SIXH vs. XCLR
SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) and XCLR (Global X S&P 500 Collar 95-110 ETF) are both Equity Hedged funds. SIXH is actively managed, while XCLR is passively managed. Over the past 3 years, SIXH returned 13.11%/yr vs 13.18%/yr for XCLR. Their 0.34 correlation means their historical movements had little consistent relationship. SIXH charges 0.87%/yr vs 0.25%/yr for XCLR.
Performance
SIXH vs. XCLR - Performance Comparison
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Returns By Period
In the year-to-date period, SIXH achieves a 11.60% return, which is significantly higher than XCLR's 3.31% 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%
XCLR
- 1D
- 1.30%
- 1M
- 1.06%
- 6M
- 1.84%
- YTD
- 3.31%
- 1Y
- 10.73%
- 3Y*
- 13.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.56M | $1.08M | $613.75K | |
| $116.79K | $58.97K | $34.71K |
SIXH vs. XCLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.60% | 9.47% | 12.06% | 4.93% | 6.90% | 0.23% |
XCLR Global X S&P 500 Collar 95-110 ETF | 3.31% | 10.25% | 20.67% | 15.64% | -12.93% | 3.30% |
Correlation
The correlation between SIXH and XCLR is 0.07, 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. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.34 |
Over the past year, the correlation between SIXH and XCLR has dropped to 0.07 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
SIXH vs. XCLR — Risk / Return Rank
SIXH
XCLR
SIXH vs. XCLR - 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 Global X S&P 500 Collar 95-110 ETF (XCLR). 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 | XCLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.30 | +2.20 |
| Martin ratioReturn relative to average drawdown | 8.88 | 5.16 | +3.72 |
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Drawdowns
SIXH vs. XCLR - Drawdown Comparison
The maximum SIXH drawdown since its inception was -11.68%, smaller than the maximum XCLR drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for SIXH and XCLR.
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Drawdown Indicators
| SIXH | XCLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -14.63% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -8.29% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -12.46% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | 0.00% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -4.57% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.09% | -0.37% |
Volatility
SIXH vs. XCLR - Volatility Comparison
The current volatility for 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is 2.40%, while Global X S&P 500 Collar 95-110 ETF (XCLR) has a volatility of 2.88%. This indicates that SIXH experiences smaller price fluctuations and is considered to be less risky than XCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXH | XCLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 2.88% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 6.14% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 8.64% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | 10.36% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 10.36% | -0.27% |
SIXH vs. XCLR - Expense Ratio Comparison
SIXH has a 0.87% expense ratio, which is higher than XCLR's 0.25% expense ratio.
Dividends
SIXH vs. XCLR - Dividend Comparison
SIXH's dividend yield for the trailing twelve months is around 1.83%, less than XCLR's 12.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.83% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
XCLR Global X S&P 500 Collar 95-110 ETF | 12.71% | 13.15% | 18.76% | 1.40% | 1.01% | 1.70% | 0.00% |
Frequently Asked Questions
SIXH and XCLR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCLR has higher volatility (2.88%) compared to SIXH (2.40%). In terms of maximum drawdown, SIXH dropped -11.68% vs XCLR's -14.63%.
On 3-year performance, XCLR leads with 13.18% vs 13.11% for SIXH. On fees, XCLR is cheaper at 0.25% per year. On volatility, SIXH has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XCLR has performed better with a 13.18% return vs 13.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XCLR is cheaper with a 0.25% expense ratio, compared with 0.87% for SIXH.
XCLR has the higher dividend yield at 12.71%, compared with 1.83% for SIXH.
They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.87% for SIXH and 0.25% for XCLR.
SIXH currently has the higher Sharpe Ratio (1.94 vs 1.25), 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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