BTEC vs. XLVI

Last updated Jun 5, 2026

BTEC (Principal Healthcare Innovators Index ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BTEC is a Health & Biotech Equities fund tracking the NASDAQ U.S. Health Care Innovators Index, while XLVI is a Derivative Income fund actively managed by State Street. BTEC is passively managed, while XLVI is actively managed. BTEC charges 0.42%/yr vs 0.35%/yr for XLVI.

Performance

BTEC vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Healthcare Innovators Index ETF (BTEC) 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

BTEC

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLVI

• 1D: 2.03%
• 1M: 4.01%
• YTD: 1.35%
• 6M: 3.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTEC vs. XLVI - Yearly Performance Comparison

	2026 (YTD)
BTEC Principal Healthcare Innovators Index ETF	0.00%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.83%

BTEC vs. XLVI - Sectors Allocation Comparison

Sectors	BTEC	XLVI
Healthcare	99.4%	-
Industrials	0.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.6%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BTEC vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Healthcare Innovators Index ETF (BTEC) 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.

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

Sharpe Ratios by Period

	BTEC	XLVI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.54	—

Drawdowns

BTEC vs. XLVI - Drawdown Comparison

The maximum BTEC drawdown since its inception was 0.00%, smaller than the maximum XLVI drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for BTEC and XLVI.

Drawdown Indicators

	BTEC	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-8.14%	+8.14%
Current Drawdown Current decline from peak	0.00%	-2.08%	+2.08%
Average Drawdown Average peak-to-trough decline	0.00%	-1.95%	+1.95%

Volatility

Volatility by Period

	BTEC	XLVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	11.12%	-11.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.12%	-11.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.12%	-11.12%

BTEC vs. XLVI - Expense Ratio Comparison

BTEC has a 0.42% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

BTEC vs. XLVI - Dividend Comparison

BTEC has not paid dividends to shareholders, while XLVI's dividend yield for the trailing twelve months is around 11.30%.

Position	TTM	2025
BTEC Principal Healthcare Innovators Index ETF	0.00%	0.00%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.30%	5.73%

Frequently Asked Questions

Which ETF is better, BTEC 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, BTEC or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.42% for BTEC.

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

XLVI has the higher dividend yield at 11.30%, compared with 0.00% for BTEC.

What is the main difference between BTEC and XLVI?

BTEC is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Principal and State Street. Their fees differ too: 0.42% for BTEC and 0.35% for XLVI.