CAPE vs SIXA
DoubleLine Shiller CAPE US Equities ETF vs ETC 6 Meridian Mega Cap Equity ETF
Which is better, CAPE or SIXA?
SIXA has been ahead.
SIXA has a lower expense ratio. SIXA led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 34.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAPE | SIXA |
|---|---|---|
| Expense Ratio | 0.65% | 0.47%Best |
| AUM | $209M | $540M |
| Dividend Yield | 1.46% | 1.96% |
| Holdings | 182 | 150 |
| YTD Return | +0.19% | +16.78%Best |
| 1Y Return | +0.83% | +19.27%Best |
| 3Y Return (annualized) | +11.60% | +21.22%Best |
| 5Y Return (annualized) | - | +12.90% |
| Volatility (annualized) | 16.7% | 12.4%Best |
| Max Drawdown | -22.1% | -16.7%Best |
| $10,000 over 4.5 years | $13,406 | $17,912Best |
| Top 10 Weight | 29.0%Best | 34.8% |
| Fund Family | DoubleLine Funds | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | May 11, 2020 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs SIXA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CAPE vs SIXA Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an ETF from 6 Meridian ETF. Over the past year CAPE returned +0.83% while SIXA returned +19.27%. Year to date, CAPE is up 0.19% versus a gain of 16.78% for SIXA.
Over three years, CAPE compounded at +11.60% per year against +21.22% for SIXA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 12.4% for SIXA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for CAPE and -16.7% for SIXA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while SIXA charges 0.47%. On a $10,000 position that is $65 vs $47 annually, a gap of $18 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 1.96% for SIXA.
Holdings Overlap
24.9% of CAPE's money is in holdings SIXA also owns. 34.5% of SIXA's money is in holdings CAPE also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 170 positions we hold weights for in CAPE and 50 in SIXA, against full books of 182 and 150.
What only one of them owns
Our book lists 35 positions for SIXA that do not appear in our book for CAPE (65.5% of the fund), and 150 for CAPE that do not appear in SIXA (70.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in SIXA | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.04% | 1.33% | 4.71% |
| MOAltria Group Inc | 1.06% | 5.18% | 4.12% |
| WMTWalmart, Inc. | 2.47% | 2.67% | 0.20% |
| COSTCostco Wholesale Corp. | 2.24% | 2.63% | 0.39% |
| PEPPepsico Inc. | 1.10% | 3.67% | 2.57% |
| PMPhilip Morris International Inc. | 1.56% | 2.69% | 1.13% |
| CLColgate-Palmolive Co | 1.14% | 2.55% | 1.41% |
| MDLZMondelez International Inc Com A Npv | 1.10% | 2.53% | 1.43% |
| AMTAmerican Tower Corporation | 1.01% | 2.51% | 1.50% |
| KOCoca Cola Co. | 1.84% | 1.32% | 0.52% |
34.5% of SIXA is already inside CAPE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAPE or SIXA?
CAPE has an expense ratio of 0.65% while SIXA charges 0.47%. SIXA is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, CAPE or SIXA?
Over the past year CAPE returned +0.83% vs +19.27% for SIXA, so SIXA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or SIXA?
CAPE has been the more volatile fund at 16.7% annualized versus 12.4% for SIXA. Worst drawdown: CAPE -22.1% vs SIXA -16.7%.
Should I hold both CAPE and SIXA?
CAPE and SIXA have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CAPE and SIXA?
34.5% of SIXA's money is in holdings CAPE also owns. 34.5% of SIXA's is in holdings CAPE also owns. They hold 15 positions in common, counted across the 170 positions we hold weights for in CAPE and 50 in SIXA.
Which pays a higher dividend, CAPE or SIXA?
CAPE yields 1.46% while SIXA yields 1.96%, so SIXA currently pays the higher dividend yield.
Is SIXA better than CAPE?
SIXA has a lower expense ratio. SIXA led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 34.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.