SIXH vs SPY
ETC 6 Meridian Hedged Equity Index Option ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SIXH or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SIXH led over 1Y, SPY over 3Y, 5Y and the full window. SIXH is less concentrated, with 33.8% 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 | SIXH | SPY |
|---|---|---|
| Expense Ratio | 0.69% | 0.09%Best |
| AUM | $603M | $804.7B |
| Dividend Yield | 1.75% | 0.98% |
| Holdings | 54 | 505 |
| YTD Return | +14.18%Best | +12.09% |
| 1Y Return | +16.32%Best | +16.29% |
| 3Y Return (annualized) | +12.81% | +21.20%Best |
| 5Y Return (annualized) | +10.53% | +13.37%Best |
| Volatility (annualized) | 9.1%Best | 15.4% |
| Max Drawdown | -11.7%Best | -24.5% |
| $10,000 over 5 years | $16,497 | $18,728Best |
| Top 10 Weight | 33.8%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 18, 2026 (6.4 years).
SIXH 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.
SIXH vs SPY Performance
ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) 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 SIXH returned +16.32% while SPY returned +16.29%. Year to date, SIXH is up 14.18% versus a gain of 12.09% for SPY.
Over three years, SIXH compounded at +12.81% per year against +21.20% for SPY; over five years the annualized figures are +10.53% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +17.62% annualized vs +10.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -11.7% for SIXH 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 0.50. They move together some of the time, and apart the rest.
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 1.75% against 0.98% for SPY.
Holdings Overlap
95.8% of SIXH's money is in holdings SPY also owns. 44.4% of SPY's money is in holdings SIXH also owns.
Most of SIXH is already inside SPY. Owning both mostly buys the same companies twice.
49 positions in common, counted across the 51 positions we hold weights for in SIXH and 504 in SPY, against full books of 54 and 505.
What only one of them owns
Measured across the 51 and 504 positions we hold weights for.
SPY holds 448 positions SIXH does not, 55.0% of the fund.
Largest: MSFT 5.66%, AVGO 2.66%, GOOG 2.39%, TSLA 1.52%, BRK.B 1.40%
Top Shared Holdings
| Stock | Weight in SIXH | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.34% | 8.01% | 6.67% |
| AAPLApple, Inc | 1.26% | 7.26% | 6.00% |
| MOAltria Group Inc | 4.99% | 0.18% | 4.81% |
| AMZNAmazon.Com Inc | 1.29% | 3.79% | 2.50% |
| MUMicron Technology, Inc. | 2.71% | 1.60% | 1.11% |
| GOOGLAlphabet Inc,class A | 1.28% | 2.99% | 1.71% |
| VZVerizon Communic | 3.81% | 0.32% | 3.49% |
| PEPPepsico Inc. | 3.77% | 0.29% | 3.48% |
| TBBAt&t Inc | 3.77% | 0.27% | 3.50% |
| BMYBristol-Myers Squibb Co. | 3.80% | 0.21% | 3.59% |
95.8% of SIXH 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, SIXH or SPY?
SIXH has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, SIXH or SPY?
Over the past year SIXH returned +16.32% vs +16.29% for SPY, so SIXH leads on 1-year performance. Over the longest common window we track (6 years), SIXH annualized +10.94% vs +17.62% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SIXH or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 9.1% for SIXH. Worst drawdown: SIXH -11.7% vs SPY -24.5%.
Should I hold both SIXH and SPY?
SIXH and SPY have a monthly-return correlation of 0.50, 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 SIXH and SPY?
95.8% of SIXH's money is in holdings SPY also owns. 44.4% of SPY's is in holdings SIXH also owns. They hold 49 positions in common, counted across the 51 positions we hold weights for in SIXH and 504 in SPY.
Which pays a higher dividend, SIXH or SPY?
SIXH yields 1.75% while SPY yields 0.98%, so SIXH currently pays the higher dividend yield.
Is SPY better than SIXH?
SPY has a lower expense ratio. SIXH led over 1Y, SPY over 3Y, 5Y and the full window. SIXH is less concentrated, with 33.8% 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.