SIXA vs. HYLD

Last updated Aug 4, 2026

SIXA (6 Meridian Mega Cap Equity ETF) and HYLD (High Yield ETF) are both exchange-traded funds - SIXA is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. Both are actively managed. Their 0.23 correlation means their historical movements had little consistent relationship. SIXA charges 0.86%/yr vs 1.29%/yr for HYLD.

Performance

SIXA vs. HYLD - Performance Comparison

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

Returns By Period

SIXA

• 1D: 0.32%
• 1M: 0.88%
• 6M: 8.31%
• YTD: 14.36%
• 1Y: 19.61%
• 3Y*: 19.93%
• 5Y*: 12.46%
• 10Y*: —
• ALL TIME*: 16.02%

HYLD

• 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)
SIXA 6 Meridian Mega Cap Equity ETF	$1.52M	$1.58M	$834.78K

SIXA vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SIXA 6 Meridian Mega Cap Equity ETF	14.36%	15.52%	22.70%	11.98%	-5.72%	23.87%	19.04%
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	28.08%

Correlation

The correlation between SIXA and HYLD is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	-0.00
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (All Time) Calculated using the full available price history since May 11, 2020	0.23

The correlation between SIXA and HYLD shifts across timeframes, from -0.00 (3 years) to 0.25 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SIXA vs. HYLD — Risk / Return Rank

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

SIXA

SIXA Risk / Return Rank: 87
SIXA Sharpe Ratio Rank: 87
SIXA Sortino Ratio Rank: 90
SIXA Omega Ratio Rank: 85
SIXA Calmar Ratio Rank: 86
SIXA Martin Ratio Rank: 87

HYLD

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.

SIXA vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and High Yield ETF (HYLD). 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	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	13.39	—	—

Drawdowns

Drawdown Indicators

	SIXA	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	—	—
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	-1.40%	—	—
Average Drawdown Average peak-to-trough decline	-2.93%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	SIXA	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	—	—

SIXA vs. HYLD - Expense Ratio Comparison

SIXA has a 0.86% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

SIXA vs. HYLD - Dividend Comparison

SIXA's dividend yield for the trailing twelve months is around 1.98%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
SIXA 6 Meridian Mega Cap Equity ETF	1.98%	2.31%	1.62%	2.12%	2.23%	1.63%	1.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIXA and HYLD in my portfolio?

SIXA and HYLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXA or HYLD?

On fees, SIXA is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXA or HYLD?

SIXA is cheaper with a 0.86% expense ratio, compared with 1.29% for HYLD.

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

SIXA has the higher dividend yield at 1.98%, compared with 0.00% for HYLD.

What is the main difference between SIXA and HYLD?

SIXA is categorized as Large Cap Blend Equities, while HYLD is High Yield Bonds. Their fees differ too: 0.86% for SIXA and 1.29% for HYLD.