SIXA vs. SPY
Compare and contrast key facts about 6 Meridian Mega Cap Equity ETF (SIXA) and SPDR S&P 500 ETF (SPY).
SIXA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXA or SPY.
Correlation
The correlation between SIXA and SPY 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.
Performance
SIXA vs. SPY - Performance Comparison
Key characteristics
SIXA:
2.43
SPY:
1.88
SIXA:
3.41
SPY:
2.53
SIXA:
1.45
SPY:
1.35
SIXA:
3.66
SPY:
2.83
SIXA:
13.07
SPY:
11.74
SIXA:
1.80%
SPY:
2.02%
SIXA:
9.68%
SPY:
12.64%
SIXA:
-18.38%
SPY:
-55.19%
SIXA:
0.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, SIXA achieves a 7.11% return, which is significantly higher than SPY's 4.15% return.
SIXA
7.11%
4.47%
9.29%
23.71%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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. SPY - Expense Ratio Comparison
SIXA has a 0.86% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SIXA vs. SPY — Risk-Adjusted Performance Rank
SIXA
SPY
SIXA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Mega Cap Equity ETF (SIXA) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SIXA's dividend yield for the trailing twelve months is around 1.67%, more than SPY's 1.16% 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% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SIXA vs. SPY - Drawdown Comparison
The maximum SIXA drawdown since its inception was -18.38%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SIXA and SPY. For additional features, visit the drawdowns tool.
Volatility
SIXA vs. SPY - Volatility Comparison
The current volatility for 6 Meridian Mega Cap Equity ETF (SIXA) is 2.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that SIXA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.