HTEC vs. XLVI

Last updated Jun 4, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index, while XLVI is a Derivative Income fund actively managed by State Street. HTEC is passively managed, while XLVI is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. HTEC charges 0.68%/yr vs 0.35%/yr for XLVI.

Performance

HTEC vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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, HTEC achieves a -2.96% return, which is significantly lower than XLVI's -0.67% return.

HTEC

• 1D: 0.67%
• 1M: 3.12%
• YTD: -2.96%
• 6M: -3.90%
• 1Y: 26.68%
• 3Y*: 5.17%
• 5Y*: -4.88%
• 10Y*: —

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)

HTEC vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
HTEC ROBO Global Healthcare Technology and Innovation ETF	-2.96%	24.40%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%

Correlation

The correlation between HTEC and XLVI is 0.64, 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	0.64

HTEC vs. XLVI - Sectors Allocation Comparison

Sectors	HTEC	XLVI
Healthcare	77.3%	-
Financial Services	3.9%	100.6%
Technology	3.7%	-
Industrials	1.3%	-
Energy	1.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HTEC vs. XLVI — Risk / Return Rank

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

HTEC

HTEC Risk / Return Rank: 34
HTEC Sharpe Ratio Rank: 36
HTEC Sortino Ratio Rank: 38
HTEC Omega Ratio Rank: 33
HTEC Calmar Ratio Rank: 33
HTEC Martin Ratio Rank: 29

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.

HTEC vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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.

	HTEC	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.64	—	—
Martin ratio: Return relative to average drawdown	4.07	—	—
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

	HTEC	XLVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.33	-1.12

Drawdowns

HTEC vs. XLVI - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for HTEC and XLVI.

Drawdown Indicators

	HTEC	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-8.14%	-49.39%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	—	—
Current Drawdown Current decline from peak	-33.25%	-4.02%	-29.23%
Average Drawdown Average peak-to-trough decline	-28.99%	-1.95%	-27.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	—	—

Volatility

Volatility by Period

	HTEC	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	10.94%	+9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	10.94%	+13.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	10.94%	+14.52%

HTEC vs. XLVI - Expense Ratio Comparison

HTEC has a 0.68% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

HTEC vs. XLVI - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 1.01%, less than XLVI's 11.53% yield.

Position	TTM	2025	2024	2023	2022	2021
HTEC ROBO Global Healthcare Technology and Innovation ETF	1.01%	0.98%	0.00%	0.00%	0.00%	0.05%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.53%	5.73%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HTEC and XLVI in my portfolio?

HTEC and XLVI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HTEC 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, HTEC or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.68% for HTEC.

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

XLVI has the higher dividend yield at 11.53%, compared with 1.01% for HTEC.

What is the main difference between HTEC and XLVI?

HTEC is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Exchange Traded Concepts and State Street. Their fees differ too: 0.68% for HTEC and 0.35% for XLVI.