EQAL vs. SIXL

Last updated Jun 24, 2026

EQAL (Invesco Russell 1000 Equal Weight ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. EQAL is passively managed, while SIXL is actively managed. Over the past 5 years, EQAL returned 6.90%/yr vs 4.12%/yr for SIXL. A 0.79 correlation means they provide meaningful diversification when combined. EQAL charges 0.20%/yr vs 0.47%/yr for SIXL.

Performance

EQAL vs. SIXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Equal Weight ETF (EQAL) 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, EQAL achieves a 11.42% return, which is significantly higher than SIXL's 7.20% return.

EQAL

• 1D: -0.25%
• 1M: -0.10%
• YTD: 11.42%
• 6M: 10.52%
• 1Y: 22.33%
• 3Y*: 15.08%
• 5Y*: 6.90%
• 10Y*: 10.85%

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)

EQAL vs. SIXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQAL Invesco Russell 1000 Equal Weight ETF	11.42%	11.05%	11.38%	11.98%	-13.49%	23.14%	36.31%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	7.20%	-0.61%	14.13%	2.38%	-7.49%	20.00%	18.86%

Correlation

The correlation between EQAL and SIXL is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since May 11, 2020	0.79

The correlation between EQAL and SIXL shifts across timeframes, from 0.60 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

EQAL vs. SIXL - Sectors Allocation Comparison

Sectors	EQAL	SIXL
Technology	16.6%	2.6%
Healthcare	9.4%	14.9%
Industrials	9.4%	6.4%
Financial Services	9.2%	15.1%
Real Estate	9.2%	13.9%
Energy	8.3%	2.0%
Basic Materials	8.0%	2.2%
Consumer Cyclical	7.7%	6.4%
Consumer Defensive	7.7%	16.8%
Utilities	7.5%	17.1%
Communication Services	7.2%	2.6%

Return for Risk

EQAL vs. SIXL — Risk / Return Rank

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

EQAL

EQAL Risk / Return Rank: 61
EQAL Sharpe Ratio Rank: 56
EQAL Sortino Ratio Rank: 58
EQAL Omega Ratio Rank: 52
EQAL Calmar Ratio Rank: 70
EQAL Martin Ratio Rank: 67

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.

EQAL vs. SIXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) 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.

	EQAL	SIXL	Difference
Sharpe ratio: Return per unit of total volatility	1.80	0.75	+1.05
Sortino ratio: Return per unit of downside risk	2.59	1.12	+1.47
Omega ratio: Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	3.36	1.15	+2.22
Martin ratio: Return relative to average drawdown	11.68	3.05	+8.63

EQAL vs. SIXL - Sharpe Ratio Comparison

The current EQAL Sharpe Ratio is 1.80, which is higher than the SIXL Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of EQAL 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

EQAL vs. SIXL - Drawdown Comparison

The maximum EQAL drawdown since its inception was -40.44%, which is greater than SIXL's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for EQAL and SIXL.

Drawdown Indicators

	EQAL	SIXL	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-16.08%	-24.36%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-6.52%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.62%	-11.65%	-7.97%
Max Drawdown (5Y) Largest decline over 5 years	-21.79%	-16.08%	-5.71%
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	—	—
Current Drawdown Current decline from peak	-1.96%	-2.60%	+0.64%
Average Drawdown Average peak-to-trough decline	-5.08%	-4.55%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.44%	-0.52%

Volatility

EQAL vs. SIXL - Volatility Comparison

The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 3.52%, while ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) has a volatility of 3.79%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than SIXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQAL	SIXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.79%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	7.21%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	9.98%	+2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	12.20%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	12.57%	+6.27%

EQAL vs. SIXL - Expense Ratio Comparison

EQAL has a 0.20% expense ratio, which is lower than SIXL's 0.47% expense ratio.

Dividends

EQAL vs. SIXL - Dividend Comparison

EQAL's dividend yield for the trailing twelve months is around 1.72%, less than SIXL's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQAL Invesco Russell 1000 Equal Weight ETF	1.72%	1.79%	1.62%	1.88%	1.95%	1.32%	1.63%	1.61%	1.62%	1.18%	1.57%	1.64%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.22%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQAL and SIXL in my portfolio?

EQAL and SIXL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQAL or SIXL?

SIXL has higher volatility (3.79%) compared to EQAL (3.52%). In terms of maximum drawdown, EQAL dropped -40.44% vs SIXL's -16.08%.

Which ETF is better, EQAL or SIXL?

On 5-year performance, EQAL leads with 6.90% vs 4.12% for SIXL. On fees, EQAL is cheaper at 0.20% per year. On volatility, EQAL has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQAL or SIXL?

Over the 5-year period, EQAL has performed better with a 6.90% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQAL or SIXL?

EQAL is cheaper with a 0.20% expense ratio, compared with 0.47% for SIXL.

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

SIXL has the higher dividend yield at 2.22%, compared with 1.72% for EQAL.

What is the main difference between EQAL and SIXL?

They also come from different issuers: Invesco and Exchange Traded Concepts. Their fees differ too: 0.20% for EQAL and 0.47% for SIXL.

Which has better risk-adjusted returns?

EQAL currently has the higher Sharpe Ratio (1.80 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.