JDOC vs. XLVI

Last updated Aug 4, 2026

JDOC (Jpmorgan Healthcare Leaders ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - JDOC is a Health & Biotech Equities fund actively managed by JPMorgan, while XLVI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, JDOC returned 23.57% vs 22.96% for XLVI. Their correlation of 0.88 means they have usually moved in the same direction. JDOC charges 0.65%/yr vs 0.35%/yr for XLVI.

Performance

JDOC vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Healthcare Leaders ETF (JDOC) 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, JDOC achieves a 4.29% return, which is significantly lower than XLVI's 6.89% return.

JDOC

• 1D: -0.50%
• 1M: -2.51%
• 6M: 2.15%
• YTD: 4.29%
• 1Y: 23.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.54%

XLVI

• 1D: -0.20%
• 1M: 0.97%
• 6M: 6.00%
• YTD: 6.89%
• 1Y: 22.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JDOC Jpmorgan Healthcare Leaders ETF	$21.20K	$19.99K	$31.46K
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	$940.40K	$699.80K	$484.44K

JDOC vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
JDOC Jpmorgan Healthcare Leaders ETF	4.29%	16.23%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	6.89%	12.41%

Correlation

The correlation between JDOC and XLVI is 0.88, 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.	0.88
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.88

The correlation between JDOC and XLVI has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

JDOC vs. XLVI - Sectors Allocation Comparison

Sectors	JDOC	XLVI
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.6%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

JDOC vs. XLVI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JDOC

JDOC Risk / Return Rank: 63
JDOC Sharpe Ratio Rank: 65
JDOC Sortino Ratio Rank: 73
JDOC Omega Ratio Rank: 61
JDOC Calmar Ratio Rank: 65
JDOC Martin Ratio Rank: 51

XLVI

XLVI Risk / Return Rank: 80
XLVI Sharpe Ratio Rank: 85
XLVI Sortino Ratio Rank: 89
XLVI Omega Ratio Rank: 87
XLVI Calmar Ratio Rank: 75
XLVI Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JDOC vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Healthcare Leaders ETF (JDOC) 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.

	JDOC	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.15	-0.55
Sortino ratio: Return per unit of downside risk	2.53	3.23	-0.70
Omega ratio: Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	2.44	2.83	-0.39
Martin ratio: Return relative to average drawdown	6.25	8.00	-1.75

JDOC vs. XLVI - Sharpe Ratio Comparison

The current JDOC Sharpe Ratio is 1.60, which is comparable to the XLVI Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JDOC and XLVI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDOC vs. XLVI - Drawdown Comparison

The maximum JDOC drawdown since its inception was -20.87%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for JDOC and XLVI.

Drawdown Indicators

	JDOC	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-8.14%	-12.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-8.14%	-1.54%
Current Drawdown Current decline from peak	-3.07%	-1.66%	-1.41%
Average Drawdown Average peak-to-trough decline	-6.72%	-1.78%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.88%	+0.90%

Volatility

JDOC vs. XLVI - Volatility Comparison

Jpmorgan Healthcare Leaders ETF (JDOC) has a higher volatility of 4.64% compared to State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) at 3.36%. This indicates that JDOC'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.

Volatility by Period

	JDOC	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.36%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	8.73%	+2.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	10.75%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	11.04%	+3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.69%	11.04%	+3.65%

JDOC vs. XLVI - Expense Ratio Comparison

JDOC has a 0.65% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

JDOC vs. XLVI - Dividend Comparison

JDOC's dividend yield for the trailing twelve months is around 0.85%, less than XLVI's 12.76% yield.

Position	TTM	2025	2024	2023
JDOC Jpmorgan Healthcare Leaders ETF	0.85%	0.89%	5.57%	0.15%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	12.76%	5.73%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDOC and XLVI in my portfolio?

JDOC and XLVI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDOC or XLVI?

JDOC has higher volatility (4.64%) compared to XLVI (3.36%). In terms of maximum drawdown, JDOC dropped -20.87% vs XLVI's -8.14%.

Which ETF is better, JDOC or XLVI?

On 1-year performance, JDOC leads with 23.57% vs 22.96% for XLVI. On fees, XLVI is cheaper at 0.35% per year. On volatility, XLVI has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDOC or XLVI?

Over the 1-year period, JDOC has performed better with a 23.57% return vs 22.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDOC or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.65% for JDOC.

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

XLVI has the higher dividend yield at 12.76%, compared with 0.85% for JDOC.

What is the main difference between JDOC and XLVI?

JDOC is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.65% for JDOC and 0.35% for XLVI.

Which has better risk-adjusted returns?

XLVI currently has the higher Sharpe Ratio (2.15 vs 1.60), 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.