RSPH vs. XLVI

Last updated Aug 2, 2026

RSPH (Invesco S&P 500 Equal Weight Health Care ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - RSPH is a Health & Biotech Equities fund tracking the S&P 500 Equal Weighted / Health Care -SEC, while XLVI is a Derivative Income fund actively managed by State Street. RSPH is passively managed, while XLVI is actively managed. Over the past year, RSPH returned 25.63% vs 23.20% for XLVI. Their correlation of 0.81 means they have usually moved in the same direction. RSPH charges 0.40%/yr vs 0.35%/yr for XLVI.

Performance

RSPH vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Health Care ETF (RSPH) 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, RSPH achieves a 9.56% return, which is significantly higher than XLVI's 7.10% return.

RSPH

• 1D: -0.43%
• 1M: 0.70%
• 6M: 8.20%
• YTD: 9.56%
• 1Y: 25.63%
• 3Y*: 6.05%
• 5Y*: 3.14%
• 10Y*: 8.73%
• ALL TIME*: 10.98%

XLVI

• 1D: -0.18%
• 1M: 1.17%
• 6M: 6.83%
• YTD: 7.10%
• 1Y: 23.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.35%

*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)
RSPH Invesco S&P 500 Equal Weight Health Care ETF	$2.33M	$3.63M	$4.82M
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	$951.77K	$684.72K	$477.94K

RSPH vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
RSPH Invesco S&P 500 Equal Weight Health Care ETF	9.56%	9.86%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	7.10%	12.41%

Correlation

The correlation between RSPH and XLVI is 0.80, 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.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.81

The correlation between RSPH and XLVI has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

RSPH vs. XLVI - Sectors Allocation Comparison

Sectors	RSPH	XLVI
Healthcare	96.6%	100.0%
Technology	1.8%	-
Financial Services	0.1%	100.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RSPH vs. XLVI — Risk / Return Rank

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

RSPH

RSPH Risk / Return Rank: 66
RSPH Sharpe Ratio Rank: 70
RSPH Sortino Ratio Rank: 75
RSPH Omega Ratio Rank: 67
RSPH Calmar Ratio Rank: 67
RSPH Martin Ratio Rank: 51

XLVI

XLVI Risk / Return Rank: 84
XLVI Sharpe Ratio Rank: 90
XLVI Sortino Ratio Rank: 92
XLVI Omega Ratio Rank: 90
XLVI Calmar Ratio Rank: 81
XLVI Martin Ratio Rank: 68

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.

RSPH vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) 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.

	RSPH	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.25	-0.65
Sortino ratio: Return per unit of downside risk	2.41	3.37	-0.95
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	2.34	2.96	-0.62
Martin ratio: Return relative to average drawdown	5.96	8.37	-2.41

RSPH vs. XLVI - Sharpe Ratio Comparison

The current RSPH Sharpe Ratio is 1.60, which is comparable to the XLVI Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of RSPH 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

RSPH vs. XLVI - Drawdown Comparison

The maximum RSPH drawdown since its inception was -40.49%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for RSPH and XLVI.

Drawdown Indicators

	RSPH	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-40.49%	-8.14%	-32.35%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-8.14%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.44%	—	—
Current Drawdown Current decline from peak	-1.22%	-1.46%	+0.24%
Average Drawdown Average peak-to-trough decline	-6.11%	-1.78%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.87%	+1.40%

Volatility

RSPH vs. XLVI - Volatility Comparison

Invesco S&P 500 Equal Weight Health Care ETF (RSPH) has a higher volatility of 5.90% compared to State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) at 3.38%. This indicates that RSPH'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

	RSPH	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	3.38%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	8.73%	+3.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	11.07%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.55%	11.05%	+5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	11.05%	+6.74%

RSPH vs. XLVI - Expense Ratio Comparison

RSPH has a 0.40% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

RSPH vs. XLVI - Dividend Comparison

RSPH's dividend yield for the trailing twelve months is around 0.67%, less than XLVI's 11.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPH Invesco S&P 500 Equal Weight Health Care ETF	0.67%	0.70%	0.71%	0.66%	0.64%	0.50%	0.51%	0.54%	0.53%	0.47%	0.48%	0.49%
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

Can I hold both RSPH and XLVI in my portfolio?

RSPH and XLVI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPH or XLVI?

RSPH has higher volatility (5.90%) compared to XLVI (3.38%). In terms of maximum drawdown, RSPH dropped -40.49% vs XLVI's -8.14%.

Which ETF is better, RSPH or XLVI?

On 1-year performance, RSPH leads with 25.63% vs 23.20% for XLVI. 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.

Which ETF has performed better, RSPH or XLVI?

Over the 1-year period, RSPH has performed better with a 25.63% return vs 23.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPH or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.40% for RSPH.

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

XLVI has the higher dividend yield at 11.80%, compared with 0.67% for RSPH.

What is the main difference between RSPH and XLVI?

RSPH is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for RSPH and 0.35% for XLVI.

Which has better risk-adjusted returns?

XLVI currently has the higher Sharpe Ratio (2.25 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.