ULTI vs. XLVI
ULTI (REX IncomeMax Option Strategy ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. ULTI charges 1.25%/yr vs 0.35%/yr for XLVI.
Performance
ULTI vs. XLVI - Performance Comparison
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Returns By Period
In the year-to-date period, ULTI achieves a -12.35% return, which is significantly lower than XLVI's 6.74% return.
ULTI
- 1D
- 3.80%
- 1M
- -18.69%
- 6M
- -23.16%
- YTD
- -12.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XLVI
- 1D
- -0.14%
- 1M
- 0.83%
- 6M
- 6.83%
- YTD
- 6.74%
- 1Y
- 21.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $651.44K | $766.06K | $1.11M | |
| $947.35K | $690.77K | $487.17K |
ULTI vs. XLVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | -12.35% | -38.67% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 6.74% | 5.21% |
Correlation
The correlation between ULTI and XLVI is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | -0.08 |
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Return for Risk
ULTI vs. XLVI — Risk / Return Rank
ULTI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLVI
ULTI vs. XLVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) 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.
| ULTI | XLVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.61 | — |
| Martin ratioReturn relative to average drawdown | — | 7.38 | — |
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Drawdowns
ULTI vs. XLVI - Drawdown Comparison
The maximum ULTI drawdown since its inception was -54.23%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for ULTI and XLVI.
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Drawdown Indicators
| ULTI | XLVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.23% | -8.14% | -46.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.14% | — |
Current DrawdownCurrent decline from peak | -46.25% | -1.80% | -44.45% |
Average DrawdownAverage peak-to-trough decline | -29.84% | -1.78% | -28.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.88% | — |
Volatility
ULTI vs. XLVI - Volatility Comparison
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Volatility by Period
| ULTI | XLVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.64% | 10.73% | +50.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.64% | 11.02% | +50.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.64% | 11.02% | +50.62% |
ULTI vs. XLVI - Expense Ratio Comparison
ULTI has a 1.25% expense ratio, which is higher than XLVI's 0.35% expense ratio.
Dividends
ULTI vs. XLVI - Dividend Comparison
ULTI's dividend yield for the trailing twelve months is around 94.80%, more than XLVI's 12.78% yield.
| Position | TTM | 2025 |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | 94.80% | 14.96% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 12.78% | 5.73% |
Frequently Asked Questions
ULTI and XLVI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XLVI is cheaper with a 0.35% expense ratio, compared with 1.25% for ULTI.
ULTI has the higher dividend yield at 94.80%, compared with 12.78% for XLVI.
They also come from different issuers: REX Shares and State Street. Their fees differ too: 1.25% for ULTI and 0.35% for XLVI.
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