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 Equity Hedged fund actively managed by Exchange Traded Concepts. IGV is passively managed, while SIXH is actively managed. Over the past 5 years, IGV returned 3.63%/yr vs 9.52%/yr for SIXH. Their 0.18 correlation means their historical movements had little consistent relationship. 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 -7.81% return, which is significantly lower than SIXH's 11.60% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
SIXH
- 1D
- -0.19%
- 1M
- 1.06%
- 6M
- 6.10%
- YTD
- 11.60%
- 1Y
- 15.22%
- 3Y*
- 13.11%
- 5Y*
- 9.52%
- 10Y*
- —
- ALL TIME*
- 11.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47B | $1.27B | $1.69B | |
| $1.56M | $1.08M | $613.75K |
IGV vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 39.21% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.60% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between IGV and SIXH is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.18 |
The correlation between IGV and SIXH shifts across timeframes, from -0.21 (1 year) to 0.18 (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 | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 3.50 | -3.78 |
| Martin ratioReturn relative to average drawdown | -0.53 | 8.88 | -9.41 |
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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 | -17.28% | -1.82% | -15.46% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -1.82% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 1.72% | +17.66% |
Volatility
IGV vs. SIXH - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 7.40% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.40%. 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 | 7.40% | 2.40% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 6.23% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 7.89% | +21.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 10.39% | +17.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 10.09% | +16.38% |
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 1.83% 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 | 1.83% | 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 -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (7.40%) compared to SIXH (2.40%). In terms of maximum drawdown, IGV dropped -63.45% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.52% vs 3.63% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, SIXH has been the lower-risk option at 2.40%. 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 9.52% return vs 3.63%. 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 1.83%, compared with 0.02% for IGV.
IGV is categorized as Technology Equities, while SIXH is Equity Hedged. 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 (1.94 vs -0.35), 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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