ASD vs. XLVI

Last updated Jul 1, 2026

ASD (Defiance Autism Impact ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - ASD is a Health & Biotech Equities fund managed by Defiance, while XLVI is a Derivative Income fund actively managed by State Street. A 0.61 correlation means they provide meaningful diversification when combined. ASD charges 0.79%/yr vs 0.35%/yr for XLVI.

Performance

ASD vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Autism Impact ETF (ASD) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASD

• 1D: 0.51%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLVI

• 1D: -0.14%
• 1M: 4.90%
• YTD: 5.15%
• 6M: 4.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASD vs. XLVI - Yearly Performance Comparison

	2026 (YTD)
ASD Defiance Autism Impact ETF	9.64%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	5.78%

Correlation

The correlation between ASD and XLVI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 2, 2026	0.61

Return for Risk

ASD vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Autism Impact ETF (ASD) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ASD vs. XLVI - Drawdown Comparison

The maximum ASD drawdown since its inception was -2.42%, smaller than the maximum XLVI drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for ASD and XLVI.

Drawdown Indicators

	ASD	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-2.42%	-8.14%	+5.72%
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.78%	-1.90%	+1.12%

Volatility

Volatility by Period

	ASD	XLVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	11.04%	+6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	11.04%	+6.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	11.04%	+6.21%

ASD vs. XLVI - Expense Ratio Comparison

ASD has a 0.79% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

ASD vs. XLVI - Dividend Comparison

ASD's dividend yield for the trailing twelve months is around 0.02%, less than XLVI's 10.89% yield.

Position	TTM	2025
ASD Defiance Autism Impact ETF	0.02%	0.00%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	10.89%	5.73%

Frequently Asked Questions

Can I hold both ASD and XLVI in my portfolio?

ASD and XLVI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASD or XLVI?

On fees, XLVI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASD or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.79% for ASD.

Which ETF pays a higher dividend yield, ASD or XLVI?

XLVI has the higher dividend yield at 10.89%, compared with 0.02% for ASD.

What is the main difference between ASD and XLVI?

ASD is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Defiance and State Street. Their fees differ too: 0.79% for ASD and 0.35% for XLVI.