XLVI vs. XLK
XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - XLVI is a Derivative Income fund actively managed by State Street, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. XLVI is actively managed, while XLK is passively managed. At a 0.13 correlation, their price movements are largely independent. XLVI charges 0.35%/yr vs 0.08%/yr for XLK.
Performance
XLVI vs. XLK - 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 XLK's 36.47% return.
XLVI
- 1D
- 0.67%
- 1M
- 2.30%
- YTD
- -0.67%
- 6M
- 0.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -1.00%
- 1M
- 21.09%
- YTD
- 36.47%
- 6M
- 35.71%
- 1Y
- 66.93%
- 3Y*
- 33.90%
- 5Y*
- 23.83%
- 10Y*
- 25.84%
XLVI vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLVI State Street Health Care Select Sector SPDR Premium Income ETF | -0.67% | 12.79% |
XLK State Street Technology Select Sector SPDR ETF | 36.47% | 9.09% |
Correlation
The correlation between XLVI and XLK is 0.13, 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 | 0.13 |
XLVI vs. XLK - Sectors Allocation Comparison
Sectors
XLVI
XLK
Financial Services
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
Utilities
-
-
Financial Services
XLVI
XLK
-
Basic Materials
XLVI
-
XLK
-
Communication Services
XLVI
-
XLK
-
Consumer Cyclical
XLVI
-
XLK
-
Consumer Defensive
XLVI
-
XLK
-
Energy
XLVI
-
XLK
Healthcare
XLVI
-
XLK
-
Industrials
XLVI
-
XLK
Real Estate
XLVI
-
XLK
-
Technology
XLVI
-
XLK
Utilities
XLVI
-
XLK
-
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Return for Risk
XLVI vs. XLK — Risk / Return Rank
XLVI
XLK
XLVI vs. XLK - 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 Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.24 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.42 | +0.91 |
Drawdowns
XLVI vs. XLK - Drawdown Comparison
The maximum XLVI drawdown since its inception was -8.14%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for XLVI and XLK.
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Drawdown Indicators
| XLVI | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.14% | -82.05% | +73.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.92% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -4.02% | -1.00% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -34.96% | +33.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.74% | — |
Volatility
XLVI vs. XLK - Volatility Comparison
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Volatility by Period
| XLVI | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 20.82% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 24.90% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 24.49% | -13.55% |
XLVI vs. XLK - Expense Ratio Comparison
XLVI has a 0.35% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
XLVI vs. XLK - Dividend Comparison
XLVI's dividend yield for the trailing twelve months is around 11.53%, more than XLK's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 0.39% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
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 XLK have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.35% for XLVI.
XLVI has the higher dividend yield at 11.53%, compared with 0.39% for XLK.
XLVI is categorized as Derivative Income, while XLK is Technology Equities. Their fees differ too: 0.35% for XLVI and 0.08% for XLK.
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