BBH vs. XLVI

Last updated Jun 4, 2026

BBH (VanEck Vectors Biotech ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BBH is a Health & Biotech Equities fund tracking the MVIS US Listed Biotech 25 Index, while XLVI is a Derivative Income fund actively managed by State Street. BBH is passively managed, while XLVI is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

BBH vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Biotech ETF (BBH) 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

In the year-to-date period, BBH achieves a -1.85% return, which is significantly lower than XLVI's -0.67% return.

BBH

• 1D: 2.22%
• 1M: 0.09%
• YTD: -1.85%
• 6M: -5.32%
• 1Y: 23.92%
• 3Y*: 6.14%
• 5Y*: 0.31%
• 10Y*: 5.75%

XLVI

• 1D: 0.67%
• 1M: 2.30%
• YTD: -0.67%
• 6M: 0.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBH vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
BBH VanEck Vectors Biotech ETF	-1.85%	16.15%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%

Correlation

The correlation between BBH and XLVI is 0.76, 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 Jul 31, 2025	0.76

BBH vs. XLVI - Sectors Allocation Comparison

Sectors	BBH	XLVI
Healthcare	99.9%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.6%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBH vs. XLVI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBH

BBH Risk / Return Rank: 37
BBH Sharpe Ratio Rank: 35
BBH Sortino Ratio Rank: 35
BBH Omega Ratio Rank: 33
BBH Calmar Ratio Rank: 46
BBH Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBH vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Biotech ETF (BBH) 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.

	BBH	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.26	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.28	—	—
Martin ratio: Return relative to average drawdown	5.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBH	XLVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.33	-0.94

Drawdowns

BBH vs. XLVI - Drawdown Comparison

The maximum BBH drawdown since its inception was -72.70%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for BBH and XLVI.

Drawdown Indicators

	BBH	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-72.70%	-8.14%	-64.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.86%	—	—
Current Drawdown Current decline from peak	-13.81%	-4.02%	-9.79%
Average Drawdown Average peak-to-trough decline	-20.75%	-1.95%	-18.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	BBH	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	10.94%	+8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	10.94%	+10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.17%	10.94%	+11.23%

BBH vs. XLVI - Expense Ratio Comparison

Both BBH and XLVI have an expense ratio of 0.35%.

Dividends

BBH vs. XLVI - Dividend Comparison

BBH's dividend yield for the trailing twelve months is around 0.51%, less than XLVI's 11.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBH VanEck Vectors Biotech ETF	0.51%	0.51%	0.80%	0.43%	0.47%	0.21%	0.36%	0.34%	0.50%	0.55%	0.30%	0.27%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.53%	5.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBH and XLVI in my portfolio?

BBH and XLVI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBH or XLVI?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBH or XLVI?

BBH and XLVI have the same expense ratio: 0.35% per year.

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

XLVI has the higher dividend yield at 11.53%, compared with 0.51% for BBH.

What is the main difference between BBH and XLVI?

BBH is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: VanEck and State Street.