SIXH vs. VSMV
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and VSMV (VictoryShares US Multi-Factor Minimum Volatility ETF) are both Volatility Hedged Equity funds. SIXH is actively managed, while VSMV is passively managed. Over the past 5 years, SIXH returned 9.64%/yr vs 11.19%/yr for VSMV. A 0.60 correlation means they provide meaningful diversification when combined. SIXH charges 0.87%/yr vs 0.35%/yr for VSMV.
Performance
SIXH vs. VSMV - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 10.10% return, which is significantly higher than VSMV's 7.57% return.
SIXH
- 1D
- 0.45%
- 1M
- 1.32%
- YTD
- 10.10%
- 6M
- 10.25%
- 1Y
- 13.45%
- 3Y*
- 13.36%
- 5Y*
- 9.64%
- 10Y*
- —
VSMV
- 1D
- -0.58%
- 1M
- -2.35%
- YTD
- 7.57%
- 6M
- 7.18%
- 1Y
- 22.71%
- 3Y*
- 15.74%
- 5Y*
- 11.19%
- 10Y*
- —
SIXH vs. VSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 10.10% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 7.57% | 16.77% | 15.79% | 12.34% | -7.56% | 25.66% | 16.49% |
Correlation
The correlation between SIXH and VSMV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.60 |
The correlation between SIXH and VSMV shifts across timeframes, from 0.44 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXH vs. VSMV — Risk / Return Rank
SIXH
VSMV
SIXH vs. VSMV - 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 VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV). 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 | VSMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 4.40 | -1.31 |
| Martin ratioReturn relative to average drawdown | 7.85 | 16.31 | -8.46 |
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Drawdowns
SIXH vs. VSMV - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum VSMV drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for SIXH and VSMV.
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Drawdown Indicators
| SIXH | VSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -31.33% | +19.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -5.18% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -13.22% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -17.96% | +6.28% |
Current DrawdownCurrent decline from peak | -0.02% | -2.59% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -3.40% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.40% | +0.32% |
Volatility
SIXH vs. VSMV - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.29%, while VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) has a volatility of 3.31%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than VSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | VSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 3.31% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 6.71% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 9.30% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 12.88% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 15.02% | -4.90% |
SIXH vs. VSMV - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than VSMV's 0.35% expense ratio.
Dividends
SIXH vs. VSMV - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.85%, more than VSMV's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% |
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF | 1.37% | 1.35% | 1.36% | 1.77% | 1.99% | 1.36% | 2.01% | 2.00% | 2.42% | 1.11% |
Frequently Asked Questions
SIXH and VSMV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSMV has higher volatility (3.31%) compared to SIXH (2.29%). In terms of maximum drawdown, SIXH dropped -11.68% vs VSMV's -31.33%.
On 5-year performance, VSMV leads with 11.19% vs 9.64% for SIXH. On fees, VSMV is cheaper at 0.35% per year. On volatility, SIXH has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VSMV has performed better with a 11.19% return vs 9.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSMV is cheaper with a 0.35% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 1.37% for VSMV.
They also come from different issuers: Exchange Traded Concepts and Crestview. Their fees differ too: 0.87% for SIXH and 0.35% for VSMV.
VSMV currently has the higher Sharpe Ratio (2.46 vs 1.76), 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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