SIXH vs. BULZ
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) are both exchange-traded funds - SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts, while BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%). SIXH is actively managed, while BULZ is passively managed. Over the past 3 years, SIXH returned 13.19%/yr vs 82.14%/yr for BULZ. At a 0.17 correlation, their price movements are largely independent. SIXH charges 0.87%/yr vs 0.95%/yr for BULZ.
Performance
SIXH vs. BULZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIXH achieves a 9.61% return, which is significantly lower than BULZ's 61.20% return.
SIXH
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
BULZ
- 1D
- -2.95%
- 1M
- -4.19%
- YTD
- 61.20%
- 6M
- 55.42%
- 1Y
- 175.88%
- 3Y*
- 82.14%
- 5Y*
- —
- 10Y*
- —
SIXH vs. BULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.61% | 9.47% | 12.06% | 4.93% | 6.90% | 0.53% |
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 61.20% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
Correlation
The correlation between SIXH and BULZ 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 (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021 | 0.17 |
The correlation between SIXH and BULZ shifts across timeframes, from -0.16 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIXH vs. BULZ — Risk / Return Rank
SIXH
BULZ
SIXH vs. BULZ - 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 MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ). 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.
| SIXH | BULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.26 | -0.16 |
| Martin ratioReturn relative to average drawdown | 7.88 | 8.46 | -0.58 |
Loading charts...
Drawdowns
SIXH vs. BULZ - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for SIXH and BULZ.
Loading charts...
Drawdown Indicators
| SIXH | BULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -94.44% | +82.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -54.22% | +49.86% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -67.96% | +58.86% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -24.05% | +23.58% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -58.04% | +56.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 20.87% | -19.15% |
Volatility
SIXH vs. BULZ - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.33%, while MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a volatility of 33.09%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIXH | BULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 33.09% | -30.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 62.60% | -56.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 79.22% | -71.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 91.72% | -81.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 91.72% | -81.59% |
SIXH vs. BULZ - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than BULZ's 0.95% expense ratio.
Dividends
SIXH vs. BULZ - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.85%, while BULZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
Frequently Asked Questions
SIXH and BULZ 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.
BULZ has higher volatility (33.09%) compared to SIXH (2.33%). In terms of maximum drawdown, SIXH dropped -11.68% vs BULZ's -94.44%.
On 3-year performance, BULZ leads with 82.14% vs 13.19% for SIXH. On fees, SIXH is cheaper at 0.87% per year. On volatility, SIXH has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BULZ has performed better with a 82.14% return vs 13.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXH is cheaper with a 0.87% expense ratio, compared with 0.95% for BULZ.
SIXH has the higher dividend yield at 1.85%, compared with 0.00% for BULZ.
SIXH is categorized as Volatility Hedged Equity, while BULZ is Leveraged Equities. They also come from different issuers: Exchange Traded Concepts and BMO. Their fees differ too: 0.87% for SIXH and 0.95% for BULZ.
BULZ currently has the higher Sharpe Ratio (2.24 vs 1.77), 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.
Find the right allocation for SIXH and BULZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer