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SIXHETC 6 Meridian Hedged Equity-Index Option Strategy ETF

Get incomeTake a bet6y track recordRanked #126 of 775 in this goal

Seeks to provide capital appreciation.

By Exchange Traded Concepts · Launched 2020

Annual Cost

0.69%

#3,463 of 5,562 · average

Fund Size

$543M

#1,504 of 5,562 · large

Dividend YieldGoal

1.90%

Track Record

6 years

#2,103 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,288+12.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 34.1% of fundwell diversified

State Street SPDR Bloomberg 1-3 Month T-Bill ETF
4.3%
AT&T INC.
4.0%
VERIZON COMMUNICATIONS INC.
3.9%
Altria Group, Inc.
3.9%
Pepsico, Inc.
3.9%
MERCK & CO., INC.
3.2%
ALPHABET INC.
2.8%
Philip Morris International Inc.
2.7%
COLGATE-PALMOLIVE COMPANY
2.7%
U.S. BANCORP
2.6%

Asset allocation

Stocks
99.9%
Cash
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.6%Low

Year-on-year price swings

Max drawdown
-11.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.98Decent risk-adjusted returns
Sortino (3Y)
1.44Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide capital appreciation.
Strategy
Actively managed fund investing primarily in equity securities while selling call options on market indices. Aims to reduce equity market risk and generate income through option premiums.
Inception date
May 11, 2020
Fund family
Exchange Traded Concepts

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20