SFLO vs. ESIX

Last updated Jun 24, 2026

SFLO (Victoryshares Small Cap Free Cash Flow ETF) and ESIX (SPDR S&P SmallCap 600 ESG ETF) are both Small Cap Blend Equities funds - SFLO tracks the Victory US Small Cap Free Cash Flow Index while ESIX tracks the S&P SmallCap 600 ESG Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. SFLO charges 0.49%/yr vs 0.12%/yr for ESIX.

Performance

SFLO vs. ESIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Small Cap Free Cash Flow ETF (SFLO) and SPDR S&P SmallCap 600 ESG ETF (ESIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFLO

• 1D: 0.86%
• 1M: 0.50%
• YTD: 12.77%
• 6M: 11.84%
• 1Y: 28.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFLO vs. ESIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SFLO Victoryshares Small Cap Free Cash Flow ETF	12.77%	11.88%	6.54%	0.27%
ESIX SPDR S&P SmallCap 600 ESG ETF	10.83%	1.83%	9.66%	2.40%

Correlation

The correlation between SFLO and ESIX is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.84

The correlation between SFLO and ESIX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

SFLO vs. ESIX - Sectors Allocation Comparison

Sectors	SFLO	ESIX
Technology	28.1%	16.6%
Healthcare	18.9%	10.8%
Consumer Cyclical	17.2%	12.4%
Energy	13.4%	6.7%
Industrials	9.1%	17.2%
Communication Services	7.0%	2.9%
Consumer Defensive	4.4%	3.0%
Basic Materials	1.7%	4.4%
Financial Services	0.2%	17.0%
Utilities	0.1%	2.0%
Real Estate	0.1%	6.9%

Return for Risk

SFLO vs. ESIX — Risk / Return Rank

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

SFLO

SFLO Risk / Return Rank: 60
SFLO Sharpe Ratio Rank: 52
SFLO Sortino Ratio Rank: 54
SFLO Omega Ratio Rank: 48
SFLO Calmar Ratio Rank: 77
SFLO Martin Ratio Rank: 69

ESIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SFLO vs. ESIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Small Cap Free Cash Flow ETF (SFLO) and SPDR S&P SmallCap 600 ESG ETF (ESIX). 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.

	SFLO	ESIX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.72	—	—
Martin ratio: Return relative to average drawdown	11.95	—	—

Drawdowns

Drawdown Indicators

	SFLO	ESIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	—	—
Current Drawdown Current decline from peak	-3.39%	—	—
Average Drawdown Average peak-to-trough decline	-4.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	—	—

Volatility

Volatility by Period

	SFLO	ESIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	—	—

SFLO vs. ESIX - Expense Ratio Comparison

SFLO has a 0.49% expense ratio, which is higher than ESIX's 0.12% expense ratio.

Dividends

SFLO vs. ESIX - Dividend Comparison

SFLO's dividend yield for the trailing twelve months is around 0.82%, less than ESIX's 1.05% yield.

Position	TTM	2025	2024	2023	2022
ESIX SPDR S&P SmallCap 600 ESG ETF	1.05%	1.64%	1.65%	1.69%	1.54%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.82%	1.04%	1.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFLO and ESIX in my portfolio?

SFLO and ESIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFLO or ESIX?

On fees, ESIX is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFLO or ESIX?

ESIX is cheaper with a 0.12% expense ratio, compared with 0.49% for SFLO.

Which ETF pays a higher dividend yield, SFLO or ESIX?

ESIX has the higher dividend yield at 1.05%, compared with 0.82% for SFLO.

What is the main difference between SFLO and ESIX?

SFLO tracks Victory US Small Cap Free Cash Flow Index, while ESIX tracks S&P SmallCap 600 ESG Index. They also come from different issuers: Victory and State Street. Their fees differ too: 0.49% for SFLO and 0.12% for ESIX.