XLVI vs. SPYM
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while SPYM is a S&P 500 fund tracking the S&P 500 Index. XLVI is actively managed, while SPYM is passively managed. At a 0.31 correlation, their price movements are largely independent. XLVI charges 0.35%/yr vs 0.02%/yr for SPYM.
Performance
XLVI vs. SPYM - 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 SPYM's 10.74% return.
XLVI
- 1D
- 1.77%
- 1M
- 3.84%
- 6M
- 5.18%
- YTD
- 6.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYM
- 1D
- -0.53%
- 1M
- 0.32%
- 6M
- 9.08%
- YTD
- 10.74%
- 1Y
- 21.71%
- 3Y*
- 20.10%
- 5Y*
- 13.32%
- 10Y*
- 15.19%
XLVI vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 6.29% | 12.41% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 10.74% | 7.98% |
Correlation
The correlation between XLVI and SPYM is 0.31, 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 | 0.31 |
XLVI vs. SPYM - Sectors Allocation Comparison
Sectors
XLVI
SPYM
Financial Services
Healthcare
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
XLVI
SPYM
Healthcare
XLVI
SPYM
Basic Materials
XLVI
-
SPYM
Communication Services
XLVI
-
SPYM
Consumer Cyclical
XLVI
-
SPYM
Consumer Defensive
XLVI
-
SPYM
Energy
XLVI
-
SPYM
Industrials
XLVI
-
SPYM
Real Estate
XLVI
-
SPYM
Technology
XLVI
-
SPYM
Utilities
XLVI
-
SPYM
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Return for Risk
XLVI vs. SPYM — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYM
XLVI vs. SPYM - 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 ETF (SPYM). 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 | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 10.67 | — |
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Drawdowns
XLVI vs. SPYM - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for XLVI and SPYM.
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Drawdown Indicators
| XLVI | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -54.46% | +46.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.88% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -7.12% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.04% | — |
Volatility
XLVI vs. SPYM - Volatility Comparison
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Volatility by Period
| XLVI | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 12.54% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 16.92% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 17.99% | -6.93% |
XLVI vs. SPYM - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
XLVI vs. SPYM - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.89%, more than SPYM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.03% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
XLVI and SPYM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.89%, compared with 1.03% for SPYM.
XLVI is categorized as Derivative Income, while SPYM is S&P 500. Their fees differ too: 0.35% for XLVI and 0.02% for SPYM.
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