BBLU vs SIXA

BBLUBEA Bridgeway Blue Chip ETF

SIXADETC 6 Meridian Mega Cap Equity ETF

In short

BBLU Active stock picking at index-fund prices: Bridgeway's blue chip mandate in an ETF wrapper for 0.15% a year, a fraction of what the typical active US equity fund charges.

SIXA Most mega-cap funds just buy the biggest companies. SIXA is actively managed: it screens the largest 10% of the Russell 3000 on beta, momentum, yield, value and quality down to roughly 50 names, at 0.46% with no waiver in place.

Stated mandate

BBLU The Fund seeks long-term total return, primarily through capital appreciation and secondarily through income.

SIXA The Fund seeks capital appreciation.

Why people hold it

• BBLU 0.15% a year against a 0.65% median for active US equity funds. Most stock pickers in this group charge roughly four times as much.
• Priced level with the cheapest active large-cap peers (AVLC, also 0.15%) and well under factor-rotation rivals like DYNF at 0.26%.
• One stated job, plainly written: long-term total return, mostly capital appreciation with income second, in US stocks, inside a standard 1940 Act fund.
• Stands among the stronger active US equity funds in its peer group, with the fee doing much of the heavy lifting.

• SIXA Rules-driven stock picking inside the mega-cap universe: names are ranked on beta, momentum, yield, value and quality, then weighted by how many factors they score well on.sec.gov
• A low-beta tilt is written into the model, which ranks lower-beta stocks more favorably, so it leans toward steadier giants rather than the hottest ones.sec.gov
• Roughly 50 holdings, so each position actually matters, versus the hundreds of names in a cap-weighted mega-cap index. Distributions go out monthly.
• Live since 2020, which means several years of real-world record for an active strategy, not a backtest.

Worth knowing

• BBLU Moderately traded rather than a tape-topper, so spreads can run wider than on the giant core index funds.
• Cheap, not the floor. Broad core peers such as DFAU come in at 0.12%.
• Cash goes out annually or semiannually, not monthly, and income ranks second to appreciation in the mandate.

• SIXA At 0.46% with no waiver, it sits above the category median fee; index rivals cover mega caps for less, including MGC at 0.05% and OEF at 0.20%.
• Thinly traded next to its index peers, so bid-ask spreads can be wider and bigger orders can push the price around.
• Non-diversified and concentrated, with active turnover, so results can drift well away from a standard mega-cap index in either direction, and it ranks behind cheaper rivals in this small peer group.sec.gov

Full BBLU profile⁠

Full SIXA profile⁠