FDLO vs. SIXH

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH).

FDLO and SIXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016. SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020.

Performance

FDLO vs. SIXH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Volatility Factor ETF (FDLO) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). The values are adjusted to include any dividend payments, if applicable.

FDLO vs. SIXH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FDLO Fidelity Low Volatility Factor ETF	-2.35%	11.77%	16.06%	16.38%	-10.38%	24.00%	22.74%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	8.34%	9.47%	12.06%	4.93%	6.90%	18.37%	5.83%

Returns By Period

In the year-to-date period, FDLO achieves a -2.35% return, which is significantly lower than SIXH's 8.34% return.

FDLO

• 1D: 0.48%
• 1M: -4.39%
• YTD: -2.35%
• 6M: -0.81%
• 1Y: 8.58%
• 3Y*: 12.59%
• 5Y*: 9.51%
• 10Y*: —

SIXH

• 1D: 0.62%
• 1M: -1.34%
• YTD: 8.34%
• 6M: 10.91%
• 1Y: 10.45%
• 3Y*: 12.84%
• 5Y*: 10.36%
• 10Y*: —

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

FDLO vs. SIXH - Expense Ratio Comparison

FDLO has a 0.29% expense ratio, which is lower than SIXH's 0.87% expense ratio.

SIXH

6 Meridian Hedged Equity-Index Option Strategy ETF

FDLO

Fidelity Low Volatility Factor ETF

Return for Risk

FDLO vs. SIXH — Risk / Return Rank

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

FDLO

FDLO Risk / Return Rank: 34
FDLO Sharpe Ratio Rank: 32
FDLO Sortino Ratio Rank: 32
FDLO Omega Ratio Rank: 34
FDLO Calmar Ratio Rank: 32
FDLO Martin Ratio Rank: 40

SIXH

SIXH Risk / Return Rank: 49
SIXH Sharpe Ratio Rank: 50
SIXH Sortino Ratio Rank: 49
SIXH Omega Ratio Rank: 55
SIXH Calmar Ratio Rank: 43
SIXH Martin Ratio Rank: 50

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.

FDLO vs. SIXH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) 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.

	FDLO	SIXH	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.96	-0.33
Sortino ratio Return per unit of downside risk	0.99	1.39	-0.40
Omega ratio Gain probability vs. loss probability	1.15	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	0.82	1.19	-0.36
Martin ratio Return relative to average drawdown	3.92	5.06	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDLO vs. SIXH - Sharpe Ratio Comparison

The current FDLO Sharpe Ratio is 0.63, which is lower than the SIXH Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FDLO and SIXH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDLO	SIXH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.96	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.01	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.10	-0.32

Correlation

The correlation between FDLO and SIXH is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDLO vs. SIXH - Dividend Comparison

FDLO's dividend yield for the trailing twelve months is around 1.46%, less than SIXH's 1.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDLO Fidelity Low Volatility Factor ETF	1.46%	1.37%	1.40%	1.35%	1.49%	1.11%	1.38%	1.55%	1.76%	1.61%	0.55%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	1.83%	2.23%	1.55%	2.04%	2.06%	1.65%	1.10%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FDLO vs. SIXH - Drawdown Comparison

The maximum FDLO drawdown since its inception was -34.35%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for FDLO and SIXH.

Drawdown Indicators

	FDLO	SIXH	Difference
Max Drawdown Largest peak-to-trough decline	-34.35%	-11.68%	-22.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-8.32%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-11.68%	-7.55%
Current Drawdown Current decline from peak	-5.06%	-1.38%	-3.68%
Average Drawdown Average peak-to-trough decline	-3.42%	-1.84%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.01%	+0.20%

Volatility

FDLO vs. SIXH - Volatility Comparison

Fidelity Low Volatility Factor ETF (FDLO) has a higher volatility of 3.48% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 3.09%. This indicates that FDLO'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

	FDLO	SIXH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.09%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	5.63%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	10.96%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.12%	10.33%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	10.17%	+5.43%