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ETFs

ETC 6 Meridian Low Beta Equity ETF

SIXL
$--
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)
$82,619
AUM
$140,777,752
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AMPH
Amphastar Pharmaceuticals Inc
0.65%
LLY
Lilly(Eli) & Co
0.58%
JBSS
Sanfilippo (John B.) & Son, Inc
0.56%
EHC
Encompass Health Corp
0.54%
FCN
FTI Consulting Inc.
0.52%
ORLY
O`Reilly Automotive, Inc.
0.52%
RSG
Republic Services, Inc.
0.52%
UVE
Universal Insurance Holdings Inc
0.52%
KBR
KBR Inc
0.52%
TAP
Molson Coors Beverage Company - Ordinary Shares - Class B
0.52%
Invest with SIXL

What is SIXL?

A quantitively-driven strategy emphasizing low beta stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked according to their beta. In 1972, Fischer Black published an academic paper describing how the security market line (the line equating stock performance to systematic risk) was too flat relative to what existing theory (Capital Asset Pricing Model, or CAPM) had proposed. Stocks with low betas performed better than what was predicted by the CAPM and stocks with high betas did not perform well enough to justify their additional risks.

ETFs related toSIXL

ETFs correlated to SIXL include SMMV, XMLV, FVD

SIXL
Exchange Traded Concepts Trust - ETC 6 Meridian Low Beta Equity ETF
SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
XMLV
Invesco Capital Management LLC - Invesco S&P MidCap Low Volatility ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund
PEY
Invesco Capital Management LLC - Invesco High Yield Equity Dividend Achievers ETF
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF
SDY
SPDR Series Trust - SPDR Dividend ETF
REGL
ProShares Trust - ProShares S&P MidCap 400 Div Aristocrats ETF
SMDV
ProShares Trust - ProShares Russell 2000 Div Growers ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility 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 toSIXL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SIXL using Composer

FAQ

SIXL is a US Equities ETF. A quantitively-driven strategy emphasizing low beta stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked according to their beta. In 1972, Fischer Black published an academic paper describing how the security market line (the line equating stock performance to systematic risk) was too flat relative to what existing theory (Capital Asset Pricing Model, or CAPM) had proposed. Stocks with low betas performed better than what was predicted by the CAPM and stocks with high betas did not perform well enough to justify their additional risks.

Yes, SIXL 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, SIXL 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 SIXL is -0.0534%. This is the percent change in the value of SIXL over the most recent 1-month period. The 3-month return on SIXL is -0.0666%. This is the percent change in the value of SIXL over the most recent 3-month period.

The standard deviation of SIXL for the past year is 0.1483%. 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 SIXL include IVV, DIA, and IWM.

ETFs correlated to SIXL include SMMV, XMLV, and FVD.

ETFs that are inversely correlated to SIXL include DXD, DOG, 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.