Correlation
The correlation between SIXA and FNDX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SIXA vs. FNDX
Compare and contrast key facts about 6 Meridian Mega Cap Equity ETF (SIXA) and Schwab Fundamental U.S. Large Company Index ETF (FNDX).
SIXA and FNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXA is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. FNDX is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental U.S. Large Company Index. It was launched on Aug 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXA or FNDX.
Performance
SIXA vs. FNDX - Performance Comparison
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Key characteristics
SIXA:
1.29
FNDX:
0.59
SIXA:
1.74
FNDX:
0.82
SIXA:
1.26
FNDX:
1.12
SIXA:
1.56
FNDX:
0.52
SIXA:
6.93
FNDX:
1.98
SIXA:
2.53%
FNDX:
4.32%
SIXA:
14.41%
FNDX:
17.21%
SIXA:
-18.38%
FNDX:
-37.71%
SIXA:
-0.88%
FNDX:
-4.98%
Returns By Period
In the year-to-date period, SIXA achieves a 7.30% return, which is significantly higher than FNDX's 0.36% return.
SIXA
7.30%
2.00%
2.55%
18.47%
13.06%
14.68%
N/A
FNDX
0.36%
3.68%
-4.57%
10.11%
9.78%
16.42%
11.24%
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SIXA vs. FNDX - Expense Ratio Comparison
SIXA has a 0.86% expense ratio, which is higher than FNDX's 0.25% expense ratio.
Risk-Adjusted Performance
SIXA vs. FNDX — Risk-Adjusted Performance Rank
SIXA
FNDX
SIXA vs. FNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.
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Dividends
SIXA vs. FNDX - Dividend Comparison
SIXA's dividend yield for the trailing twelve months is around 1.80%, which matches FNDX's 1.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXA 6 Meridian Mega Cap Equity ETF | 1.80% | 1.62% | 2.12% | 2.23% | 1.63% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.81% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.90% | 2.01% | 1.62% |
Drawdowns
SIXA vs. FNDX - Drawdown Comparison
The maximum SIXA drawdown since its inception was -18.38%, smaller than the maximum FNDX drawdown of -37.71%. Use the drawdown chart below to compare losses from any high point for SIXA and FNDX.
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Volatility
SIXA vs. FNDX - Volatility Comparison
The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 3.70%, while Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a volatility of 4.45%. This indicates that SIXA experiences smaller price fluctuations and is considered to be less risky than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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