SIXH vs. FXF
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while FXF is a Currency fund tracking the Swiss Franc. SIXH is actively managed, while FXF is passively managed. Over the past 5 years, SIXH returned 9.81%/yr vs 1.83%/yr for FXF. Their 0.10 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 0.40%/yr for FXF.
Performance
SIXH vs. FXF - 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 FXF's -3.50% 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%
FXF
- 1D
- -0.17%
- 1M
- -1.09%
- 6M
- -4.81%
- YTD
- -3.50%
- 1Y
- -3.38%
- 3Y*
- 1.52%
- 5Y*
- 1.83%
- 10Y*
- 1.08%
- ALL TIME*
- 1.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.99M | $3.23M | $5.41M | |
| $429.06K | $537.34K | $402.11K |
SIXH vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 12.63% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -3.50% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.93% |
Correlation
The correlation between SIXH and FXF is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.10 |
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Return for Risk
SIXH vs. FXF — Risk / Return Rank
SIXH
FXF
SIXH vs. FXF - 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 Invesco CurrencyShares® Swiss Franc Trust (FXF). 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 | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.93 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.48 | +3.94 |
| Martin ratioReturn relative to average drawdown | 8.80 | -1.15 | +9.95 |
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Drawdowns
SIXH vs. FXF - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum FXF drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for SIXH and FXF.
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Drawdown Indicators
| SIXH | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -35.58% | +23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -7.15% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -8.52% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -11.99% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -21.23% | +21.23% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -20.83% | +19.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.98% | -1.26% |
Volatility
SIXH vs. FXF - Volatility Comparison
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a higher volatility of 2.30% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.75%. This indicates that SIXH's price experiences larger fluctuations and is considered to be riskier than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 1.75% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 5.46% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 7.39% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 8.31% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 7.57% | +2.52% |
SIXH vs. FXF - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than FXF's 0.40% expense ratio.
Dividends
SIXH vs. FXF - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.83%, while FXF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 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 FXF have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIXH has higher volatility (2.30%) compared to FXF (1.75%). In terms of maximum drawdown, SIXH dropped -11.68% vs FXF's -35.58%.
On 5-year performance, SIXH leads with 9.81% vs 1.83% for FXF. On fees, FXF is cheaper at 0.40% per year. On volatility, FXF has been the lower-risk option at 1.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIXH has performed better with a 9.81% return vs 1.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXF is cheaper with a 0.40% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.83%, compared with 0.00% for FXF.
SIXH is categorized as Equity Hedged, while FXF is Currency. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.87% for SIXH and 0.40% for FXF.
SIXH currently has the higher Sharpe Ratio (1.93 vs -0.47), 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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