XLVI vs. XLE
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. XLVI is actively managed, while XLE is passively managed. At a correlation of -0.02, they often move in opposite directions. XLVI charges 0.35%/yr vs 0.08%/yr for XLE.
Performance
XLVI vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, XLVI achieves a 2.99% return, which is significantly lower than XLE's 21.47% return.
XLVI
- 1D
- 0.48%
- 1M
- 2.64%
- YTD
- 2.99%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLE
- 1D
- -1.63%
- 1M
- -9.30%
- YTD
- 21.47%
- 6M
- 22.40%
- 1Y
- 30.11%
- 3Y*
- 15.10%
- 5Y*
- 18.36%
- 10Y*
- 9.19%
XLVI vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | 2.99% | 12.41% |
XLE State Street Energy Select Sector SPDR ETF | 21.47% | 2.25% |
Correlation
The correlation between XLVI and XLE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.02 |
XLVI vs. XLE - Sectors Allocation Comparison
Sectors
XLVI
XLE
Financial Services
-
Healthcare
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Financial Services
XLVI
XLE
-
Healthcare
XLVI
XLE
-
Basic Materials
XLVI
-
XLE
-
Communication Services
XLVI
-
XLE
-
Consumer Cyclical
XLVI
-
XLE
-
Consumer Defensive
XLVI
-
XLE
-
Energy
XLVI
-
XLE
Industrials
XLVI
-
XLE
-
Real Estate
XLVI
-
XLE
-
Technology
XLVI
-
XLE
-
Utilities
XLVI
-
XLE
-
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Return for Risk
XLVI vs. XLE — Risk / Return Rank
XLVI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLE
XLVI vs. XLE - 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 Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.15 | — |
| Martin ratioReturn relative to average drawdown | — | 6.33 | — |
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Drawdowns
XLVI vs. XLE - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for XLVI and XLE.
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Drawdown Indicators
| XLVI | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -71.26% | +63.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -0.49% | -13.75% | +13.26% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -17.96% | +16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.77% | — |
Volatility
XLVI vs. XLE - Volatility Comparison
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Volatility by Period
| XLVI | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 20.83% | -9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 25.99% | -14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 29.60% | -18.55% |
XLVI vs. XLE - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
XLVI vs. XLE - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.12%, more than XLE's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLE State Street Energy Select Sector SPDR ETF | 2.83% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
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 XLE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLE is cheaper with a 0.08% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.12%, compared with 2.83% for XLE.
XLVI is categorized as Derivative Income, while XLE is Energy Equities. Their fees differ too: 0.35% for XLVI and 0.08% for XLE.
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