IVSS vs. SIXL

Last updated Jul 12, 2026

IVSS (Applied Finance IVS US SMID ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. IVSS charges 0.59%/yr vs 0.47%/yr for SIXL.

Performance

IVSS vs. SIXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS US SMID ETF (IVSS) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVSS achieves a 19.40% return, which is significantly higher than SIXL's 10.74% return.

IVSS

• 1D: 0.20%
• 1M: 4.06%
• 6M: 14.15%
• YTD: 19.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXL

• 1D: 0.46%
• 1M: 3.22%
• 6M: 7.88%
• YTD: 10.74%
• 1Y: 11.19%
• 3Y*: 9.91%
• 5Y*: 4.61%
• 10Y*: —

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

IVSS vs. SIXL - Yearly Performance Comparison

	2026 (YTD)	2025
IVSS Applied Finance IVS US SMID ETF	19.40%	0.05%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	10.74%	-0.97%

Correlation

The correlation between IVSS and SIXL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.41

Return for Risk

IVSS vs. SIXL — Risk / Return Rank

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

IVSS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SIXL

SIXL Risk / Return Rank: 36
SIXL Sharpe Ratio Rank: 36
SIXL Sortino Ratio Rank: 36
SIXL Omega Ratio Rank: 33
SIXL Calmar Ratio Rank: 40
SIXL Martin Ratio Rank: 36

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.

IVSS vs. SIXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). 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.

	IVSS	SIXL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.56	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	4.36	—

Drawdowns

IVSS vs. SIXL - Drawdown Comparison

The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum SIXL drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for IVSS and SIXL.

Drawdown Indicators

	IVSS	SIXL	Difference
Max Drawdown Largest peak-to-trough decline	-8.31%	-16.08%	+7.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.08%	—
Current Drawdown Current decline from peak	-0.31%	-0.83%	+0.52%
Average Drawdown Average peak-to-trough decline	-1.58%	-4.53%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.45%	—

Volatility

Volatility by Period

	IVSS	SIXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	10.23%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	12.25%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	12.59%	+2.20%

IVSS vs. SIXL - Expense Ratio Comparison

IVSS has a 0.59% expense ratio, which is higher than SIXL's 0.47% expense ratio.

Dividends

IVSS vs. SIXL - Dividend Comparison

IVSS's dividend yield for the trailing twelve months is around 0.06%, less than SIXL's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IVSS Applied Finance IVS US SMID ETF	0.06%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.19%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%

Frequently Asked Questions

Can I hold both IVSS and SIXL in my portfolio?

IVSS and SIXL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVSS or SIXL?

On fees, SIXL is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVSS or SIXL?

SIXL is cheaper with a 0.47% expense ratio, compared with 0.59% for IVSS.

Which ETF pays a higher dividend yield, IVSS or SIXL?

SIXL has the higher dividend yield at 2.19%, compared with 0.06% for IVSS.

What is the main difference between IVSS and SIXL?

They also come from different issuers: Applied Finance and Exchange Traded Concepts. Their fees differ too: 0.59% for IVSS and 0.47% for SIXL.