SIXA vs. QQQ
Compare and contrast key facts about 6 Meridian Mega Cap Equity ETF (SIXA) and Invesco QQQ (QQQ).
SIXA and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXA or QQQ.
Correlation
The correlation between SIXA and QQQ is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SIXA vs. QQQ - Performance Comparison
Key characteristics
SIXA:
2.43
QQQ:
1.40
SIXA:
3.41
QQQ:
1.90
SIXA:
1.45
QQQ:
1.25
SIXA:
3.66
QQQ:
1.88
SIXA:
13.07
QQQ:
6.51
SIXA:
1.80%
QQQ:
3.92%
SIXA:
9.68%
QQQ:
18.23%
SIXA:
-18.38%
QQQ:
-82.98%
SIXA:
0.00%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, SIXA achieves a 7.11% return, which is significantly higher than QQQ's 5.09% return.
SIXA
7.11%
4.47%
9.29%
23.71%
N/A
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SIXA vs. QQQ - Expense Ratio Comparison
SIXA has a 0.86% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SIXA vs. QQQ — Risk-Adjusted Performance Rank
SIXA
QQQ
SIXA vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and Invesco QQQ (QQQ). 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.
Dividends
SIXA vs. QQQ - Dividend Comparison
SIXA's dividend yield for the trailing twelve months is around 1.67%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXA 6 Meridian Mega Cap Equity ETF | 1.67% | 1.62% | 2.13% | 2.23% | 1.63% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SIXA vs. QQQ - Drawdown Comparison
The maximum SIXA drawdown since its inception was -18.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SIXA and QQQ. For additional features, visit the drawdowns tool.
Volatility
SIXA vs. QQQ - Volatility Comparison
The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 2.24%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that SIXA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.