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IWR vs. SIXL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. SIXL

Last updated Aug 2, 2026
Documentation

IWR (iShares Russell Midcap ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. IWR is passively managed, while SIXL is actively managed. Over the past 5 years, IWR returned 8.04%/yr vs 4.75%/yr for SIXL. Their 0.75 correlation means they have sometimes moved together and sometimes differently. IWR charges 0.19%/yr vs 0.47%/yr for SIXL.

Performance

IWR vs. SIXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWR achieves a 14.55% return, which is significantly higher than SIXL's 11.76% return.

IWR

1D
-0.28%
1M
-0.59%
6M
11.19%
YTD
14.55%
1Y
20.25%
3Y*
14.75%
5Y*
8.04%
10Y*
11.43%
ALL TIME*
9.95%

SIXL

1D
-0.57%
1M
0.20%
6M
6.85%
YTD
11.76%
1Y
14.10%
3Y*
9.10%
5Y*
4.75%
10Y*
—
ALL TIME*
9.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWR

iShares Russell Midcap ETF
$186.41M$266.84M$222.00M

SIXL

ETC 6 Meridian Low Beta Equity Strategy ETF
$85.49K$51.42K$104.59K

IWR vs. SIXL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IWR
iShares Russell Midcap ETF		14.55%10.37%15.21%17.05%-17.48%22.44%38.30%
SIXL
ETC 6 Meridian Low Beta Equity Strategy ETF		11.76%-0.61%14.13%2.38%-7.49%20.00%18.86%

Correlation

The correlation between IWR and SIXL is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (3Y)
Balances recent behavior with more history.

0.66

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.73

Correlation (All Time)
Calculated using the full available price history since May 11, 2020

0.75

Over the past year, the correlation between IWR and SIXL has dropped to 0.43 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

IWR vs. SIXL - Sectors Allocation Comparison

Sectors
IWR
SIXL

Technology

18.3%
2.4%

Industrials

17.2%
6.3%

Financial Services

12.6%
15.7%

Healthcare

10.9%
15.7%

Consumer Cyclical

10.2%
6.5%

Real Estate

6.9%
13.3%

Utilities

6.0%
17.0%

Energy

5.8%
2.0%

Consumer Defensive

4.5%
16.4%

Basic Materials

4.2%
2.3%

Communication Services

3.5%
2.5%

Technology

IWR
18.3%
SIXL
2.4%

Industrials

IWR
17.2%
SIXL
6.3%

Financial Services

IWR
12.6%
SIXL
15.7%

Healthcare

IWR
10.9%
SIXL
15.7%

Consumer Cyclical

IWR
10.2%
SIXL
6.5%

Real Estate

IWR
6.9%
SIXL
13.3%

Utilities

IWR
6.0%
SIXL
17.0%

Energy

IWR
5.8%
SIXL
2.0%

Consumer Defensive

IWR
4.5%
SIXL
16.4%

Basic Materials

IWR
4.2%
SIXL
2.3%

Communication Services

IWR
3.5%
SIXL
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell Midcap ETF

ETC 6 Meridian Low Beta Equity Strategy ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL
Often compared with SIXL:
SIXL vs. VOOSIXL vs. SPYSIXL vs. MIDESIXL vs. QQQSIXL vs. OPTZSIXL vs. XMMOSIXL vs. FUTY

Return for Risk

IWR vs. SIXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWR
IWR Risk / Return Rank: 6262
Overall Rank
IWR Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5959
Sortino Ratio Rank
IWR Omega Ratio Rank: 5555
Omega Ratio Rank
IWR Calmar Ratio Rank: 6666
Calmar Ratio Rank
IWR Martin Ratio Rank: 7272
Martin Ratio Rank
SIXL
SIXL Risk / Return Rank: 5555
Overall Rank
SIXL Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SIXL Sortino Ratio Rank: 5959
Sortino Ratio Rank
SIXL Omega Ratio Rank: 5353
Omega Ratio Rank
SIXL Calmar Ratio Rank: 6060
Calmar Ratio Rank
SIXL Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWR vs. SIXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.

IWRSIXLDifference
Sharpe ratioReturn per unit of total volatility
1.37
1.33

+0.04

Sortino ratioReturn per unit of downside risk
2.00
2.02

-0.02

Omega ratioGain probability vs. loss probability

1.24

1.24

+0.01

Calmar ratioReturn relative to maximum drawdown

2.28

2.12

+0.16

Martin ratioReturn relative to average drawdown

8.85

5.72

+3.13

IWR vs. SIXL - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.37, which is comparable to the SIXL Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of IWR and SIXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWR vs. SIXL - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than SIXL's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for IWR and SIXL.

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Drawdown Indicators

IWRSIXLDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-16.08%

-42.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-6.52%

-1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-11.65%

-9.44%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-16.08%

-10.10%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

—

—

Current Drawdown

Current decline from peak

-0.93%

-1.97%

+1.04%

Average Drawdown

Average peak-to-trough decline

-7.76%

-4.49%

-3.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.41%

-0.31%

Volatility

IWR vs. SIXL - Volatility Comparison

The current volatility for iShares Russell Midcap ETF (IWR) is 2.48%, while ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) has a volatility of 4.24%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than SIXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRSIXLDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.48%

4.24%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

10.17%

7.92%

+2.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.67%

10.43%

+3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.22%

12.31%

+5.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.31%

12.60%

+6.71%

IWR vs. SIXL - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is lower than SIXL's 0.47% expense ratio.

Dividends

IWR vs. SIXL - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.16%, less than SIXL's 2.19% yield.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.16%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
SIXL
ETC 6 Meridian Low Beta Equity Strategy ETF		2.19%2.31%1.28%1.48%1.45%0.67%0.40%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWR and SIXL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SIXL has higher volatility (4.24%) compared to IWR (2.48%). In terms of maximum drawdown, IWR dropped -58.78% vs SIXL's -16.08%.

On 5-year performance, IWR leads with 8.04% vs 4.75% for SIXL. On fees, IWR is cheaper at 0.19% per year. On volatility, IWR has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IWR has performed better with a 8.04% return vs 4.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWR is cheaper with a 0.19% expense ratio, compared with 0.47% for SIXL.

SIXL has the higher dividend yield at 2.19%, compared with 1.16% for IWR.

They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.19% for IWR and 0.47% for SIXL.

IWR currently has the higher Sharpe Ratio (1.36 vs 1.33), 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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