SIXH vs. HUSV
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and HUSV (First Trust Horizon Managed Volatility Domestic ETF) are both Volatility Hedged Equity funds. Both are actively managed. Over the past 5 years, SIXH returned 9.64%/yr vs 5.79%/yr for HUSV. A 0.64 correlation means they provide meaningful diversification when combined. SIXH charges 0.87%/yr vs 0.70%/yr for HUSV.
Performance
SIXH vs. HUSV - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 10.10% return, which is significantly higher than HUSV's 0.83% return.
SIXH
- 1D
- 0.45%
- 1M
- 1.32%
- YTD
- 10.10%
- 6M
- 10.25%
- 1Y
- 13.45%
- 3Y*
- 13.36%
- 5Y*
- 9.64%
- 10Y*
- —
HUSV
- 1D
- 0.94%
- 1M
- -2.53%
- YTD
- 0.83%
- 6M
- 0.32%
- 1Y
- -0.99%
- 3Y*
- 7.78%
- 5Y*
- 5.79%
- 10Y*
- —
SIXH vs. HUSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 10.10% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
HUSV First Trust Horizon Managed Volatility Domestic ETF | 0.83% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 19.66% |
Correlation
The correlation between SIXH and HUSV is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.64 |
The correlation between SIXH and HUSV has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
SIXH vs. HUSV — Risk / Return Rank
SIXH
HUSV
SIXH vs. HUSV - 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 First Trust Horizon Managed Volatility Domestic ETF (HUSV). 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 | HUSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | -0.15 | +3.24 |
| Martin ratioReturn relative to average drawdown | 7.85 | -0.34 | +8.19 |
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Drawdowns
SIXH vs. HUSV - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum HUSV drawdown of -35.72%. Use the drawdown chart below to compare losses from any high point for SIXH and HUSV.
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Drawdown Indicators
| SIXH | HUSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -35.72% | +24.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -6.78% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -9.35% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -17.00% | +5.32% |
Current DrawdownCurrent decline from peak | -0.02% | -3.98% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -3.61% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.90% | -1.18% |
Volatility
SIXH vs. HUSV - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.29%, while First Trust Horizon Managed Volatility Domestic ETF (HUSV) has a volatility of 3.08%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than HUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | HUSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 3.08% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 6.63% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 9.31% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 12.03% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 14.47% | -4.35% |
SIXH vs. HUSV - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than HUSV's 0.70% expense ratio.
Dividends
SIXH vs. HUSV - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.85%, more than HUSV's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | 1.38% | 1.38% | 1.14% | 1.80% | 1.68% | 1.35% | 1.29% | 1.36% | 1.48% | 1.31% | 0.35% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXH and HUSV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUSV has higher volatility (3.08%) compared to SIXH (2.29%). In terms of maximum drawdown, SIXH dropped -11.68% vs HUSV's -35.72%.
On 5-year performance, SIXH leads with 9.64% vs 5.79% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, SIXH has been the lower-risk option at 2.29%. 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 9.64% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HUSV is cheaper with a 0.70% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 1.38% for HUSV.
They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.87% for SIXH and 0.70% for HUSV.
SIXH currently has the higher Sharpe Ratio (1.76 vs -0.11), 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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