SIXH vs. CEFS
Compare and contrast key facts about 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Saba Closed-End Funds ETF (CEFS).
SIXH and CEFS 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. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017.
Performance
SIXH vs. CEFS - Performance Comparison
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SIXH vs. CEFS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 7.67% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 5.83% |
CEFS Saba Closed-End Funds ETF | -0.33% | 16.67% | 23.48% | 20.99% | -7.08% | 17.86% | 26.53% |
Returns By Period
In the year-to-date period, SIXH achieves a 7.67% return, which is significantly higher than CEFS's -0.33% return.
SIXH
- 1D
- 1.20%
- 1M
- -1.92%
- YTD
- 7.67%
- 6M
- 10.05%
- 1Y
- 9.49%
- 3Y*
- 12.61%
- 5Y*
- 10.22%
- 10Y*
- —
CEFS
- 1D
- 2.04%
- 1M
- -2.99%
- YTD
- -0.33%
- 6M
- 3.31%
- 1Y
- 14.56%
- 3Y*
- 17.06%
- 5Y*
- 11.58%
- 10Y*
- —
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SIXH vs. CEFS - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Return for Risk
SIXH vs. CEFS — Risk / Return Rank
SIXH
CEFS
SIXH vs. CEFS - 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 Saba Closed-End Funds ETF (CEFS). 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 | CEFS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.11 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.54 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.43 | -0.22 |
Martin ratioReturn relative to average drawdown | 5.09 | 6.94 | -1.85 |
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 | CEFS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.11 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.90 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.70 | +0.39 |
Correlation
The correlation between SIXH and CEFS is 0.31, 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. CEFS - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.84%, less than CEFS's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.84% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 8.01% | 7.84% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 8.10% | 10.43% | 5.02% |
Drawdowns
SIXH vs. CEFS - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for SIXH and CEFS.
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Drawdown Indicators
| SIXH | CEFS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -38.99% | +27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -9.80% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -16.85% | +5.17% |
Current DrawdownCurrent decline from peak | -1.99% | -3.75% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -3.73% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.02% | +0.07% |
Volatility
SIXH vs. CEFS - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 3.04%, while Saba Closed-End Funds ETF (CEFS) has a volatility of 4.75%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than CEFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | CEFS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 4.75% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 7.46% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 13.15% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 12.99% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 15.38% | -5.21% |