SPYM vs XLVI
State Street SPDR Portfolio S&P 500 ETF vs State Street Health Care Select Sector SPDR Premium Income ETF
Which is better, SPYM or XLVI?
XLVI has been ahead.
SPYM has a lower expense ratio. XLVI led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPYM | XLVI |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.35% |
| AUM | $178.8B | $39M |
| Dividend Yield | 1.02% | 11.99% |
| Holdings | 1,017 | 11 |
| YTD Return | +12.12% | +13.71%Best |
| 1Y Return | +12.53% | +17.42%Best |
| 3Y Return (annualized) | +21.53% | - |
| 5Y Return (annualized) | +11.93% | - |
| Volatility (annualized) | 11.7% | 9.9%Best |
| Max Drawdown | -8.9% | -8.1%Best |
| $10,000 over 1.3 years | $12,176 | $12,907Best |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Jul 29, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 30, 2025 to Nov 11, 2026 (1.3 years).
SPYM vs XLVI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
SPYM vs XLVI Performance
State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) is an ETF from State Street Investment Management. Over the past year SPYM returned +12.53% while XLVI returned +17.42%. Year to date, SPYM is up 12.12% versus a gain of 13.71% for XLVI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 9.9% for XLVI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.9% for SPYM and -8.1% for XLVI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.25. They move largely independently of each other.
Fees and Cost Over Time
SPYM charges 0.02% per year while XLVI charges 0.35%. On a $10,000 position that is $2 vs $35 annually, a gap of $33 per year that compounds over a long holding period. On income, SPYM currently yields 1.02% against 11.99% for XLVI.
Holdings Overlap
At least 0.1% of SPYM's money is in holdings XLVI also owns.
Stated as a floor: for XLVI, our book for it covers 101.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 505 positions we hold weights for in SPYM and 2 in XLVI, against full books of 1,017 and 11.
Top Shared Holdings
| Stock | Weight in SPYM | Weight in XLVI | Difference |
|---|---|---|---|
| NMFSsi Us Gov Money Market Class | 0.09% | 0.58% | 0.49% |
You are not choosing between two funds in isolation.
Whichever of SPYM and XLVI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPYM or XLVI?
SPYM has an expense ratio of 0.02% while XLVI charges 0.35%. SPYM is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, SPYM or XLVI?
Over the past year SPYM returned +12.53% vs +17.42% for XLVI, so XLVI leads on 1-year performance. Over the longest common window we track (1 years), SPYM annualized +16.35% vs +21.69% for XLVI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYM or XLVI?
SPYM has been the more volatile fund at 11.7% annualized versus 9.9% for XLVI. Worst drawdown: SPYM -8.9% vs XLVI -8.1%.
Should I hold both SPYM and XLVI?
SPYM and XLVI have a monthly-return correlation of 0.25, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPYM or XLVI?
SPYM yields 1.02% while XLVI yields 11.99%, so XLVI currently pays the higher dividend yield.
Is XLVI better than SPYM?
SPYM has a lower expense ratio. XLVI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.