SURI vs. XLVI

Last updated Jun 4, 2026

SURI (Simplify Propel Opportunities ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - SURI 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. At a 0.19 correlation, their price movements are largely independent. SURI charges 2.51%/yr vs 0.35%/yr for XLVI.

Performance

SURI vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Propel Opportunities ETF (SURI) 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, SURI achieves a 6.10% return, which is significantly higher than XLVI's -0.67% return.

SURI

• 1D: -1.15%
• 1M: -2.84%
• YTD: 6.10%
• 6M: 3.98%
• 1Y: 32.89%
• 3Y*: 6.93%
• 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)

SURI vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
SURI Simplify Propel Opportunities ETF	6.10%	19.95%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%

Correlation

The correlation between SURI and XLVI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.19

SURI vs. XLVI - Sectors Allocation Comparison

Sectors	SURI	XLVI
Healthcare	56.4%	-
Energy	43.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.6%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SURI vs. XLVI — Risk / Return Rank

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

SURI

SURI Risk / Return Rank: 45
SURI Sharpe Ratio Rank: 41
SURI Sortino Ratio Rank: 42
SURI Omega Ratio Rank: 39
SURI Calmar Ratio Rank: 57
SURI Martin Ratio Rank: 48

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.

SURI vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.

	SURI	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	1.46	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.81	—	—
Martin ratio: Return relative to average drawdown	7.91	—	—
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

	SURI	XLVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.33	-1.18

Drawdowns

SURI vs. XLVI - Drawdown Comparison

The maximum SURI drawdown since its inception was -47.76%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for SURI and XLVI.

Drawdown Indicators

	SURI	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-47.76%	-8.14%	-39.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.76%	—	—
Current Drawdown Current decline from peak	-17.46%	-4.02%	-13.44%
Average Drawdown Average peak-to-trough decline	-17.37%	-1.95%	-15.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	—	—

Volatility

Volatility by Period

	SURI	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	10.94%	+11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.27%	10.94%	+17.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.27%	10.94%	+17.33%

SURI vs. XLVI - Expense Ratio Comparison

SURI has a 2.51% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

SURI vs. XLVI - Dividend Comparison

SURI's dividend yield for the trailing twelve months is around 16.04%, more than XLVI's 11.53% yield.

Position	TTM	2025	2024	2023
SURI Simplify Propel Opportunities ETF	16.04%	16.31%	21.41%	14.71%
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 SURI and XLVI in my portfolio?

SURI and XLVI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SURI 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, SURI or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 2.51% for SURI.

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

SURI has the higher dividend yield at 16.04%, compared with 11.53% for XLVI.

What is the main difference between SURI and XLVI?

SURI 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: 2.51% for SURI and 0.35% for XLVI.