HUSV vs. SIXH
HUSV (First Trust Horizon Managed Volatility Domestic ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both Volatility Hedged Equity funds. Both are actively managed. Over the past 5 years, HUSV returned 5.67%/yr vs 9.72%/yr for SIXH. A 0.63 correlation means they provide meaningful diversification when combined. HUSV charges 0.70%/yr vs 0.87%/yr for SIXH.
Performance
HUSV vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, HUSV achieves a 1.05% return, which is significantly lower than SIXH's 10.62% return.
HUSV
- 1D
- -0.43%
- 1M
- -1.77%
- YTD
- 1.05%
- 6M
- 0.26%
- 1Y
- -0.23%
- 3Y*
- 7.84%
- 5Y*
- 5.67%
- 10Y*
- —
SIXH
- 1D
- 0.71%
- 1M
- 2.18%
- YTD
- 10.62%
- 6M
- 10.34%
- 1Y
- 14.44%
- 3Y*
- 13.40%
- 5Y*
- 9.72%
- 10Y*
- —
HUSV vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.05% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 19.66% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 10.62% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between HUSV and SIXH is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.63 |
The correlation between HUSV and SIXH has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
HUSV vs. SIXH — Risk / Return Rank
HUSV
SIXH
HUSV vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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.
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.
| HUSV | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.32 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.08 | 8.43 | -8.51 |
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Drawdowns
HUSV vs. SIXH - Drawdown Comparison
The maximum HUSV drawdown since its inception was -35.72%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for HUSV and SIXH.
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Drawdown Indicators
| HUSV | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -11.68% | -24.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -4.36% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -9.10% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -11.68% | -5.32% |
Current DrawdownCurrent decline from peak | -3.76% | 0.00% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -1.84% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.72% | +1.20% |
Volatility
HUSV vs. SIXH - Volatility Comparison
First Trust Horizon Managed Volatility Domestic ETF (HUSV) has a higher volatility of 3.06% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.34%. This indicates that HUSV'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.
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Volatility by Period
| HUSV | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.34% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 6.09% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 7.69% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 10.37% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 10.12% | +4.35% |
HUSV vs. SIXH - Expense Ratio Comparison
HUSV has a 0.70% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
HUSV vs. SIXH - Dividend Comparison
HUSV's dividend yield for the trailing twelve months is around 1.66%, less than SIXH's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.66% | 1.38% | 1.14% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.84% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HUSV and SIXH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUSV has higher volatility (3.06%) compared to SIXH (2.34%). In terms of maximum drawdown, HUSV dropped -35.72% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.72% vs 5.67% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, SIXH has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIXH has performed better with a 9.72% return vs 5.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HUSV is cheaper with a 0.70% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.84%, compared with 1.66% for HUSV.
They also come from different issuers: First Trust and Exchange Traded Concepts. Their fees differ too: 0.70% for HUSV and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.89 vs -0.03), 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.
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