SIXA vs. INDF

Last updated Aug 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. Their 0.39 correlation means their historical movements had little consistent relationship. 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: 0.32%
• 1M: 0.88%
• 6M: 8.31%
• YTD: 14.36%
• 1Y: 19.61%
• 3Y*: 19.93%
• 5Y*: 12.46%
• 10Y*: —
• ALL TIME*: 16.02%

INDF

• 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. INDF - 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%	6.95%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	24.44%

Correlation

The correlation between SIXA and INDF is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.10
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.39

The correlation between SIXA and INDF shifts across timeframes, from -0.10 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

SIXA vs. INDF - Sectors Allocation Comparison

Sectors	SIXA	INDF
Consumer Defensive	23.8%	-
Technology	17.0%	-
Healthcare	15.0%	-
Financial Services	12.8%	100.0%
Communication Services	10.4%	-
Consumer Cyclical	5.1%	-
Energy	4.9%	-
Industrials	4.6%	-
Real Estate	3.8%	-
Utilities	2.7%	-
Basic Materials	-	-

Return for Risk

SIXA vs. INDF — 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

INDF

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. 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.

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	INDF	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	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	-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	INDF	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. 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 1.98%, while INDF has not paid dividends to shareholders.

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	1.98%	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 -0.10, 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 1.98% 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.