SIXS vs. SMDV

Last updated Aug 2, 2026

SIXS (6 Meridian Small Cap Equity ETF) and SMDV (ProShares Russell 2000 Dividend Growers ETF) are both Small Cap Blend Equities funds. SIXS is actively managed, while SMDV is passively managed. Over the past 5 years, SIXS returned 6.20%/yr vs 6.99%/yr for SMDV. Their correlation of 0.89 means they have usually moved in the same direction. SIXS charges 1.00%/yr vs 0.40%/yr for SMDV.

Performance

SIXS vs. SMDV - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SIXS having a 18.12% return and SMDV slightly lower at 18.11%.

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%

SMDV

• 1D: -0.18%
• 1M: 0.26%
• 6M: 10.74%
• YTD: 18.11%
• 1Y: 23.79%
• 3Y*: 10.63%
• 5Y*: 6.99%
• 10Y*: 7.53%
• ALL TIME*: 8.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SIXS 6 Meridian Small Cap Equity ETF	$407.40K	$305.33K	$173.24K
SMDV ProShares Russell 2000 Dividend Growers ETF	$4.61M	$5.90M	$3.47M

SIXS vs. SMDV - 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%
SMDV ProShares Russell 2000 Dividend Growers ETF	18.11%	0.26%	7.03%	8.99%	-5.90%	18.98%	21.74%

Correlation

The correlation between SIXS and SMDV is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since May 11, 2020	0.89

The correlation between SIXS and SMDV has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

SIXS vs. SMDV - Sectors Allocation Comparison

Sectors	SIXS	SMDV
Financial Services	24.4%	31.5%
Healthcare	17.0%	1.9%
Utilities	11.5%	17.3%
Consumer Defensive	9.8%	3.9%
Real Estate	8.4%	6.0%
Industrials	7.5%	21.8%
Consumer Cyclical	6.6%	5.1%
Technology	6.3%	0.8%
Communication Services	5.3%	1.1%
Energy	2.1%	-
Basic Materials	1.1%	10.5%

Return for Risk

SIXS vs. SMDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SIXS

SIXS Risk / Return Rank: 87
SIXS Sharpe Ratio Rank: 86
SIXS Sortino Ratio Rank: 89
SIXS Omega Ratio Rank: 83
SIXS Calmar Ratio Rank: 90
SIXS Martin Ratio Rank: 85

SMDV

SMDV Risk / Return Rank: 64
SMDV Sharpe Ratio Rank: 62
SMDV Sortino Ratio Rank: 71
SMDV Omega Ratio Rank: 61
SMDV Calmar Ratio Rank: 66
SMDV Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SIXS vs. SMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) and ProShares Russell 2000 Dividend Growers ETF (SMDV). 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	SMDV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.46	+0.60
Sortino ratio: Return per unit of downside risk	3.11	2.30	+0.81
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	3.90	2.30	+1.60
Martin ratio: Return relative to average drawdown	12.03	7.27	+4.76

SIXS vs. SMDV - Sharpe Ratio Comparison

The current SIXS Sharpe Ratio is 2.06, which is higher than the SMDV Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of SIXS and SMDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIXS vs. SMDV - Drawdown Comparison

The maximum SIXS drawdown since its inception was -27.68%, smaller than the maximum SMDV drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for SIXS and SMDV.

Drawdown Indicators

	SIXS	SMDV	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-34.12%	+6.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-9.79%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-21.23%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-21.23%	-6.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.12%	—
Current Drawdown Current decline from peak	-1.63%	-2.36%	+0.73%
Average Drawdown Average peak-to-trough decline	-8.73%	-5.87%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	3.09%	-0.77%

Volatility

SIXS vs. SMDV - Volatility Comparison

The current volatility for 6 Meridian Small Cap Equity ETF (SIXS) is 3.69%, while ProShares Russell 2000 Dividend Growers ETF (SMDV) has a volatility of 4.40%. This indicates that SIXS experiences smaller price fluctuations and is considered to be less risky than SMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXS	SMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	4.40%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	10.24%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	15.45%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	18.56%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	20.75%	-1.22%

SIXS vs. SMDV - Expense Ratio Comparison

SIXS has a 1.00% expense ratio, which is higher than SMDV's 0.40% expense ratio.

Dividends

SIXS vs. SMDV - Dividend Comparison

SIXS's dividend yield for the trailing twelve months is around 1.81%, less than SMDV's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SMDV ProShares Russell 2000 Dividend Growers ETF	2.29%	2.67%	2.68%	2.69%	2.51%	2.02%	2.13%	2.03%	1.97%	1.84%	1.35%	1.81%

Frequently Asked Questions

Can I hold both SIXS and SMDV in my portfolio?

SIXS and SMDV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIXS or SMDV?

SMDV has higher volatility (4.40%) compared to SIXS (3.69%). In terms of maximum drawdown, SIXS dropped -27.68% vs SMDV's -34.12%.

Which ETF is better, SIXS or SMDV?

On 5-year performance, SMDV leads with 6.99% vs 6.20% for SIXS. On fees, SMDV is cheaper at 0.40% 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.

Which ETF has performed better, SIXS or SMDV?

Over the 5-year period, SMDV 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.

Which ETF is cheaper, SIXS or SMDV?

SMDV is cheaper with a 0.40% expense ratio, compared with 1.00% for SIXS.

Which ETF pays a higher dividend yield, SIXS or SMDV?

SMDV has the higher dividend yield at 2.29%, compared with 1.81% for SIXS.

What is the main difference between SIXS and SMDV?

They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 1.00% for SIXS and 0.40% for SMDV.

Which has better risk-adjusted returns?

SIXS currently has the higher Sharpe Ratio (2.06 vs 1.46), 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.