SIXL vs. GSG
SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SIXL is a Mid Cap Blend Equities fund actively managed by Exchange Traded Concepts, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SIXL is actively managed, while GSG is passively managed. Over the past 5 years, SIXL returned 3.45%/yr vs 15.74%/yr for GSG. At a 0.14 correlation, their price movements are largely independent. SIXL charges 0.47%/yr vs 0.75%/yr for GSG.
Performance
SIXL vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SIXL achieves a 3.41% return, which is significantly lower than GSG's 42.58% return.
SIXL
- 1D
- -0.16%
- 1M
- -2.82%
- YTD
- 3.41%
- 6M
- 2.41%
- 1Y
- 3.64%
- 3Y*
- 7.60%
- 5Y*
- 3.45%
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
SIXL vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 3.41% | -0.61% | 14.13% | 2.38% | -7.49% | 20.00% | 18.42% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | 37.61% |
Correlation
The correlation between SIXL and GSG is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 12, 2020 | 0.14 |
The correlation between SIXL and GSG shifts across timeframes, from -0.12 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIXL vs. GSG — Risk / Return Rank
SIXL
GSG
SIXL vs. GSG - 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 iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 5.47 | -4.91 |
| Martin ratioReturn relative to average drawdown | 1.58 | 14.39 | -12.82 |
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 | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 2.26 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.70 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | -0.09 | +0.71 |
Drawdowns
SIXL vs. GSG - Drawdown Comparison
The maximum SIXL drawdown since its inception was -16.08%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SIXL and GSG.
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Drawdown Indicators
| SIXL | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -89.62% | +73.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -9.46% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -14.94% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -29.12% | +13.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -6.04% | -56.95% | +50.91% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -63.71% | +59.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.59% | -1.28% |
Volatility
SIXL vs. GSG - Volatility Comparison
The current volatility for ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is 2.36%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that SIXL experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXL | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 7.65% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 20.42% | -13.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 22.95% | -13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 22.61% | -10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 22.03% | -9.48% |
SIXL vs. GSG - Expense Ratio Comparison
SIXL has a 0.47% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
SIXL vs. GSG - Dividend Comparison
SIXL's dividend yield for the trailing twelve months is around 2.31%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 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
SIXL and GSG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to SIXL (2.36%). In terms of maximum drawdown, SIXL dropped -16.08% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.74% vs 3.45% for SIXL. On fees, SIXL is cheaper at 0.47% per year. On volatility, SIXL has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 15.74% return vs 3.45%. 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 0.75% for GSG.
SIXL has the higher dividend yield at 2.31%, compared with 0.00% for GSG.
SIXL is categorized as Mid Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.47% for SIXL and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 0.38), 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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