SIXH vs. LSAT
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and LSAT (Leadershares Alphafactor Tactical Focused ETF) are both exchange-traded funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while LSAT is a Money Market fund actively managed by Redwood. Both are actively managed. Over the past 5 years, SIXH returned 9.67%/yr vs 7.11%/yr for LSAT. Their 0.50 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 0.99%/yr for LSAT.
Performance
SIXH vs. LSAT - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 11.82% return, which is significantly lower than LSAT's 16.87% return.
SIXH
- 1D
- -0.05%
- 1M
- 1.25%
- 6M
- 6.67%
- YTD
- 11.82%
- 1Y
- 15.44%
- 3Y*
- 13.19%
- 5Y*
- 9.67%
- 10Y*
- —
- ALL TIME*
- 11.24%
LSAT
- 1D
- -1.47%
- 1M
- -0.08%
- 6M
- 16.18%
- YTD
- 16.87%
- 1Y
- 16.88%
- 3Y*
- 10.30%
- 5Y*
- 7.11%
- 10Y*
- —
- ALL TIME*
- 12.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $127.96K | $112.69K | $108.05K | |
| $192.69K | $438.81K | $385.38K |
SIXH vs. LSAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.82% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 3.14% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 16.87% | -1.54% | 18.16% | 13.64% | -12.99% | 25.10% | 18.71% |
Correlation
The correlation between SIXH and LSAT is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.50 |
The correlation between SIXH and LSAT shifts across timeframes, from 0.36 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXH vs. LSAT — Risk / Return Rank
SIXH
LSAT
SIXH vs. LSAT - 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 Leadershares Alphafactor Tactical Focused ETF (LSAT). 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 | LSAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.04 | +1.54 |
| Martin ratioReturn relative to average drawdown | 9.12 | 4.83 | +4.29 |
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Drawdowns
SIXH vs. LSAT - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum LSAT drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for SIXH and LSAT.
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Drawdown Indicators
| SIXH | LSAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -20.48% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -7.94% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -18.25% | +9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -20.48% | +8.80% |
Current DrawdownCurrent decline from peak | -1.63% | -3.01% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -5.42% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.35% | -1.64% |
Volatility
SIXH vs. LSAT - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.48%, while Leadershares Alphafactor Tactical Focused ETF (LSAT) has a volatility of 4.50%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than LSAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | LSAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 4.50% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 9.84% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 13.08% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 16.27% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 16.71% | -6.62% |
SIXH vs. LSAT - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than LSAT's 0.99% expense ratio.
Dividends
SIXH vs. LSAT - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.82%, more than LSAT's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.62% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.82% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
Frequently Asked Questions
SIXH and LSAT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSAT has higher volatility (4.50%) compared to SIXH (2.48%). In terms of maximum drawdown, SIXH dropped -11.68% vs LSAT's -20.48%.
On 5-year performance, SIXH leads with 9.67% vs 7.11% for LSAT. On fees, SIXH is cheaper at 0.87% per year. On volatility, SIXH has been the lower-risk option at 2.48%. 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 9.67% return vs 7.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXH is cheaper with a 0.87% expense ratio, compared with 0.99% for LSAT.
SIXH has the higher dividend yield at 1.82%, compared with 1.62% for LSAT.
SIXH is categorized as Equity Hedged, while LSAT is Money Market. They also come from different issuers: Exchange Traded Concepts and Redwood. Their fees differ too: 0.87% for SIXH and 0.99% for LSAT.
SIXH currently has the higher Sharpe Ratio (1.99 vs 1.25), 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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