SIXL
ETC 6 Meridian Low Beta Equity ETF
SIXL is an actively managed fund of US stocks selected for fundamental factors of growth and low volatility. Securities are equally weighted.
US
EQUITY
Active
MANAGEMENT STYLE
179.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2020 |
| Assets (mns) | $180 |
| Expense ratio | 80 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 | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CAREER EDUCATION CORP | 0.7 % |
| ADTALEM GLOBAL EDUCATION INC. | 0.7 % |
| CORCEPT THERAPEUTICS INC | 0.6 % |
| NATIONAL HEALTHCARE CORP | 0.6 % |
| UNITED THERAPEUTICS CORP | 0.6 % |
| WISDOMTREE INVESTMENTS INC | 0.6 % |
| COCA-COLA BOTTLING CO CONSOL | 0.6 % |
| VERRA MOBILITY CORP. CLASS A | 0.6 % |
| SPROUTS FARMERS MARKET INC | 0.5 % |
| TKO GROUP HOLDINGS, INC. CLASS A | 0.5 % |
Constituent Breakdown
| Number of holdings | 242 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $44,764 |
| Large cap (>$10bn) | 48.2% |
| Mid cap ($2-10bn) | 37.3% |
| Small cap (<$2bn) | 13.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.0 % |
 |
IRELAND | 1.9 % |
 |
BERMUDA | 1.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.0% | 25.3% | 9.1% | 6.9% | -- | -- | 7.6% | Volatility | 9.8% | 10.1% | 11.1% | 12.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 69% |
| MSCI EAFE | 0.63 | 61% |
| MSCI Emg Mkts | 0.38 | 22% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $38,898 |
Technical Indicators
| Recent close | $37.05 |
| 30d moving avg. | $38.69 |
| Annualized volatility | 14.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 5.0% |
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. SIXL |
Expenses vs. SIXL |
ALTAR Score™ vs. SIXL |
|---|---|---|---|---|
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 34.6% | -60 bp | -0.2% |
| FVD | First Trust Value Line Dividend Index Fund | 32.7% | -15 bp | +2.2% |
| JPUS | JPMorgan Diversified Return U.S. Equity ETF | 28.4% | -62 bp | +3.2% |
| ROUS | Hartford Multifactor US Equity ETF | 26.8% | -61 bp | +2.5% |
| VFMV | Vanguard U.S. Minimum Volatility ETF | 24.8% | -67 bp | +0.8% |
| USMF | WisdomTree U.S. Multifactor Fund | 24.6% | -52 bp | +3.0% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 23.3% | -60 bp | +3.6% |
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 23.0% | 0 bp | +1.9% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 22.9% | -65 bp | +1.5% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 22.7% | -56 bp | +3.4% |
Risk and Returns: SIXL 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
SIXL
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SIXL
4.4%
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%. SIXL's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SIXL in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SIXLSELL
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 |
| SIXL (80 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIXL | 80.0 | 35.9 | 115.9 |
| Peer Avg. | 44.4 | 19.4 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .