ETC 6 Competition

SIXH ETF

USD 42.06 0.10 0.24%

The peer set for ETC 6 Meridian commonly includes 6 Meridian, BNY Mellon, JPMorgan Diversified, Davis Select, and SPDR SAMPP. Free cash flow margins across ETC 6's peer group separate capital-light operators from heavy spenders.

ETC 6 vs IShares Oil Correlation Summary

Strong inverse diversification

ETC 6 currently posts a -0.39 correlation with IShares Oil, indicating a Strong inverse diversification relationship for the active sample. A -0.39 reading means ETC 6 and IShares Oil have partial price overlap, providing moderate risk reduction when paired.

Moving Against ETC 6 ETF

0.34	VXZ	iPath Series B	Pair Corr
0.33	VIXM	ProShares VIX Mid	Pair Corr

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Experienced market participants anticipate that ETC 6's price will even out over time. Periods when ETC 6's deviates significantly from its historical mean may warrant further fundamental analysis.

Sentiment

Range

Low	Sentiment	High
41.46	42.06	42.66

Details

Intrinsic

Valuation

Low	Intrinsic	High
39.38	39.98	46.27

Details

Naive

Forecast

Low	Next	High
41.61	42.21	42.82

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
41.32	42.01	42.70

Details

Competitive analysis for ETC 6 compares its financial performance and valuation metrics against sector peers. Cross-sectional comparison separates idiosyncratic performance from sector-level dynamics.

ETC 6 Competition Correlation Matrix

Studying peer correlation around ETC 6 Meridian provides a cleaner read on how much independent price behavior still exists across the competitive set. When interpreted alongside fundamentals, correlation analysis separates broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.

	SIXA	BALI	BKDV	BRNY	JPSE	DWLD	DWX	TVAL	ELM	IEO
SIXA		0.0	0.9	0.0	0.86	0.89	0.73	0.93	0.94	-0.45	SIXA
BALI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BALI
BKDV	0.9	0.0		0.0	0.97	0.9	0.64	0.98	0.91	-0.33	BKDV
BRNY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BRNY
JPSE	0.86	0.0	0.97	0.0		0.82	0.52	0.98	0.84	-0.17	JPSE
DWLD	0.89	0.0	0.9	0.0	0.82		0.77	0.86	0.97	-0.64	DWLD
DWX	0.73	0.0	0.64	0.0	0.52	0.77		0.61	0.82	-0.74	DWX
TVAL	0.93	0.0	0.98	0.0	0.98	0.86	0.61		0.91	-0.26	TVAL
ELM	0.94	0.0	0.91	0.0	0.84	0.97	0.82	0.91		-0.6	ELM
IEO	-0.45	0.0	-0.33	0.0	-0.17	-0.64	-0.74	-0.26	-0.6		IEO
	SIXA	BALI	BKDV	BRNY	JPSE	DWLD	DWX	TVAL	ELM	IEO

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High positive correlations

TVAL	+ 0.98	BKDV
TVAL	+ 0.98	JPSE
JPSE	+ 0.97	BKDV
ELM	+ 0.97	DWLD
ELM	+ 0.94	SIXA
TVAL	+ 0.93	SIXA

High negative correlations

IEO	- 0.74	DWX
IEO	- 0.64	DWLD
IEO	- 0.6	ELM
IEO	- 0.45	SIXA
IEO	- 0.33	BKDV
IEO	- 0.26	TVAL

ETC 6 Constituents Risk-Adjusted Indicators

Strong recent returns in ETC 6 ETF do not always mean ETC 6 ETF is outperforming peers on business quality. Risk-adjusted metrics help compare ETC 6's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIXA	0.51	0.05	0.07	-0.69	0.47	-0.61	1.31	-0.85	3.17
BALI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKDV	0.65	0.07	0.08	-1.96	0.70	-0.78	1.82	-1.35	3.98
BRNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPSE	0.82	0.13	0.10	-38.15	0.98	-0.83	2.12	-1.74	4.72
DWLD	0.85	0.03	0.02	-0.75	1.09	-0.90	1.65	-1.98	4.55
DWX	0.66	0.01	0.01	-0.21	1.01	-0.62	1.47	-1.68	3.86
TVAL	0.60	0.10	0.11	13.64	0.65	-0.64	1.62	-1.24	3.28
ELM	0.60	0.04	0.04	3.17	0.72	-0.68	1.37	-1.54	3.60
IEO	1.28	0.34	0.15	-0.77	1.58	-1.27	2.86	-2.77	7.94

