XYLD and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. XYLD offers a 10.41% 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
Global X S&P 500 Covered Call ETF
5.79
Overall Score
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
| Criteria | XYLD | SIXH |
|---|---|---|
| Overall Score | 5.79 6.21 | |
| Total Return (25%) | 3.79 5.42 | |
| Downside Protection (25%) | 5.90 10.00 | |
| Upside Participation (25%) | 6.45 4.39 | |
| Consistency (15%) | 7.61 5.95 | |
| Expense Ratio (5%) | 5.00 2.75 | |
| Liquidity (5%) | 7.23 4.63 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | XYLD | SIXH |
|---|---|---|
| Expense Ratio | 0.600% | 0.780% |
| Inception Date | Jun 24, 2013 | Oct 8, 2020 |
| Issuer | Global X | 6 Meridian |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
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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