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XLFI vs XLVI

State Street Financial Select Sector SPDR Premium Income ETF

XLFIBNYSE Arca

State Street Health Care Select Sector SPDR Premium Income ETF

XLVIANYSE Arca

Overlap

0.4%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

XLFI0.35%XLVI0.35%

Avg volume · 30D

XLVI 3.6×the volume

XLFI12.2KXLVI43.7K

XLFI vs XLVI Performance

Oct 31, 2025 – Oct 30, 2026

+6.9%XLFI+20.2%XLVI

Oct 31, 2025 to Oct 30, 2026. XLFI +6.9%. XLVI +20.2%. Use the arrow keys to read each point.−5%0%10%15%Oct 2025Apr 2026Oct 2026
Expense ratio
XLFI 0.35%
XLVI 0.35%
Fund size
XLFI $13M
XLVI $36M
1Y total return
XLFI +6.9%
XLVI +20.2%, better
Yield (12M)
XLFI 11.13%
XLVI 11.95%, better
Holdings
XLFI 2
XLVI 2
Avg volume (30D)
XLFI 12.2K sh
XLVI 43.7K sh, better
NAV per share
XLFI $23.69
XLVI $27.45
52W range

ETF.net Grade

XLFI: Cost 76, Risk 42, Mission 98, Tradability 48, Holdings 46, Durability 51. XLVI: Cost 76, Risk 75, Mission 75, Tradability 74, Holdings 43, Durability 63.
Pillar letters and Scores for XLFI, XLVI, with each pillar’s weight
PillarXLFIXLVI
Cost30% weightA76A76
Mission25% weightA98HigherA75
Risk15% weightC42A75Higher
Tradability15% weightC48A74Higher
Holdings10% weightC46HigherC43
Durability5% weightC51B63Higher

Rank among Sector Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. XLFI and XLVI are both graded against the same 22 Sector Option Income funds, so their Grades compare head to head.

Sector Option Income⁠

Category · 22 funds
See all 22 ›

XLVI ranks 2nd and XLFI 5th of 22 funds in the Sector Option Income Category.

  1. Rank 1AXLSIState Street Consumer Staples Select Sector SPDR Premium Income ETFScore 74
  2. Rank 2AXLIIState Street Industrial Select Sector SPDR Premium Income ETFScore 71
  3. Rank 2AXLVIState Street Health Care Select Sector SPDR Premium Income ETFScore 71
  4. Rank 4BXLUIState Street Utilities Select Sector SPDR Premium Income ETFScore 69
  5. Rank 5BXLFIState Street Financial Select Sector SPDR Premium Income ETFScore 67
  6. Rank 5BXLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETFScore 67

Our read on each fund

ETF.net Research

XLFIBState Street Financial Select Sector SPDR Premium Income ETF

XLVIAState Street Health Care Select Sector SPDR Premium Income ETF

In short

XLFI Holds State Street's big financials sector fund, sells call options on it, and pays the premiums out monthly. A 2025 launch that turns banks, insurers and capital-markets firms into cash flow, trading away some upside.

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

XLFI The fund uses an actively managed strategy intended to provide current income while preserving prospects for long-term capital growth. It invests in the Financial Select Sector SPDR ETF and sells call options on that ETF to generate additional income.

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

  • XLFI Plumbing is refreshingly literal: own one sector ETF (XLF), write calls on that same ETF, distribute monthly. No basket of single-name options to unpick.ssga.com
  • 0.35% a year, dead center for sector covered-call funds and identical to every sibling (XLVI, XLUI, XLEI). Choosing among them is a sector decision, not a fee one.
  • The portfolio matches the mandate on the tin, and the fund sits in the upper half of its sector income-overlay peer group.
  • 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

  • XLFI Written calls cap how much of a financials rally reaches shareholders. Sideways markets suit the mechanics; a sector melt-up is where it costs.ssga.com
  • One sector carries the whole load: banks, insurers, capital markets and mortgage REITs all ride the same rate and credit cycle.ssga.com
  • Launched in 2025, so the live record is short, and it trades lighter than the sector fund it holds. Limit orders earn their keep.
  • 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 XLFI profile⁠

Full XLVI profile⁠

XLFI vs XLVI Holdings

How XLFI and XLVI differ

Overlap by weight

0.4%

Shared holdings make up 0.5% of XLFI and 0.4% of XLVI.

