Fund Description |
A quantitively-driven strategy emphasizing low beta stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked according to their beta. In 1972, Fischer Black published an academic paper describing how the security market line (the line equating stock performance to systematic risk) was too flat relative to what existing theory (Capital Asset Pricing Model, or CAPM) had proposed. Stocks with low betas performed better than what was predicted by the CAPM and stocks with high betas did not perform well enough to justify their additional risks. |
Fund Profile |
Fund Name |
6 Meridian Low Beta Equity Strategy ETF |
Fund Exchange Ticker |
SIXL |
Fund Sponsor |
Exchange Traded Concepts |
Fund ISIN |
US3015056993 |
Net Expense Ratio |
0.84 % |
Fund Inception Date |
11 May 2020 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
NYSE Arca |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Broad Market & Size |
Asset Class |
Equities (Stocks) |
Index Linked |
Active |
Index Name |
Not Applicable |
Index Provider |
Not Applicable |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Broad Market / Multi-Cap |
Growth Value |
Core / Blend |
Continent |
North America |
Key Statistics |
Return As of Date |
21 January 2021 |
Asset Under Management |
0.00 Million (USD) |
1 Month Total Return |
4.47 % |
Year To Date Return |
4.10 % |
1 Year Total Return |
|
3 Year Annualized Total Return |
|
NAV |
|
Share Outstanding |
|