SIXA vs. FAAR
SIXA (6 Meridian Mega Cap Equity ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - SIXA is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, SIXA returned 13.11%/yr vs 7.89%/yr for FAAR. At a 0.07 correlation, their price movements are largely independent. SIXA charges 0.86%/yr vs 0.95%/yr for FAAR.
Performance
SIXA vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, SIXA achieves a 13.32% return, which is significantly lower than FAAR's 20.23% return.
SIXA
- 1D
- 0.28%
- 1M
- 0.43%
- YTD
- 13.32%
- 6M
- 13.09%
- 1Y
- 21.14%
- 3Y*
- 20.90%
- 5Y*
- 13.11%
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
SIXA vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXA 6 Meridian Mega Cap Equity ETF | 13.32% | 15.52% | 22.70% | 11.98% | -5.72% | 23.87% | 19.04% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 10.53% |
Correlation
The correlation between SIXA and FAAR is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.07 |
The correlation between SIXA and FAAR shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXA vs. FAAR — Risk / Return Rank
SIXA
FAAR
SIXA vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| SIXA | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 4.75 | -0.95 |
| Martin ratioReturn relative to average drawdown | 14.42 | 14.70 | -0.27 |
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Drawdowns
SIXA vs. FAAR - Drawdown Comparison
The maximum SIXA drawdown since its inception was -18.38%, roughly equal to the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for SIXA and FAAR.
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Drawdown Indicators
| SIXA | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -18.03% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -5.68% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | -11.54% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -18.03% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.81% | -5.43% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -7.82% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.89% | -0.42% |
Volatility
SIXA vs. FAAR - Volatility Comparison
6 Meridian Mega Cap Equity ETF (SIXA) has a higher volatility of 2.62% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.47%. This indicates that SIXA's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXA | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.47% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 9.68% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 13.37% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 12.95% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 11.53% | +1.80% |
SIXA vs. FAAR - Expense Ratio Comparison
SIXA has a 0.86% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
SIXA vs. FAAR - Dividend Comparison
SIXA's dividend yield for the trailing twelve months is around 1.99%, less than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
SIXA 6 Meridian Mega Cap Equity ETF | 1.99% | 2.31% | 1.62% | 2.12% | 2.23% | 1.63% | 1.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXA and FAAR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIXA has higher volatility (2.62%) compared to FAAR (2.47%). In terms of maximum drawdown, SIXA dropped -18.38% vs FAAR's -18.03%.
On 5-year performance, SIXA leads with 13.11% vs 7.89% for FAAR. On fees, SIXA is cheaper at 0.86% per year. On volatility, FAAR has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIXA has performed better with a 13.11% return vs 7.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXA is cheaper with a 0.86% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 1.99% for SIXA.
SIXA is categorized as Large Cap Blend Equities, while FAAR is Commodities. They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.86% for SIXA and 0.95% for FAAR.
SIXA currently has the higher Sharpe Ratio (2.38 vs 2.02), 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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