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XLII vs XLVI

State Street Industrial Select Sector SPDR Premium Income ETF

XLIIANYSE Arca

State Street Health Care Select Sector SPDR Premium Income ETF

XLVIANYSE Arca

Overlap

Expense ratio

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

XLII0.35%XLVI0.35%

Avg volume · 30D

XLVI 2.7×the volume

XLII15.9KXLVI43.7K

XLII vs XLVI Performance

Oct 31, 2025 – Oct 30, 2026

+9.0%XLII+20.2%XLVI

Oct 31, 2025 to Oct 30, 2026. XLII +9.0%. XLVI +20.2%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
XLII 0.35%
XLVI 0.35%
Fund size
XLII $17M
XLVI $36M
1Y total return
XLII +9.0%
XLVI +20.2%, better
Yield (12M)
XLII 13.46%, better
XLVI 11.95%
Holdings
XLII 3
XLVI 2
Avg volume (30D)
XLII 15.9K sh
XLVI 43.7K sh, better
NAV per share
XLII $24.32
XLVI $27.45
52W range

ETF.net Grade

XLII: Cost 76, Risk 49, Mission 100, Tradability 60, Holdings 51, Durability 51. XLVI: Cost 76, Risk 75, Mission 75, Tradability 74, Holdings 43, Durability 63.
Pillar letters and Scores for XLII, XLVI, with each pillar’s weight
PillarXLIIXLVI
Cost30% weightA76A76
Mission25% weightA100HigherA75
Risk15% weightC49A75Higher
Tradability15% weightB60A74Higher
Holdings10% weightC51HigherC43
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. XLII 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 ›

XLII ranks 2nd and XLVI 2nd 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

Our read on each fund

ETF.net Research

XLIIAState Street Industrial Select Sector SPDR Premium Income ETF

XLVIAState Street Health Care Select Sector SPDR Premium Income ETF

In short

XLII Covered calls swarm tech; far rarer on machinery, railroads and defense primes. XLII owns the 1998-vintage industrials SPDR and sells short-dated calls on that fund itself, paying out monthly.

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

XLII The fund is actively managed to pursue current income while retaining the potential for long-term capital growth. It invests in XLI and sells call options on XLI 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

  • XLII Single-ticker build: it holds the industrials SPDR (XLI, running since 1998) and writes listed calls on that fund, so one trade buys the sector basket and the overlay.ssga.comssga.com 2
  • Actively managed overlay, not a rigid formula: managers choose strikes and expiries rather than selling the same call every month. Distributions come monthly.ssga.com
  • Priced at 0.35%, the going rate for sector covered-call funds, and among the stronger implementations in its peer group.
  • Same 0.35% runs across the sibling sleeves (XLVI health care, XLUI utilities), so sector mixes cost the same per leg.etf.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

  • XLII Calls cap the upside: premium income is paid for by handing over part of any big industrials rally.ssga.com
  • Fund-of-funds fee stacking. The plain industrials SPDR (XLI) it owns costs a small fraction of 0.35% on its own.ssga.com
  • Launched in 2025, still small and thinly traded, so spreads can run wider than the underlying's.
  • 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 XLII profile⁠

Full XLVI profile⁠

XLII vs 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.

XLII vs XLVI Cost

Same expense ratio

$7,126

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

  • XLII 0.35%

    $7,126

  • XLVI 0.35%

    $7,126

$10,000
30 years

Cost over time

  • XLII 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$8K051015202530XLII $7,126XLVI $7,126

Year by year

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

Expense ratio

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

XLII cheapest of 22 funds

XLVI cheapest of 22 funds

XLII vs XLVI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
XLII 13.46%, better
XLVI 11.95%
Payout (12M)
XLII $3.23
XLVI $3.29
Last payment
XLII $0.30
XLVI $0.31
Ex-dividend
XLII Oct 1, 2026
XLVI Oct 1, 2026
Paid on
XLII Oct 5, 2026
XLVI Oct 5, 2026
Frequency
XLII Monthly
XLVI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

XLIIMonthly · 14 paymentsAll XLII payments⁠
One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.38; Oct 1, 2025 $0.22; Nov 3, 2025 $0.27; Dec 1, 2025 $0.22; Dec 29, 2025 $0.26; Feb 2, 2026 $0.21; Mar 2, 2026 $0.32; Apr 1, 2026 $0.35; May 1, 2026 $0.27; Jun 1, 2026 $0.31; Jul 1, 2026 $0.31; Aug 3, 2026 $0.30; Sep 1, 2026 $0.11; Oct 1, 2026 $0.30. 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

XLII vs XLVI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
XLII 11.9%since Aug 2025XLVI 10.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
XLII 0.60since Aug 2025XLVI 1.91since Aug 2025
Worst fallMax drawdown, 5 years
XLII −10.1%since Jul 2025XLVI −8.1%since Jul 2025
Market sensitivityBeta, 5 years
XLII 0.53XLVI 0.22

Popular comparisons

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