SIXH vs SPY
ETC 6 Meridian Hedged Equity Index Option ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SIXH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $576M | $789.1B | |
| Dividend Yield | 1.86% | 1.01% | |
| Holdings | 105 | 505 | |
| YTD Return | +13.82% | +14.47% | |
| 1Y Return | +15.85% | +21.96% | |
| 3Y Return (annualized) | +13.15% | +21.70% | |
| 5Y Return (annualized) | +9.35% | +13.30% | |
| Volatility (annualized) | 9.2% | 15.3% | |
| Max Drawdown | -11.7% | -56.5% | |
| Fund Family | 6 Meridian ETF | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 11, 2020 | Jan 22, 1993 |
SIXH vs SPY Performance
ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) is a ETF from 6 Meridian ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SIXH returned +15.85% while SPY returned +21.96%. Year to date, SIXH is up 13.82% versus a gain of 14.47% for SPY.
Over three years, SIXH compounded at +13.15% per year against +21.70% for SPY; over five years the annualized figures are +9.35% and +13.30% respectively. Across the full 6-year window we track, SIXH has the edge at +11.07% annualized vs +8.87%. 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 9.2% 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 -11.7% for SIXH and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SIXH charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, SIXH currently yields 1.86% against 1.01% for SPY.
Holdings Overlap
SIXH and SPY share 47 holdings out of 507 unique holdings combined, representing a 24.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SIXH or SPY?
SIXH has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, SIXH or SPY?
Over the past year SIXH returned +15.85% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), SIXH annualized +11.07% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, SIXH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.2% for SIXH. Worst drawdown: SIXH -11.7% vs SPY -56.5%.
Should I hold both SIXH and SPY?
SIXH and SPY have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SIXH and SPY?
SIXH and SPY share 47 common holdings with a 24.9% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SIXH or SPY?
SIXH yields 1.86% while SPY yields 1.01%, so SIXH currently pays the higher dividend yield.
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