SJB vs. SIXH
Compare and contrast key facts about ProShares Short High Yield (SJB) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH).
SJB and SIXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (-100%). It was launched on Mar 21, 2011. SIXH is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SJB or SIXH.
Correlation
The correlation between SJB and SIXH is -0.37. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SJB vs. SIXH - Performance Comparison
Key characteristics
SJB:
-0.55
SIXH:
2.00
SJB:
-0.78
SIXH:
2.94
SJB:
0.92
SIXH:
1.39
SJB:
-0.04
SIXH:
3.01
SJB:
-0.74
SIXH:
11.01
SJB:
3.15%
SIXH:
1.28%
SJB:
4.19%
SIXH:
7.06%
SJB:
-58.06%
SIXH:
-11.68%
SJB:
-57.27%
SIXH:
0.00%
Returns By Period
In the year-to-date period, SJB achieves a -0.87% return, which is significantly lower than SIXH's 6.11% return.
SJB
-0.87%
-0.19%
-0.34%
-2.43%
-2.77%
-4.04%
SIXH
6.11%
4.70%
8.02%
14.40%
N/A
N/A
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SJB vs. SIXH - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than SIXH's 0.87% expense ratio.
Risk-Adjusted Performance
SJB vs. SIXH — Risk-Adjusted Performance Rank
SJB
SIXH
SJB vs. SIXH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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.
Dividends
SJB vs. SIXH - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 5.92%, more than SIXH's 1.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 5.92% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.72% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.59% | 1.55% | 2.04% | 2.07% | 1.65% | 1.10% | 0.00% | 0.00% |
Drawdowns
SJB vs. SIXH - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for SJB and SIXH. For additional features, visit the drawdowns tool.
Volatility
SJB vs. SIXH - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 0.93%, while 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) has a volatility of 2.85%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.