IYW vs. SIXH
IYW (iShares U.S. Technology ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. IYW is passively managed, while SIXH is actively managed. Over the past 5 years, IYW returned 21.45%/yr vs 9.64%/yr for SIXH. At a 0.21 correlation, their price movements are largely independent. IYW charges 0.38%/yr vs 0.87%/yr for SIXH.
Performance
IYW vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 26.93% return, which is significantly higher than SIXH's 9.61% return.
IYW
- 1D
- -0.11%
- 1M
- 4.79%
- YTD
- 26.93%
- 6M
- 26.17%
- 1Y
- 54.53%
- 3Y*
- 33.87%
- 5Y*
- 21.45%
- 10Y*
- 26.44%
SIXH
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
IYW vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 26.93% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 40.50% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.61% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between IYW 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.21 |
The correlation between IYW and SIXH shifts across timeframes, from -0.18 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYW vs. SIXH — Risk / Return Rank
IYW
SIXH
IYW vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) 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.
| IYW | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.11 | -0.03 |
| Martin ratioReturn relative to average drawdown | 9.84 | 7.88 | +1.96 |
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Drawdowns
IYW vs. SIXH - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for IYW and SIXH.
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Drawdown Indicators
| IYW | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -11.68% | -70.22% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -4.36% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -9.10% | -17.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -11.68% | -27.76% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -2.53% | -0.47% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -1.84% | -32.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 1.72% | +3.84% |
Volatility
IYW vs. SIXH - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 10.30% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.33%. This indicates that IYW'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
| IYW | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | 2.33% | +7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 6.07% | +11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 7.68% | +14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 10.37% | +15.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.26% | 10.13% | +15.13% |
IYW vs. SIXH - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
IYW vs. SIXH - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.10%, less than SIXH's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.10% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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
IYW 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.
IYW has higher volatility (10.30%) compared to SIXH (2.33%). In terms of maximum drawdown, IYW dropped -81.90% vs SIXH's -11.68%.
On 5-year performance, IYW leads with 21.45% vs 9.64% for SIXH. On fees, IYW is cheaper at 0.38% per year. On volatility, SIXH has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 21.45% return vs 9.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 0.10% for IYW.
IYW 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: 0.38% for IYW and 0.87% for SIXH.
IYW currently has the higher Sharpe Ratio (2.50 vs 1.77), 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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