AIBU vs. SIXH

Last updated Jun 23, 2026

AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - AIBU is a Leveraged Equities fund tracking the Solactive US AI & Big Data Index, while SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. AIBU is passively managed, while SIXH is actively managed. Over the past year, AIBU returned 77.78% vs 13.50% for SIXH. At a correlation of -0.08, they often move in opposite directions. AIBU charges 0.96%/yr vs 0.87%/yr for SIXH.

Performance

AIBU vs. SIXH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIBU achieves a 30.56% return, which is significantly higher than SIXH's 9.61% return.

AIBU

• 1D: -2.71%
• 1M: 1.34%
• YTD: 30.56%
• 6M: 26.00%
• 1Y: 77.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXH

• 1D: 0.55%
• 1M: 0.87%
• YTD: 9.61%
• 6M: 9.61%
• 1Y: 13.50%
• 3Y*: 13.19%
• 5Y*: 9.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIBU vs. SIXH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	30.56%	42.25%	41.01%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	9.61%	9.47%	3.41%

Correlation

The correlation between AIBU and SIXH is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since May 15, 2024	-0.08

Return for Risk

AIBU vs. SIXH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIBU

AIBU Risk / Return Rank: 38
AIBU Sharpe Ratio Rank: 46
AIBU Sortino Ratio Rank: 41
AIBU Omega Ratio Rank: 40
AIBU Calmar Ratio Rank: 33
AIBU Martin Ratio Rank: 29

SIXH

SIXH Risk / Return Rank: 56
SIXH Sharpe Ratio Rank: 53
SIXH Sortino Ratio Rank: 60
SIXH Omega Ratio Rank: 51
SIXH Calmar Ratio Rank: 65
SIXH Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIBU vs. SIXH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AIBU	SIXH	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.77	-0.21
Sortino ratio: Return per unit of downside risk	2.03	2.75	-0.72
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	1.61	3.11	-1.50
Martin ratio: Return relative to average drawdown	3.86	7.88	-4.02

AIBU vs. SIXH - Sharpe Ratio Comparison

The current AIBU Sharpe Ratio is 1.56, which is comparable to the SIXH Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of AIBU and SIXH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIBU vs. SIXH - Drawdown Comparison

The maximum AIBU drawdown since its inception was -51.17%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for AIBU and SIXH.

Drawdown Indicators

	AIBU	SIXH	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-11.68%	-39.49%
Max Drawdown (1Y) Largest decline over 1 year	-48.71%	-4.36%	-44.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.68%	—
Current Drawdown Current decline from peak	-15.65%	-0.47%	-15.18%
Average Drawdown Average peak-to-trough decline	-13.78%	-1.84%	-11.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.22%	1.72%	+18.50%

Volatility

AIBU vs. SIXH - Volatility Comparison

Direxion Daily AI and Big Data Bull 2X Shares (AIBU) has a higher volatility of 20.65% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.33%. This indicates that AIBU's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIBU	SIXH	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.65%	2.33%	+18.32%
Volatility (6M) Calculated over the trailing 6-month period	38.99%	6.07%	+32.92%
Volatility (1Y) Calculated over the trailing 1-year period	50.24%	7.68%	+42.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.93%	10.37%	+45.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.93%	10.13%	+45.80%

AIBU vs. SIXH - Expense Ratio Comparison

AIBU has a 0.96% expense ratio, which is higher than SIXH's 0.87% expense ratio.

Dividends

AIBU vs. SIXH - Dividend Comparison

AIBU's dividend yield for the trailing twelve months is around 1.71%, less than SIXH's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.71%	2.27%	1.33%	0.00%	0.00%	0.00%	0.00%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	1.85%	2.23%	1.55%	2.04%	2.06%	1.65%	1.10%

Frequently Asked Questions

Can I hold both AIBU and SIXH in my portfolio?

AIBU and SIXH have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIBU or SIXH?

AIBU has higher volatility (20.65%) compared to SIXH (2.33%). In terms of maximum drawdown, AIBU dropped -51.17% vs SIXH's -11.68%.

Which ETF is better, AIBU or SIXH?

On 1-year performance, AIBU leads with 77.78% vs 13.50% for SIXH. On fees, SIXH is cheaper at 0.87% per year. On volatility, SIXH has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIBU or SIXH?

Over the 1-year period, AIBU has performed better with a 77.78% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIBU or SIXH?

SIXH is cheaper with a 0.87% expense ratio, compared with 0.96% for AIBU.

Which ETF pays a higher dividend yield, AIBU or SIXH?

SIXH has the higher dividend yield at 1.85%, compared with 1.71% for AIBU.

What is the main difference between AIBU and SIXH?

AIBU is categorized as Leveraged Equities, while SIXH is Volatility Hedged Equity. They also come from different issuers: Direxion and Exchange Traded Concepts. Their fees differ too: 0.96% for AIBU and 0.87% for SIXH.

Which has better risk-adjusted returns?

SIXH currently has the higher Sharpe Ratio (1.77 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.