SIXS
ETC 6 Meridian Small Cap Equity ETF
SIXS is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600.
US
EQUITY
Active
MANAGEMENT STYLE
92.4 M
ASSETS UNDER MGMT
89 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2020 |
| Assets (mns) | $92 |
| Expense ratio | 89 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 | 3.6 % |
| INNOVIVA, INC. | 2.6 % |
| CAL-MAINE FOODS INC | 2.6 % |
| EMPLOYERS HOLDINGS INC | 2.2 % |
| COLLEGIUM PHARMACEUTICAL, INC. | 2.1 % |
| ADTALEM GLOBAL EDUCATION INC. | 1.7 % |
| CORCEPT THERAPEUTICS INC | 1.6 % |
| BOFI HOLDING INC | 1.5 % |
| WISDOMTREE INVESTMENTS INC | 1.5 % |
| ALLIANCE DATA SYSTEMS CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 85 |
| Herfindahl-Hirschman Index | 140 |
| Wgt avg mkt cap (mns) | $2,645 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 54.3% |
| Small cap (<$2bn) | 45.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.7 % |
 |
BERMUDA | 1.2 % |
 |
IRELAND | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.8% | 22.9% | 11.0% | 3.9% | -- | -- | 8.8% | Volatility | 15.6% | 15.9% | 16.9% | 18.4% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 57% |
| MSCI EAFE | 0.83 | 53% |
| MSCI Emg Mkts | 0.56 | 24% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $1,287 |
Technical Indicators
| Recent close | $49.28 |
| 30d moving avg. | $51.72 |
| Annualized volatility | 19.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 6.5% |
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. SIXS |
Expenses vs. SIXS |
ALTAR Score™ vs. SIXS |
|---|---|---|---|---|
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 30.6% | -54 bp | +1.6% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 25.3% | -30 bp | -4.5% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 22.9% | -60 bp | +0.6% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 22.7% | -64 bp | -2.8% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 22.3% | -30 bp | -3.4% |
| SIXL | ETC 6 Meridian Low Beta Equity ETF | 20.3% | -9 bp | -4.1% |
| ROSC | Hartford Multifactor Small Cap ETF | 19.8% | -55 bp | +0.4% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 19.7% | -53 bp | +3.1% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 18.5% | -54 bp | -2.3% |
| SQLV | Royce Quant Small-Cap Quality Value ETF | 17.4% | -29 bp | -1.1% |
Risk and Returns: SIXS 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
SIXS
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SIXS
8.5%
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%. SIXS's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places SIXS in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SIXSSELL
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 |
| SIXS (89 bp) Percentile rank | 74 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIXS | 89.0 | 23.8 | 112.8 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .