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ETFs

ETC 6 Meridian Mega Cap Equity ETF

SIXA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 11, 2020
Expense Ratio
0.80%
Type
US Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$138,632
AUM
$186,018,810
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ABBV
Abbvie Inc
4.24%
LLY
Lilly(Eli) & Co
4.07%
MO
Altria Group Inc.
3.95%
BMY
Bristol-Myers Squibb Co.
3.91%
UNH
Unitedhealth Group Inc
2.92%
KHC
Kraft Heinz Co
2.88%
AMGN
AMGEN Inc.
2.86%
CVX
Chevron Corp.
2.78%
PEP
PepsiCo Inc
2.74%
CL
Colgate-Palmolive Co.
2.71%
Invest with SIXA

What is SIXA?

A quantitively-driven strategy emphasizing high quality large-cap stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked on a stand-alone basis in relation to five different factors: beta, momentum, yield, value, and quality. The stocks that rank the highest for each factor are combined into one portfolio. Stocks that rank high in multiple factors are over-weighted.

ETFs related toSIXA

ETFs correlated to SIXA include MGV, DLN, VTV

SIXA
Exchange Traded Concepts Trust - ETC 6 Meridian Mega Cap Equity ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
VTV
Vanguard Group, Inc. - Vanguard Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSIXA

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with SIXA using Composer

News Related to SIXA

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FAQ

SIXA is a US Equities ETF. A quantitively-driven strategy emphasizing high quality large-cap stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked on a stand-alone basis in relation to five different factors: beta, momentum, yield, value, and quality. The stocks that rank the highest for each factor are combined into one portfolio. Stocks that rank high in multiple factors are over-weighted.

Yes, SIXA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SIXA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SIXA is -0.005%. This is the percent change in the value of SIXA over the most recent 1-month period. The 3-month return on SIXA is 0.0184%. This is the percent change in the value of SIXA over the most recent 3-month period.

The standard deviation of SIXA for the past year is 0.1347%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SIXA include IVV, MDY, and IJR.

ETFs correlated to SIXA include MGV, DLN, and VTV.

ETFs that are inversely correlated to SIXA include DOG, DXD, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.