Level by level

  • Sector4 Sectors0.0%
  • Holdings0 in both0.4%
  • Countryby domicile98.4%
  • Asset classEquity100%

Sector

Sector weights in XLFI and XLVI, widest gap first
SectorMore in XLFIMore in XLVI
Health CareXLVI +100.0 points
FinancialsXLFI +98.2 points
TechnologyXLFI +1.5 points
IndustrialsXLFI +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in XLFI and XLVI, widest gap first
CountryMore in XLFIMore in XLVI
United StatesXLVI +1.6 points
SwitzerlandXLFI +1.6 points

Concentration

Weight in the 10 largest Holdings

  • XLFI102.5%
  • XLVI103.7%

Securities held

  • XLFI1
  • XLVI1

Asset class

XLFI
Equity
XLVI
Equity

Holdings

  • Only in XLFI1
  • In both0
  • Only in XLVI1

Only in XLFI

1 security, 100% of XLFI by weight

  • State Street Financial Select101.96%

Only in XLVI

1 security, 100% of XLVI by weight

  • State Street Health Care Selec103.29%

Weight gaps

XLFI and XLVI share no securities.

All 5 XLFI holdings⁠All 6 XLVI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

XLFI vs XLVI Cost

Same expense ratio

$7,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XLFI 0.35%

    $7,126

  • XLVI 0.35%

    $7,126

$10,000
30 years

Cost over time

  • XLFI 0.35%
  • XLVI 0.35%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XLFI $7,126XLVI $7,126

Year by year

YearXLFIXLVI
10$634$634
20$2,454$2,454
30$7,126$7,126

Expense ratio

  • 0.35%XLFI
  • 0.35%XLVI
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLFI cheapest of 22 funds

XLVI cheapest of 22 funds

XLFI vs XLVI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
XLFI 11.13%
XLVI 11.95%, better
Payout (12M)
XLFI $2.63
XLVI $3.29
Last payment
XLFI $0.21
XLVI $0.31
Ex-dividend
XLFI Oct 1, 2026
XLVI Oct 1, 2026
Paid on
XLFI Oct 5, 2026
XLVI Oct 5, 2026
Frequency
XLFI Monthly
XLVI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

XLFIMonthly · 14 paymentsAll XLFI payments⁠
One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.32; Oct 1, 2025 $0.34; Nov 3, 2025 $0.22; Dec 1, 2025 $0.27; Dec 29, 2025 $0.24; Feb 2, 2026 $0.18; Mar 2, 2026 $0.27; Apr 1, 2026 $0.34; May 1, 2026 $0.18; Jun 1, 2026 $0.16; Jul 1, 2026 $0.22; Aug 3, 2026 $0.21; Sep 1, 2026 $0.13; Oct 1, 2026 $0.21. Use the arrow keys to read each point.$0$0.252026YTD
XLVIMonthly · 14 paymentsAll XLVI payments⁠
One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.37; Oct 1, 2025 $0.29; Nov 3, 2025 $0.24; Dec 1, 2025 $0.27; Dec 29, 2025 $0.33; Feb 2, 2026 $0.23; Mar 2, 2026 $0.32; Apr 1, 2026 $0.34; May 1, 2026 $0.27; Jun 1, 2026 $0.20; Jul 1, 2026 $0.27; Aug 3, 2026 $0.22; Sep 1, 2026 $0.28; Oct 1, 2026 $0.31. Use the arrow keys to read each point.$0$0.252026YTD

XLFI vs XLVI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
XLFI 11.5%since Aug 2025XLVI 10.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
XLFI 0.37since Aug 2025XLVI 1.91since Aug 2025
Worst fallMax drawdown, 5 years
XLFI −11.9%since Jul 2025XLVI −8.1%since Jul 2025
Market sensitivityBeta, 5 years
XLFI 0.34XLVI 0.22

Popular comparisons

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