SIXL vs. FAI
SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both exchange-traded funds - SIXL is a Mid Cap Blend Equities fund actively managed by Exchange Traded Concepts, while FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index. SIXL is actively managed, while FAI is passively managed. Over the past year, SIXL returned 7.44% vs 56.66% for FAI. At a 0.00 correlation, their price movements are largely independent. SIXL charges 0.47%/yr vs 0.65%/yr for FAI.
Performance
SIXL vs. FAI - Performance Comparison
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Returns By Period
In the year-to-date period, SIXL achieves a 7.20% return, which is significantly lower than FAI's 27.58% return.
SIXL
- 1D
- 1.57%
- 1M
- 0.42%
- YTD
- 7.20%
- 6M
- 5.06%
- 1Y
- 7.44%
- 3Y*
- 9.35%
- 5Y*
- 4.12%
- 10Y*
- —
FAI
- 1D
- -4.82%
- 1M
- 1.99%
- YTD
- 27.58%
- 6M
- 26.62%
- 1Y
- 56.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIXL vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 7.20% | -0.61% | -2.20% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 27.58% | 33.37% | 2.28% |
Correlation
The correlation between SIXL and FAI is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | 0.00 |
The correlation between SIXL and FAI shifts across timeframes, from -0.14 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXL vs. FAI — Risk / Return Rank
SIXL
FAI
SIXL vs. FAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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.
| SIXL | FAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.02 | -1.88 |
| Martin ratioReturn relative to average drawdown | 3.05 | 9.38 | -6.32 |
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Drawdowns
SIXL vs. FAI - Drawdown Comparison
The maximum SIXL drawdown since its inception was -16.08%, smaller than the maximum FAI drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for SIXL and FAI.
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Drawdown Indicators
| SIXL | FAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -27.82% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -18.84% | +12.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -9.38% | +6.78% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -5.37% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 6.06% | -3.62% |
Volatility
SIXL vs. FAI - Volatility Comparison
The current volatility for ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is 3.79%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 14.67%. This indicates that SIXL experiences smaller price fluctuations and is considered to be less risky than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXL | FAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 14.67% | -10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 22.72% | -15.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 27.43% | -17.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.20% | 31.12% | -18.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 31.12% | -18.55% |
SIXL vs. FAI - Expense Ratio Comparison
SIXL has a 0.47% expense ratio, which is lower than FAI's 0.65% expense ratio.
Dividends
SIXL vs. FAI - Dividend Comparison
SIXL's dividend yield for the trailing twelve months is around 2.22%, while FAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 2.22% | 2.31% | 1.28% | 1.48% | 1.45% | 0.67% | 0.40% |
Frequently Asked Questions
SIXL and FAI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAI has higher volatility (14.67%) compared to SIXL (3.79%). In terms of maximum drawdown, SIXL dropped -16.08% vs FAI's -27.82%.
On 1-year performance, FAI leads with 56.66% vs 7.44% for SIXL. On fees, SIXL is cheaper at 0.47% per year. On volatility, SIXL has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 56.66% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIXL is cheaper with a 0.47% expense ratio, compared with 0.65% for FAI.
SIXL has the higher dividend yield at 2.22%, compared with 0.00% for FAI.
SIXL is categorized as Mid Cap Blend Equities, while FAI is Technology Equities. They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.47% for SIXL and 0.65% for FAI.
FAI currently has the higher Sharpe Ratio (2.08 vs 0.75), 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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