XLVI vs. GLDM
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while GLDM is a Gold fund tracking the LBMA Gold Price PM. XLVI is actively managed, while GLDM is passively managed. At a 0.19 correlation, their price movements are largely independent. XLVI charges 0.35%/yr vs 0.10%/yr for GLDM.
Performance
XLVI vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, XLVI achieves a 2.99% return, which is significantly higher than GLDM's -7.59% return.
XLVI
- 1D
- 0.48%
- 1M
- 2.64%
- YTD
- 2.99%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDM
- 1D
- -3.01%
- 1M
- -11.57%
- YTD
- -7.59%
- 6M
- -11.06%
- 1Y
- 19.86%
- 3Y*
- 27.48%
- 5Y*
- 17.40%
- 10Y*
- —
XLVI vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 2.99% | 12.41% |
GLDM SPDR Gold MiniShares Trust | -7.59% | 29.64% |
Correlation
The correlation between XLVI and GLDM 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 30, 2025 | 0.19 |
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Return for Risk
XLVI vs. GLDM — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDM
XLVI vs. GLDM - 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 SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.76 | — |
| Martin ratioReturn relative to average drawdown | — | 2.17 | — |
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Drawdowns
XLVI vs. GLDM - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum GLDM drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for XLVI and GLDM.
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Drawdown Indicators
| XLVI | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -26.11% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.11% | — |
Current DrawdownCurrent decline from peak | -0.49% | -26.11% | +25.62% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -6.33% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.19% | — |
Volatility
XLVI vs. GLDM - Volatility Comparison
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Volatility by Period
| XLVI | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 27.53% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 18.20% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 17.05% | -6.00% |
XLVI vs. GLDM - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
XLVI vs. GLDM - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.12%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 11.12% | 5.73% |
Frequently Asked Questions
XLVI and GLDM 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.
On fees, GLDM is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.12%, compared with 0.00% for GLDM.
XLVI is categorized as Derivative Income, while GLDM is Gold. Their fees differ too: 0.35% for XLVI and 0.10% for GLDM.
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