |
-7.12% | Aug 10, 2020 | 32 | Sep 23, 2020 | 13 | Oct 12, 2020 | 45 |
-5.84% | Oct 13, 2020 | 14 | Oct 30, 2020 | 8 | Nov 11, 2020 | 22 |
-5.82% | Feb 16, 2021 | 13 | Mar 4, 2021 | 7 | Mar 15, 2021 | 20 |
Volatility
Volatility Chart
The current 6 Meridian Low Beta Equity Strategy ETF volatility is 2.46%, 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.