Which paid more, EIPI or XLVI?

Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting price in cash and XLVI paid 13.0%, so XLVI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, EIPI or XLVI?

With every distribution reinvested, EIPI returned +21.8% and XLVI +20.7% over the year to Nov 4, 2026.

Which is cheaper, EIPI or XLVI?

EIPI charges 1.11% a year and XLVI charges 0.35%, so XLVI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

EIPI vs XLVI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, XLVI paid 13.0% of its price in cash against EIPI’s 7.7%, though EIPI returned more with it reinvested.

askIQ about this page

askIQ about EIPI and XLVI

Net assets on Nov 3, 2026: $1.1bn for FT Energy Income Partners Enhanced Income ETF and $38m for State Street Health Care Select Sector SPDR Premium Income ETF.

EIPI on its own →XLVI on its own →

At a glance

7.7%

EIPI cash paid, 1 year

13.0%

XLVI cash paid, 1 year

+21.8%

EIPI total return, 1 year

+20.7%

XLVI total return, 1 year

EIPI · 1 year to Nov 4, 2026 3.8 pts behind its own holdings

EIPI

+21.8%

Own

+25.6%

3.8 pts behind its own holdings

EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

its own holdings

+25.6%

EIPI

+21.8%

7.7% as cash

3.8 pts behind its own holdings

Total return, distributions reinvested

3.8 pts behind its own holdings

EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

its own holdings

+25.6%

EIPI

+21.8%

3.8 pts behind its own holdings

7.7% of it arrived as cash. Total return, distributions reinvested. EIPI over 1 year: paid 7.7%, price +13.7%, total +21.8%, its own holdings +25.6%, −3.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XLVI · 1 year to Nov 4, 2026 12.2 pts behind XLV

XLVI

+20.7%

XLV

+32.9%

12.2 pts behind XLV

XLVI over 1 year: paid 13.0%, price +6.1%, total +20.7%, XLV +32.9%, −12.2 pts. Data to Nov 4, 2026.

XLV

+32.9%

XLVI

+20.7%

13.0% of it arrived as cash

12.2 pts behind XLV

Total return, distributions reinvested

12.2 pts behind XLV

XLVI over 1 year: paid 13.0%, price +6.1%, total +20.7%, XLV +32.9%, −12.2 pts. Data to Nov 4, 2026.

XLV

+32.9%

XLVI

+20.7%

12.2 pts behind XLV

13.0% of it arrived as cash. Both charts share one scale, 0 to +32.9%. XLVI over 1 year: paid 13.0%, price +6.1%, total +20.7%, XLV +32.9%, −12.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +32.9%. Data to Nov 4, 2026.

Pair scorecard

XLVI costs 0.76 points a year less; their one-year returns differ by 1.1 points; EIPI is far larger, $1.1bn against $38m.

Points (pts) are percentage points.

EIPI vs XLVI: Dividend Yield & Total Return
Measure	EIPI	XLVI
Paid and earned
Measure	EIPI	XLVI
Total return, 1 year	+21.8%	+20.7%
Price change, 1 year	rose 13.7%	rose 6.1%
Return of capital, issuer estimate	0% of the Oct 30, 2026 payment	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	EIPI	XLVI
Benchmark	its own holdings	Health care sector, measured through XLV
Cost and size
Measure	EIPI	XLVI
Expense ratio	1.11%	0.35%
Net assets, as of Nov 3, 2026	$1.1bn	$38m
Holdings
Measure	EIPI	XLVI
Holdings in common	0%

ETFIQ Distribution Coverage Score · EIPI scores higher How much of what it paid out did its total return cover?

IQ Income Score95.5EIPI79.3XLVI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

EIPI 95.5

XLVI 79.3

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Aug 8, 2025 to Oct 30, 2026 · 64 weekly returns

EIPI XLVI

Return

Total return edge XLVI +26.9% +32.2%

Annualized edge XLVI +21.4% +25.5%

Price return edge EIPI +16.2% +13.5%

Risk

Volatility edge XLVI (slight) 11.5% 10.8%

Max drawdown edge EIPI −4.9% −8.1%

Risk-adjusted

Sharpe edge XLVI 1.41 1.80

Sortino edge XLVI 2.26 2.93

Calmar edge EIPI 4.37 3.13

Reading

From Aug 2025 to Oct 2026, XLVI returned more: +32.2% to +26.9%. XLVI swung slightly less: 10.8% to 11.5%. EIPI fell less at its worst: −4.9% to −8.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: EIPI vs XLVI: Dividend Yield & Total Return
Measure	EIPI	XLVI	Edge	How it is measured
Return
Total return	+26.9%	+32.2%	XLVI	Price change plus distributions, reinvested.
Annualized	+21.4%	+25.5%	XLVI	Total return as a yearly rate.
Price return	+16.2%	+13.5%	EIPI	Price change alone, distributions left out.
Risk
Volatility	11.5%	10.8%	XLVI (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.2%	6.7%	XLVI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.9%	−8.1%	EIPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.41	1.80	XLVI	Return above Treasury bills per unit of volatility.
Sortino	2.26	2.93	XLVI	Return above Treasury bills per unit of downside deviation.
Calmar	4.37	3.13	EIPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 64 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, EIPI and XLVI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EIPI XLVI

