XLVI vs SHRT

Comparison between STATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF (XLVI, ETF) and GOTHAM SHORT STRATEGIES ETF (SHRT, ETF).

XLVI vs SHRT - Performance Comparison

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Key Characteristics

Financial metrics and valuation ratios

Metric	XLVI(ETF)	SHRT(ETF)
Net Assets	$15M	$15M
Expense Ratio	0.35%	1.35%
Max Drawdown	10.56%	26.66%
Sharpe Ratio	1.20	-1.97
5Y Beta	0.34	-0.43
P/E Ratio	N/A	25.91
Forward P/E	N/A	15.66
Debt to Equity	N/A	-42.40%
P/S Ratio	N/A	1.54
P/B Ratio	N/A	3.46

Net Assets

Winner

XLVI

$15M

SHRT

$15M

Expense Ratio

Winner

XLVI

0.35%

SHRT

1.35%

Max Drawdown

Winner

XLVI

10.56%

SHRT

26.66%

Sharpe Ratio

Winner

XLVI

1.20

SHRT

-1.97

5Y Beta

XLVI

0.34

Winner

SHRT

-0.43

P/E Ratio

XLVI

N/A

SHRT

25.91

Forward P/E

XLVI

N/A

SHRT

15.66

Debt to Equity

XLVI

N/A

SHRT

-42.40%

P/S Ratio

XLVI

N/A

SHRT

1.54

P/B Ratio

XLVI

N/A

SHRT

3.46

XLVI vs SHRT - Holdings Comparison

XLVI and SHRT have 0 common holdings. Overlap is 0.00%

XLVI's top 25 holdings weight is 99.43%. SHRT's top 25 holdings weight is 170.29%.

Rank	XLVI	SHRT
#1	STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 99.43%	CASH OFFSET (n/a) - 129.75%
#2	N/A	US DOLLARS (n/a) - 9.76%
#3	N/A	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.89%
#4	N/A	MICRON TECHNOLOGY INC (MU) - 2.10%
#5	N/A	TECHNIPFMC PLC (FTI) - 1.45%
#6	N/A	UBER TECHNOLOGIES INC (UBER) - 1.31%
#7	N/A	HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.29%
#8	N/A	AGNICO EAGLE MINES LTD (AEM) - 1.27%
#9	N/A	ADOBE INC (ADBE) - 1.24%
#10	N/A	n/a (DELL) - 1.21%
#11	N/A	ANALOG DEVICES INC (ADI) - 1.20%
#12	N/A	SALESFORCE INC (CRM) - 1.20%
#13	N/A	BLOOM ENERGY CORP CLASS A (BE) - 1.18%
#14	N/A	MARVELL TECHNOLOGY INC (MRVL) - 1.15%
#15	N/A	VALERO ENERGY CORP (VLO) - 1.13%
#16	N/A	MASIMO CORP (MASI) - 1.08%
#17	N/A	TRACTOR SUPPLY CO (TSCO) - 1.05%
#18	N/A	SOMNIGROUP INTERNATIONAL INC (SGI) - 1.04%
#19	N/A	VIKING HOLDINGS LTD (VIK) - 1.03%
#20	N/A	COPART INC (CPRT) - 1.02%
#21	N/A	OCCIDENTAL PETROLEUM CORP (OXY) - 0.63%
#22	N/A	PEPSICO INC (PEP) - 0.60%
#23	N/A	NETFLIX INC (NFLX) - 0.57%
#24	N/A	NUTRIEN LTD (NTR) - 0.57%
#25	N/A	AMENTUM HOLDINGS INC (AMTM) - 0.57%
Total Holdings	1	659

XLVI vs SHRT - Historical Returns

Returns include dividend reinvestment.

Period	XLVI	SHRT
1 month	+4.53%	-2.83%
3 months	+3.68%	-12.86%
6 months	+3.72%	-14.61%
1 year	+15.34%	-20.50%
Max(CAGR)	+17.88%	-9.56%

Winner

XLVI

+4.53%

SHRT

-2.83%

Winner

XLVI

+3.68%

SHRT

-12.86%

Winner

XLVI

+3.72%

SHRT

-14.61%

Winner

XLVI

+15.34%

SHRT

-20.50%

Max(CAGR)

Winner

XLVI

+17.88%

SHRT

-9.56%

XLVI vs SHRT - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	XLVI	SHRT
2026	+1.93%	-16.29%
2025	+12.78%	-1.29%
2024	N/A	-2.64%
2023	N/A	-5.83%

XLVI vs SHRT Drawdown Comparison

The maximum drawdown for XLVI was -8.14%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for SHRT was -25.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current XLVI drawdown is -1.18%. The current SHRT drawdown is -24.88%.

Rank	XLVI	SHRT
#1	-8.14% Feb 27, 2026 - Mar 27, 2026	-25.99% Aug 5, 2024 - Jun 2, 2026
#2	-3.52% Jul 30, 2025 - Aug 14, 2025	-7.34% Apr 19, 2024 - Aug 5, 2024
#3	-3.02% Nov 26, 2025 - Dec 15, 2025	-6.52% Nov 6, 2023 - Apr 19, 2024
#4	-2.28% Jan 26, 2026 - Feb 6, 2026	N/A
#5	-1.59% Sep 11, 2025 - Sep 30, 2025	N/A
#6	-1.38% Jan 12, 2026 - Jan 21, 2026	N/A
#7	-1.31% Feb 6, 2026 - Feb 18, 2026	N/A
#8	-1.08% Oct 27, 2025 - Nov 6, 2025	N/A
#9	-0.80% Dec 15, 2025 - Dec 22, 2025	N/A
#10	-0.48% Nov 12, 2025 - Nov 21, 2025	N/A
#11	-0.46% Jan 22, 2026 - Jan 26, 2026	N/A
#12	-0.42% Feb 18, 2026 - Feb 23, 2026	N/A
#13	-0.40% Oct 9, 2025 - Oct 15, 2025	N/A
#14	-0.39% Dec 24, 2025 - Jan 6, 2026	N/A
#15	-0.39% Jan 7, 2026 - Jan 12, 2026	N/A

Correlation

Correlation between XLVI and SHRT is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

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