SIXL vs. GRNJ

Last updated Jun 4, 2026

SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. SIXL charges 0.47%/yr vs 0.75%/yr for GRNJ.

Performance

SIXL vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXL achieves a 3.41% return, which is significantly lower than GRNJ's 26.11% return.

SIXL

• 1D: -0.16%
• 1M: -2.82%
• YTD: 3.41%
• 6M: 2.41%
• 1Y: 3.64%
• 3Y*: 7.60%
• 5Y*: 3.45%
• 10Y*: —

GRNJ

• 1D: -1.17%
• 1M: 8.92%
• YTD: 26.11%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIXL vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	3.41%	-0.58%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	26.11%	5.14%

Correlation

The correlation between SIXL and GRNJ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.16

Return for Risk

SIXL vs. GRNJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIXL

SIXL Risk / Return Rank: 15
SIXL Sharpe Ratio Rank: 15
SIXL Sortino Ratio Rank: 14
SIXL Omega Ratio Rank: 14
SIXL Calmar Ratio Rank: 16
SIXL Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIXL vs. GRNJ - 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 Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	0.38	—	—
Sortino ratio: Return per unit of downside risk	0.60	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.56	—	—
Martin ratio: Return relative to average drawdown	1.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SIXL	GRNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	2.35	-1.72

Drawdowns

SIXL vs. GRNJ - Drawdown Comparison

The maximum SIXL drawdown since its inception was -16.08%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for SIXL and GRNJ.

Drawdown Indicators

	SIXL	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-16.08%	-17.32%	+1.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	-6.04%	-1.17%	-4.87%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.13%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	SIXL	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	29.93%	-20.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	29.93%	-17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.55%	29.93%	-17.38%

SIXL vs. GRNJ - Expense Ratio Comparison

SIXL has a 0.47% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

SIXL vs. GRNJ - Dividend Comparison

SIXL's dividend yield for the trailing twelve months is around 2.31%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.31%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%

Frequently Asked Questions

Can I hold both SIXL and GRNJ in my portfolio?

SIXL and GRNJ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXL or GRNJ?

On fees, SIXL is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIXL or GRNJ?

SIXL is cheaper with a 0.47% expense ratio, compared with 0.75% for GRNJ.

Which ETF pays a higher dividend yield, SIXL or GRNJ?

SIXL has the higher dividend yield at 2.31%, compared with 0.00% for GRNJ.

What is the main difference between SIXL and GRNJ?

They also come from different issuers: Exchange Traded Concepts and Fundstrat. Their fees differ too: 0.47% for SIXL and 0.75% for GRNJ.