ISPY and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. ISPY offers ~10% yield with a focus on yield-focused investor accepting minimal downside protection, while SIXH provides ~7% yield targeting very defensive investor prioritizing capital preservation above all. 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
ProShares S&P 500 High Income ETF
5.5
Overall Score
6 Meridian Hedged Equity-Income ETF
6.0
Overall Score
| Criteria | ISPY | SIXH |
|---|---|---|
| Overall Score | 5.5 6.0 | |
| Total Return (25%) | 7.8 5.0 | |
| Downside Protection (25%) | — 10.0 | |
| Upside Participation (25%) | 9.2 4.2 | |
| Consistency (15%) | 4.3 5.5 | |
| Expense Ratio (5%) | 5.6 2.8 | |
| Liquidity (5%) | 5.7 4.6 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | ISPY | SIXH |
|---|---|---|
| Expense Ratio | 0.550% | 0.780% |
| Inception Date | Mar 22, 2023 | Oct 8, 2020 |
| Issuer | ProShares | 6 Meridian |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 4/5 stars |
High yield but zero downside protection is a significant red flag — not suitable as a defensive holding
Investor Profile:
Yield-focused investor accepting minimal downside protection
The most defensive fund in our universe — ideal for bear market protection but sacrifices significant upside
Investor Profile:
Very defensive investor prioritizing capital preservation above all