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ETFs

ETC 6 Meridian Hedged Equity Index Option ETF

SIXH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 11, 2020
Expense Ratio
0.82%
Type
US Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$307,649
AUM
$352,083,390
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
5.09%
ABBV
Abbvie Inc
3.98%
LLY
Lilly(Eli) & Co
3.81%
MO
Altria Group Inc.
3.70%
BMY
Bristol-Myers Squibb Co.
3.66%
UNH
Unitedhealth Group Inc
2.73%
KHC
Kraft Heinz Co
2.70%
AMGN
AMGEN Inc.
2.68%
CVX
Chevron Corp.
2.60%
PEP
PepsiCo Inc
2.57%
Invest with SIXH

What is SIXH?

The Hedged Equity-Index Option portfolio seeks to capture the majority of the return of the US stock market with less risk than other equity investments. The portfolio is comprised large cap stocks with call options sold against the SPDR S&P 500 exchange traded fund in an effort decrease volatility and to increase current income. The stocks are selected utilizing our quantitative models and the options are selected based on our proprietary option selling model. We have found through our own research that selling call options against a broad-based and liquid index such as the S&P 500 provided better overall outcomes compared to selling call options against individual stocks.

ETFs related toSIXH

ETFs correlated to SIXH include PWV, SPMO, HDV

SIXH
Exchange Traded Concepts Trust - ETC 6 Meridian Hedged Equity Index Option ETF
PWV
Invesco Capital Management LLC - Invesco Large Cap Value ETF
SPMO
Invesco Capital Management LLC - Invesco S&P 500 Momentum ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
DIVO
Amplify ETF Trust - Amplify CPW Enhanced Dividend Income ETF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
UDOW
ProShares Trust - ProShares UltraPro Dow30 3x Shares

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 toSIXH

#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 SIXH using Composer

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FAQ

SIXH is a US Equities ETF. The Hedged Equity-Index Option portfolio seeks to capture the majority of the return of the US stock market with less risk than other equity investments. The portfolio is comprised large cap stocks with call options sold against the SPDR S&P 500 exchange traded fund in an effort decrease volatility and to increase current income. The stocks are selected utilizing our quantitative models and the options are selected based on our proprietary option selling model. We have found through our own research that selling call options against a broad-based and liquid index such as the S&P 500 provided better overall outcomes compared to selling call options against individual stocks.

Yes, SIXH 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, SIXH 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 SIXH is 0.0138%. This is the percent change in the value of SIXH over the most recent 1-month period. The 3-month return on SIXH is 0.0365%. This is the percent change in the value of SIXH over the most recent 3-month period.

The standard deviation of SIXH for the past year is 0.1015%. 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 SIXH include PKW, VIXY, and XYLD.

ETFs correlated to SIXH include PWV, SPMO, and HDV.

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

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.