SMVLX vs. SIXH
SMVLX (Smead Value Fund) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both funds - SMVLX is a Large Cap Value Equities fund managed by Smead Funds, while SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts. Over the past 5 years, SMVLX returned 10.62%/yr vs 9.67%/yr for SIXH. Their 0.58 correlation means they have sometimes moved together and sometimes differently. SMVLX charges 1.26%/yr vs 0.87%/yr for SIXH.
Performance
SMVLX vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, SMVLX achieves a 21.13% return, which is significantly higher than SIXH's 11.82% return.
SMVLX
- 1D
- -0.25%
- 1M
- 3.21%
- 6M
- 16.20%
- YTD
- 21.13%
- 1Y
- 31.71%
- 3Y*
- 12.65%
- 5Y*
- 10.62%
- 10Y*
- 12.68%
- ALL TIME*
- 13.65%
SIXH
- 1D
- -0.05%
- 1M
- 1.25%
- 6M
- 6.67%
- YTD
- 11.82%
- 1Y
- 15.44%
- 3Y*
- 13.19%
- 5Y*
- 9.67%
- 10Y*
- —
- ALL TIME*
- 11.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.69K | $438.81K | $385.38K | |
SMVLX Smead Value Fund | $0.00 | $0.00 | $0.00 |
SMVLX vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 21.13% | 5.05% | 4.78% | 16.87% | -2.79% | 42.46% | 29.59% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 11.82% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between SMVLX and SIXH is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.58 |
The correlation between SMVLX and SIXH has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
SMVLX vs. SIXH — Risk / Return Rank
SMVLX
SIXH
SMVLX vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) 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.
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.
| SMVLX | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 3.59 | +1.48 |
| Martin ratioReturn relative to average drawdown | 15.11 | 9.12 | +5.99 |
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Drawdowns
SMVLX vs. SIXH - Drawdown Comparison
The maximum SMVLX drawdown since its inception was -39.56%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for SMVLX and SIXH.
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Drawdown Indicators
| SMVLX | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -11.68% | -27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -4.36% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -9.10% | -15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -11.68% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.63% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -1.82% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.71% | +0.27% |
Volatility
SMVLX vs. SIXH - Volatility Comparison
Smead Value Fund (SMVLX) has a higher volatility of 3.12% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.48%. This indicates that SMVLX's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMVLX | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 2.48% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 6.36% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 7.87% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 10.40% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 10.09% | +9.34% |
SMVLX vs. SIXH - Expense Ratio Comparison
SMVLX has a 1.26% expense ratio, which is higher than SIXH's 0.87% expense ratio.
Dividends
SMVLX vs. SIXH - Dividend Comparison
SMVLX's dividend yield for the trailing twelve months is around 1.38%, less than SIXH's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.82% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMVLX Smead Value Fund | 1.38% | 1.67% | 1.08% | 1.34% | 1.78% | 3.91% | 1.40% | 3.83% | 7.47% | 0.22% | 3.14% | 3.10% |
Frequently Asked Questions
SMVLX and SIXH have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMVLX has higher volatility (3.12%) compared to SIXH (2.48%). In terms of maximum drawdown, SMVLX dropped -39.56% vs SIXH's -11.68%.
SMVLX currently has the higher Sharpe Ratio (2.21 vs 1.99), 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.
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