SIXS vs. SMMV

Last updated Aug 2, 2026

SIXS (6 Meridian Small Cap Equity ETF) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Blend Equities funds. SIXS is actively managed, while SMMV is passively managed. Over the past 5 years, SIXS returned 6.20%/yr vs 6.29%/yr for SMMV. Their correlation of 0.88 means they have usually moved in the same direction. SIXS charges 1.00%/yr vs 0.20%/yr for SMMV.

Performance

SIXS vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Small Cap Equity ETF (SIXS) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIXS achieves a 18.12% return, which is significantly higher than SMMV's 9.33% return.

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%

SMMV

• 1D: -0.06%
• 1M: 0.56%
• 6M: 7.36%
• YTD: 9.33%
• 1Y: 16.10%
• 3Y*: 12.24%
• 5Y*: 6.29%
• 10Y*: —
• ALL TIME*: 8.71%

*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
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	$337.38K	$347.17K	$431.55K

SIXS vs. SMMV - 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%
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	9.33%	6.42%	18.29%	5.63%	-10.00%	16.64%	21.31%

Correlation

The correlation between SIXS and SMMV is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since May 11, 2020	0.88

The correlation between SIXS and SMMV has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

SIXS vs. SMMV - Sectors Allocation Comparison

Sectors	SIXS	SMMV
Financial Services	24.4%	9.2%
Healthcare	17.0%	18.7%
Utilities	11.5%	7.5%
Consumer Defensive	9.8%	7.6%
Real Estate	8.4%	12.5%
Industrials	7.5%	13.6%
Consumer Cyclical	6.6%	5.3%
Technology	6.3%	13.7%
Communication Services	5.3%	5.1%
Energy	2.1%	5.2%
Basic Materials	1.1%	1.6%

Return for Risk

SIXS vs. SMMV — 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

SMMV

SMMV Risk / Return Rank: 66
SMMV Sharpe Ratio Rank: 69
SMMV Sortino Ratio Rank: 75
SMMV Omega Ratio Rank: 68
SMMV Calmar Ratio Rank: 63
SMMV Martin Ratio Rank: 56

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. SMMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). 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	SMMV	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.58	+0.48
Sortino ratio: Return per unit of downside risk	3.11	2.42	+0.69
Omega ratio: Gain probability vs. loss probability	1.36	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.90	2.19	+1.70
Martin ratio: Return relative to average drawdown	12.03	6.75	+5.27

SIXS vs. SMMV - Sharpe Ratio Comparison

The current SIXS Sharpe Ratio is 2.06, which is higher than the SMMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of SIXS and SMMV, 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. SMMV - Drawdown Comparison

The maximum SIXS drawdown since its inception was -27.68%, smaller than the maximum SMMV drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for SIXS and SMMV.

Drawdown Indicators

	SIXS	SMMV	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-38.77%	+11.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-7.02%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-13.68%	-6.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	-18.00%	-9.68%
Current Drawdown Current decline from peak	-1.63%	-1.07%	-0.56%
Average Drawdown Average peak-to-trough decline	-8.73%	-5.04%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.28%	+0.04%

Volatility

SIXS vs. SMMV - Volatility Comparison

6 Meridian Small Cap Equity ETF (SIXS) has a higher volatility of 3.69% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 2.85%. This indicates that SIXS's price experiences larger fluctuations and is considered to be riskier than SMMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIXS	SMMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	2.85%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	6.98%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	9.75%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	13.44%	+4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.53%	15.62%	+3.91%

SIXS vs. SMMV - Expense Ratio Comparison

SIXS has a 1.00% expense ratio, which is higher than SMMV's 0.20% expense ratio.

Dividends

SIXS vs. SMMV - Dividend Comparison

SIXS's dividend yield for the trailing twelve months is around 1.81%, more than SMMV's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF	1.66%	1.77%	1.76%	2.30%	1.67%	1.08%	1.39%	1.64%	1.72%	1.63%	0.79%

Frequently Asked Questions

Can I hold both SIXS and SMMV in my portfolio?

SIXS and SMMV have a correlation of 0.84, 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 SMMV?

SIXS has higher volatility (3.69%) compared to SMMV (2.85%). In terms of maximum drawdown, SIXS dropped -27.68% vs SMMV's -38.77%.

Which ETF is better, SIXS or SMMV?

On 5-year performance, SMMV leads with 6.29% vs 6.20% for SIXS. On fees, SMMV is cheaper at 0.20% per year. On volatility, SMMV has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIXS or SMMV?

Over the 5-year period, SMMV has performed better with a 6.29% 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 SMMV?

SMMV is cheaper with a 0.20% expense ratio, compared with 1.00% for SIXS.

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

SIXS has the higher dividend yield at 1.81%, compared with 1.66% for SMMV.

What is the main difference between SIXS and SMMV?

They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 1.00% for SIXS and 0.20% for SMMV.

Which has better risk-adjusted returns?

SIXS currently has the higher Sharpe Ratio (2.06 vs 1.58), 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.