CVMC vs. SIXL

Last updated Jun 24, 2026

CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. CVMC is passively managed, while SIXL is actively managed. Over the past 3 years, CVMC returned 16.39%/yr vs 9.35%/yr for SIXL. A 0.71 correlation means they provide meaningful diversification when combined. CVMC charges 0.15%/yr vs 0.47%/yr for SIXL.

Performance

CVMC vs. SIXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVMC achieves a 16.76% return, which is significantly higher than SIXL's 7.20% return.

CVMC

• 1D: -0.33%
• 1M: 4.42%
• YTD: 16.76%
• 6M: 15.31%
• 1Y: 26.59%
• 3Y*: 16.39%
• 5Y*: —
• 10Y*: —

SIXL

• 1D: 1.57%
• 1M: 0.42%
• YTD: 7.20%
• 6M: 5.06%
• 1Y: 7.44%
• 3Y*: 9.35%
• 5Y*: 4.12%
• 10Y*: —

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

CVMC vs. SIXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CVMC Calvert US Mid-Cap Core Responsible Index ETF	16.76%	9.52%	12.57%	6.14%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	7.20%	-0.61%	14.13%	-0.06%

Correlation

The correlation between CVMC and SIXL is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.71

The correlation between CVMC and SIXL shifts across timeframes, from 0.51 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

CVMC vs. SIXL - Sectors Allocation Comparison

Sectors	CVMC	SIXL
Technology	23.4%	2.6%
Industrials	19.9%	6.4%
Financial Services	12.2%	15.1%
Healthcare	10.0%	14.9%
Consumer Cyclical	9.7%	6.4%
Real Estate	6.8%	13.9%
Utilities	5.4%	17.1%
Consumer Defensive	5.4%	16.8%
Basic Materials	2.9%	2.2%
Communication Services	2.7%	2.6%
Energy	1.2%	2.0%

Return for Risk

CVMC vs. SIXL — Risk / Return Rank

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

CVMC

CVMC Risk / Return Rank: 62
CVMC Sharpe Ratio Rank: 61
CVMC Sortino Ratio Rank: 64
CVMC Omega Ratio Rank: 57
CVMC Calmar Ratio Rank: 63
CVMC Martin Ratio Rank: 68

SIXL

SIXL Risk / Return Rank: 23
SIXL Sharpe Ratio Rank: 22
SIXL Sortino Ratio Rank: 21
SIXL Omega Ratio Rank: 20
SIXL Calmar Ratio Rank: 25
SIXL Martin Ratio Rank: 25

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.

CVMC vs. SIXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). 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.

	CVMC	SIXL	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.75	+1.10
Sortino ratio: Return per unit of downside risk	2.70	1.12	+1.59
Omega ratio: Gain probability vs. loss probability	1.32	1.13	+0.19
Calmar ratio: Return relative to maximum drawdown	2.86	1.15	+1.71
Martin ratio: Return relative to average drawdown	11.43	3.05	+8.38

CVMC vs. SIXL - Sharpe Ratio Comparison

The current CVMC Sharpe Ratio is 1.85, which is higher than the SIXL Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of CVMC and SIXL, 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

CVMC vs. SIXL - Drawdown Comparison

The maximum CVMC drawdown since its inception was -22.53%, which is greater than SIXL's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for CVMC and SIXL.

Drawdown Indicators

	CVMC	SIXL	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-16.08%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.35%	-6.52%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-22.53%	-11.65%	-10.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.08%	—
Current Drawdown Current decline from peak	-0.81%	-2.60%	+1.79%
Average Drawdown Average peak-to-trough decline	-4.13%	-4.55%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.44%	-0.11%

Volatility

CVMC vs. SIXL - Volatility Comparison

Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 5.04% compared to ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) at 3.79%. This indicates that CVMC's price experiences larger fluctuations and is considered to be riskier than SIXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVMC	SIXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	3.79%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	7.21%	+3.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	9.98%	+4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	12.20%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	12.57%	+3.97%

CVMC vs. SIXL - Expense Ratio Comparison

CVMC has a 0.15% expense ratio, which is lower than SIXL's 0.47% expense ratio.

Dividends

CVMC vs. SIXL - Dividend Comparison

CVMC's dividend yield for the trailing twelve months is around 1.20%, less than SIXL's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CVMC Calvert US Mid-Cap Core Responsible Index ETF	1.20%	1.39%	1.21%	1.00%	0.00%	0.00%	0.00%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.22%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%

Frequently Asked Questions

Can I hold both CVMC and SIXL in my portfolio?

CVMC and SIXL have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVMC or SIXL?

CVMC has higher volatility (5.04%) compared to SIXL (3.79%). In terms of maximum drawdown, CVMC dropped -22.53% vs SIXL's -16.08%.

Which ETF is better, CVMC or SIXL?

On 3-year performance, CVMC leads with 16.39% vs 9.35% for SIXL. On fees, CVMC is cheaper at 0.15% per year. On volatility, SIXL has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVMC or SIXL?

Over the 3-year period, CVMC has performed better with a 16.39% return vs 9.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVMC or SIXL?

CVMC is cheaper with a 0.15% expense ratio, compared with 0.47% for SIXL.

Which ETF pays a higher dividend yield, CVMC or SIXL?

SIXL has the higher dividend yield at 2.22%, compared with 1.20% for CVMC.

What is the main difference between CVMC and SIXL?

They also come from different issuers: Calvert and Exchange Traded Concepts. Their fees differ too: 0.15% for CVMC and 0.47% for SIXL.

Which has better risk-adjusted returns?

CVMC currently has the higher Sharpe Ratio (1.85 vs 0.75), 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.