IXJ vs. XLVI
IXJ (iShares Global Healthcare ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IXJ is a Health & Biotech Equities fund tracking the S&P Global 1200 Health Care (Sector) Capped Index, while XLVI is a Derivative Income fund actively managed by State Street. IXJ is passively managed, while XLVI is actively managed. Over the past year, IXJ returned 21.78% vs 23.20% for XLVI. Their correlation of 0.93 means they have usually moved in the same direction. IXJ charges 0.40%/yr vs 0.35%/yr for XLVI.
Performance
IXJ vs. XLVI - Performance Comparison
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Returns By Period
In the year-to-date period, IXJ achieves a 3.85% return, which is significantly lower than XLVI's 7.10% return.
IXJ
- 1D
- -0.97%
- 1M
- -1.26%
- 6M
- 2.41%
- YTD
- 3.85%
- 1Y
- 21.78%
- 3Y*
- 7.07%
- 5Y*
- 4.53%
- 10Y*
- 8.22%
- ALL TIME*
- 7.37%
XLVI
- 1D
- -0.18%
- 1M
- 1.17%
- 6M
- 6.83%
- YTD
- 7.10%
- 1Y
- 23.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.06M | $16.61M | $23.38M | |
| $951.77K | $684.72K | $477.94K |
IXJ vs. XLVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXJ iShares Global Healthcare ETF | 3.85% | 14.28% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 7.10% | 12.41% |
Correlation
The correlation between IXJ and XLVI is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.93 |
The correlation between IXJ and XLVI has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
IXJ vs. XLVI - Sectors Allocation Comparison
Sectors
IXJ
XLVI
Healthcare
Consumer Defensive
-
Technology
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Healthcare
IXJ
XLVI
Consumer Defensive
IXJ
XLVI
-
Technology
IXJ
XLVI
-
Basic Materials
IXJ
-
XLVI
-
Communication Services
IXJ
-
XLVI
-
Consumer Cyclical
IXJ
-
XLVI
-
Energy
IXJ
-
XLVI
-
Financial Services
IXJ
-
XLVI
Industrials
IXJ
-
XLVI
-
Real Estate
IXJ
-
XLVI
-
Utilities
IXJ
-
XLVI
-
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Return for Risk
IXJ vs. XLVI — Risk / Return Rank
IXJ
XLVI
IXJ vs. XLVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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.
| IXJ | XLVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.96 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.99 | 8.37 | -3.38 |
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Drawdowns
IXJ vs. XLVI - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for IXJ and XLVI.
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Drawdown Indicators
| IXJ | XLVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -8.14% | -32.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -8.14% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -1.46% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -1.78% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 2.87% | +1.65% |
Volatility
IXJ vs. XLVI - Volatility Comparison
iShares Global Healthcare ETF (IXJ) has a higher volatility of 5.66% compared to State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) at 3.38%. This indicates that IXJ's price experiences larger fluctuations and is considered to be riskier than XLVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXJ | XLVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 3.38% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 8.73% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 11.07% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 11.05% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 11.05% | +4.69% |
IXJ vs. XLVI - Expense Ratio Comparison
IXJ has a 0.40% expense ratio, which is higher than XLVI's 0.35% expense ratio.
Dividends
IXJ vs. XLVI - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.44%, less than XLVI's 11.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.44% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 11.80% | 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
With a correlation of 0.93, IXJ and XLVI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IXJ has higher volatility (5.66%) compared to XLVI (3.38%). In terms of maximum drawdown, IXJ dropped -40.60% vs XLVI's -8.14%.
On 1-year performance, XLVI leads with 23.20% vs 21.78% for IXJ. On fees, XLVI is cheaper at 0.35% per year. On volatility, XLVI has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLVI has performed better with a 23.20% return vs 21.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLVI is cheaper with a 0.35% expense ratio, compared with 0.40% for IXJ.
XLVI has the higher dividend yield at 11.80%, compared with 1.44% for IXJ.
IXJ is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IXJ and 0.35% for XLVI.
XLVI currently has the higher Sharpe Ratio (2.25 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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