- ISIN
- US74347B5811
- CUSIP
- 74347B581
- Issuer
- ProShares
- Inception Date
- Sep 22, 2015
- Region
- North America (U.S.)
- Category
- S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Ex-Energy Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $84M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $89.66K
Share Price Chart
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Performance
SPXE Performance Chart
ProShares S&P 500 Ex-Energy ETF (SPXE) is up 9.4% since the beginning of the year. SPXE is currently trading at $80 per share. Investors who bought $1,000 worth of SPXE shares 5 years ago would now be looking at an investment worth $1,793.
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Returns By Period
ProShares S&P 500 Ex-Energy ETF (SPXE) has returned 9.39% so far this year and 20.77% over the past 12 months. Looking at the last ten years, SPXE has achieved an annualized return of 15.25%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
ProShares S&P 500 Ex-Energy ETF
- 1D
- 0.80%
- 1M
- -0.03%
- 6M
- 8.31%
- YTD
- 9.39%
- 1Y
- 20.77%
- 3Y*
- 19.53%
- 5Y*
- 12.39%
- 10Y*
- 15.25%
- ALL TIME*
- 15.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SPXE Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2015, SPXE's average daily return is +0.06%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +12.4%, while the worst month was Mar 2020 at -10.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPXE closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +9.6%, while the worst single day was Mar 12, 2020 at -8.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.00% | -1.23% | -5.47% | 11.22% | 5.59% | -0.90% | -0.33% | 9.39% | |||||
| 2025 | 2.78% | -1.53% | -5.88% | -0.21% | 6.48% | 5.01% | 2.13% | 1.97% | 3.87% | 2.45% | -0.02% | 0.23% | 18.03% |
| 2024 | 1.90% | 5.44% | 2.90% | -4.18% | 4.93% | 3.95% | 1.11% | 2.53% | 2.32% | -0.78% | 5.70% | -2.19% | 25.72% |
| 2023 | 6.40% | -1.90% | 3.63% | 1.48% | 1.05% | 6.57% | 2.82% | -1.55% | -5.17% | -1.87% | 9.58% | 4.68% | 27.71% |
| 2022 | -5.99% | -3.34% | 3.86% | -9.34% | -0.47% | -8.05% | 9.45% | -4.23% | -9.22% | 7.18% | 5.56% | -5.76% | -20.58% |
| 2021 | -0.88% | 2.52% | 4.08% | 5.20% | 0.64% | 2.29% | 2.57% | 3.11% | -4.75% | 6.65% | -0.53% | 4.52% | 27.93% |
Benchmark Metrics
ProShares S&P 500 Ex-Energy ETF has an annualized alpha of 3.52%, beta of 0.88, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since September 24, 2015.
- This ETF captured 104.69% of S&P 500 Index gains but only 95.62% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 3.52% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R2 of 0.83, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.52%
- Beta
- 0.88
- R²
- 0.83
- Upside Capture
- 104.69%
- Downside Capture
- 95.62%
Expense Ratio
SPXE has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SPXE ranks 58 for risk / return — above 58% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPXE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.00 | -0.12 |
| Martin ratioReturn relative to average drawdown | 8.02 | 8.49 | -0.47 |
Dividends
Dividend History
ProShares S&P 500 Ex-Energy ETF provided a 0.94% dividend yield over the last twelve months, with an annual payout of $0.75 per share. The fund has been increasing its distributions for 7 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.73 | $0.69 | $0.66 | $0.60 | $0.49 | $0.47 | $0.47 | $0.42 | $0.47 | $0.35 | $0.11 |
Dividend yield | 0.94% | 0.99% | 1.09% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 Ex-Energy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.36 | |||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.73 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares S&P 500 Ex-Energy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares S&P 500 Ex-Energy ETF was 32.27%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
The current ProShares S&P 500 Ex-Energy ETF drawdown is 1.53%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-32.27%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 | COVID crash2020 |
-26.50%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 | Bear market2022 |
-18.90%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-18.59%Dec 2018 | 2mo 21d | 3mo 12d | 6mo 3dOct 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-11.93%Feb 2016 | 2mo 6d | 2mo 3d | 4mo 9dDec 2015 - Apr 2016 | — |
Drawdown Indicators
| SPXE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -56.78% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -9.10% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -18.90% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -25.43% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -33.92% | +1.65% |
Current DrawdownCurrent decline from peak | -1.53% | -1.58% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -10.70% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.14% | +0.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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