PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SIXS vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SIXS vs. IWM

Last updated Jun 23, 2026

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 4.64%/yr vs 6.27%/yr for IWM. Their correlation of 0.87 suggests significant overlap in exposure. SIXS charges 1.00%/yr vs 0.19%/yr for IWM.

Performance

SIXS vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Small Cap Equity ETF (SIXS) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SIXS achieves a 10.35% return, which is significantly lower than IWM's 20.47% return.

SIXS

1D
-0.12%
1M
2.59%
YTD
10.35%
6M
9.21%
1Y
22.16%
3Y*
12.47%
5Y*
4.64%
10Y*
—

IWM

1D
-0.96%
1M
3.82%
YTD
20.47%
6M
17.64%
1Y
40.90%
3Y*
19.22%
5Y*
6.27%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SIXS vs. IWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SIXS
6 Meridian Small Cap Equity ETF		10.35%4.59%5.85%14.92%-18.52%40.74%44.24%
IWM
iShares Russell 2000 ETF		20.47%12.66%11.38%16.83%-20.48%14.54%49.66%

Correlation

The correlation between SIXS and IWM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since May 11, 2020

0.87

The correlation between SIXS and IWM shifts across timeframes, from 0.67 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

SIXS vs. IWM - Sectors Allocation Comparison

Sectors
SIXS
IWM

Consumer Cyclical

17.0%
8.0%

Consumer Defensive

13.0%
2.0%

Financial Services

12.9%
15.5%

Real Estate

11.7%
5.5%

Healthcare

10.2%
15.6%

Utilities

10.1%
3.1%

Industrials

8.7%
17.3%

Technology

7.6%
20.1%

Basic Materials

4.7%
4.5%

Communication Services

2.3%
1.7%

Energy

1.3%
6.0%

Consumer Cyclical

SIXS
17.0%
IWM
8.0%

Consumer Defensive

SIXS
13.0%
IWM
2.0%

Financial Services

SIXS
12.9%
IWM
15.5%

Real Estate

SIXS
11.7%
IWM
5.5%

Healthcare

SIXS
10.2%
IWM
15.6%

Utilities

SIXS
10.1%
IWM
3.1%

Industrials

SIXS
8.7%
IWM
17.3%

Technology

SIXS
7.6%
IWM
20.1%

Basic Materials

SIXS
4.7%
IWM
4.5%

Communication Services

SIXS
2.3%
IWM
1.7%

Energy

SIXS
1.3%
IWM
6.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

6 Meridian Small Cap Equity ETF

iShares Russell 2000 ETF

Often compared with SIXS:
SIXS vs. QQQSIXS vs. SLXSIXS vs. IFRASIXS vs. ABLSSIXS vs. OMFLSIXS vs. SMDVSIXS vs. MSSM
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. TNA

Return for Risk

SIXS vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SIXS
SIXS Risk / Return Rank: 5353
Overall Rank
SIXS Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SIXS Sortino Ratio Rank: 5252
Sortino Ratio Rank
SIXS Omega Ratio Rank: 4545
Omega Ratio Rank
SIXS Calmar Ratio Rank: 6565
Calmar Ratio Rank
SIXS Martin Ratio Rank: 5555
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6767
Overall Rank
IWM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWM Omega Ratio Rank: 5757
Omega Ratio Rank
IWM Calmar Ratio Rank: 7575
Calmar Ratio Rank
IWM Martin Ratio Rank: 7373
Martin Ratio Rank
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.

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.

SIXSIWMDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.08

-0.44

Sortino ratioReturn per unit of downside risk
2.45
2.86

-0.41

Omega ratioGain probability vs. loss probability

1.29

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

3.11

3.73

-0.62

Martin ratioReturn relative to average drawdown

9.32

13.18

-3.86

SIXS vs. IWM - Sharpe Ratio Comparison

The current SIXS Sharpe Ratio is 1.65, which is comparable to the IWM Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of SIXS and IWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

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.

Loading charts...

Drawdown Indicators

SIXSIWMDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.02%

-0.96%

-0.06%

Average Drawdown

Average peak-to-trough decline

-8.88%

-10.75%

+1.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

3.11%

-0.73%

Volatility

SIXS vs. IWM - Volatility Comparison

The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 3.53%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.56%. This indicates that SIXS experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SIXSIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

6.56%

-3.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.00%

14.31%

-5.31%

Volatility (1Y)

Calculated over the trailing 1-year period

13.53%

19.74%

-6.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.59%

22.61%

-5.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.61%

23.06%

-3.45%

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 1.73%, more than IWM's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
IWM
iShares Russell 2000 ETF		0.90%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		1.73%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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWM has higher volatility (6.56%) compared to SIXS (3.53%). In terms of maximum drawdown, SIXS dropped -27.68% vs IWM's -59.05%.

On 5-year performance, IWM leads with 6.27% vs 4.64% for SIXS. On fees, IWM is cheaper at 0.19% per year. On volatility, SIXS has been the lower-risk option at 3.53%. 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 6.27% return vs 4.64%. 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 1.73%, compared with 0.90% 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.

IWM currently has the higher Sharpe Ratio (2.08 vs 1.65), 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.

Portfolio Optimizer

Find the right allocation for SIXS and IWM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer