SIXL vs. INDF

Last updated Jun 4, 2026

SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - SIXL is a Mid Cap Blend Equities fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. SIXL is actively managed, while INDF is passively managed. At a 0.36 correlation, their price movements are largely independent. SIXL charges 0.47%/yr vs 0.75%/yr for INDF.

Performance

SIXL vs. INDF - 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 Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SIXL

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

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXL vs. INDF - 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%	9.39%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between SIXL and INDF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.36

The correlation between SIXL and INDF shifts across timeframes, from 0.17 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

SIXL vs. INDF - Sectors Allocation Comparison

Sectors	SIXL	INDF
Utilities	17.3%	-
Consumer Defensive	17.0%	-
Financial Services	15.2%	100.0%
Healthcare	14.5%	-
Real Estate	13.6%	-
Consumer Cyclical	6.8%	-
Industrials	6.4%	-
Communication Services	2.6%	-
Technology	2.4%	-
Basic Materials	2.2%	-
Energy	2.1%	-

Return for Risk

SIXL vs. INDF — 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. INDF - 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 Nifty India Financials ETF (INDF). 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	INDF	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	INDF	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	—	—

Drawdowns

Drawdown Indicators

	SIXL	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-16.08%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-4.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	SIXL	INDF	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.55%	—	—

SIXL vs. INDF - Expense Ratio Comparison

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

Dividends

SIXL vs. INDF - Dividend Comparison

SIXL's dividend yield for the trailing twelve months is around 2.31%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	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 INDF in my portfolio?

SIXL and INDF have a correlation of 0.17, 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 INDF?

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 INDF?

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

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

INDF has the higher dividend yield at 21.29%, compared with 2.31% for SIXL.

What is the main difference between SIXL and INDF?

SIXL is categorized as Mid Cap Blend Equities, while INDF is Financials Equities. Their fees differ too: 0.47% for SIXL and 0.75% for INDF.