RFDA vs SIXH
ALPS Dynamic US Dividend Advantage ETF vs ETC 6 Meridian Hedged Equity Index Option ETF
Which is better, RFDA or SIXH?
Each has led over a different period.
RFDA has a lower expense ratio. RFDA led over 3Y, 5Y and the full window, SIXH over 1Y. RFDA is less concentrated, with 30.6% of the fund in its ten largest positions against 33.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RFDA | SIXH |
|---|---|---|
| Expense Ratio | 0.52%Best | 0.73% |
| AUM | $77M | $605M |
| Dividend Yield | 2.00% | 1.78% |
| Holdings | 77 | 106 |
| YTD Return | +14.73%Best | +14.72% |
| 1Y Return | +16.68% | +17.59%Best |
| 3Y Return (annualized) | +20.07%Best | +13.16% |
| 5Y Return (annualized) | +12.87%Best | +9.95% |
| Volatility (annualized) | 14.4% | 9.1%Best |
| Max Drawdown | -19.4% | -11.7%Best |
| $10,000 over 5 years | $18,319Best | $16,069 |
| Top 10 Weight | 30.6%Best | 33.6% |
| Fund Family | ALPS Advisors | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 6, 2016 | May 11, 2020 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2020 to Oct 14, 2026 (6.4 years).
RFDA vs SIXH growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.4 years both funds cover.
RFDA vs SIXH Performance
ALPS Dynamic US Dividend Advantage ETF (RFDA) is an ETF from ALPS Advisors and ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) is an ETF from 6 Meridian ETF. Over the past year RFDA returned +16.68% while SIXH returned +17.59%. Year to date, RFDA is up 14.73% versus a gain of 14.72% for SIXH.
Over three years, RFDA compounded at +20.07% per year against +13.16% for SIXH; over five years the annualized figures are +12.87% and +9.95% respectively. Across the full 6-year window we track, RFDA has the edge at +16.59% annualized vs +10.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RFDA has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 9.1% for SIXH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.4% for RFDA and -11.7% for SIXH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RFDA charges 0.52% per year while SIXH charges 0.73%. On a $10,000 position that is $52 vs $73 annually, a gap of $21 per year that compounds over a long holding period. On income, RFDA currently yields 2.00% against 1.78% for SIXH.
Holdings Overlap
41.0% of RFDA's money is in holdings SIXH also owns. 50.8% of SIXH's money is in holdings RFDA also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 75 positions we hold weights for in RFDA and 52 in SIXH, against full books of 77 and 106.
What only one of them owns
Our book lists 28 positions for SIXH that do not appear in our book for RFDA (49.8% of the fund), and 48 for RFDA that do not appear in SIXH (55.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RFDA | Weight in SIXH | Difference |
|---|---|---|---|
| MOAltria Group Inc | 1.21% | 4.93% | 3.72% |
| JNJJohnson & Johnson - Common | 3.15% | 2.50% | 0.65% |
| BMYBristol-Myers Squibb Co. | 1.91% | 3.56% | 1.65% |
| TAT&T Inc. | 1.31% | 3.63% | 2.32% |
| VZVerizon Communic | 1.38% | 3.55% | 2.17% |
| NVDANvidia Corp | 3.52% | 1.37% | 2.15% |
| COPConocophillips Common Stock USD 0.01 | 2.45% | 2.44% | 0.01% |
| JPMJpmorgan Chase | 2.96% | 1.20% | 1.76% |
| USBUS Bancorp | 1.67% | 2.42% | 0.75% |
| QCOMQualcomm Inc. | 1.16% | 2.86% | 1.70% |
50.8% of SIXH is already inside RFDA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RFDA or SIXH?
RFDA has an expense ratio of 0.52% while SIXH charges 0.73%. RFDA is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, RFDA or SIXH?
Over the past year RFDA returned +16.68% vs +17.59% for SIXH, so SIXH leads on 1-year performance. Over the longest common window we track (6 years), RFDA annualized +16.59% vs +10.89% for SIXH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RFDA or SIXH?
RFDA has been the more volatile fund at 14.4% annualized versus 9.1% for SIXH. Worst drawdown: RFDA -19.4% vs SIXH -11.7%.
Should I hold both RFDA and SIXH?
RFDA and SIXH have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RFDA and SIXH?
50.8% of SIXH's money is in holdings RFDA also owns. 50.8% of SIXH's is in holdings RFDA also owns. They hold 24 positions in common, counted across the 75 positions we hold weights for in RFDA and 52 in SIXH.
Which pays a higher dividend, RFDA or SIXH?
RFDA yields 2.00% while SIXH yields 1.78%, so RFDA currently pays the higher dividend yield.
Is SIXH better than RFDA?
RFDA has a lower expense ratio. RFDA led over 3Y, 5Y and the full window, SIXH over 1Y. RFDA is less concentrated, with 30.6% of the fund in its ten largest positions against 33.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.