LGLV vs. SIXH
LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both Volatility Hedged Equity funds. LGLV is passively managed, while SIXH is actively managed. Over the past 5 years, LGLV returned 8.27%/yr vs 9.64%/yr for SIXH. A 0.61 correlation means they provide meaningful diversification when combined. LGLV charges 0.12%/yr vs 0.87%/yr for SIXH.
Performance
LGLV vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, LGLV achieves a 2.78% return, which is significantly lower than SIXH's 10.10% return.
LGLV
- 1D
- 0.86%
- 1M
- -0.36%
- YTD
- 2.78%
- 6M
- 2.23%
- 1Y
- 5.19%
- 3Y*
- 11.54%
- 5Y*
- 8.27%
- 10Y*
- 11.29%
SIXH
- 1D
- 0.45%
- 1M
- 1.32%
- YTD
- 10.10%
- 6M
- 10.25%
- 1Y
- 13.45%
- 3Y*
- 13.36%
- 5Y*
- 9.64%
- 10Y*
- —
LGLV vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.78% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 23.14% |
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 LGLV and SIXH is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.61 |
The correlation between LGLV and SIXH has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
LGLV vs. SIXH — Risk / Return Rank
LGLV
SIXH
LGLV vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) 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.
| LGLV | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.09 | -2.34 |
| Martin ratioReturn relative to average drawdown | 1.80 | 7.85 | -6.05 |
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Drawdowns
LGLV vs. SIXH - Drawdown Comparison
The maximum LGLV drawdown since its inception was -36.64%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for LGLV and SIXH.
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Drawdown Indicators
| LGLV | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -11.68% | -24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -4.36% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.17% | -9.10% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -11.68% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.64% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.02% | -4.77% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -1.84% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.72% | +1.18% |
Volatility
LGLV vs. SIXH - Volatility Comparison
SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a higher volatility of 3.51% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.29%. This indicates that LGLV'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
| LGLV | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.29% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 6.08% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.57% | 7.67% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 10.37% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 10.12% | +5.95% |
LGLV vs. SIXH - Expense Ratio Comparison
LGLV has a 0.12% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
LGLV vs. SIXH - Dividend Comparison
LGLV's dividend yield for the trailing twelve months is around 2.09%, more than SIXH's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.09% | 1.94% | 1.93% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% |
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
LGLV and SIXH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LGLV has higher volatility (3.51%) compared to SIXH (2.29%). In terms of maximum drawdown, LGLV dropped -36.64% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.64% vs 8.27% for LGLV. On fees, LGLV is cheaper at 0.12% 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 8.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LGLV is cheaper with a 0.12% expense ratio, compared with 0.87% for SIXH.
LGLV has the higher dividend yield at 2.09%, compared with 1.85% for SIXH.
They also come from different issuers: State Street and Exchange Traded Concepts. Their fees differ too: 0.12% for LGLV and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.76 vs 0.55), 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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