SIXH vs RSPA: Which Covered Call ETF Is Better?

SIXH and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. SIXH offers ~7% yield with a focus on very defensive investor prioritizing capital preservation above all, while RSPA provides ~7.8% yield targeting income investors who want s&p 500 exposure with less mega-cap concentration and monthly distributions. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

Step 1: Select Benchmark

Step 2: Select ETFs to Compare

SIXH

6 Meridian Hedged Equity-Income ETF

S&P 500Inception: Oct 8, 2020

6.0

Overall Score

RSPA

Invesco S&P 500 Equal Weight Income Advantage ETF

S&P 500Inception: Jan 1, 2022

6.0

Overall Score

CriteriaSIXHRSPA
Overall Score
6.0
6.0
Total Return (25%)
5.0
5.9
Downside Protection (25%)
10.0
5.4
Upside Participation (25%)
4.3
6.6
Consistency (15%)
5.6
5.7
Expense Ratio (5%)
2.8
7.6
Liquidity (5%)
4.6
6.0
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Compare Across All Time Windows

Since Inception

3 Years

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1 Year

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Key Metrics

MetricSIXHRSPA
Expense Ratio0.780%0.390%
Inception DateOct 8, 2020Jan 1, 2022
Issuer6 MeridianInvesco
Distribution FrequencyMonthlyMonthly
Maturity Rating4/5 stars4/5 stars

Verdicts

SIXH

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

RSPA

Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.

Investor Profile:

Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions

Full scores for these funds

See where these rank against every SPY fund

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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