SIXL vs. FNX
Compare and contrast key facts about ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and First Trust Mid Cap Core AlphaDEX Fund (FNX).
SIXL and FNX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXL is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. FNX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Core Index. It was launched on May 8, 2007.
Performance
SIXL vs. FNX - Performance Comparison
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SIXL vs. FNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 4.48% | -0.61% | 14.13% | 2.38% | -7.49% | 20.00% | 18.42% |
FNX First Trust Mid Cap Core AlphaDEX Fund | 2.05% | 9.87% | 12.21% | 20.39% | -13.57% | 25.05% | 47.85% |
Returns By Period
In the year-to-date period, SIXL achieves a 4.48% return, which is significantly higher than FNX's 2.05% return.
SIXL
- 1D
- 0.42%
- 1M
- -4.69%
- YTD
- 4.48%
- 6M
- 2.87%
- 1Y
- 2.42%
- 3Y*
- 7.20%
- 5Y*
- 4.17%
- 10Y*
- —
FNX
- 1D
- 2.75%
- 1M
- -5.37%
- YTD
- 2.05%
- 6M
- 2.82%
- 1Y
- 18.78%
- 3Y*
- 13.81%
- 5Y*
- 7.40%
- 10Y*
- 11.15%
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SIXL vs. FNX - Expense Ratio Comparison
SIXL has a 0.47% expense ratio, which is lower than FNX's 0.60% expense ratio.
Return for Risk
SIXL vs. FNX — Risk / Return Rank
SIXL
FNX
SIXL vs. FNX - 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 Mid Cap Core AlphaDEX Fund (FNX). 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.
| SIXL | FNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 0.89 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.36 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.34 | -0.98 |
Martin ratioReturn relative to average drawdown | 1.19 | 5.45 | -4.25 |
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
| SIXL | FNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.89 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.36 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.40 | +0.26 |
Correlation
The correlation between SIXL and FNX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SIXL vs. FNX - Dividend Comparison
SIXL's dividend yield for the trailing twelve months is around 2.37%, more than FNX's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 2.37% | 2.31% | 1.28% | 1.48% | 1.45% | 0.67% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNX First Trust Mid Cap Core AlphaDEX Fund | 0.91% | 0.88% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.07% |
Drawdowns
SIXL vs. FNX - Drawdown Comparison
The maximum SIXL drawdown since its inception was -16.08%, smaller than the maximum FNX drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for SIXL and FNX.
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Drawdown Indicators
| SIXL | FNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -57.11% | +41.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -14.59% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -24.97% | +8.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.95% | — |
Current DrawdownCurrent decline from peak | -5.07% | -6.67% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -8.47% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.60% | -0.94% |
Volatility
SIXL vs. FNX - Volatility Comparison
The current volatility for ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is 3.02%, while First Trust Mid Cap Core AlphaDEX Fund (FNX) has a volatility of 6.19%. This indicates that SIXL experiences smaller price fluctuations and is considered to be less risky than FNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXL | FNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 6.19% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 12.22% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 21.23% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 20.52% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.64% | 21.94% | -9.30% |