SIXS vs. SLX
Compare and contrast key facts about 6 Meridian Small Cap Equity ETF (SIXS) and VanEck Vectors Steel ETF (SLX).
SIXS and SLX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXS is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006.
Performance
SIXS vs. SLX - Performance Comparison
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SIXS vs. SLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 3.07% | 4.59% | 5.85% | 14.92% | -18.52% | 40.74% | 43.41% |
SLX VanEck Vectors Steel ETF | 8.19% | 47.45% | -17.94% | 31.25% | 14.28% | 27.69% | 95.72% |
Returns By Period
In the year-to-date period, SIXS achieves a 3.07% return, which is significantly lower than SLX's 8.19% return.
SIXS
- 1D
- 0.69%
- 1M
- -4.11%
- YTD
- 3.07%
- 6M
- 5.53%
- 1Y
- 13.19%
- 3Y*
- 9.29%
- 5Y*
- 3.80%
- 10Y*
- —
SLX
- 1D
- 3.72%
- 1M
- -9.17%
- YTD
- 8.19%
- 6M
- 28.67%
- 1Y
- 51.64%
- 3Y*
- 15.96%
- 5Y*
- 15.05%
- 10Y*
- 17.78%
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SIXS vs. SLX - Expense Ratio Comparison
SIXS has a 1.00% expense ratio, which is higher than SLX's 0.56% expense ratio.
Return for Risk
SIXS vs. SLX — Risk / Return Rank
SIXS
SLX
SIXS vs. SLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) and VanEck Vectors Steel ETF (SLX). 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.
| SIXS | SLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.90 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.55 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 3.10 | -1.92 |
Martin ratioReturn relative to average drawdown | 4.43 | 10.15 | -5.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIXS | SLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.90 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.54 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.19 | +0.51 |
Correlation
The correlation between SIXS and SLX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SIXS vs. SLX - Dividend Comparison
SIXS's dividend yield for the trailing twelve months is around 1.90%, more than SLX's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 1.90% | 1.62% | 1.09% | 1.60% | 1.37% | 0.94% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLX VanEck Vectors Steel ETF | 1.43% | 1.55% | 3.56% | 2.80% | 4.97% | 7.07% | 1.87% | 3.44% | 6.26% | 2.50% | 1.06% | 5.35% |
Drawdowns
SIXS vs. SLX - Drawdown Comparison
The maximum SIXS drawdown since its inception was -27.68%, smaller than the maximum SLX drawdown of -82.14%. Use the drawdown chart below to compare losses from any high point for SIXS and SLX.
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Drawdown Indicators
| SIXS | SLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -82.14% | +54.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -16.35% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -33.62% | +5.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.64% | — |
Current DrawdownCurrent decline from peak | -4.79% | -10.39% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -39.05% | +29.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 5.00% | -1.95% |
Volatility
SIXS vs. SLX - Volatility Comparison
The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 4.22%, while VanEck Vectors Steel ETF (SLX) has a volatility of 9.70%. This indicates that SIXS experiences smaller price fluctuations and is considered to be less risky than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIXS | SLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 9.70% | -5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 17.90% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 27.26% | -10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 27.86% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 31.36% | -11.51% |