Rankings / SIXH
6 Meridian Hedged Equity-Income ETF
6.2
Overall Score
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.
The fund holds a portfolio of US large-cap equities and sells call options against SPY to generate income and reduce market exposure. It also employs additional hedging strategies, including the use of inverse ETFs, to further reduce downside risk. Premium collected is distributed quarterly. The strategy provides significant downside protection: down-capture has been 19.81% since inception, but this comes at the cost of reduced upside participation.
Cut the worst drawdown to -10.1% (SPY -23.9%), but pays only 1.8% and captured 44% of S&P 500 upside.
Cumulative total return of SIXH against SPY, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | SIXH | SPY |
|---|---|---|
| 2026 YTD | +13.11% | +12.71% |
| 2025 | +9.47% | +17.72% |
| 2024 | +12.06% | +24.89% |
| 2023 | +4.94% | +26.19% |
| 2022 | +6.91% | -18.17% |
| 2021 | +18.38% | +28.75% |
| 2020 * | +5.66% | +24.43% |
Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of SIXH underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | MO | ALTRIA GROUP INC | 5.30% |
| 2 | PM | PHILIP MORRIS INTERNATIONAL | 3.92% |
| 3 | T | AT&T INC | 3.84% |
| 4 | VZ | VERIZON COMMUNICATIONS INC | 3.82% |
| 5 | PEP | PEPSICO INC | 3.75% |
| 6 | BMY | BRISTOL-MYERS SQUIBB COMPANY | 3.70% |
| 7 | BIL | SS SPDR BB 1-3M T-BILL ETF | 3.03% |
| 8 | MU | MICRON TECHNOLOGY INC | 2.67% |
| 9 | WMT | WALMART INC. | 2.65% |
| 10 | LLY | ELI LILLY & CO | 2.64% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
6.2
3 years
5.9
1 year
7.3
3 months
4.7
How has SIXH ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
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Expense Ratio
0.780%
Inception Date
October 8, 2020
Benchmark
SPY
Category
Covered Call - Large Cap
Distribution Frequency
Monthly
Maturity Rating
4/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.