SIXH vs. AVGG
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and AVGG (Leverage Shares 2X Long AVGO Daily ETF) are both exchange-traded funds - SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts, while AVGG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, SIXH returned 10.61% vs 161.88% for AVGG. At a correlation of -0.16, they often move in opposite directions. SIXH charges 0.87%/yr vs 0.76%/yr for AVGG.
Performance
SIXH vs. AVGG - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 7.20% return, which is significantly lower than AVGG's 71.17% return.
SIXH
- 1D
- 0.48%
- 1M
- -0.21%
- YTD
- 7.20%
- 6M
- 8.70%
- 1Y
- 10.61%
- 3Y*
- 12.22%
- 5Y*
- 8.95%
- 10Y*
- —
AVGG
- 1D
- -0.88%
- 1M
- 29.67%
- YTD
- 71.17%
- 6M
- 37.06%
- 1Y
- 161.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIXH vs. AVGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 7.20% | 5.21% |
AVGG Leverage Shares 2X Long AVGO Daily ETF | 71.17% | 91.29% |
Correlation
The correlation between SIXH and AVGG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 19, 2025 | -0.16 |
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Return for Risk
SIXH vs. AVGG — Risk / Return Rank
SIXH
AVGG
SIXH vs. AVGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Leverage Shares 2X Long AVGO Daily ETF (AVGG). 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.
| SIXH | AVGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.03 | -0.59 |
| Martin ratioReturn relative to average drawdown | 6.25 | 6.75 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIXH | AVGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.90 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 2.52 | -1.46 |
Drawdowns
SIXH vs. AVGG - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum AVGG drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for SIXH and AVGG.
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Drawdown Indicators
| SIXH | AVGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -53.77% | +42.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -53.77% | +49.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.88% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -17.71% | +15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 24.09% | -22.39% |
Volatility
SIXH vs. AVGG - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.31%, while Leverage Shares 2X Long AVGO Daily ETF (AVGG) has a volatility of 23.84%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than AVGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | AVGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 23.84% | -21.53% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 61.82% | -55.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.60% | 86.10% | -78.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 84.79% | -74.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 84.79% | -74.64% |
SIXH vs. AVGG - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than AVGG's 0.76% expense ratio.
Dividends
SIXH vs. AVGG - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.90%, more than AVGG's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AVGG Leverage Shares 2X Long AVGO Daily ETF | 1.32% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.90% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
Frequently Asked Questions
SIXH and AVGG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGG has higher volatility (23.84%) compared to SIXH (2.31%). In terms of maximum drawdown, SIXH dropped -11.68% vs AVGG's -53.77%.
On 1-year performance, AVGG leads with 161.88% vs 10.61% for SIXH. On fees, AVGG is cheaper at 0.76% per year. On volatility, SIXH has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVGG has performed better with a 161.88% return vs 10.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVGG is cheaper with a 0.76% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.90%, compared with 1.32% for AVGG.
SIXH is categorized as Volatility Hedged Equity, while AVGG is Leveraged Equities. They also come from different issuers: Exchange Traded Concepts and Leverage Shares. Their fees differ too: 0.87% for SIXH and 0.76% for AVGG.
AVGG currently has the higher Sharpe Ratio (1.90 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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