TECY vs XLVI

TECYFGraniteShares YieldBOOST Technology ETF

XLVIAState Street Health Care Select Sector SPDR Premium Income ETF

In short

TECY TECY owns no tech stocks. It sells put spreads on a 3x leveraged tech ETF, harvesting the fat premiums leverage creates, aiming for triple the option income of the plain sector index. Upside is capped by design.

XLVI Covered calls, pointed at one sector. XLVI owns State Street's health care sector ETF outright, then sells call options on that single fund, turning pharma, device and biotech exposure into a monthly income stream.

Stated mandate

TECY TECY seeks income from options strategies, mainly by selling puts on leveraged ETFs that track the 3x Long Technology Daily ETF.

XLVI State Street describes an actively managed strategy seeking current income while preserving prospects for long-term capital growth. It invests in the State Street Health Care Select Sector SPDR ETF and sells call options on that ETF to generate additional income.

Why people hold it

• TECY The engine: options on a 3x leveraged tech ETF carry far richer premiums, so the fund targets 3x the income of writing options on the Technology Select Sector Index itself.graniteshares.com
• The leverage sits in the ETF whose options it sells, not in TECY's own book. The fund itself does not borrow or lever its portfolio.graniteshares.com
• A floor is built into the trade: sell a near-the-money put, buy a further out-of-the-money put. The short leg's loss is bounded, not open-ended.graniteshares.com
• Runs an options-desk strategy inside a fund wrapper and pays the premium out on a recurring schedule rather than reinvesting it.graniteshares.com

• XLVI One holding, one overlay: it owns the health care sector ETF and writes calls on that same fund rather than on dozens of individual names, so the income engine is easy to follow.ssga.com
• Income lands monthly, and State Street discloses up front that distributions can include return of capital, so you know what can be inside the check.
• The 0.35% fee sits right at the median for sector covered-call funds, and it buys an actively managed options sleeve instead of a fixed formula.
• Part of a same-priced sector suite (utilities XLUI, energy XLEI), so you can pick the sector and keep the mechanics identical. This one ranks among the strongest builds in that group.

Worth knowing

• TECY Costs 1.07% a year, about triple the 0.35% median for sector options-income funds and the 0.35% State Street charges on XLVI and XLUI.
• Gains are capped: the secondary objective is leveraged-ETF exposure subject to a cap, so a big tech run is only partly captured while drawdowns reference a 3x product.graniteshares.com
• Launched in 2026 with a small asset base and light trading, so spreads can run wider than in the established sector income funds.

• XLVI Selling calls means selling upside. The premium is paid for by giving up part of the gain when health care runs hard, which is the core trade in this design.ssga.com
• Launched in 2025, so the track record is short and the fund is still building scale. Worth eyeing the bid-ask spread before trading.
• Single-sector concentration: everything rides on S&P 500 health care names, from drug pricing policy to FDA outcomes and patent cliffs.ssga.com

Full TECY profile⁠

Full XLVI profile⁠