SIXH vs. SHRIX
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and SHRIX (Stone Ridge High Yield Reinsurance Risk Premium Fund Class I) are both funds - SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts, while SHRIX is a Multistrategy fund actively managed by Stone Ridge. Both are actively managed. Over the past 5 years, SIXH returned 9.81%/yr vs 9.20%/yr for SHRIX. Their 0.02 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 1.76%/yr for SHRIX.
Performance
SIXH vs. SHRIX - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 12.63% return, which is significantly higher than SHRIX's 2.85% return.
SIXH
- 1D
- 0.70%
- 1M
- 1.82%
- 6M
- 10.01%
- YTD
- 12.63%
- 1Y
- 15.33%
- 3Y*
- 13.52%
- 5Y*
- 9.81%
- 10Y*
- —
- ALL TIME*
- 11.40%
SHRIX
- 1D
- 0.00%
- 1M
- 0.81%
- 6M
- 2.27%
- YTD
- 2.85%
- 1Y
- 11.55%
- 3Y*
- 12.87%
- 5Y*
- 9.20%
- 10Y*
- —
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $429.06K | $537.34K | $402.11K |
SIXH vs. SHRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 12.63% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 2.85% | 10.70% | 16.73% | 21.07% | -3.37% | 1.88% | 6.61% |
Correlation
The correlation between SIXH and SHRIX is 0.03, 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. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.02 |
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Return for Risk
SIXH vs. SHRIX — Risk / Return Rank
SIXH
SHRIX
SIXH vs. SHRIX - 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 Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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 | SHRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 4.85 | -3.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 6.33 | -2.87 |
| Martin ratioReturn relative to average drawdown | 8.80 | 21.97 | -13.17 |
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Drawdowns
SIXH vs. SHRIX - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum SHRIX drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for SIXH and SHRIX.
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Drawdown Indicators
| SIXH | SHRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -14.34% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -1.87% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -6.91% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -12.69% | +1.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -2.03% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.54% | +1.18% |
Volatility
SIXH vs. SHRIX - Volatility Comparison
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a higher volatility of 2.30% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 0.25%. This indicates that SIXH's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | SHRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 0.25% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 2.02% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 2.36% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 6.27% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 6.24% | +3.85% |
SIXH vs. SHRIX - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than SHRIX's 1.76% expense ratio.
Dividends
SIXH vs. SHRIX - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.83%, less than SHRIX's 11.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 11.13% | 10.92% | 14.34% | 12.34% | 3.89% | 4.61% | 6.34% | 5.06% | 5.09% | 0.35% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.83% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXH and SHRIX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIXH has higher volatility (2.30%) compared to SHRIX (0.25%). In terms of maximum drawdown, SIXH dropped -11.68% vs SHRIX's -14.34%.
SHRIX currently has the higher Sharpe Ratio (5.03 vs 1.93), 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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