XLVI vs. WEEL

Last updated Jun 4, 2026

XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. XLVI charges 0.35%/yr vs 0.99%/yr for WEEL.

Performance

XLVI vs. WEEL - 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 Peerless Option Income Wheel ETF (WEEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLVI achieves a -0.67% return, which is significantly lower than WEEL's 5.22% return.

XLVI

• 1D: 0.67%
• 1M: 2.30%
• YTD: -0.67%
• 6M: 0.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEL

• 1D: -0.40%
• 1M: 0.96%
• YTD: 5.22%
• 6M: 5.75%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLVI vs. WEEL - Yearly Performance Comparison

	2026 (YTD)	2025
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	-0.67%	12.79%
WEEL Peerless Option Income Wheel ETF	5.22%	8.30%

Correlation

The correlation between XLVI and WEEL is 0.34, 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	0.34

XLVI vs. WEEL - Sectors Allocation Comparison

Sectors	XLVI	WEEL
Financial Services	100.6%	4.0%
Basic Materials	-	16.7%
Communication Services	-	13.8%
Consumer Cyclical	-	20.3%
Consumer Defensive	-	2.2%
Energy	-	5.6%
Healthcare	-	16.8%
Industrials	-	3.7%
Real Estate	-	1.1%
Technology	-	15.5%
Utilities	-	0.2%

Return for Risk

XLVI vs. WEEL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEEL

WEEL Risk / Return Rank: 84
WEEL Sharpe Ratio Rank: 78
WEEL Sortino Ratio Rank: 86
WEEL Omega Ratio Rank: 85
WEEL Calmar Ratio Rank: 82
WEEL Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLVI vs. WEEL - 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 Peerless Option Income Wheel ETF (WEEL). 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	WEEL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.01	+0.32

Drawdowns

XLVI vs. WEEL - Drawdown Comparison

The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum WEEL drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for XLVI and WEEL.

Drawdown Indicators

	XLVI	WEEL	Difference
Max Drawdown Largest peak-to-trough decline	-8.14%	-17.45%	+9.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.60%	—
Current Drawdown Current decline from peak	-4.02%	-0.40%	-3.62%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.45%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	XLVI	WEEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	8.01%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.94%	12.84%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	12.84%	-1.90%

XLVI vs. WEEL - Expense Ratio Comparison

XLVI has a 0.35% expense ratio, which is lower than WEEL's 0.99% expense ratio.

Dividends

XLVI vs. WEEL - Dividend Comparison

XLVI's dividend yield for the trailing twelve months is around 11.53%, less than WEEL's 12.46% yield.

Position	TTM	2025	2024
WEEL Peerless Option Income Wheel ETF	12.46%	12.72%	6.88%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.53%	5.73%	0.00%

Frequently Asked Questions

Can I hold both XLVI and WEEL in my portfolio?

XLVI and WEEL have a correlation of 0.34, 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 WEEL?

On fees, XLVI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLVI or WEEL?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.99% for WEEL.

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

WEEL has the higher dividend yield at 12.46%, compared with 11.53% for XLVI.

What is the main difference between XLVI and WEEL?

They also come from different issuers: State Street and Peerless ETFs. Their fees differ too: 0.35% for XLVI and 0.99% for WEEL.