BUYO vs. SIXS

Last updated Jul 21, 2026

BUYO (KraneShares Man Buyout Beta Index ETF) and SIXS (6 Meridian Small Cap Equity ETF) are both Small Cap Blend Equities funds. BUYO is passively managed, while SIXS is actively managed. Over the past year, BUYO returned 28.32% vs 26.41% for SIXS. A 0.70 correlation means they provide meaningful diversification when combined. BUYO charges 0.89%/yr vs 1.00%/yr for SIXS.

Performance

BUYO vs. SIXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Man Buyout Beta Index ETF (BUYO) and 6 Meridian Small Cap Equity ETF (SIXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BUYO having a 17.06% return and SIXS slightly higher at 17.66%.

BUYO

• 1D: -0.42%
• 1M: 0.23%
• 6M: 11.16%
• YTD: 17.06%
• 1Y: 28.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.92%

SIXS

• 1D: -0.62%
• 1M: 6.49%
• 6M: 13.62%
• YTD: 17.66%
• 1Y: 26.41%
• 3Y*: 12.50%
• 5Y*: 6.33%
• 10Y*: —
• ALL TIME*: 15.77%

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

BUYO vs. SIXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUYO KraneShares Man Buyout Beta Index ETF	17.06%	10.94%	0.16%
SIXS 6 Meridian Small Cap Equity ETF	17.66%	4.59%	2.40%

Correlation

The correlation between BUYO and SIXS is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024	0.70

The correlation between BUYO and SIXS has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.

BUYO vs. SIXS - Sectors Allocation Comparison

Sectors	BUYO	SIXS
Technology	23.9%	6.3%
Industrials	21.1%	7.5%
Consumer Cyclical	13.5%	6.6%
Healthcare	12.8%	17.0%
Financial Services	10.7%	24.4%
Basic Materials	7.4%	1.1%
Communication Services	5.0%	5.3%
Consumer Defensive	3.4%	9.8%
Utilities	2.0%	11.5%
Energy	0.3%	2.1%
Real Estate	-	8.4%

Return for Risk

BUYO vs. SIXS — Risk / Return Rank

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

BUYO

BUYO Risk / Return Rank: 68
BUYO Sharpe Ratio Rank: 64
BUYO Sortino Ratio Rank: 67
BUYO Omega Ratio Rank: 59
BUYO Calmar Ratio Rank: 75
BUYO Martin Ratio Rank: 76

SIXS

SIXS Risk / Return Rank: 82
SIXS Sharpe Ratio Rank: 82
SIXS Sortino Ratio Rank: 85
SIXS Omega Ratio Rank: 78
SIXS Calmar Ratio Rank: 87
SIXS Martin Ratio Rank: 80

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.

BUYO vs. SIXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Man Buyout Beta Index ETF (BUYO) and 6 Meridian Small Cap Equity ETF (SIXS). 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.

	BUYO	SIXS	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.95	-0.37
Sortino ratio: Return per unit of downside risk	2.30	2.93	-0.63
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	2.82	3.70	-0.88
Martin ratio: Return relative to average drawdown	10.18	11.13	-0.95

BUYO vs. SIXS - Sharpe Ratio Comparison

The current BUYO Sharpe Ratio is 1.57, which is comparable to the SIXS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of BUYO and SIXS, 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

BUYO vs. SIXS - Drawdown Comparison

The maximum BUYO drawdown since its inception was -28.01%, roughly equal to the maximum SIXS drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for BUYO and SIXS.

Drawdown Indicators

	BUYO	SIXS	Difference
Max Drawdown Largest peak-to-trough decline	-28.01%	-27.68%	-0.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-7.16%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.68%	—
Current Drawdown Current decline from peak	-3.49%	-1.25%	-2.24%
Average Drawdown Average peak-to-trough decline	-5.47%	-8.77%	+3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.38%	+0.41%

Volatility

BUYO vs. SIXS - Volatility Comparison

KraneShares Man Buyout Beta Index ETF (BUYO) and 6 Meridian Small Cap Equity ETF (SIXS) have volatilities of 4.03% and 3.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUYO	SIXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.96%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	9.46%	+4.29%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	13.67%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.34%	17.51%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.34%	19.56%	+1.78%

BUYO vs. SIXS - Expense Ratio Comparison

BUYO has a 0.89% expense ratio, which is lower than SIXS's 1.00% expense ratio.

Dividends

BUYO vs. SIXS - Dividend Comparison

BUYO's dividend yield for the trailing twelve months is around 0.01%, less than SIXS's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BUYO KraneShares Man Buyout Beta Index ETF	0.01%	0.01%	0.04%	0.00%	0.00%	0.00%	0.00%
SIXS 6 Meridian Small Cap Equity ETF	1.69%	1.62%	1.09%	1.60%	1.37%	0.94%	0.45%

Frequently Asked Questions

Can I hold both BUYO and SIXS in my portfolio?

BUYO and SIXS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUYO or SIXS?

BUYO has higher volatility (4.03%) compared to SIXS (3.96%). In terms of maximum drawdown, BUYO dropped -28.01% vs SIXS's -27.68%.

Which ETF is better, BUYO or SIXS?

On 1-year performance, BUYO leads with 28.32% vs 26.41% for SIXS. On fees, BUYO is cheaper at 0.89% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUYO or SIXS?

Over the 1-year period, BUYO has performed better with a 28.32% return vs 26.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUYO or SIXS?

BUYO is cheaper with a 0.89% expense ratio, compared with 1.00% for SIXS.

Which ETF pays a higher dividend yield, BUYO or SIXS?

SIXS has the higher dividend yield at 1.69%, compared with 0.01% for BUYO.

What is the main difference between BUYO and SIXS?

They also come from different issuers: KraneShares and Exchange Traded Concepts. Their fees differ too: 0.89% for BUYO and 1.00% for SIXS.

Which has better risk-adjusted returns?

SIXS currently has the higher Sharpe Ratio (1.95 vs 1.57), 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.