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 0.39 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 -0.67% return, which is significantly lower than SPYM's 10.98% return.
XLVI
- 1D
- 0.67%
- 1M
- 2.30%
- YTD
- -0.67%
- 6M
- 0.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYM
- 1D
- -0.66%
- 1M
- 5.06%
- YTD
- 10.98%
- 6M
- 10.98%
- 1Y
- 28.09%
- 3Y*
- 22.46%
- 5Y*
- 13.91%
- 10Y*
- 15.62%
XLVI vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | -0.67% | 12.79% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 10.98% | 8.11% |
Correlation
The correlation between XLVI and SPYM is 0.39, 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 31, 2025 | 0.39 |
XLVI vs. SPYM - Sectors Allocation Comparison
Sectors
XLVI
SPYM
Financial Services
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
XLVI
SPYM
Basic Materials
XLVI
-
SPYM
Communication Services
XLVI
-
SPYM
Consumer Cyclical
XLVI
-
SPYM
Consumer Defensive
XLVI
-
SPYM
Energy
XLVI
-
SPYM
Healthcare
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
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XLVI | SPYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.39 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.62 | +0.71 |
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 | -4.02% | -0.66% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -7.15% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.91% | — |
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 | — | 2.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.80% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 16.80% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 18.00% | -7.06% |
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 11.53%, more than SPYM's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.00% | 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 | 11.53% | 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 0.39, 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 11.53%, compared with 1.00% 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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