SFLO vs. ESIX

Last updated Aug 4, 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 0.81 means they have usually moved in the same direction. 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: 1.87%
• 1M: 8.45%
• 6M: 27.60%
• YTD: 30.25%
• 1Y: 47.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.43%

ESIX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SFLO Victoryshares Small Cap Free Cash Flow ETF	$5.65M	$4.19M	$2.65M

SFLO vs. ESIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SFLO Victoryshares Small Cap Free Cash Flow ETF	30.25%	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 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.81

The correlation between SFLO and ESIX shifts across timeframes, from 0.66 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

SFLO vs. ESIX - Sectors Allocation Comparison

Sectors	SFLO	ESIX
Technology	32.1%	17.0%
Healthcare	16.3%	10.8%
Energy	15.4%	5.9%
Consumer Cyclical	12.6%	12.2%
Industrials	8.3%	17.1%
Communication Services	8.2%	3.1%
Consumer Defensive	6.1%	3.4%
Basic Materials	0.8%	4.9%
Financial Services	0.2%	17.0%
Utilities	0.1%	1.7%
Real Estate	0.1%	7.0%

Return for Risk

SFLO vs. ESIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SFLO

SFLO Risk / Return Rank: 94
SFLO Sharpe Ratio Rank: 94
SFLO Sortino Ratio Rank: 94
SFLO Omega Ratio Rank: 92
SFLO Calmar Ratio Rank: 96
SFLO Martin Ratio Rank: 95

ESIX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	2.69	—	—
Sortino ratio: Return per unit of downside risk	3.78	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	6.05	—	—
Martin ratio: Return relative to average drawdown	20.29	—	—

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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	—	—

Volatility

Volatility by Period

	SFLO	ESIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.51%	—	—

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 0.71%, 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	0.71%	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 0.66, 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 0.71% 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.