SIXA
ETC 6 Meridian Mega Cap Equity ETF
SIXA is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index.
US
EQUITY
Active
MANAGEMENT STYLE
279.4 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 11, 2020 |
| Assets (mns) | $279 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| JOHNSON & JOHNSON | 4.3 % |
| KRAFT HEINZ COMPANY | 4.1 % |
| AT&T INC | 3.9 % |
| ALTRIA GROUP INC | 2.9 % |
| DUKE ENERGY CORP | 2.9 % |
| ABBVIE INC | 2.8 % |
| CATERPILLAR INC | 2.8 % |
| AMERICAN EXPRESS CO | 2.8 % |
| COLGATE-PALMOLIVE CO | 2.7 % |
| WAL-MART STORES INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 222 |
| Wgt avg mkt cap (mns) | $411,768 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.4 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.2% | 36.0% | 26.1% | 12.4% | -- | -- | 14.3% | Volatility | 9.0% | 9.5% | 13.0% | 13.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 80% |
| MSCI EAFE | 0.71 | 75% |
| MSCI Emg Mkts | 0.50 | 36% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $98,996 |
Technical Indicators
| Recent close | $45.61 |
| 30d moving avg. | $44.33 |
| Annualized volatility | 14.4% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SIXA |
Expenses vs. SIXA |
ALTAR Score™ vs. SIXA |
|---|---|---|---|---|
| EQWL | Invesco S&P 100 Equal Weight ETF | 53.6% | -55 bp | +0.7% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 43.1% | -52 bp | +0.1% |
| MGV | Vanguard Mega Cap Value ETF | 42.6% | -73 bp | +0.6% |
| OEF | iShares S&P 100 ETF | 40.8% | -60 bp | -0.9% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 39.5% | -65 bp | +0.0% |
| DTD | WisdomTree U.S. Total Dividend Fund | 38.8% | -52 bp | +0.3% |
| USMC | Principal U.S. Mega-Cap ETF | 38.1% | -68 bp | -1.2% |
| DGRO | iShares Core Dividend Growth ETF | 37.4% | -72 bp | +0.6% |
| IWX | iShares Russell Top 200 Value ETF | 37.3% | -60 bp | +0.4% |
| EPS | WisdomTree U.S. LargeCap Fund | 36.8% | -72 bp | +0.3% |
Risk and Returns: SIXA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/23/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SIXA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SIXA
5.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. SIXA's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places SIXA in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SIXASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| SIXA (80 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIXA | 80.0 | 11.4 | 91.4 |
| Peer Avg. | 56.6 | 23.0 | 79.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .