SIXH vs. INDF

Last updated Jun 24, 2026

SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. SIXH is actively managed, while INDF is passively managed. At a 0.27 correlation, their price movements are largely independent. SIXH charges 0.87%/yr vs 0.75%/yr for INDF.

Performance

SIXH vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SIXH

• 1D: 0.45%
• 1M: 1.32%
• YTD: 10.10%
• 6M: 10.25%
• 1Y: 13.45%
• 3Y*: 13.36%
• 5Y*: 9.64%
• 10Y*: —

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIXH vs. INDF - 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%	1.97%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	24.44%

Correlation

The correlation between SIXH and INDF is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.27

Over the past year, the correlation between SIXH and INDF has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Return for Risk

SIXH vs. INDF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIXH

SIXH Risk / Return Rank: 57
SIXH Sharpe Ratio Rank: 56
SIXH Sortino Ratio Rank: 63
SIXH Omega Ratio Rank: 53
SIXH Calmar Ratio Rank: 66
SIXH Martin Ratio Rank: 49

INDF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIXH vs. INDF - 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 Nifty India Financials ETF (INDF). 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	INDF	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	7.85	—	—

Drawdowns

Drawdown Indicators

	SIXH	INDF	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.02%	—	—
Average Drawdown Average peak-to-trough decline	-1.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	SIXH	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.12%	—	—

SIXH vs. INDF - Expense Ratio Comparison

SIXH has a 0.87% expense ratio, which is higher than INDF's 0.75% expense ratio.

Dividends

SIXH vs. INDF - Dividend Comparison

SIXH's dividend yield for the trailing twelve months is around 1.85%, while INDF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	1.85%	2.23%	1.55%	2.04%	2.06%	1.65%	1.10%

Frequently Asked Questions

Can I hold both SIXH and INDF in my portfolio?

SIXH and INDF have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXH or INDF?

On fees, INDF is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXH or INDF?

INDF is cheaper with a 0.75% expense ratio, compared with 0.87% for SIXH.

Which ETF pays a higher dividend yield, SIXH or INDF?

INDF has the higher dividend yield at 21.29%, compared with 1.85% for SIXH.

What is the main difference between SIXH and INDF?

SIXH is categorized as Volatility Hedged Equity, while INDF is Financials Equities. Their fees differ too: 0.87% for SIXH and 0.75% for INDF.