XLVI vs. DJP
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while DJP is a Commodities fund tracking the Bloomberg Commodity Index. XLVI is actively managed, while DJP is passively managed. At a correlation of -0.16, they often move in opposite directions. XLVI charges 0.35%/yr vs 0.70%/yr for DJP.
Performance
XLVI vs. DJP - 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 DJP's 23.08% return.
XLVI
- 1D
- 1.77%
- 1M
- 3.84%
- 6M
- 5.18%
- YTD
- 6.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- -1.20%
- 1M
- 1.74%
- 6M
- 17.82%
- YTD
- 23.08%
- 1Y
- 32.88%
- 3Y*
- 13.81%
- 5Y*
- 11.31%
- 10Y*
- 6.81%
XLVI vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 6.29% | 12.41% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 23.08% | 7.98% |
Correlation
The correlation between XLVI and DJP is -0.16, 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 | -0.16 |
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Return for Risk
XLVI vs. DJP — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DJP
XLVI vs. DJP - 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 iPath Bloomberg Commodity Index Total Return ETN (DJP). 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 | DJP | 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 | — | 2.01 | — |
| Martin ratioReturn relative to average drawdown | — | 6.53 | — |
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Drawdowns
XLVI vs. DJP - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for XLVI and DJP.
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Drawdown Indicators
| XLVI | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -78.35% | +70.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | 0.00% | -36.70% | +36.70% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -50.78% | +48.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.05% | — |
Volatility
XLVI vs. DJP - Volatility Comparison
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Volatility by Period
| XLVI | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 19.47% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 19.02% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 17.05% | -5.99% |
XLVI vs. DJP - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
XLVI vs. DJP - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.89%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 11.89% | 5.73% |
Frequently Asked Questions
XLVI and DJP have a correlation of -0.16, 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 0.70% for DJP.
XLVI has the higher dividend yield at 11.89%, compared with 0.00% for DJP.
XLVI is categorized as Derivative Income, while DJP is Commodities. They also come from different issuers: State Street and Barclays Capital. Their fees differ too: 0.35% for XLVI and 0.70% for DJP.
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