QQLV vs. SIXA

Last updated Jul 14, 2026

QQLV (Invesco QQQ Low Volatility ETF) and SIXA (6 Meridian Mega Cap Equity ETF) are both Large Cap Blend Equities funds. QQLV is passively managed, while SIXA is actively managed. Over the past year, QQLV returned 1.72% vs 19.31% for SIXA. A 0.72 correlation means they provide meaningful diversification when combined. QQLV charges 0.25%/yr vs 0.86%/yr for SIXA.

Performance

QQLV vs. SIXA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Low Volatility ETF (QQLV) and 6 Meridian Mega Cap Equity ETF (SIXA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQLV achieves a 4.74% return, which is significantly lower than SIXA's 14.32% return.

QQLV

• 1D: 0.66%
• 1M: 0.46%
• 6M: 3.63%
• YTD: 4.74%
• 1Y: 1.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXA

• 1D: 0.04%
• 1M: 0.47%
• 6M: 12.53%
• YTD: 14.32%
• 1Y: 19.31%
• 3Y*: 20.25%
• 5Y*: 12.64%
• 10Y*: —

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

QQLV vs. SIXA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQLV Invesco QQQ Low Volatility ETF	4.74%	4.19%	-5.60%
SIXA 6 Meridian Mega Cap Equity ETF	14.32%	15.52%	-4.35%

Correlation

The correlation between QQLV and SIXA is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.72

The correlation between QQLV and SIXA has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

Return for Risk

QQLV vs. SIXA — Risk / Return Rank

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

QQLV

QQLV Risk / Return Rank: 11
QQLV Sharpe Ratio Rank: 12
QQLV Sortino Ratio Rank: 11
QQLV Omega Ratio Rank: 11
QQLV Calmar Ratio Rank: 12
QQLV Martin Ratio Rank: 12

SIXA

SIXA Risk / Return Rank: 85
SIXA Sharpe Ratio Rank: 86
SIXA Sortino Ratio Rank: 89
SIXA Omega Ratio Rank: 82
SIXA Calmar Ratio Rank: 82
SIXA Martin Ratio Rank: 84

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.

QQLV vs. SIXA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.

	QQLV	SIXA	Difference
Sharpe ratio: Return per unit of total volatility	0.16	2.19	-2.03
Sortino ratio: Return per unit of downside risk	0.31	3.28	-2.97
Omega ratio: Gain probability vs. loss probability	1.04	1.39	-0.35
Calmar ratio: Return relative to maximum drawdown	0.24	3.47	-3.23
Martin ratio: Return relative to average drawdown	0.46	13.15	-12.70

QQLV vs. SIXA - Sharpe Ratio Comparison

The current QQLV Sharpe Ratio is 0.16, which is lower than the SIXA Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of QQLV and SIXA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQLV vs. SIXA - Drawdown Comparison

The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum SIXA drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for QQLV and SIXA.

Drawdown Indicators

	QQLV	SIXA	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-18.38%	+8.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-5.59%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.38%	—
Current Drawdown Current decline from peak	-0.98%	0.00%	-0.98%
Average Drawdown Average peak-to-trough decline	-3.13%	-2.96%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	1.47%	+2.32%

Volatility

QQLV vs. SIXA - Volatility Comparison

Invesco QQQ Low Volatility ETF (QQLV) has a higher volatility of 4.61% compared to 6 Meridian Mega Cap Equity ETF (SIXA) at 2.46%. This indicates that QQLV's price experiences larger fluctuations and is considered to be riskier than SIXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQLV	SIXA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	2.46%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	6.89%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	8.87%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	12.78%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	13.28%	-0.44%

QQLV vs. SIXA - Expense Ratio Comparison

QQLV has a 0.25% expense ratio, which is lower than SIXA's 0.86% expense ratio.

Dividends

QQLV vs. SIXA - Dividend Comparison

QQLV's dividend yield for the trailing twelve months is around 2.05%, more than SIXA's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQLV Invesco QQQ Low Volatility ETF	2.05%	1.84%	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

Can I hold both QQLV and SIXA in my portfolio?

QQLV and SIXA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQLV or SIXA?

QQLV has higher volatility (4.61%) compared to SIXA (2.46%). In terms of maximum drawdown, QQLV dropped -9.54% vs SIXA's -18.38%.

Which ETF is better, QQLV or SIXA?

On 1-year performance, SIXA leads with 19.31% vs 1.72% for QQLV. On fees, QQLV is cheaper at 0.25% per year. On volatility, SIXA has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQLV or SIXA?

Over the 1-year period, SIXA has performed better with a 19.31% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQLV or SIXA?

QQLV is cheaper with a 0.25% expense ratio, compared with 0.86% for SIXA.

Which ETF pays a higher dividend yield, QQLV or SIXA?

QQLV has the higher dividend yield at 2.05%, compared with 2.00% for SIXA.

What is the main difference between QQLV and SIXA?

They also come from different issuers: Invesco and Exchange Traded Concepts. Their fees differ too: 0.25% for QQLV and 0.86% for SIXA.

Which has better risk-adjusted returns?

SIXA currently has the higher Sharpe Ratio (2.19 vs 0.16), 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.