ETC 6 Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	SIXH	SIXA	BKDV	JPSE	DWLD
	0.24 42.06 ETC 6	0.77 54.64 SIXA	1.14 31.97 BNY Mellon	1.56 58.07 JPMorgan	0.79 47.06 Davis Select
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Soft	Contained	Moderate	Moderate	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Above Model Estimate	Above Model Estimate	Above Model Estimate	Above Model Estimate	Above Model Estimate
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Sell	Strong Sell	Strong Sell	Strong Sell
Equity Positions Weight	96.12 %	99.66 %	N/A	99.65 %	100.00 %
Three Year Return	11.80 %	20.60 %	N/A	16.00 %	21.70 %
Net Asset	265.2 M	143.56 M	N/A	238.44 M	227.47 M
Price To Sales TTM	N/A	N/A	N/A	1.11 X	N/A
Price To Book TTM	N/A	N/A	N/A	2.31 X	N/A
Five Year Return	10.10 %	12.70 %	N/A	7.80 %	7.00 %
Trailing Beta	0.15	0.62	N/A	1.07	0.99
One Year Return	12.10 %	18.20 %	31.80 %	39.00 %	27.20 %
Last Dividend Paid	0.0609	0.0689	N/A	0.11	0.57
Price To Earnings TTM	N/A	N/A	N/A	20.71 X	N/A
Day Typical Price	42.07	54.56	31.93	57.9	47.05
Accumulation Distribution	0.0052	0.0068	0.0084	0.0124	0.0089
Market Facilitation Index	0.22	0.37	0.27	0.72	0.42
Daily Balance Of Power	0.4545	1.135135	1.333333	1.236111	0.881
Period Momentum Indicator	0.1	0.42	0.36	0.89	0.37
Rate Of Daily Change	1.0	1.01	1.01	1.02	1.01
Day Median Price	42.07	54.53	31.92	57.81	47.04
Price Action Indicator	0.04	0.32	0.23	0.7	0.21
Relative Strength Index	51.44	59.94	61.89	62.93	56.32
Coefficient Of Variation	3560.36	1151.84	1115.97	792.28	2895.56
Mean Deviation	0.461	0.5099	0.6463	0.8249	0.8518
Jensen Alpha	0.0076	0.0496	0.0693	0.1259	0.0288
Total Risk Alpha	0.0025	0.0441	0.0626	0.118	0.0203
Sortino Ratio	-0.0002	0.0744	0.0759	0.1042	0.0184
Downside Variance	0.2861	0.3189	0.6678	1.3	1.37
Standard Deviation	0.6038	0.6804	0.8827	1.08	1.11
Kurtosis	0.3811	1.6	0.9385	-0.02	0.3539
Potential Upside	1.2	1.31	1.82	2.12	1.65
Treynor Ratio	-0.08	-0.69	-1.96	-38.15	-0.75
Maximum Drawdown	2.43	3.17	3.98	4.72	4.55
Variance	0.3646	0.4629	0.7791	1.16	1.24
Market Risk Adjusted Performance	-0.07	-0.68	-1.95	-38.14	-0.74
Risk Adjusted Performance	0.0211	0.0793	0.0852	0.1223	0.0346
Skewness	0.5801	0.7315	0.3502	0.0279	-0.15
Semi Deviation	0.4934	0.4709	0.6988	0.9839	1.09
Information Ratio	-0.0002	0.0618	0.0703	0.1104	0.0192
Value At Risk	-0.79	-0.85	-1.35	-1.74	-1.98
Expected Short fall	-0.54	-0.61	-0.78	-0.83	-0.90
Downside Deviation	0.5349	0.5647	0.8172	1.14	1.17
Semi Variance	0.2434	0.2218	0.4883	0.968	1.19

ETC 6 Competition Peer Performance Charts

How to Analyze ETC 6 Against Peers

ETC 6's peer analysis compares ETC 6 with related companies to put valuation, quality, and risk metrics in context. This establishes whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether ETC 6 trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where ETC 6 leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

ETC 6's beta is lower than the peer group average, meaning its stock tends to swing less during broad market moves. Relative comparison helps show where ETC 6 is stronger or weaker against peers.

ETC 6 Meridian figures are aggregated from fund disclosures and market reference feeds and normalized across reporting formats.

Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board