BALI and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while SIXH provides a 1.77% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
| Criteria | BALI | SIXH |
|---|---|---|
| Overall Score | 7.26 6.21 | |
| Total Return (25%) | 9.07 5.42 | |
| Downside Protection (25%) | 3.93 10.00 | |
| Upside Participation (25%) | 8.88 4.39 | |
| Consistency (15%) | 7.19 5.95 | |
| Expense Ratio (5%) | 9.38 2.75 | |
| Liquidity (5%) | 4.90 4.63 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | SIXH |
|---|---|---|
| Expense Ratio | 0.350% | 0.780% |
| Inception Date | Oct 18, 2022 | Oct 8, 2020 |
| Issuer | BlackRock | 6 Meridian |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 stars |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
Cut the worst drawdown to -10.1% (SPY -23.9%), but pays only 1.8% and captured 44% of S&P 500 upside.
Investor Profile:
SIXH is an actively managed Exchange Traded Concepts fund that provides exposure to U.S. equities, 52 positions, and sells call options against SPY. Its largest positions are SPY (5.1%) and Altria (5.0%). The hedged label and a 20% down capture indicate a protective component, but the fund page does not describe it [to confirm with 6 Meridian]. It pays monthly.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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