Which paid more, XLFI or XLVI?

Over the year to Nov 4, 2026, XLFI paid 10.7% 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, XLFI or XLVI?

With every distribution reinvested, XLFI returned +8.1% and XLVI +20.7% over the year to Nov 4, 2026.

Which is cheaper, XLFI or XLVI?

XLFI and XLVI both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

XLFI vs XLVI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XLVI paid 13.0% of its price in cash against XLFI’s 10.7%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $13m for State Street Financial Select Sector SPDR Premium Income ETF and $38m for State Street Health Care Select Sector SPDR Premium Income ETF.

XLFI on its own →XLVI on its own →

At a glance

10.7%

XLFI cash paid, 1 year

13.0%

XLVI cash paid, 1 year

+8.1%

XLFI total return, 1 year

+20.7%

XLVI total return, 1 year

XLFI · 1 year to Nov 4, 2026 6.6 pts behind XLF

XLFI

+8.1%

XLF

+14.7%

6.6 pts behind XLF

XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 pts. Data to Nov 4, 2026.

XLF

+14.7%

XLFI

+8.1%

10.7% as cash

6.6 pts behind XLF

Total return, distributions reinvested

6.6 pts behind XLF

XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 pts. Data to Nov 4, 2026.

XLF

+14.7%

XLFI

+8.1%

6.6 pts behind XLF

10.7% of it arrived as cash. Total return, distributions reinvested. XLFI over 1 year: paid 10.7%, price −3.2%, total +8.1%, XLF +14.7%, −6.6 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, with zero at the line. XLVI over 1 year: paid 13.0%, price +6.1%, total +20.7%, XLV +32.9%, −12.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 12.6 points; XLVI is 2.9 times larger.

Points (pts) are percentage points.

XLFI vs XLVI: Dividend Yield & Total Return
Measure	XLFI	XLVI
Paid and earned
Measure	XLFI	XLVI
Total return, 1 year	+8.1%	+20.7%
Price change, 1 year	fell 3.2%	rose 6.1%
Return of capital, issuer estimate	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	XLFI	XLVI
Benchmark	Financials sector, measured through XLF	Health care sector, measured through XLV
Cost and size
Measure	XLFI	XLVI
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$13m	$38m
Holdings
Measure	XLFI	XLVI
Holdings in common	0%

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

IQ Income Score45.8XLFI79.3XLVI

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

XLFI 45.8

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

XLFI XLVI

Return

Total return edge XLVI +10.5% +32.2%

Annualized edge XLVI +8.4% +25.5%

Price return edge XLVI −3.7% +13.5%

Risk

Volatility edge Tie 10.9% 10.8%

Max drawdown edge XLVI −11.7% −8.1%

Downside capture 85.3% 70.5%

Beta 0.81 0.60

Risk-adjusted

Sharpe edge XLVI 0.44 1.80

Sortino edge XLVI 0.61 2.93

Treynor 0.060 0.325

Calmar edge XLVI 0.72 3.13

Against the benchmark

Alpha +0.4% a year +2.8% a year

Alpha t-stat 0.14 0.75

Information ratio −0.19 −1.07

Tracking error 3.6% 7.8%

Each against its own benchmark: XLFI against XLF, Aug 8, 2025 to Oct 30, 2026; XLVI against XLV, Aug 8, 2025 to Oct 30, 2026.

