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ETC 6 Meridian Hedged Equity Index Option ETF

SIXHNYSE ArcaMeridianC

$44.98−0.13 (−0.29%)

As of Nov 10, 2026, 9:50 AM ET

Intraday session: down, 5 prints from 45.11 to 44.98. Range 44.96 to 45.14. Use the arrow keys to read each point.45.0045.0545.1510 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$621M
1Y total return
+20.9%
Yield · Last 12 months
1.76%
Holdings
49
Avg volume · 30D
15.5K sh
52W range
low $38.03high $46.13
Launched
Filings
SEC EDGAR

The ETF.net SIXH Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Rank
32 of 51
Six-pillar profile for SIXH. Scores out of 100: Cost 42, Risk 78, Mission not scored, Tradability 34, Holdings 63, Durability 67. Strongest: Risk (78). Weakest: Tradability (34). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C42 out of 100
    Rank 30 of 51
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A78 out of 100
    Rank 5 of 51
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D34 out of 100
    Rank 38 of 51
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 18 of 40
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 15 of 51

Our read on SIXH

ETF.net Research

In short

CMost hedged-equity funds bolt options onto an index. SIXH runs a concentrated book of about 50 growth-and-quality stocks, then writes calls on broad equity indexes over the top. Active on both sides, and it pays monthly.

Stated mandate

The Fund seeks capital appreciation. Its active strategy combines an equity portfolio with call-option writing on broad equity-market indices or funds, intended to reduce broad equity-market exposure.

Why people hold it

  • Two decisions, not one: roughly 50 stocks screened for growth, profitability and quality, with index call writing layered on to trim broad equity-market exposure.
  • Fee of 0.73% lands under the same-index rivals ACYS (0.75%), OVL (0.79%) and MRSK (0.98%), so the active overlay does not carry a premium price inside its own niche.
  • Distributions arrive monthly, funded by option premium and the equity book rather than a fixed payout formula.
  • Live since 2020 and one of the stronger implementations in a crowded options-income peer group, with a real asset base behind it.

Worth knowing

  • Written calls hand back part of a strong rally. Premium comes in, upside gets clipped. That is the mechanism, not a malfunction.
  • Thinly traded next to the category's heavyweights, which tends to mean wider spreads and more attention needed on order type.
  • Fully active, with no index holding it to a benchmark: outcomes track the manager's stock selection and option decisions. NBOS runs a cheaper S&P 500 overlay at 0.59%.

SIXH Performance

Launched May 8, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
SIXH$12,087
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. SIXH $12,087. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SIXH. Periods over one year show the average yearly return.
PeriodSIXH
Year to date+16.7%
1 month+2.7%
3 months+3.9%
1 year+20.9%
3 yearsper year+13.6%
5 yearsper year+10.5%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SIXH
YearReturn barSIXH
2026 YTD+16.7%
2025+9.5%
2024+12.1%
2023+4.9%
2022+6.9%
2021+18.4%
2020+5.8%

History from May 11, 2020

SIXH in the news

SIXH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
1.76%Last 12 months
Payout per share
$0.79Last 12 months
Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 26, 2023 $0.05; Feb 23, 2023 $0.05; Mar 27, 2023 $0.09; Apr 25, 2023 $0.06; May 25, 2023 $0.04; Jun 27, 2023 $0.10; Jul 27, 2023 $0.01; Aug 28, 2023 $0.04; Sep 26, 2023 $0.08; Oct 26, 2023 $0.04; Nov 27, 2023 $0.03; Dec 26, 2023 $0.09; Jan 24, 2024 $0.04; Feb 26, 2024 $0.03; Mar 25, 2024 $0.08; Apr 24, 2024 $0.03; May 23, 2024 $0.04; Jun 24, 2024 $0.06; Jul 24, 2024 $0.04; Aug 26, 2024 $0.03; Sep 24, 2024 $0.07; Oct 24, 2024 $0.05; Nov 25, 2024 $0.04; Dec 30, 2024 $0.07; Jan 30, 2025 $0.08; Feb 27, 2025 $0.06; Mar 27, 2025 $0.10; Apr 29, 2025 $0.07; May 29, 2025 $0.05; Jun 26, 2025 $0.07; Jul 30, 2025 $0.11; Aug 28, 2025 $0.03; Sep 29, 2025 $0.07; Oct 30, 2025 $0.11; Nov 25, 2025 $0.04; Dec 30, 2025 $0.09; Jan 28, 2026 $0.06; Feb 25, 2026 $0.01; Mar 27, 2026 $0.07; Apr 28, 2026 $0.09; May 27, 2026 $0.05; Jun 26, 2026 $0.08; Jul 29, 2026 $0.10; Aug 27, 2026 $0.01; Sep 28, 2026 $0.07; Oct 28, 2026 $0.12. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 28, 2026Oct 30, 2026$0.12
Sep 28, 2026Sep 30, 2026$0.07
Aug 27, 2026Aug 31, 2026$0.01
Jul 29, 2026Jul 31, 2026$0.10
Jun 26, 2026Jun 30, 2026$0.08
May 27, 2026May 29, 2026$0.05
Apr 28, 2026Apr 30, 2026$0.09
Mar 27, 2026Mar 31, 2026$0.07
Feb 25, 2026Feb 27, 2026$0.01
Jan 28, 2026Jan 30, 2026$0.06
Dec 30, 2025Dec 31, 2025$0.09
Nov 25, 2025Nov 26, 2025$0.04

See all 76 payments⁠

$10,000 in SIXH 5 years ago paid $1,179 in dividends.⁠

SIXH Risk

How much the fund’s monthly returns vary, scaled to a year.
7.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.36
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SIXH Cost

Overpaying vs PEPS, cheapest in S&P 500 Option Income

$11,323

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SIXH 0.69%

    $13,429

  • PEPS 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • SIXH 0.69%
  • PEPS 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SIXH $13,429PEPS $2,106

Year by year

YearSIXHPEPSOverpaying
10$1,232$183$1,049
20$4,697$717$3,980
30$13,429$2,106$11,323

Other funds in S&P 500 Option Income