XLVI vs. TLTX

Last updated Jun 5, 2026

XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. XLVI charges 0.35%/yr vs 0.29%/yr for TLTX.

Performance

XLVI vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLVI achieves a 1.35% return, which is significantly higher than TLTX's 0.25% return.

XLVI

• 1D: 2.03%
• 1M: 4.01%
• YTD: 1.35%
• 6M: 3.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLVI vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	1.35%	12.79%
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	2.74%

Correlation

The correlation between XLVI and TLTX is 0.22, 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	0.22

Return for Risk

XLVI vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). 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.

Sharpe Ratios by Period

	XLVI	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	0.70	+0.84

Drawdowns

XLVI vs. TLTX - Drawdown Comparison

The maximum XLVI drawdown since its inception was -8.14%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for XLVI and TLTX.

Drawdown Indicators

	XLVI	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-6.35%	-1.79%
Current Drawdown Current decline from peak	-2.08%	-3.46%	+1.38%
Average Drawdown Average peak-to-trough decline	-1.95%	-2.27%	+0.32%

Volatility

Volatility by Period

	XLVI	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	9.14%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	9.14%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	9.14%	+1.98%

XLVI vs. TLTX - Expense Ratio Comparison

XLVI has a 0.35% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

XLVI vs. TLTX - Dividend Comparison

XLVI's dividend yield for the trailing twelve months is around 11.30%, less than TLTX's 15.70% yield.

Position	TTM	2025
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.30%	5.73%

Frequently Asked Questions

Can I hold both XLVI and TLTX in my portfolio?

XLVI and TLTX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLVI or TLTX?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLVI or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.35% for XLVI.

Which ETF pays a higher dividend yield, XLVI or TLTX?

TLTX has the higher dividend yield at 15.70%, compared with 11.30% for XLVI.

What is the main difference between XLVI and TLTX?

XLVI is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XLVI and 0.29% for TLTX.