SIXH
ETC 6 Meridian Hedged Equity Index Option ETF
SIXH is an actively managed fund that provides exposure to US equities and sellscall options against SPY.
US
EQUITY
Active
MANAGEMENT STYLE
428.1 M
ASSETS UNDER MGMT
82 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2020 |
| Assets (mns) | $428 |
| Expense ratio | 82 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| JOHNSON & JOHNSON | 4.3 % |
| KRAFT HEINZ COMPANY | 4.1 % |
| AT&T INC | 4.0 % |
| ALTRIA GROUP INC | 2.9 % |
| DUKE ENERGY CORP | 2.9 % |
| ABBVIE INC | 2.9 % |
| CATERPILLAR INC | 2.8 % |
| AMERICAN EXPRESS CO | 2.8 % |
| COLGATE-PALMOLIVE CO | 2.7 % |
| WAL-MART STORES INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 58 |
| Herfindahl-Hirschman Index | 224 |
| Wgt avg mkt cap (mns) | $426,849 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.8% | 17.3% | 10.6% | 11.1% | -- | -- | 10.0% | Volatility | 6.2% | 6.3% | 7.2% | 10.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 46% |
| MSCI EAFE | 0.41 | 49% |
| MSCI Emg Mkts | 0.22 | 14% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $88,286 |
Technical Indicators
| Recent close | $36.35 |
| 30d moving avg. | $37.69 |
| Annualized volatility | 10.2% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SIXH |
Expenses vs. SIXH |
ALTAR Score™ vs. SIXH |
|---|---|---|---|---|
| SFLR | Innovator Equity Managed Floor ETF | 32.5% | +7 bp | -1.8% |
| PBP | Invesco S&P 500 BuyWrite ETF | 31.6% | -33 bp | -1.4% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 31.5% | -22 bp | -1.5% |
| XYLD | Global X S&P 500 Covered Call ETF | 31.5% | -22 bp | -1.5% |
| ACIO | Aptus Collared Investment Opportunity ETF | 31.3% | -3 bp | -1.7% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 31.2% | -22 bp | -1.4% |
| XTR | Global X S&P 500 Tail Risk ETF | 30.9% | -56 bp | -0.9% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 30.7% | -57 bp | -0.9% |
| FTHI | First Trust BuyWrite Income ETF | 30.0% | -7 bp | -1.1% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 27.8% | -22 bp | -1.2% |
Risk and Returns: SIXH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SIXH
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SIXH
5.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. SIXH's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places SIXH in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SIXHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| SIXH (82 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIXH | 82.0 | 22.6 | 104.6 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .