SIXH vs. CTA
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and CTA (Simplify Managed Futures Strategy ETF) are both exchange-traded funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while CTA is a Systematic Trend fund actively managed by Simplify. Both are actively managed. Over the past 3 years, SIXH returned 13.52%/yr vs 9.57%/yr for CTA. Their -0.06 correlation means they have often moved in opposite directions in the past. SIXH charges 0.87%/yr vs 0.78%/yr for CTA.
Performance
SIXH vs. CTA - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 12.63% return, which is significantly higher than CTA's 6.14% return.
SIXH
- 1D
- 0.70%
- 1M
- 1.82%
- 6M
- 10.01%
- YTD
- 12.63%
- 1Y
- 15.33%
- 3Y*
- 13.52%
- 5Y*
- 9.81%
- 10Y*
- —
- ALL TIME*
- 11.40%
CTA
- 1D
- -1.88%
- 1M
- 7.04%
- 6M
- 2.60%
- YTD
- 6.14%
- 1Y
- 4.94%
- 3Y*
- 9.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.73M | $13.32M | $14.98M | |
| $429.06K | $537.34K | $402.11K |
SIXH vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 12.63% | 9.47% | 12.06% | 4.93% | 10.37% |
CTA Simplify Managed Futures Strategy ETF | 6.14% | 0.88% | 24.15% | -2.23% | 9.01% |
Correlation
The correlation between SIXH and CTA is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2022 | -0.06 |
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Return for Risk
SIXH vs. CTA — Risk / Return Rank
SIXH
CTA
SIXH vs. CTA - 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 Simplify Managed Futures Strategy ETF (CTA). 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 | CTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.05 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 0.20 | +3.26 |
| Martin ratioReturn relative to average drawdown | 8.80 | 0.57 | +8.23 |
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Drawdowns
SIXH vs. CTA - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum CTA drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for SIXH and CTA.
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Drawdown Indicators
| SIXH | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -20.44% | +8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -20.44% | +16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -20.44% | +11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.91% | +12.91% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -6.01% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 7.33% | -5.61% |
Volatility
SIXH vs. CTA - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.30%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 5.80%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 5.80% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 18.29% | -12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 20.97% | -13.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 16.71% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 16.71% | -6.62% |
SIXH vs. CTA - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than CTA's 0.78% expense ratio.
Dividends
SIXH vs. CTA - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.83%, less than CTA's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 4.73% | 3.19% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.83% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
Frequently Asked Questions
SIXH and CTA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTA has higher volatility (5.80%) compared to SIXH (2.30%). In terms of maximum drawdown, SIXH dropped -11.68% vs CTA's -20.44%.
On 3-year performance, SIXH leads with 13.52% vs 9.57% for CTA. On fees, CTA is cheaper at 0.78% per year. On volatility, SIXH has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SIXH has performed better with a 13.52% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CTA is cheaper with a 0.78% expense ratio, compared with 0.87% for SIXH.
CTA has the higher dividend yield at 4.73%, compared with 1.83% for SIXH.
SIXH is categorized as Equity Hedged, while CTA is Systematic Trend. They also come from different issuers: Exchange Traded Concepts and Simplify. Their fees differ too: 0.87% for SIXH and 0.78% for CTA.
SIXH currently has the higher Sharpe Ratio (1.93 vs 0.20), 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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