Only in one fund ↓

Only in EIPI

Enterprise Products Partners L.P. 8.56%

Energy Transfer LP 6.48%

MPLX LP 4.47%

Kinder Morgan, Inc. 3.97%

ExxonMobil Holdings Corp. 3.53%

ONEOK, Inc. 3.03%

Shell plc (ADR) 2.79%

Duke Energy Corporation 2.58%

Only in XLVI

STATE STREET HEALTH CARE SELEC 103.76%

STATE STREET HEALTH CARE SELEC NOV26 183 CALL -0.03%

STATE STREET HEALTH CARE SELEC NOV26 189 CALL -0.04%

STATE STREET HEALTH CARE SELEC NOV26 181 CALL -0.04%

STATE STREET HEALTH CARE SELEC NOV26 185 CALL -0.17%

STATE STREET HEALTH CARE SELEC NOV26 175 CALL -0.19%

STATE STREET HEALTH CARE SELEC NOV26 179 CALL -3.29%

Check overlap with more funds →

Side by side

EIPI FT Energy Income Partners Enhanced Income ETF · Covered call on its own holdings, paying monthly XLVI State Street Health Care Select Sector SPDR Premium Income ETF · Covered call on XLV, paying monthly

Issuer First Trust State Street

Strategy covered call covered call

Benchmark EIPI's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) Health care sector (XLV)

Pays monthly monthly

Payout rate, annualized 6.8% 14.0%

Expense ratio 1.11% 0.35%

Cash paid, 1 year 7.7% 13.0%

Price change, 1 year +13.7% +6.1%

Total return, 1 year +21.8% +20.7%

Benchmark return, 1 year +25.6% +32.9%

Ahead or behind −3.8 pts −12.2 pts

Return of capital, latest estimate 0% 100%

Age 2.5 years 1.3 years

Net assets, as of Nov 3, 2026 $1.1bn $38m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: EIPI vs XLVI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	EIPI	XLVI	EIPI	XLVI	EIPI	XLVI
3 months	+2.2%	+6.8%	1.7%	3.5%	+0.3 pts	−9.2 pts
6 months	+2.5%	+18.1%	3.4%	6.5%	+1.1 pts	−13.4 pts
1 year	+21.8%	+20.7%	7.7%	13.0%	−3.7 pts	−12.2 pts
Since launchNot the same days: EIPI May 2024 · XLVI Jul 2025	+49.6%	+29.9%	24.0%	17.2%	not measured	−14.4 pts

Open this comparison in the app →

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

EIPI

Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting value in cash distributions while its price rose 13.7%. With every distribution reinvested, the fund returned +21.8%. EIPI's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +25.6% over the same days, so a holder was behind by 3.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly. First Trust estimates that 0% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XLVI

Over the year to Nov 4, 2026, XLVI paid 13.0% of its starting value in cash distributions while its price rose 6.1%. With every distribution reinvested, the fund returned +20.7%. Health care sector (XLV) returned +32.9% over the same days, so a holder was behind by 12.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.0%, paid monthly. State Street estimates that 100% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, EIPI or XLVI?: Over the year to Nov 4, 2026, EIPI paid 7.7% of its starting price in cash and XLVI paid 13.0%, so XLVI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, EIPI or XLVI?: With every distribution reinvested, EIPI returned +21.8% and XLVI +20.7% over the year to Nov 4, 2026.
Which is cheaper, EIPI or XLVI?: EIPI charges 1.11% a year and XLVI charges 0.35%, so XLVI is cheaper. Fees come from each fund's prospectus.

Other comparisons

EIPI vs XLCI EIPI vs BIOY EIPI vs XLKI EIPI vs SEMY XLVI vs NUKX XLVI vs WEPN XLVI vs XLYI XLVI vs SEMY

Where to next

Health care sector (XLV) →EIPI on its own →XLVI on its own →EIPI dividend history →EIPI holdings →XLVI dividend history →XLVI holdings →Method →Standards and sources →

Sources and dates

EIPI filings on SEC EDGAR ↗

EIPI prospectus with the expense ratio (SEC) ↗

EIPI 19a-1 distribution notice ↗

First Trust page for EIPI ↗

XLVI filings on SEC EDGAR ↗

XLVI prospectus with the expense ratio (SEC) ↗

XLVI 19a-1 distribution notice ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, EIPI against XLVI, data as of Nov 4, 2026. https://etfiq.com/compare/income/eipi-vs-xlvi

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.