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6 Meridian Mega Cap Equity ETF (SIXA)



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Upturn Advisory Summary
04/01/2025: SIXA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 8.57% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 77826 | Beta 0.73 | 52 Weeks Range 38.72 - 47.62 | Updated Date 04/2/2025 |
52 Weeks Range 38.72 - 47.62 | Updated Date 04/2/2025 |
Upturn AI SWOT
6 Meridian Mega Cap Equity ETF
ETF Overview
Overview
The 6 Meridian Mega Cap Equity ETF (SIXP) seeks to provide investment results that correspond generally to the performance, before fees and expenses, of the 6 Meridian Mega Cap Index. It primarily invests in mega-cap U.S. equities, aiming for long-term capital appreciation.
Reputation and Reliability
6 Meridian is a smaller issuer, and its ETFs may have shorter track records compared to larger, more established firms. Reputation within the ETF market is still developing.
Management Expertise
Information on specific management team expertise for SIXP may be limited and requires further research.
Investment Objective
Goal
The primary investment goal is to replicate the performance of the 6 Meridian Mega Cap Index, focusing on long-term capital appreciation.
Investment Approach and Strategy
Strategy: The ETF aims to track the 6 Meridian Mega Cap Index. A passive investment strategy.
Composition The ETF primarily holds stocks of mega-cap U.S. companies.
Market Position
Market Share: Market share data for SIXP is not readily available due to its relatively small size compared to major competitors.
Total Net Assets (AUM): Data unavailable.
Competitors
Key Competitors
- SPDR S&P 500 ETF Trust (SPY)
- iShares Core S&P 500 ETF (IVV)
- Vanguard S&P 500 ETF (VOO)
Competitive Landscape
The mega-cap equity ETF market is dominated by ETFs like SPY, IVV, and VOO. SIXP faces challenges in gaining significant market share due to its smaller size and potentially higher expense ratio compared to these established, low-cost competitors. Advantages may include a slightly different weighting methodology within its tracked index, if any, that could offer modest differentiation.
Financial Performance
Historical Performance: Historical performance data requires further research and data retrieval from financial data providers.
Benchmark Comparison: Performance compared to its benchmark requires historical performance data to be retrieved and compared.
Expense Ratio: Data unavailable.
Liquidity
Average Trading Volume
The average trading volume for SIXP is expected to be relatively low compared to larger, more established ETFs like SPY.
Bid-Ask Spread
Due to lower trading volume, the bid-ask spread for SIXP is likely to be wider compared to more liquid ETFs.
Market Dynamics
Market Environment Factors
Economic indicators, market sentiment towards mega-cap stocks, and overall market conditions influence SIXP's performance. Factors that benefit large-cap equities generally will favor this ETF.
Growth Trajectory
Growth trends depend on the ETF's ability to attract assets and the performance of its underlying index. Changes to the index or investment strategy would influence its trajectory.
Moat and Competitive Advantages
Competitive Edge
SIXP's competitive edge, if any, would rely on the unique construction of the 6 Meridian Mega Cap Index. It needs a differentiated strategy to attract assets away from established competitors. Superior performance and lower expense ratios could potentially create a competitive edge. Further research is needed to analyze the differences in weighting and selection methodology to determine any significant advantages.
Risk Analysis
Volatility
Volatility will be similar to other mega-cap equity ETFs tracking the S&P 500 or similar indices.
Market Risk
SIXP is subject to market risk, meaning the value of its holdings can decline due to broad market downturns or specific risks associated with the mega-cap companies it holds.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking exposure to mega-cap U.S. equities and willing to consider a smaller, less liquid ETF. Investors comfortable with potentially higher expense ratios are also suitable.
Market Risk
SIXP may be suitable for long-term investors seeking capital appreciation but should be considered as a smaller portion of a diversified portfolio due to potential liquidity constraints.
Summary
6 Meridian Mega Cap Equity ETF (SIXP) seeks to mirror the performance of the 6 Meridian Mega Cap Index by investing in mega-cap U.S. equities. Its primary challenge is its relatively small size and lower liquidity compared to established mega-cap ETFs. Investors should weigh the potential benefits of its index construction against the potential risks of lower liquidity and potentially higher expense ratios. Further research is necessary to determine if SIXP offers a unique investment proposition compared to its larger competitors.
Similar Companies
DIA

SPDR Dow Jones Industrial Average ETF Trust


DIA

SPDR Dow Jones Industrial Average ETF Trust
IVV

iShares Core S&P 500 ETF


IVV

iShares Core S&P 500 ETF
QQQ

Invesco QQQ Trust


QQQ

Invesco QQQ Trust
SPY

SPDR S&P 500 ETF Trust


SPY

SPDR S&P 500 ETF Trust
VOO

Vanguard S&P 500 ETF


VOO

Vanguard S&P 500 ETF
Sources and Disclaimers
Data Sources:
- ETF.com
- Yahoo Finance
- Company Fact Sheets (where available)
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Data is based on available information and may not be entirely accurate or complete. Market share and other financial data are estimates based on the available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About 6 Meridian Mega Cap Equity ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in mega capitalization equity securities. The Sub-Adviser considers mega capitalization companies to be the largest 10% of stocks included in the Russell 3000 Index by market capitalization. The equity securities in which it invests are mainly common stocks. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.