MNZL vs. SIXA
MNZL (Manzil Russell Halal USA Broad Market ETF) and SIXA (6 Meridian Mega Cap Equity ETF) are both Large Cap Blend Equities funds. MNZL is passively managed, while SIXA is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. MNZL charges 0.40%/yr vs 0.86%/yr for SIXA.
Performance
MNZL vs. SIXA - Performance Comparison
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Returns By Period
In the year-to-date period, MNZL achieves a 18.55% return, which is significantly higher than SIXA's 14.28% return.
MNZL
- 1D
- -0.06%
- 1M
- 2.37%
- 6M
- 16.46%
- YTD
- 18.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIXA
- 1D
- 0.65%
- 1M
- 0.43%
- 6M
- 12.74%
- YTD
- 14.28%
- 1Y
- 19.26%
- 3Y*
- 20.55%
- 5Y*
- 12.71%
- 10Y*
- —
MNZL vs. SIXA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 18.55% | 3.37% |
SIXA 6 Meridian Mega Cap Equity ETF | 14.28% | 2.35% |
Correlation
The correlation between MNZL and SIXA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.54 |
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Return for Risk
MNZL vs. SIXA — Risk / Return Rank
MNZL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SIXA
MNZL vs. SIXA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and 6 Meridian Mega Cap Equity ETF (SIXA). 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.
| MNZL | SIXA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.25 | — |
| Martin ratioReturn relative to average drawdown | — | 12.31 | — |
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Drawdowns
MNZL vs. SIXA - Drawdown Comparison
The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum SIXA drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for MNZL and SIXA.
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Drawdown Indicators
| MNZL | SIXA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.66% | -18.38% | +8.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -1.17% | 0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -2.96% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.48% | — |
Volatility
MNZL vs. SIXA - Volatility Comparison
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Volatility by Period
| MNZL | SIXA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 8.92% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 12.78% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 13.29% | +3.71% |
MNZL vs. SIXA - Expense Ratio Comparison
MNZL has a 0.40% expense ratio, which is lower than SIXA's 0.86% expense ratio.
Dividends
MNZL vs. SIXA - Dividend Comparison
MNZL's dividend yield for the trailing twelve months is around 0.03%, less than SIXA's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIXA 6 Meridian Mega Cap Equity ETF | 2.00% | 2.31% | 1.62% | 2.12% | 2.23% | 1.63% | 1.13% |
Frequently Asked Questions
MNZL and SIXA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNZL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNZL is cheaper with a 0.40% expense ratio, compared with 0.86% for SIXA.
SIXA has the higher dividend yield at 2.00%, compared with 0.03% for MNZL.
They also come from different issuers: Manzil and Exchange Traded Concepts. Their fees differ too: 0.40% for MNZL and 0.86% for SIXA.
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