SIXH and SPYI 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 SPYI provides ~11.7% yield targeting investor in taxable accounts seeking tax-efficient income. 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
6 Meridian Hedged Equity-Income ETF
6.0
Overall Score
NEOS S&P 500 High Income ETF
6.2
Overall Score
| Criteria | SIXH | SPYI |
|---|---|---|
| Overall Score | 6.0 6.2 | |
| Total Return (25%) | 5.0 7.1 | |
| Downside Protection (25%) | 10.0 5.5 | |
| Upside Participation (25%) | 4.3 7.5 | |
| Consistency (15%) | 5.6 4.3 | |
| Expense Ratio (5%) | 2.8 4.0 | |
| Liquidity (5%) | 4.6 7.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SIXH | SPYI |
|---|---|---|
| Expense Ratio | 0.780% | 0.680% |
| Inception Date | Oct 8, 2020 | Aug 30, 2022 |
| Issuer | 6 Meridian | NEOS |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 4/5 stars | 3/5 stars |
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
The optimal choice for taxable accounts — the Section 1256 tax advantage is underappreciated by the market
Investor Profile:
Investor in taxable accounts seeking tax-efficient income
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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