Reading

From Aug 2025 to Oct 2026, XLVI returned more: +32.2% to +10.5%. XLFI and XLVI swung about the same: 10.9% and 10.8%. XLVI fell less at its worst: −8.1% to −11.7%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: XLFI vs XLVI: Dividend Yield & Total Return
Measure	XLFI	XLVI	Edge	How it is measured
Return
Total return	+10.5%	+32.2%	XLVI	Price change plus distributions, reinvested.
Annualized	+8.4%	+25.5%	XLVI	Total return as a yearly rate.
Price return	−3.7%	+13.5%	XLVI	Price change alone, distributions left out.
Risk
Volatility	10.9%	10.8%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.0%	6.7%	XLVI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−11.7%	−8.1%	XLVI	Deepest fall from a high to the low after it.
Upside capture	76.2%	56.2%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	85.3%	70.5%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.81	0.60	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.94	0.86	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.44	1.80	XLVI	Return above Treasury bills per unit of volatility.
Sortino	0.61	2.93	XLVI	Return above Treasury bills per unit of downside deviation.
Treynor	0.060	0.325		Return above Treasury bills per unit of beta.
Calmar	0.72	3.13	XLVI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	XLF	XLV		The ETF each fund is measured against.
Alpha	+0.4% a year	+2.8% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.14	0.75	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.5% to +5.2%	−4.6% to +10.2%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.19	−1.07		Return against its benchmark per unit of tracking error.
Tracking error	3.6%	7.8%	Not an edge	How far weekly returns stray from the benchmark, annualized.

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, XLFI 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 XLFI XLVI

Only in one fund ↓

Only in XLFI

STATE STREET FINANCIAL SELECT 102.90%

STATE STREET FINANCIAL SELECT NOV26 58 CALL -0.06%

STATE STREET FINANCIAL SELECT NOV26 57.5 CALL -0.11%

STATE STREET FINANCIAL SELECT NOV26 57 CALL -0.18%

STATE STREET FINANCIAL SELECT NOV26 56 CALL -2.55%

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

XLFI State Street Financial Select Sector SPDR Premium Income ETF · Covered call on XLF, paying monthly XLVI State Street Health Care Select Sector SPDR Premium Income ETF · Covered call on XLV, paying monthly

Issuer State Street State Street

Strategy covered call covered call

Benchmark Financials sector (XLF) Health care sector (XLV)

Pays monthly monthly

Payout rate, annualized 11.0% 14.0%

Expense ratio 0.35% 0.35%

Cash paid, 1 year 10.7% 13.0%

Price change, 1 year −3.2% +6.1%

Total return, 1 year +8.1% +20.7%

Benchmark return, 1 year +14.7% +32.9%

Ahead or behind −6.6 pts −12.2 pts

Return of capital, latest estimate 100% 100%

Age 1.3 years 1.3 years

Net assets, as of Nov 3, 2026 $13m $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: XLFI vs XLVI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	XLFI	XLVI	XLFI	XLVI	XLFI	XLVI
3 months	−0.3%	+6.8%	2.3%	3.5%	−2.7 pts	−9.2 pts
6 months	+9.0%	+18.1%	5.0%	6.5%	−6.0 pts	−13.4 pts
1 year	+8.1%	+20.7%	10.7%	13.0%	−6.6 pts	−12.2 pts
Since launchXLFI Jul 2025 · XLVI Jul 2025	+10.5%	+29.9%	14.1%	17.2%	−4.0 pts	−14.4 pts

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About each fund

XLFI

Over the year to Nov 4, 2026, XLFI paid 10.7% of its starting value in cash distributions while its price fell 3.2%. With every distribution reinvested, the fund returned +8.1%. Financials sector (XLF) returned +14.7% over the same days, so a holder was behind by 6.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.0%, paid monthly. State Street estimates that 100% of the distribution paid Nov 5, 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.

Questions people ask

Which paid more, XLFI or XLVI?: Over the year to Nov 4, 2026, XLFI paid 10.7% 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, XLFI or XLVI?: With every distribution reinvested, XLFI returned +8.1% and XLVI +20.7% over the year to Nov 4, 2026.
Which is cheaper, XLFI or XLVI?: XLFI and XLVI both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

XLFI vs XLKI XLFI vs SEMY XLFI vs NDIV XLFI vs MLPD XLVI vs FINY XLVI vs XLII XLVI vs MLPD XLVI vs NDIV

Where to next

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

Sources and dates

XLFI and XLVI filings on SEC EDGAR ↗

XLFI and XLVI prospectus with the expense ratio (SEC) ↗

XLFI 19a-1 distribution notice ↗

State Street website ↗

XLVI 19a-1 distribution notice ↗

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

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