ETC 6 Competition
| SIXH Etf | USD 42.11 -0.12 -0.28% |
ETC 6 vs IShares Oil Correlation Overview
Almost no diversification
Across the chosen horizon, SIXH and IEO show a correlation of 0.94 and fall into the Almost no diversification bucket. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving together with ETC Etf
Moving against ETC Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETC 6's price to converge to an average value over time is called mean reversion.
ETC 6 Competition Correlation Matrix
Correlation analysis between ETC 6 Meridian and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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ETC 6 Constituents Risk-Adjusted Indicators
There is a big difference between ETC Etf performing well and ETC 6 ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ETC 6's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIXA | 0.43 | 0.09 | 0.26 | 0.24 | 0.33 | 0.89 | 2.24 | |||
| BALI | 0.46 | 0.03 | 0.10 | 0.02 | 0.55 | 0.72 | 2.58 | |||
| BKDV | 0.60 | 0.04 | 0.06 | 0.01 | 0.80 | 0.90 | 3.71 | |||
| BRNY | 0.68 | -0.01 | 0.00 | -0.07 | 0.00 | 1.03 | 3.60 | |||
| JPSE | 0.74 | 0.05 | 0.06 | 0.02 | 0.92 | 1.37 | 4.52 | |||
| DWLD | 0.68 | -0.01 | 0.00 | -0.06 | 0.00 | 1.29 | 4.55 | |||
| DWX | 0.48 | 0.09 | 0.13 | 0.27 | 0.83 | 1.10 | 4.05 | |||
| TVAL | 0.52 | 0.08 | 0.12 | 0.07 | 0.70 | 1.04 | 3.19 | |||
| ELM | 0.40 | 0.06 | 0.15 | 0.09 | 0.47 | 0.73 | 3.05 | |||
| IEO | 1.34 | 0.39 | 0.28 | 1.69 | 1.18 | 3.17 | 5.98 |
ETC 6 Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
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 helps determine 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.