SIXH vs. QQQ
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. SIXH is actively managed, while QQQ is passively managed. Over the past 5 years, SIXH returned 9.67%/yr vs 14.23%/yr for QQQ. Their 0.25 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 0.18%/yr for QQQ.
Performance
SIXH vs. QQQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SIXH having a 11.82% return and QQQ slightly higher at 12.26%.
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%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $192.69K | $438.81K | $385.38K |
SIXH vs. QQQ - 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% | 6.49% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 40.23% |
Correlation
The correlation between SIXH and QQQ 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 (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.25 |
The correlation between SIXH and QQQ shifts across timeframes, from -0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXH vs. QQQ — Risk / Return Rank
SIXH
QQQ
SIXH vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.88 | +1.71 |
| Martin ratioReturn relative to average drawdown | 9.12 | 6.00 | +3.12 |
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Drawdowns
SIXH vs. QQQ - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for SIXH and QQQ.
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Drawdown Indicators
| SIXH | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -82.97% | +71.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -11.96% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -22.77% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -35.12% | +23.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -1.63% | -7.69% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -32.62% | +30.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.74% | -2.03% |
Volatility
SIXH vs. QQQ - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.48%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 6.87% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 16.08% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 19.38% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.40% | 22.90% | -12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 22.50% | -12.41% |
SIXH vs. QQQ - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
SIXH vs. QQQ - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.82%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.82% | 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 QQQ 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.
QQQ has higher volatility (6.87%) compared to SIXH (2.48%). In terms of maximum drawdown, SIXH dropped -11.68% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 14.23% vs 9.67% for SIXH. On fees, QQQ is cheaper at 0.18% 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, QQQ has performed better with a 14.23% return vs 9.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.82%, compared with 0.44% for QQQ.
SIXH is categorized as Equity Hedged, while QQQ is Nasdaq-100. They also come from different issuers: Exchange Traded Concepts and Invesco. Their fees differ too: 0.87% for SIXH and 0.18% for QQQ.
SIXH currently has the higher Sharpe Ratio (1.99 vs 1.16), 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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