Correlation
The correlation between SIXS and SLX is 0.58, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXS or SLX.
Performance
SIXS vs. SLX - Performance Comparison
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Key characteristics
SIXS:
0.13
SLX:
-0.28
SIXS:
0.21
SLX:
-0.34
SIXS:
1.02
SLX:
0.96
SIXS:
0.04
SLX:
-0.35
SIXS:
0.11
SLX:
-0.86
SIXS:
7.60%
SLX:
11.11%
SIXS:
19.16%
SLX:
27.30%
SIXS:
-27.68%
SLX:
-82.14%
SIXS:
-12.04%
SLX:
-13.31%
Returns By Period
In the year-to-date period, SIXS achieves a -6.18% return, which is significantly lower than SLX's 7.22% return.
SIXS
-6.18%
1.32%
-11.34%
2.41%
2.26%
11.66%
N/A
SLX
7.22%
2.89%
-8.58%
-7.71%
2.96%
24.08%
10.82%
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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.
Risk-Adjusted Performance
SIXS vs. SLX — Risk-Adjusted Performance Rank
SIXS
SLX
SIXS vs. SLX - Risk-Adjusted Performance 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.
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Dividends
SIXS vs. SLX - Dividend Comparison
SIXS's dividend yield for the trailing twelve months is around 1.12%, less than SLX's 3.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXS 6 Meridian Small Cap Equity ETF | 1.12% | 1.09% | 1.60% | 1.37% | 0.94% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLX VanEck Vectors Steel ETF | 3.32% | 3.55% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% |
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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Volatility
SIXS vs. SLX - Volatility Comparison
The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 5.17%, while VanEck Vectors Steel ETF (SLX) has a volatility of 6.08%. 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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