XLVI vs. SPYD
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. XLVI is actively managed, while SPYD is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. XLVI charges 0.35%/yr vs 0.07%/yr for SPYD.
Performance
XLVI vs. SPYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLVI achieves a 2.99% return, which is significantly lower than SPYD's 12.86% return.
XLVI
- 1D
- 0.48%
- 1M
- 2.64%
- YTD
- 2.99%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD
- 1D
- 0.27%
- 1M
- 1.28%
- YTD
- 12.86%
- 6M
- 12.37%
- 1Y
- 17.98%
- 3Y*
- 15.26%
- 5Y*
- 7.92%
- 10Y*
- 8.89%
XLVI vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 2.99% | 12.41% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 12.86% | 1.23% |
Correlation
The correlation between XLVI and SPYD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.51 |
XLVI vs. SPYD - Sectors Allocation Comparison
Sectors
XLVI
SPYD
Financial Services
Healthcare
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
XLVI
SPYD
Healthcare
XLVI
SPYD
Basic Materials
XLVI
-
SPYD
Communication Services
XLVI
-
SPYD
Consumer Cyclical
XLVI
-
SPYD
Consumer Defensive
XLVI
-
SPYD
Energy
XLVI
-
SPYD
Industrials
XLVI
-
SPYD
Real Estate
XLVI
-
SPYD
Technology
XLVI
-
SPYD
Utilities
XLVI
-
SPYD
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLVI vs. SPYD — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYD
XLVI vs. SPYD - 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 State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.56 | — |
| Martin ratioReturn relative to average drawdown | — | 7.37 | — |
Loading charts...
Drawdowns
XLVI vs. SPYD - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for XLVI and SPYD.
Loading charts...
Drawdown Indicators
| XLVI | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -46.42% | +38.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.62% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -6.14% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.45% | — |
Volatility
XLVI vs. SPYD - Volatility Comparison
Loading charts...
Volatility by Period
| XLVI | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 11.86% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 16.07% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 19.78% | -8.73% |
XLVI vs. SPYD - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
XLVI vs. SPYD - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.12%, more than SPYD's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.25% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 11.12% | 5.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLVI and SPYD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.12%, compared with 4.25% for SPYD.
XLVI is categorized as Derivative Income, while SPYD is S&P 500. Their fees differ too: 0.35% for XLVI and 0.07% for SPYD.
Find the right allocation for XLVI and SPYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer