SIXL vs. TXS

Last updated Aug 2, 2026

SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) and TXS (Texas Capital Texas Equity Index ETF) are both Mid Cap Blend Equities funds. SIXL is actively managed, while TXS is passively managed. Over the past 3 years, SIXL returned 9.10%/yr vs 18.75%/yr for TXS. Their 0.61 correlation means they have sometimes moved together and sometimes differently. SIXL charges 0.47%/yr vs 0.49%/yr for TXS.

Performance

SIXL vs. TXS - 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 Texas Capital Texas Equity Index ETF (TXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXL achieves a 11.76% return, which is significantly lower than TXS's 16.25% return.

SIXL

• 1D: -0.57%
• 1M: 0.20%
• 6M: 6.85%
• YTD: 11.76%
• 1Y: 14.10%
• 3Y*: 9.10%
• 5Y*: 4.75%
• 10Y*: —
• ALL TIME*: 9.03%

TXS

• 1D: 0.50%
• 1M: 2.47%
• 6M: 10.71%
• YTD: 16.25%
• 1Y: 20.82%
• 3Y*: 18.75%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	$85.49K	$51.42K	$104.59K
TXS Texas Capital Texas Equity Index ETF	$95.82K	$150.67K	$116.32K

SIXL vs. TXS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	11.76%	-0.61%	14.13%	5.23%
TXS Texas Capital Texas Equity Index ETF	16.25%	10.31%	24.29%	5.77%

Correlation

The correlation between SIXL and TXS is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.61

Over the past year, the correlation between SIXL and TXS has dropped to 0.40 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

SIXL vs. TXS - Sectors Allocation Comparison

Sectors	SIXL	TXS
Utilities	17.0%	2.0%
Consumer Defensive	16.4%	2.3%
Healthcare	15.7%	11.7%
Financial Services	15.7%	7.5%
Real Estate	13.3%	12.2%
Consumer Cyclical	6.5%	17.6%
Industrials	6.3%	14.1%
Communication Services	2.5%	2.1%
Technology	2.4%	12.1%
Basic Materials	2.3%	0.3%
Energy	2.0%	18.1%

Return for Risk

SIXL vs. TXS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SIXL

SIXL Risk / Return Rank: 55
SIXL Sharpe Ratio Rank: 55
SIXL Sortino Ratio Rank: 59
SIXL Omega Ratio Rank: 53
SIXL Calmar Ratio Rank: 60
SIXL Martin Ratio Rank: 49

TXS

TXS Risk / Return Rank: 76
TXS Sharpe Ratio Rank: 73
TXS Sortino Ratio Rank: 74
TXS Omega Ratio Rank: 71
TXS Calmar Ratio Rank: 81
TXS Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIXL vs. TXS - 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 Texas Capital Texas Equity Index ETF (TXS). 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	TXS	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.68	-0.36
Sortino ratio: Return per unit of downside risk	2.02	2.41	-0.39
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	2.12	2.97	-0.84
Martin ratio: Return relative to average drawdown	5.72	10.19	-4.47

SIXL vs. TXS - Sharpe Ratio Comparison

The current SIXL Sharpe Ratio is 1.33, which is comparable to the TXS Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of SIXL and TXS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIXL vs. TXS - Drawdown Comparison

The maximum SIXL drawdown since its inception was -16.08%, smaller than the maximum TXS drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for SIXL and TXS.

Drawdown Indicators

	SIXL	TXS	Difference
Max Drawdown Largest peak-to-trough decline	-16.08%	-19.69%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-6.52%	-6.54%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-11.65%	-19.69%	+8.04%
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	-1.97%	0.00%	-1.97%
Average Drawdown Average peak-to-trough decline	-4.49%	-2.73%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.90%	+0.51%

Volatility

SIXL vs. TXS - Volatility Comparison

ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) has a higher volatility of 4.24% compared to Texas Capital Texas Equity Index ETF (TXS) at 2.63%. This indicates that SIXL's price experiences larger fluctuations and is considered to be riskier than TXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXL	TXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	2.63%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	7.92%	7.80%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	11.58%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	15.64%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.60%	15.64%	-3.04%

SIXL vs. TXS - Expense Ratio Comparison

SIXL has a 0.47% expense ratio, which is lower than TXS's 0.49% expense ratio.

Dividends

SIXL vs. TXS - Dividend Comparison

SIXL's dividend yield for the trailing twelve months is around 2.19%, more than TXS's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.19%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%
TXS Texas Capital Texas Equity Index ETF	0.78%	0.82%	0.86%	0.53%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIXL and TXS in my portfolio?

SIXL and TXS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXL or TXS?

SIXL has higher volatility (4.24%) compared to TXS (2.63%). In terms of maximum drawdown, SIXL dropped -16.08% vs TXS's -19.69%.

Which ETF is better, SIXL or TXS?

On 3-year performance, TXS leads with 18.75% vs 9.10% for SIXL. On fees, SIXL is cheaper at 0.47% per year. On volatility, TXS has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXL or TXS?

Over the 3-year period, TXS has performed better with a 18.75% return vs 9.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIXL or TXS?

SIXL is cheaper with a 0.47% expense ratio, compared with 0.49% for TXS.

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

SIXL has the higher dividend yield at 2.19%, compared with 0.78% for TXS.

What is the main difference between SIXL and TXS?

They also come from different issuers: Exchange Traded Concepts and Texas Capital. Their fees differ too: 0.47% for SIXL and 0.49% for TXS.

Which has better risk-adjusted returns?

TXS currently has the higher Sharpe Ratio (1.68 vs 1.33), 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.