Which paid more, XLUI or XLVI?

Over the year to Nov 4, 2026, XLUI paid 14.1% of its starting price in cash and XLVI paid 13.0%, so XLUI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, XLUI returned +5.6% and XLVI +20.7% over the year to Nov 4, 2026.

Which is cheaper, XLUI or XLVI?

XLUI 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

XLUI vs XLVI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XLUI paid 14.1% of its price in cash against XLVI’s 13.0%, though XLVI returned more with it reinvested.

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Net assets on Nov 3, 2026: $69m for State Street Utilities Select Sector SPDR Premium Income ETF and $38m for State Street Health Care Select Sector SPDR Premium Income ETF.

XLUI on its own →XLVI on its own →

At a glance

14.1%

XLUI cash paid, 1 year

13.0%

XLVI cash paid, 1 year

+5.6%

XLUI total return, 1 year

+20.7%

XLVI total return, 1 year

XLUI · 1 year to Nov 4, 2026 4.6 pts ahead of XLU

XLUI

+5.6%

XLU

+1.0%

4.6 pts ahead of XLU

XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 pts. Data to Nov 4, 2026.

XLU

+1.0%

XLUI

+5.6%

14.1% as cash

4.6 pts ahead of XLU

Total return, distributions reinvested

4.6 pts ahead of XLU

XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 pts. Data to Nov 4, 2026.

XLU

+1.0%

XLUI

+5.6%

4.6 pts ahead of XLU

14.1% of it arrived as cash. Total return, distributions reinvested. XLUI over 1 year: paid 14.1%, price −8.9%, total +5.6%, XLU +1.0%, +4.6 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 15.1 points; XLUI is 1.8 times larger.

Points (pts) are percentage points.

XLUI vs XLVI: Dividend Yield & Total Return
Measure	XLUI	XLVI
Paid and earned
Measure	XLUI	XLVI
Total return, 1 year	+5.6%	+20.7%
Price change, 1 year	fell 8.9%	rose 6.1%
Return of capital, issuer estimate	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	XLUI	XLVI
Benchmark	Utilities sector, measured through XLU	Health care sector, measured through XLV
Cost and size
Measure	XLUI	XLVI
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$69m	$38m
Holdings
Measure	XLUI	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 Score33.2XLUI79.3XLVI

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

XLUI 33.2

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

XLUI XLVI

Return

Total return edge XLVI +6.5% +32.2%

Annualized edge XLVI +5.3% +25.5%

Price return edge XLVI −10.2% +13.5%

Risk

Volatility edge XLVI 12.1% 10.8%

Max drawdown edge XLVI −11.9% −8.1%

Downside capture 79.2% 70.5%

Beta 0.71 0.60

Risk-adjusted

Sharpe edge XLVI 0.17 1.80

Sortino edge XLVI 0.23 2.93

Treynor 0.029 0.325

Calmar edge XLVI 0.44 3.13

Against the benchmark

Alpha +1.3% a year +2.8% a year

Alpha t-stat 0.43 0.75

Information ratio 0.18 −1.07

Tracking error 6.0% 7.8%

Each against its own benchmark: XLUI against XLU, 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 +6.5%. XLVI swung less: 10.8% to 12.1%. XLVI fell less at its worst: −8.1% to −11.9%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: XLUI vs XLVI: Dividend Yield & Total Return
Measure	XLUI	XLVI	Edge	How it is measured
Return
Total return	+6.5%	+32.2%	XLVI	Price change plus distributions, reinvested.
Annualized	+5.3%	+25.5%	XLVI	Total return as a yearly rate.
Price return	−10.2%	+13.5%	XLVI	Price change alone, distributions left out.
Risk
Volatility	12.1%	10.8%	XLVI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.8%	6.7%	XLVI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−11.9%	−8.1%	XLVI	Deepest fall from a high to the low after it.
Upside capture	66.5%	56.2%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	79.2%	70.5%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.71	0.60	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.92	0.86	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.17	1.80	XLVI	Return above Treasury bills per unit of volatility.
Sortino	0.23	2.93	XLVI	Return above Treasury bills per unit of downside deviation.
Treynor	0.029	0.325		Return above Treasury bills per unit of beta.
Calmar	0.44	3.13	XLVI	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	XLU	XLV		The ETF each fund is measured against.
Alpha	+1.3% a year	+2.8% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.43	0.75	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.9% to +7.6%	−4.6% to +10.2%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.18	−1.07		Return against its benchmark per unit of tracking error.
Tracking error	6.0%	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, XLUI 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 XLUI XLVI

Only in one fund ↓

Only in XLUI

STATE STREET UTILITIES SELECT 102.24%

STATE STREET UTILITIES SELECT NOV26 44.5 CALL -0.01%

STATE STREET UTILITIES SELECT NOV26 44 CALL -0.03%

STATE STREET UTILITIES SELECT NOV26 43.5 CALL -0.07%

STATE STREET UTILITIES SELECT NOV26 42.5 CALL -0.08%

STATE STREET UTILITIES SELECT NOV26 43 CALL -2.05%

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

XLUI State Street Utilities Select Sector SPDR Premium Income ETF · Covered call on XLU, 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 Utilities sector (XLU) Health care sector (XLV)

Pays monthly monthly

Payout rate, annualized 14.9% 14.0%

Expense ratio 0.35% 0.35%

Cash paid, 1 year 14.1% 13.0%

Price change, 1 year −8.9% +6.1%

Total return, 1 year +5.6% +20.7%

Benchmark return, 1 year +1.0% +32.9%

Ahead or behind +4.6 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 $69m $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: XLUI vs XLVI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	XLUI	XLVI	XLUI	XLVI	XLUI	XLVI
3 months	+1.2%	+6.8%	3.9%	3.5%	+0.5 pts	−9.2 pts
6 months	−0.9%	+18.1%	6.8%	6.5%	+2.4 pts	−13.4 pts
1 year	+5.6%	+20.7%	14.1%	13.0%	+4.6 pts	−12.2 pts
Since launchXLUI Jul 2025 · XLVI Jul 2025	+8.1%	+29.9%	17.5%	17.2%	+2.1 pts	−14.4 pts

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Alert

About each fund

XLUI

Over the year to Nov 4, 2026, XLUI paid 14.1% of its starting value in cash distributions while its price fell 8.9%. With every distribution reinvested, the fund returned +5.6%. Utilities sector (XLU) returned +1.0% over the same days, so a holder was ahead by 4.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.9%, 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, XLUI or XLVI?: Over the year to Nov 4, 2026, XLUI paid 14.1% of its starting price in cash and XLVI paid 13.0%, so XLUI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, XLUI or XLVI?: With every distribution reinvested, XLUI returned +5.6% and XLVI +20.7% over the year to Nov 4, 2026.
Which is cheaper, XLUI or XLVI?: XLUI and XLVI both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

XLUI vs XLYI XLUI vs SOXY XLUI vs USOY XLUI vs TYLG XLVI vs USOY XLVI vs GPTY XLVI vs MDST XLVI vs AIPI

Where to next

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

Sources and dates

XLUI and XLVI filings on SEC EDGAR ↗

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

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

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