IGV vs. SIXH
IGV (iShares Expanded Tech-Software Sector ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. IGV is passively managed, while SIXH is actively managed. Over the past 5 years, IGV returned 2.37%/yr vs 9.64%/yr for SIXH. At a 0.19 correlation, their price movements are largely independent. IGV charges 0.39%/yr vs 0.87%/yr for SIXH.
Performance
IGV vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -17.37% return, which is significantly lower than SIXH's 10.10% return.
IGV
- 1D
- 0.01%
- 1M
- -7.10%
- YTD
- -17.37%
- 6M
- -19.19%
- 1Y
- -17.89%
- 3Y*
- 9.05%
- 5Y*
- 2.37%
- 10Y*
- 15.70%
SIXH
- 1D
- 0.45%
- 1M
- 1.32%
- YTD
- 10.10%
- 6M
- 10.25%
- 1Y
- 13.45%
- 3Y*
- 13.36%
- 5Y*
- 9.64%
- 10Y*
- —
IGV vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -17.37% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 39.21% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 10.10% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between IGV and SIXH is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.19 |
The correlation between IGV and SIXH shifts across timeframes, from -0.18 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. SIXH — Risk / Return Rank
IGV
SIXH
IGV vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.31 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.09 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.00 | 7.85 | -8.84 |
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Drawdowns
IGV vs. SIXH - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for IGV and SIXH.
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Drawdown Indicators
| IGV | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -11.68% | -51.77% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -4.36% | -32.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -9.10% | -27.51% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -11.68% | -34.17% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -25.85% | -0.02% | -25.83% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -1.84% | -12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 1.72% | +16.22% |
Volatility
IGV vs. SIXH - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.71% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.29%. This indicates that IGV'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
| IGV | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 2.29% | +10.42% |
Volatility (6M)Calculated over the trailing 6-month period | 24.86% | 6.08% | +18.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.27% | 7.67% | +20.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 10.37% | +17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 10.12% | +16.26% |
IGV vs. SIXH - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
IGV vs. SIXH - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than SIXH's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGV and SIXH have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.71%) compared to SIXH (2.29%). In terms of maximum drawdown, IGV dropped -63.45% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.64% vs 2.37% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, SIXH has been the lower-risk option at 2.29%. 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 9.64% return vs 2.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 0.02% for IGV.
IGV is categorized as Technology Equities, while SIXH is Volatility Hedged Equity. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.39% for IGV and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.76 vs -0.64), 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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