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SIXS vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SIXS vs. IWM

Last updated Jul 14, 2026
Documentation

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 6.39%/yr vs 7.37%/yr for IWM. Their correlation of 0.86 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.

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Returns By Period

In the year-to-date period, SIXS achieves a 17.31% return, which is significantly lower than IWM's 19.72% return.

SIXS

1D
0.03%
1M
5.22%
6M
14.12%
YTD
17.31%
1Y
25.12%
3Y*
13.32%
5Y*
6.39%
10Y*
—

IWM

1D
-0.85%
1M
0.42%
6M
12.70%
YTD
19.72%
1Y
33.75%
3Y*
16.65%
5Y*
7.37%
10Y*
10.76%
*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		17.31%4.59%5.85%14.92%-18.52%40.74%44.24%
IWM
iShares Russell 2000 ETF		19.72%12.66%11.38%16.83%-20.48%14.54%49.66%

Correlation

The correlation between SIXS and IWM is 0.62, 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

0.62

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

0.79

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

0.85

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 0.62 - 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

24.2%
18.1%

Healthcare

16.9%
20.1%

Consumer Defensive

11.0%
2.5%

Utilities

10.5%
2.9%

Industrials

8.7%
13.8%

Real Estate

8.4%
6.3%

Technology

6.3%
14.9%

Consumer Cyclical

5.4%
8.9%

Communication Services

5.3%
2.0%

Energy

2.1%
5.7%

Basic Materials

1.1%
4.3%

Financial Services

SIXS
24.2%
IWM
18.1%

Healthcare

SIXS
16.9%
IWM
20.1%

Consumer Defensive

SIXS
11.0%
IWM
2.5%

Utilities

SIXS
10.5%
IWM
2.9%

Industrials

SIXS
8.7%
IWM
13.8%

Real Estate

SIXS
8.4%
IWM
6.3%

Technology

SIXS
6.3%
IWM
14.9%

Consumer Cyclical

SIXS
5.4%
IWM
8.9%

Communication Services

SIXS
5.3%
IWM
2.0%

Energy

SIXS
2.1%
IWM
5.7%

Basic Materials

SIXS
1.1%
IWM
4.3%

Compare stocks, funds, or ETFs

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6 Meridian Small Cap Equity ETF

iShares Russell 2000 ETF

Often compared with SIXS:
SIXS vs. QQQSIXS vs. SLXSIXS vs. IFRASIXS vs. ABLSSIXS vs. MSSMSIXS vs. OMFLSIXS vs. SMDV
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. IWO

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: 7575
Overall Rank
SIXS Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SIXS Sortino Ratio Rank: 7878
Sortino Ratio Rank
SIXS Omega Ratio Rank: 6868
Omega Ratio Rank
SIXS Calmar Ratio Rank: 8383
Calmar Ratio Rank
SIXS Martin Ratio Rank: 7272
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6969
Overall Rank
IWM Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6868
Sortino Ratio Rank
IWM Omega Ratio Rank: 6060
Omega Ratio Rank
IWM Calmar Ratio Rank: 7575
Calmar Ratio Rank
IWM Martin Ratio Rank: 7474
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
1.84
1.74

+0.10

Sortino ratioReturn per unit of downside risk
2.75
2.47

+0.28

Omega ratioGain probability vs. loss probability

1.32

1.29

+0.03

Calmar ratioReturn relative to maximum drawdown

3.52

3.07

+0.45

Martin ratioReturn relative to average drawdown

10.57

10.87

-0.29

SIXS vs. IWM - Sharpe Ratio Comparison

The current SIXS Sharpe Ratio is 1.84, which is comparable to the IWM Sharpe Ratio of 1.74. 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.

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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

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

-0.41%

-2.32%

+1.91%

Average Drawdown

Average peak-to-trough decline

-8.80%

-10.73%

+1.93%

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 3.76%, while iShares Russell 2000 ETF (IWM) has a volatility of 4.81%. 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.

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Volatility by Period

SIXSIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

4.81%

-1.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.35%

14.19%

-4.84%

Volatility (1Y)

Calculated over the trailing 1-year period

13.73%

19.54%

-5.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.54%

22.56%

-5.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.57%

23.00%

-3.43%

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 1.70%, more than IWM's 0.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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		1.70%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 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWM has higher volatility (4.81%) compared to SIXS (3.76%). In terms of maximum drawdown, SIXS dropped -27.68% vs IWM's -59.05%.

On 5-year performance, IWM leads with 7.37% vs 6.39% for SIXS. On fees, IWM is cheaper at 0.19% per year. On volatility, SIXS has been the lower-risk option at 3.76%. 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 7.37% return vs 6.39%. 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 1.70%, 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 (1.84 vs 1.74), 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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