ProShares S&P 500 Ex-Energy ETF (SPXE) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPXE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPXE
SPXE charges 0.09% annually. There are 10 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 148.87B | Nov 2005 | SPXE vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 837.93B | May 2000 | SPXE vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | SPXE vs VOO | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.07B | Sep 2000 | SPXE vs SPYV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.13B | Sep 2000 | SPXE vs SPYG |
Best Risk-Adjusted Alternatives to SPXE
SPXE has a PortfoliosLab risk / return rank of 57. There are 57 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SPXE vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 97 | — | Apr 2025 | SPXE vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 96 | 56.30M | May 2024 | SPXE vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 95 | — | Jan 2025 | SPXE vs PMFB | |
| PGIM S&P 500 Max Buffer ETF - January | 94 | 4.58M | Dec 2024 | SPXE vs PMJA |
Top Performing SPXE Alternatives (YTD)
SPXE is at 7.86% YTD. There are 53 ETFs in the S&P 500 category with higher YTD returns, going as high as 83.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 83.10% | 98.97M | Nov 2019 | SPXE vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 37.17% | 6.46B | Jan 2006 | SPXE vs RSPT | |
| Invesco S&P 500 Pure Growth ETF | 30.31% | 2.27B | Mar 2006 | SPXE vs RPG | |
| Invesco S&P 500 Momentum ETF | 29.91% | 21.99B | Oct 2015 | SPXE vs SPMO | |
| Invesco S&P 500® High Beta ETF | 29.05% | 1.08B | May 2011 | SPXE vs SPHB |
Lowest Volatility Alternatives to SPXE
SPXE has 13.02% 1-year volatility. There are 73 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | SPXE vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | SPXE vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.65% | 56.30M | May 2024 | SPXE vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.90% | 22.10M | Jun 2025 | SPXE vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.93% | — | May 2025 | SPXE vs PMJN |
Lowest Drawdown Alternatives to SPXE
SPXE has a 1-year max drawdown of -10.09%. There are 70 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SPXE vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | SPXE vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | SPXE vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 22.10M | Jun 2025 | SPXE vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | SPXE vs PMJN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | SPXE vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | SPXE vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | SPXE vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | SPXE vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | SPXE vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | SPXE vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | SPXE vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | SPXE vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | SPXE vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | SPXE vs BITU |
Often Compared With SPXE
Investors most often compare SPXE with SPXV, SPXL, SPXU. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SPXE with Any Fund or Stock
Compare SPXE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPXE with funds that move differently
ProShares S&P 500 Ex-Energy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPXE.
Explore SPXE Diversifiers