SIXH vs. HYLD
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and HYLD (High Yield ETF) are both exchange-traded funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. Both are actively managed. Their 0.14 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 1.29%/yr for HYLD.
Performance
SIXH vs. HYLD - Performance Comparison
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Returns By Period
SIXH
- 1D
- -0.19%
- 1M
- 1.06%
- 6M
- 6.10%
- YTD
- 11.60%
- 1Y
- 15.22%
- 3Y*
- 13.11%
- 5Y*
- 9.52%
- 10Y*
- —
- ALL TIME*
- 11.19%
HYLD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.56M | $1.08M | $613.75K |
SIXH vs. HYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.60% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
HYLD High Yield ETF | 0.00% | 0.00% | 0.00% | 2.80% | -11.48% | 5.41% | 28.08% |
Correlation
The correlation between SIXH and HYLD is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.14 |
The correlation between SIXH and HYLD shifts across timeframes, from -0.04 (3 years) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXH vs. HYLD — Risk / Return Rank
SIXH
HYLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SIXH vs. HYLD - 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 High Yield ETF (HYLD). 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 | HYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | — | — |
| Martin ratioReturn relative to average drawdown | 8.88 | — | — |
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Drawdowns
SIXH vs. HYLD - Drawdown Comparison
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Drawdown Indicators
| SIXH | HYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.82% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | — | — |
Volatility
SIXH vs. HYLD - Volatility Comparison
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Volatility by Period
| SIXH | HYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | — | — |
SIXH vs. HYLD - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than HYLD's 1.29% expense ratio.
Dividends
SIXH vs. HYLD - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.83%, while HYLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD High Yield ETF | 0.00% | 0.00% | 0.00% | 4.67% | 7.86% | 6.45% | 7.52% | 7.46% | 7.97% | 7.18% | 6.59% | 10.87% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.83% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXH and HYLD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SIXH is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SIXH is cheaper with a 0.87% expense ratio, compared with 1.29% for HYLD.
SIXH has the higher dividend yield at 1.83%, compared with 0.00% for HYLD.
SIXH is categorized as Equity Hedged, while HYLD is High Yield Bonds. Their fees differ too: 0.87% for SIXH and 1.29% for HYLD.
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