SIXH and XYLG are both covered call ETFs tracking the same benchmark, but with different approaches. SIXH offers a 1.77% yield, while XYLG provides a 12.83% 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
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
Global X S&P 500 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | SIXH | XYLG |
|---|---|---|
| Overall Score | 6.21 6.89 | |
| Total Return (25%) | 5.42 7.58 | |
| Downside Protection (25%) | 10.00 5.05 | |
| Upside Participation (25%) | 4.39 7.83 | |
| Consistency (15%) | 5.95 8.03 | |
| Expense Ratio (5%) | 2.75 5.00 | |
| Liquidity (5%) | 4.63 6.29 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SIXH | XYLG |
|---|---|---|
| Expense Ratio | 0.780% | 0.600% |
| Inception Date | Oct 8, 2020 | Oct 5, 2020 |
| Issuer | 6 Meridian | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 4/5 stars | 4/5 stars |
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.
Captured 78% of S&P 500 upside and 76% of the downside; the 12.8% TTM yield includes a one-off, and the regular yield is 5.6%.
Investor Profile:
XYLG tracks the Cboe S&P 500 Half BuyWrite Index. It holds the S&P 500 stocks, 506 positions, and sells one-month at-the-money calls on up to half of each holding, which leaves the rest free to follow the index. It paid a one-time distribution of $2.14 per share on Dec 30, 2025. 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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