SIXA vs SPY
ETC 6 Meridian Mega Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SIXA or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SIXA led over 1Y, SPY over 3Y, 5Y and the full window. SIXA is less concentrated, with 35.9% of the fund in its ten largest positions against 37.8%.
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 | SIXA | SPY |
|---|---|---|
| Expense Ratio | 0.46% | 0.09%Best |
| AUM | $544M | $804.7B |
| Dividend Yield | 1.91% | 0.98% |
| Holdings | 51 | 505 |
| YTD Return | +16.73%Best | +12.89% |
| 1Y Return | +18.06%Best | +17.01% |
| 3Y Return (annualized) | +21.19% | +22.46%Best |
| 5Y Return (annualized) | +12.91% | +13.01%Best |
| Volatility (annualized) | 12.6%Best | 15.3% |
| Max Drawdown | -18.4%Best | -24.5% |
| $10,000 over 5 years | $18,351 | $18,433Best |
| Top 10 Weight | 35.9%Best | 37.8% |
| Fund Family | 6 Meridian ETF | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 11, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2020 to Sep 24, 2026 (6.4 years).
SIXA vs SPY 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.
SIXA vs SPY Performance
ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an ETF from 6 Meridian ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SIXA returned +18.06% while SPY returned +17.01%. Year to date, SIXA is up 16.73% versus a gain of 12.89% for SPY.
Over three years, SIXA compounded at +21.19% per year against +22.46% for SPY; over five years the annualized figures are +12.91% and +13.01% respectively. Across the full 6-year window we track, SPY has the edge at +17.70% annualized vs +15.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.6% for SIXA. 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 -18.4% for SIXA and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SIXA charges 0.46% per year while SPY charges 0.09%. On a $10,000 position that is $46 vs $9 annually, a gap of $37 per year that compounds over a long holding period. On income, SIXA currently yields 1.91% against 0.98% for SPY.
Holdings Overlap
99.4% of SIXA's money is in holdings SPY also owns. 42.5% of SPY's money is in holdings SIXA also owns.
Most of SIXA is already inside SPY. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 48 positions we hold weights for in SIXA and 504 in SPY, against full books of 51 and 505.
What only one of them owns
Measured across the 48 and 504 positions we hold weights for.
SPY holds 450 positions SIXA does not, 56.8% of the fund.
Largest: MSFT 5.66%, AVGO 2.66%, GOOG 2.39%, TSLA 1.52%, JPM 1.45%
Top Shared Holdings
| Stock | Weight in SIXA | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.40% | 8.01% | 6.61% |
| AAPLApple, Inc | 1.36% | 7.26% | 5.90% |
| MOAltria Group Inc | 5.25% | 0.18% | 5.07% |
| AMZNAmazon.Com Inc | 1.21% | 3.79% | 2.58% |
| TBBAt&t Inc | 4.32% | 0.27% | 4.05% |
| MUMicron Technology, Inc. | 2.92% | 1.60% | 1.32% |
| VZVerizon Communic | 4.15% | 0.32% | 3.83% |
| PMPhilip Morris International Inc. | 3.79% | 0.44% | 3.35% |
| GOOGLAlphabet Inc,class A | 1.21% | 2.99% | 1.78% |
| PEPPepsico Inc. | 3.87% | 0.29% | 3.58% |
99.4% of SIXA is already inside SPY.
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, SIXA or SPY?
SIXA has an expense ratio of 0.46% while SPY charges 0.09%. SPY is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, SIXA or SPY?
Over the past year SIXA returned +18.06% vs +17.01% for SPY, so SIXA leads on 1-year performance. Over the longest common window we track (6 years), SIXA annualized +15.59% vs +17.70% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SIXA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.6% for SIXA. Worst drawdown: SIXA -18.4% vs SPY -24.5%.
Should I hold both SIXA and SPY?
SIXA and SPY have a monthly-return correlation of 0.84, 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 SIXA and SPY?
99.4% of SIXA's money is in holdings SPY also owns. 42.5% of SPY's is in holdings SIXA also owns. They hold 47 positions in common, counted across the 48 positions we hold weights for in SIXA and 504 in SPY.
Which pays a higher dividend, SIXA or SPY?
SIXA yields 1.91% while SPY yields 0.98%, so SIXA currently pays the higher dividend yield.
Is SPY better than SIXA?
SPY has a lower expense ratio. SIXA led over 1Y, SPY over 3Y, 5Y and the full window. SIXA is less concentrated, with 35.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.