PINK vs. XLVI

Last updated Jun 4, 2026

PINK (Simplify Health Care ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PINK is a Health & Biotech Equities fund actively managed by Simplify, while XLVI is a Derivative Income fund actively managed by State Street. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. PINK charges 0.50%/yr vs 0.35%/yr for XLVI.

Performance

PINK vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Health Care ETF (PINK) 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, PINK achieves a 2.39% return, which is significantly higher than XLVI's -0.67% return.

PINK

• 1D: 1.24%
• 1M: 7.28%
• YTD: 2.39%
• 6M: 2.11%
• 1Y: 31.27%
• 3Y*: 14.42%
• 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)

PINK vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
PINK Simplify Health Care ETF	2.39%	23.53%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%

Correlation

The correlation between PINK and XLVI is 0.68, 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	0.68

PINK vs. XLVI - Sectors Allocation Comparison

Sectors	PINK	XLVI
Healthcare	93.1%	-
Industrials	6.9%	-
Financial Services	0.0%	100.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PINK vs. XLVI — Risk / Return Rank

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

PINK

PINK Risk / Return Rank: 44
PINK Sharpe Ratio Rank: 50
PINK Sortino Ratio Rank: 51
PINK Omega Ratio Rank: 46
PINK Calmar Ratio Rank: 38
PINK Martin Ratio Rank: 36

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.

PINK vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) 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.

	PINK	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.50	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.87	—	—
Martin ratio: Return relative to average drawdown	5.62	—	—
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

	PINK	XLVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.33	-0.77

Drawdowns

PINK vs. XLVI - Drawdown Comparison

The maximum PINK drawdown since its inception was -18.77%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for PINK and XLVI.

Drawdown Indicators

	PINK	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-18.77%	-8.14%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-16.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	—	—
Current Drawdown Current decline from peak	-2.84%	-4.02%	+1.18%
Average Drawdown Average peak-to-trough decline	-6.75%	-1.95%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	—	—

Volatility

Volatility by Period

	PINK	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	10.94%	+7.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	10.94%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	10.94%	+6.63%

PINK vs. XLVI - Expense Ratio Comparison

PINK has a 0.50% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

PINK vs. XLVI - Dividend Comparison

PINK's dividend yield for the trailing twelve months is around 0.67%, less than XLVI's 11.53% yield.

Position	TTM	2025	2024	2023	2022	2021
PINK Simplify Health Care ETF	0.67%	0.68%	0.32%	0.94%	0.42%	0.04%
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 PINK and XLVI in my portfolio?

PINK and XLVI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PINK 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, PINK or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.50% for PINK.

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

XLVI has the higher dividend yield at 11.53%, compared with 0.67% for PINK.

What is the main difference between PINK and XLVI?

PINK is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Simplify and State Street. Their fees differ too: 0.50% for PINK and 0.35% for XLVI.