SIXH vs. MAXJ

Last updated Aug 4, 2026

SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and MAXJ (iShares Large Cap Max Buffer Jun ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, SIXH returned 15.22% vs 7.27% for MAXJ. Their 0.17 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 0.50%/yr for MAXJ.

Performance

SIXH vs. MAXJ - 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 iShares Large Cap Max Buffer Jun ETF (MAXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXH achieves a 11.60% return, which is significantly higher than MAXJ's 3.90% return.

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%

MAXJ

• 1D: 0.25%
• 1M: 0.59%
• 6M: 3.30%
• YTD: 3.90%
• 1Y: 7.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAXJ iShares Large Cap Max Buffer Jun ETF	$1.73M	$1.64M	$1.59M
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	$1.56M	$1.08M	$613.75K

SIXH vs. MAXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	11.60%	9.47%	3.96%
MAXJ iShares Large Cap Max Buffer Jun ETF	3.90%	8.97%	4.56%

Correlation

The correlation between SIXH and MAXJ is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.10
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	0.17

Return for Risk

SIXH vs. MAXJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SIXH

SIXH Risk / Return Rank: 80
SIXH Sharpe Ratio Rank: 80
SIXH Sortino Ratio Rank: 87
SIXH Omega Ratio Rank: 78
SIXH Calmar Ratio Rank: 86
SIXH Martin Ratio Rank: 69

MAXJ

MAXJ Risk / Return Rank: 95
MAXJ Sharpe Ratio Rank: 96
MAXJ Sortino Ratio Rank: 97
MAXJ Omega Ratio Rank: 96
MAXJ Calmar Ratio Rank: 92
MAXJ Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIXH vs. MAXJ - 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 iShares Large Cap Max Buffer Jun ETF (MAXJ). 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	MAXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.94	3.11	-1.17
Sortino ratio: Return per unit of downside risk	3.04	4.91	-1.87
Omega ratio: Gain probability vs. loss probability	1.34	1.67	-0.33
Calmar ratio: Return relative to maximum drawdown	3.50	4.28	-0.78
Martin ratio: Return relative to average drawdown	8.88	24.65	-15.77

SIXH vs. MAXJ - Sharpe Ratio Comparison

The current SIXH Sharpe Ratio is 1.94, which is lower than the MAXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of SIXH and MAXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIXH vs. MAXJ - Drawdown Comparison

The maximum SIXH drawdown since its inception was -11.68%, which is greater than MAXJ's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for SIXH and MAXJ.

Drawdown Indicators

	SIXH	MAXJ	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-6.35%	-5.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.36%	-1.70%	-2.66%
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	-1.82%	0.00%	-1.82%
Average Drawdown Average peak-to-trough decline	-1.82%	-0.53%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	0.30%	+1.42%

Volatility

SIXH vs. MAXJ - Volatility Comparison

6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a higher volatility of 2.40% compared to iShares Large Cap Max Buffer Jun ETF (MAXJ) at 0.72%. This indicates that SIXH's price experiences larger fluctuations and is considered to be riskier than MAXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXH	MAXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	0.72%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	1.92%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	7.89%	2.35%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	5.09%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.09%	5.09%	+5.00%

SIXH vs. MAXJ - Expense Ratio Comparison

SIXH has a 0.87% expense ratio, which is higher than MAXJ's 0.50% expense ratio.

Dividends

SIXH vs. MAXJ - Dividend Comparison

SIXH's dividend yield for the trailing twelve months is around 1.83%, more than MAXJ's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MAXJ iShares Large Cap Max Buffer Jun ETF	0.97%	1.01%	0.81%	0.00%	0.00%	0.00%	0.00%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	1.83%	2.23%	1.55%	2.04%	2.06%	1.65%	1.10%

Frequently Asked Questions

Can I hold both SIXH and MAXJ in my portfolio?

SIXH and MAXJ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXH or MAXJ?

SIXH has higher volatility (2.40%) compared to MAXJ (0.72%). In terms of maximum drawdown, SIXH dropped -11.68% vs MAXJ's -6.35%.

Which ETF is better, SIXH or MAXJ?

On 1-year performance, SIXH leads with 15.22% vs 7.27% for MAXJ. On fees, MAXJ is cheaper at 0.50% per year. On volatility, MAXJ has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXH or MAXJ?

Over the 1-year period, SIXH has performed better with a 15.22% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXH or MAXJ?

MAXJ is cheaper with a 0.50% expense ratio, compared with 0.87% for SIXH.

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

SIXH has the higher dividend yield at 1.83%, compared with 0.97% for MAXJ.

What is the main difference between SIXH and MAXJ?

They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.87% for SIXH and 0.50% for MAXJ.

Which has better risk-adjusted returns?

MAXJ currently has the higher Sharpe Ratio (3.11 vs 1.94), 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.