PBPH vs. XLVI

Last updated Jun 4, 2026

PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PBPH is a Health & Biotech Equities fund tracking the BITA Global Pharma and Biotech Select Index, while XLVI is a Derivative Income fund actively managed by State Street. PBPH is passively managed, while XLVI is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. PBPH charges 0.13%/yr vs 0.35%/yr for XLVI.

Performance

PBPH vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) 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, PBPH achieves a -1.13% return, which is significantly lower than XLVI's -0.67% return.

PBPH

• 1D: 0.58%
• 1M: 0.07%
• YTD: -1.13%
• 6M: -0.02%
• 1Y: —
• 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)

PBPH vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	-1.13%	0.76%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	0.81%

Correlation

The correlation between PBPH and XLVI is 0.86, 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 Nov 26, 2025	0.86

Return for Risk

PBPH vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block World Pharma and Biotech Index ETF (PBPH) 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

	PBPH	XLVI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	1.33	-1.37

Drawdowns

PBPH vs. XLVI - Drawdown Comparison

The maximum PBPH drawdown since its inception was -11.10%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for PBPH and XLVI.

Drawdown Indicators

	PBPH	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-11.10%	-8.14%	-2.96%
Current Drawdown Current decline from peak	-8.69%	-4.02%	-4.67%
Average Drawdown Average peak-to-trough decline	-4.23%	-1.95%	-2.28%

Volatility

Volatility by Period

	PBPH	XLVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	10.94%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	10.94%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	10.94%	+5.84%

PBPH vs. XLVI - Expense Ratio Comparison

PBPH has a 0.13% expense ratio, which is lower than XLVI's 0.35% expense ratio.

Dividends

PBPH vs. XLVI - Dividend Comparison

PBPH's dividend yield for the trailing twelve months is around 0.09%, less than XLVI's 11.53% yield.

Position	TTM	2025
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.53%	5.73%

Frequently Asked Questions

Can I hold both PBPH and XLVI in my portfolio?

PBPH and XLVI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBPH or XLVI?

On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBPH or XLVI?

PBPH is cheaper with a 0.13% expense ratio, compared with 0.35% for XLVI.

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

XLVI has the higher dividend yield at 11.53%, compared with 0.09% for PBPH.

What is the main difference between PBPH and XLVI?

PBPH is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Portfolio Building Block and State Street. Their fees differ too: 0.13% for PBPH and 0.35% for XLVI.