- 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
Share Price Chart
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Performance
SPXE Performance Chart
ProShares S&P 500 Ex-Energy ETF (SPXE) is up 10.3% since the beginning of the year. SPXE is currently trading at $81 per share. Investors who bought $1,000 worth of SPXE shares 5 years ago would now be looking at an investment worth $1,889.
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Returns By Period
ProShares S&P 500 Ex-Energy ETF (SPXE) has returned 10.29% so far this year and 27.46% over the past 12 months. Looking at the last ten years, SPXE has achieved an annualized return of 15.72%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
ProShares S&P 500 Ex-Energy ETF
- 1D
- -0.72%
- 1M
- 5.33%
- YTD
- 10.29%
- 6M
- 10.47%
- 1Y
- 27.46%
- 3Y*
- 22.55%
- 5Y*
- 13.56%
- 10Y*
- 15.72%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
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 +1.30%. At this rate, an investment would double in approximately 4.5 years.
Historically, 67% of months were positive and 33% 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% | -0.41% | 10.29% | ||||||
| 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 3.51%, beta of 0.88, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since September 25, 2015.
- This ETF captured 104.69% of S&P 500 Index gains but only 96.09% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 3.51% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R2 of 0.82, 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
- 3.51%
- Beta
- 0.88
- R²
- 0.82
- Upside Capture
- 104.69%
- Downside Capture
- 96.09%
Expense Ratio
SPXE has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SPXE ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by 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.
| SPXE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 2.24 | -0.02 |
Sortino ratioReturn per unit of downside risk | 3.07 | 3.07 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.93 | -0.20 |
Martin ratioReturn relative to average drawdown | 12.40 | 13.52 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares S&P 500 Ex-Energy ETF provided a 0.91% dividend yield over the last twelve months, with an annual payout of $0.74 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 | $0.74 | $0.73 | $0.69 | $0.66 | $0.60 | $0.49 | $0.47 | $0.47 | $0.42 | $0.47 | $0.35 | $0.11 |
Dividend yield | 0.91% | 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 | $0.00 | $0.18 | ||||||
| 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 0.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.27%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -26.50%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -18.90%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -18.59%Dec 2018 | 2mo 21d | 3mo 12d | 6mo 3dOct 2018 - Apr 2019 |
2016 correction2016 | -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 | -0.72% | -0.74% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -10.72% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 1.97% | +0.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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