SIXS vs. IWM
SIXS (6 Meridian Small Cap Equity ETF) and IWM (iShares Russell 2000 ETF) are both Small Cap Blend Equities funds. SIXS is actively managed, while IWM is passively managed. Over the past 5 years, SIXS returned 6.20%/yr vs 6.99%/yr for IWM. Their correlation of 0.86 means they have usually moved in the same direction. SIXS charges 1.00%/yr vs 0.19%/yr for IWM.
Performance
SIXS vs. IWM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SIXS having a 18.12% return and IWM slightly higher at 18.79%.
SIXS
- 1D
- -0.69%
- 1M
- 0.60%
- 6M
- 13.90%
- YTD
- 18.12%
- 1Y
- 29.50%
- 3Y*
- 11.74%
- 5Y*
- 6.20%
- 10Y*
- —
- ALL TIME*
- 15.76%
IWM
- 1D
- -0.48%
- 1M
- -2.14%
- 6M
- 12.62%
- YTD
- 18.79%
- 1Y
- 36.90%
- 3Y*
- 15.11%
- 5Y*
- 6.99%
- 10Y*
- 10.70%
- ALL TIME*
- 8.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.67B | $6.32B | $7.45B | |
| $407.40K | $305.33K | $173.24K |
SIXS vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 18.12% | 4.59% | 5.85% | 14.92% | -18.52% | 40.74% | 44.24% |
IWM iShares Russell 2000 ETF | 18.79% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 49.66% |
Correlation
The correlation between SIXS and IWM is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.86 |
Over the past year, the correlation between SIXS and IWM has dropped to 0.58 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
SIXS vs. IWM - Sectors Allocation Comparison
Sectors
SIXS
IWM
Financial Services
Healthcare
Utilities
Consumer Defensive
Real Estate
Industrials
Consumer Cyclical
Technology
Communication Services
Energy
Basic Materials
Financial Services
SIXS
IWM
Healthcare
SIXS
IWM
Utilities
SIXS
IWM
Consumer Defensive
SIXS
IWM
Real Estate
SIXS
IWM
Industrials
SIXS
IWM
Consumer Cyclical
SIXS
IWM
Technology
SIXS
IWM
Communication Services
SIXS
IWM
Energy
SIXS
IWM
Basic Materials
SIXS
IWM
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Return for Risk
SIXS vs. IWM — Risk / Return Rank
SIXS
IWM
SIXS vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) and iShares Russell 2000 ETF (IWM). 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.
| SIXS | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.11 | +0.79 |
| Martin ratioReturn relative to average drawdown | 12.03 | 11.02 | +1.01 |
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Drawdowns
SIXS vs. IWM - Drawdown Comparison
The maximum SIXS drawdown since its inception was -27.68%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for SIXS and IWM.
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Drawdown Indicators
| SIXS | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -59.05% | +31.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -11.03% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -27.50% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -31.91% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -1.63% | -3.08% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -10.71% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.11% | -0.79% |
Volatility
SIXS vs. IWM - Volatility Comparison
6 Meridian Small Cap Equity ETF (SIXS) and iShares Russell 2000 ETF (IWM) have volatilities of 3.69% and 3.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXS | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.82% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 14.12% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 19.41% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 22.48% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 23.01% | -3.48% |
SIXS vs. IWM - Expense Ratio Comparison
SIXS has a 1.00% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
SIXS vs. IWM - Dividend Comparison
SIXS's dividend yield for the trailing twelve months is around 1.81%, more than IWM's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.91% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
SIXS 6 Meridian Small Cap Equity ETF | 1.81% | 1.62% | 1.09% | 1.60% | 1.37% | 0.94% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIXS and IWM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (3.82%) compared to SIXS (3.69%). In terms of maximum drawdown, SIXS dropped -27.68% vs IWM's -59.05%.
On 5-year performance, IWM leads with 6.99% vs 6.20% for SIXS. On fees, IWM is cheaper at 0.19% per year. On volatility, SIXS has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IWM has performed better with a 6.99% return vs 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 1.00% for SIXS.
SIXS has the higher dividend yield at 1.81%, compared with 0.91% for IWM.
They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 1.00% for SIXS and 0.19% for IWM.
SIXS currently has the higher Sharpe Ratio (2.06 vs 1.77), 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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