SIXH vs. BITQ
Compare and contrast key facts about 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Bitwise Crypto Industry Innovators ETF (BITQ).
SIXH and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Performance
SIXH vs. BITQ - Performance Comparison
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SIXH vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 7.67% | 9.47% | 12.06% | 4.93% | 6.90% | 8.59% |
BITQ Bitwise Crypto Industry Innovators ETF | -5.37% | 18.00% | 46.97% | 246.83% | -83.86% | -7.06% |
Returns By Period
In the year-to-date period, SIXH achieves a 7.67% return, which is significantly higher than BITQ's -5.37% return.
SIXH
- 1D
- 1.20%
- 1M
- -1.92%
- YTD
- 7.67%
- 6M
- 10.05%
- 1Y
- 9.49%
- 3Y*
- 12.61%
- 5Y*
- 10.22%
- 10Y*
- —
BITQ
- 1D
- 5.90%
- 1M
- -4.07%
- YTD
- -5.37%
- 6M
- -24.77%
- 1Y
- 55.35%
- 3Y*
- 48.69%
- 5Y*
- —
- 10Y*
- —
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SIXH vs. BITQ - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than BITQ's 0.85% expense ratio.
Return for Risk
SIXH vs. BITQ — Risk / Return Rank
SIXH
BITQ
SIXH vs. BITQ - 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 Bitwise Crypto Industry Innovators ETF (BITQ). 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 | BITQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.94 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.59 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.14 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.09 | 2.59 | +2.50 |
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 | BITQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.94 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | -0.05 | +1.14 |
Correlation
The correlation between SIXH and BITQ is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SIXH vs. BITQ - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.84%, while BITQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.84% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% | 0.00% |
Drawdowns
SIXH vs. BITQ - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for SIXH and BITQ.
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Drawdown Indicators
| SIXH | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -90.32% | +78.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -44.99% | +36.41% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -41.83% | +39.84% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -53.87% | +52.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 19.73% | -17.64% |
Volatility
SIXH vs. BITQ - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 3.04%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 17.97%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 17.97% | -14.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 45.99% | -40.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 59.04% | -48.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 67.79% | -57.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 67.79% | -57.62% |