JDOC vs. XLVI

Last updated Jun 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. Their correlation of 0.89 suggests significant overlap in exposure. 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 -4.49% return, which is significantly lower than XLVI's -0.67% return.

JDOC

• 1D: 0.50%
• 1M: 0.16%
• YTD: -4.49%
• 6M: -4.39%
• 1Y: 12.36%
• 3Y*: —
• 5Y*: —
• 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)

JDOC vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
JDOC Jpmorgan Healthcare Leaders ETF	-4.49%	16.42%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%

Correlation

The correlation between JDOC and XLVI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.89

JDOC vs. XLVI - Sectors Allocation Comparison

Sectors	JDOC	XLVI
Healthcare	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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JDOC

JDOC Risk / Return Rank: 26
JDOC Sharpe Ratio Rank: 25
JDOC Sortino Ratio Rank: 26
JDOC Omega Ratio Rank: 24
JDOC Calmar Ratio Rank: 27
JDOC Martin Ratio Rank: 25

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.

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.

	JDOC	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	0.88	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.28	—	—
Martin ratio: Return relative to average drawdown	3.34	—	—
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

	JDOC	XLVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.33	-0.79

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%	—	—
Current Drawdown Current decline from peak	-7.47%	-4.02%	-3.45%
Average Drawdown Average peak-to-trough decline	-6.98%	-1.95%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	—	—

Volatility

Volatility by Period

	JDOC	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	10.94%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	10.94%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	10.94%	+3.38%

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 0.93%, less than XLVI's 11.53% yield.

Position	TTM	2025	2024	2023
JDOC Jpmorgan Healthcare Leaders ETF	0.93%	0.89%	5.57%	0.15%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.53%	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 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JDOC 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, 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 11.53%, compared with 0.93% 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.