SIXH vs. SMVLX
Compare and contrast key facts about 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Smead Value Fund (SMVLX).
SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. SMVLX is managed by Smead Funds. It was launched on Jan 2, 2008.
Performance
SIXH vs. SMVLX - Performance Comparison
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SIXH vs. SMVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 7.67% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 5.83% |
SMVLX Smead Value Fund | 7.13% | 5.05% | 4.78% | 16.87% | -2.79% | 42.46% | 30.74% |
Returns By Period
In the year-to-date period, SIXH achieves a 7.67% return, which is significantly higher than SMVLX's 7.13% return.
SIXH
- 1D
- 1.20%
- 1M
- -1.92%
- YTD
- 7.67%
- 6M
- 10.05%
- 1Y
- 9.49%
- 3Y*
- 12.61%
- 5Y*
- 10.22%
- 10Y*
- —
SMVLX
- 1D
- -0.27%
- 1M
- -1.50%
- YTD
- 7.13%
- 6M
- 7.45%
- 1Y
- 16.08%
- 3Y*
- 11.29%
- 5Y*
- 9.68%
- 10Y*
- 11.46%
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SIXH vs. SMVLX - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is lower than SMVLX's 1.26% expense ratio.
Return for Risk
SIXH vs. SMVLX — Risk / Return Rank
SIXH
SMVLX
SIXH vs. SMVLX - 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 Smead Value Fund (SMVLX). 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.
| SIXH | SMVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.83 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.27 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.94 | +0.27 |
Martin ratioReturn relative to average drawdown | 5.09 | 3.54 | +1.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIXH | SMVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.83 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.53 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.68 | +0.41 |
Correlation
The correlation between SIXH and SMVLX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SIXH vs. SMVLX - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.84%, more than SMVLX's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.84% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMVLX Smead Value Fund | 1.56% | 1.67% | 1.08% | 1.34% | 1.78% | 3.91% | 1.40% | 3.83% | 7.47% | 0.22% | 3.14% | 3.10% |
Drawdowns
SIXH vs. SMVLX - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum SMVLX drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for SIXH and SMVLX.
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Drawdown Indicators
| SIXH | SMVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -39.56% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -16.61% | +8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -24.62% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.56% | — |
Current DrawdownCurrent decline from peak | -1.99% | -2.69% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -4.63% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 4.41% | -2.32% |
Volatility
SIXH vs. SMVLX - Volatility Comparison
6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) and Smead Value Fund (SMVLX) have volatilities of 3.04% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | SMVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 3.09% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.60% | 10.37% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 20.87% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 18.47% | -8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 19.49% | -9.32% |