SIXA vs. INDF

Last updated Jun 4, 2026

SIXA (6 Meridian Mega Cap Equity ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - SIXA is a Large Cap Blend Equities fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. SIXA is actively managed, while INDF is passively managed. At a 0.40 correlation, their price movements are largely independent. SIXA charges 0.86%/yr vs 0.75%/yr for INDF.

Performance

SIXA vs. INDF - Performance Comparison

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

Returns By Period

SIXA

• 1D: -0.09%
• 1M: 2.40%
• YTD: 11.89%
• 6M: 12.48%
• 1Y: 18.71%
• 3Y*: 20.65%
• 5Y*: 12.50%
• 10Y*: —

INDF

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

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

SIXA vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SIXA 6 Meridian Mega Cap Equity ETF	11.89%	15.52%	22.70%	11.98%	-5.72%	23.87%	7.51%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between SIXA and INDF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.40

Over the past year, the correlation between SIXA and INDF has dropped to 0.13 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

SIXA vs. INDF - Sectors Allocation Comparison

Sectors	SIXA	INDF
Consumer Defensive	23.8%	-
Technology	19.7%	-
Communication Services	13.4%	-
Healthcare	12.7%	-
Financial Services	9.6%	100.0%
Industrials	7.8%	-
Consumer Cyclical	6.7%	-
Utilities	5.0%	-
Energy	3.1%	-
Real Estate	1.4%	-
Basic Materials	-	-

Return for Risk

SIXA vs. INDF — Risk / Return Rank

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

SIXA

SIXA Risk / Return Rank: 65
SIXA Sharpe Ratio Rank: 62
SIXA Sortino Ratio Rank: 68
SIXA Omega Ratio Rank: 60
SIXA Calmar Ratio Rank: 68
SIXA Martin Ratio Rank: 69

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.

SIXA vs. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and Nifty India Financials ETF (INDF). 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.

	SIXA	INDF	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	12.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SIXA	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	—	—

Drawdowns

Drawdown Indicators

	SIXA	INDF	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	-0.84%	—	—
Average Drawdown Average peak-to-trough decline	-3.00%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	SIXA	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	—	—

SIXA vs. INDF - Expense Ratio Comparison

SIXA has a 0.86% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

SIXA vs. INDF - Dividend Comparison

SIXA's dividend yield for the trailing twelve months is around 2.01%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%
SIXA 6 Meridian Mega Cap Equity ETF	2.01%	2.31%	1.62%	2.12%	2.23%	1.63%	1.13%

Frequently Asked Questions

Can I hold both SIXA and INDF in my portfolio?

SIXA and INDF have a correlation of 0.13, 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 INDF?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXA or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.86% for SIXA.

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

INDF has the higher dividend yield at 21.29%, compared with 2.01% for SIXA.

What is the main difference between SIXA and INDF?

SIXA is categorized as Large Cap Blend Equities, while INDF is Financials Equities. Their fees differ too: 0.86% for SIXA and 0.75% for INDF.