GDIV vs. SIXA

Last updated Jul 14, 2026

GDIV (Harbor Dividend Growth Leaders ETF) and SIXA (6 Meridian Mega Cap Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, GDIV returned 15.69%/yr vs 20.25%/yr for SIXA. Their correlation of 0.83 suggests significant overlap in exposure. GDIV charges 0.50%/yr vs 0.86%/yr for SIXA.

Performance

GDIV vs. SIXA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) and 6 Meridian Mega Cap Equity ETF (SIXA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDIV achieves a 12.41% return, which is significantly lower than SIXA's 14.32% return.

GDIV

• 1D: -0.31%
• 1M: 0.79%
• 6M: 9.29%
• YTD: 12.41%
• 1Y: 22.11%
• 3Y*: 15.69%
• 5Y*: —
• 10Y*: —

SIXA

• 1D: 0.04%
• 1M: 0.47%
• 6M: 12.53%
• YTD: 14.32%
• 1Y: 19.31%
• 3Y*: 20.25%
• 5Y*: 12.64%
• 10Y*: —

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

GDIV vs. SIXA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	12.41%	10.81%	14.83%	16.45%	-1.01%
SIXA 6 Meridian Mega Cap Equity ETF	14.32%	15.52%	22.70%	11.98%	3.26%

Correlation

The correlation between GDIV and SIXA is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.83

The correlation between GDIV and SIXA shifts across timeframes, from 0.67 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

GDIV vs. SIXA - Sectors Allocation Comparison

Sectors	GDIV	SIXA
Financial Services	21.1%	7.7%
Industrials	19.2%	6.5%
Technology	19.0%	19.2%
Healthcare	15.3%	14.5%
Consumer Cyclical	7.3%	3.9%
Energy	5.8%	4.8%
Consumer Defensive	4.9%	23.2%
Utilities	3.7%	5.0%
Basic Materials	1.4%	-
Real Estate	1.2%	1.3%
Communication Services	-	13.9%

Return for Risk

GDIV vs. SIXA — Risk / Return Rank

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

GDIV

GDIV Risk / Return Rank: 70
GDIV Sharpe Ratio Rank: 74
GDIV Sortino Ratio Rank: 77
GDIV Omega Ratio Rank: 74
GDIV Calmar Ratio Rank: 58
GDIV Martin Ratio Rank: 67

SIXA

SIXA Risk / Return Rank: 85
SIXA Sharpe Ratio Rank: 86
SIXA Sortino Ratio Rank: 89
SIXA Omega Ratio Rank: 82
SIXA Calmar Ratio Rank: 82
SIXA Martin Ratio Rank: 84

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.

GDIV vs. SIXA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) and 6 Meridian Mega Cap Equity ETF (SIXA). 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.

	GDIV	SIXA	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.19	-0.32
Sortino ratio: Return per unit of downside risk	2.72	3.28	-0.56
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.30	3.47	-1.17
Martin ratio: Return relative to average drawdown	9.51	13.15	-3.64

GDIV vs. SIXA - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 1.87, which is comparable to the SIXA Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of GDIV and SIXA, 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

GDIV vs. SIXA - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, roughly equal to the maximum SIXA drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for GDIV and SIXA.

Drawdown Indicators

	GDIV	SIXA	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-18.38%	-0.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-5.59%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-11.22%	-7.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.38%	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-3.11%	-2.96%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.47%	+0.86%

Volatility

GDIV vs. SIXA - Volatility Comparison

Harbor Dividend Growth Leaders ETF (GDIV) and 6 Meridian Mega Cap Equity ETF (SIXA) have volatilities of 2.45% and 2.46%, 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

	GDIV	SIXA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.46%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	6.89%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	8.87%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	12.78%	+2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	13.28%	+1.92%

GDIV vs. SIXA - Expense Ratio Comparison

GDIV has a 0.50% expense ratio, which is lower than SIXA's 0.86% expense ratio.

Dividends

GDIV vs. SIXA - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.14%, less than SIXA's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GDIV Harbor Dividend Growth Leaders ETF	1.14%	1.19%	1.30%	2.27%	5.88%	0.00%	0.00%
SIXA 6 Meridian Mega Cap Equity ETF	2.00%	2.31%	1.62%	2.12%	2.23%	1.63%	1.13%

Frequently Asked Questions

Can I hold both GDIV and SIXA in my portfolio?

GDIV and SIXA have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDIV or SIXA?

SIXA has higher volatility (2.46%) compared to GDIV (2.45%). In terms of maximum drawdown, GDIV dropped -18.93% vs SIXA's -18.38%.

Which ETF is better, GDIV or SIXA?

On 3-year performance, SIXA leads with 20.25% vs 15.69% for GDIV. On fees, GDIV is cheaper at 0.50% 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, GDIV or SIXA?

Over the 3-year period, SIXA has performed better with a 20.25% return vs 15.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDIV or SIXA?

GDIV is cheaper with a 0.50% expense ratio, compared with 0.86% for SIXA.

Which ETF pays a higher dividend yield, GDIV or SIXA?

SIXA has the higher dividend yield at 2.00%, compared with 1.14% for GDIV.

What is the main difference between GDIV and SIXA?

They also come from different issuers: Harbor and Exchange Traded Concepts. Their fees differ too: 0.50% for GDIV and 0.86% for SIXA.

Which has better risk-adjusted returns?

SIXA currently has the higher Sharpe Ratio (2.19 vs 1.87), 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.