XLVI vs. COMB
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while COMB is a Commodities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. XLVI charges 0.35%/yr vs 0.25%/yr for COMB.
Performance
XLVI vs. COMB - Performance Comparison
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Returns By Period
In the year-to-date period, XLVI achieves a 6.29% return, which is significantly lower than COMB's 20.23% return.
XLVI
- 1D
- 1.77%
- 1M
- 3.84%
- 6M
- 5.18%
- YTD
- 6.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMB
- 1D
- -1.15%
- 1M
- 1.60%
- 6M
- 15.68%
- YTD
- 20.23%
- 1Y
- 28.78%
- 3Y*
- 12.59%
- 5Y*
- 10.14%
- 10Y*
- —
XLVI vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 6.29% | 12.41% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 20.23% | 7.09% |
Correlation
The correlation between XLVI and COMB is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.17 |
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Return for Risk
XLVI vs. COMB — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
COMB
XLVI vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.
| XLVI | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.95 | — |
| Martin ratioReturn relative to average drawdown | — | 6.35 | — |
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Drawdowns
XLVI vs. COMB - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for XLVI and COMB.
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Drawdown Indicators
| XLVI | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -33.50% | +25.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.32% | +9.32% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -12.04% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.54% | — |
Volatility
XLVI vs. COMB - Volatility Comparison
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Volatility by Period
| XLVI | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 17.50% | -6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 16.73% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 15.15% | -4.09% |
XLVI vs. COMB - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
XLVI vs. COMB - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.89%, more than COMB's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.53% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 11.89% | 5.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLVI and COMB have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMB is cheaper with a 0.25% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.89%, compared with 7.53% for COMB.
XLVI is categorized as Derivative Income, while COMB is Commodities. They also come from different issuers: State Street and GraniteShares. Their fees differ too: 0.35% for XLVI and 0.25% for COMB.
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