SIXH vs. LGLV
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both Volatility Hedged Equity funds. SIXH is actively managed, while LGLV is passively managed. Over the past 5 years, SIXH returned 9.57%/yr vs 8.26%/yr for LGLV. A 0.61 correlation means they provide meaningful diversification when combined. SIXH charges 0.87%/yr vs 0.12%/yr for LGLV.
Performance
SIXH vs. LGLV - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 9.84% return, which is significantly higher than LGLV's 3.56% return.
SIXH
- 1D
- -0.24%
- 1M
- 1.07%
- YTD
- 9.84%
- 6M
- 9.57%
- 1Y
- 13.13%
- 3Y*
- 13.26%
- 5Y*
- 9.57%
- 10Y*
- —
LGLV
- 1D
- 0.75%
- 1M
- 0.38%
- YTD
- 3.56%
- 6M
- 2.59%
- 1Y
- 5.62%
- 3Y*
- 11.82%
- 5Y*
- 8.26%
- 10Y*
- 11.38%
SIXH vs. LGLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.84% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 3.56% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 23.14% |
Correlation
The correlation between SIXH and LGLV 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.61 |
The correlation between SIXH and LGLV has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
SIXH vs. LGLV — Risk / Return Rank
SIXH
LGLV
SIXH vs. LGLV - 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 SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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 | LGLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.10 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 0.82 | +2.20 |
| Martin ratioReturn relative to average drawdown | 7.67 | 1.94 | +5.73 |
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Drawdowns
SIXH vs. LGLV - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for SIXH and LGLV.
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Drawdown Indicators
| SIXH | LGLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -36.64% | +24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -6.86% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -10.17% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -17.49% | +5.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.64% | — |
Current DrawdownCurrent decline from peak | -0.26% | -4.07% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -3.22% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.91% | -1.19% |
Volatility
SIXH vs. LGLV - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.30%, while SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a volatility of 3.55%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | LGLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.55% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 7.04% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 9.53% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 12.94% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 16.07% | -5.95% |
SIXH vs. LGLV - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than LGLV's 0.12% expense ratio.
Dividends
SIXH vs. LGLV - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.85%, less than LGLV's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.07% | 1.94% | 1.93% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% |
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% | 0.00% |
Frequently Asked Questions
SIXH and LGLV 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.
LGLV has higher volatility (3.55%) compared to SIXH (2.30%). In terms of maximum drawdown, SIXH dropped -11.68% vs LGLV's -36.64%.
On 5-year performance, SIXH leads with 9.57% vs 8.26% for LGLV. On fees, LGLV is cheaper at 0.12% 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 5-year period, SIXH has performed better with a 9.57% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LGLV is cheaper with a 0.12% expense ratio, compared with 0.87% for SIXH.
LGLV has the higher dividend yield at 2.07%, compared with 1.85% for SIXH.
They also come from different issuers: Exchange Traded Concepts and State Street. Their fees differ too: 0.87% for SIXH and 0.12% for LGLV.
SIXH currently has the higher Sharpe Ratio (1.72 vs 0.59), 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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