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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares S&P 500 Ex-Financials ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ProShares S&P 500 Ex-Financials ETF (SPXN) has returned -3.95% so far this year and 20.91% over the past 12 months. Looking at the last ten years, SPXN has achieved an annualized return of 14.97%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
ProShares S&P 500 Ex-Financials ETF
- 1D
- 2.93%
- 1M
- -5.17%
- YTD
- -3.95%
- 6M
- -1.11%
- 1Y
- 20.91%
- 3Y*
- 18.58%
- 5Y*
- 12.14%
- 10Y*
- 14.97%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Sep 24, 2015, SPXN's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, your investment would double in approximately 4.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPXN closed higher 42% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.85% | -0.54% | -5.17% | -3.95% | |||||||||
| 2025 | 2.26% | -2.01% | -5.86% | -0.42% | 6.76% | 5.48% | 2.58% | 1.82% | 4.40% | 3.36% | -0.15% | -0.24% | 18.74% |
| 2024 | 1.69% | 5.58% | 2.98% | -3.89% | 4.95% | 4.47% | 0.14% | 1.93% | 2.55% | -1.19% | 5.06% | -1.78% | 24.35% |
| 2023 | 5.94% | -2.14% | 5.47% | 1.27% | 1.48% | 6.44% | 2.95% | -1.17% | -5.00% | -1.99% | 8.72% | 4.36% | 28.57% |
| 2022 | -5.87% | -3.22% | 4.45% | -8.89% | 0.17% | -8.19% | 9.73% | -4.13% | -9.31% | 7.67% | 5.08% | -5.73% | -18.87% |
| 2021 | -0.71% | 1.79% | 3.85% | 5.00% | 0.12% | 3.04% | 2.45% | 2.76% | -4.80% | 6.74% | -0.01% | 4.48% | 27.04% |
Benchmark Metrics
ProShares S&P 500 Ex-Financials ETF has an annualized alpha of 4.13%, beta of 0.84, and R² of 0.74 versus S&P 500 Index. Calculated based on daily prices since September 25, 2015.
- This ETF captured 105.21% of S&P 500 Index gains but only 95.36% of its losses — a favorable profile for investors.
- This ETF generated an annualized alpha of 4.13% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.13%
- Beta
- 0.84
- R²
- 0.74
- Upside Capture
- 105.21%
- Downside Capture
- 95.36%
Expense Ratio
SPXN has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
SPXN ranks 67 for risk / return — better than 67% 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-Financials ETF (SPXN) and compare them to a chosen benchmark (S&P 500 Index).
| SPXN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.90 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.39 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.40 | +0.36 |
Martin ratioReturn relative to average drawdown | 8.30 | 6.61 | +1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SPXN risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ProShares S&P 500 Ex-Financials ETF provided a 1.03% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.72 | $0.70 | $0.61 | $0.55 | $0.47 | $0.44 | $0.47 | $0.45 | $0.42 | $0.59 | $0.11 |
Dividend yield | 1.03% | 0.98% | 1.12% | 1.19% | 1.35% | 0.94% | 1.09% | 1.41% | 1.76% | 1.54% | 2.60% | 0.52% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 Ex-Financials 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 | $0.17 | $0.17 | |||||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.47 |
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-Financials 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-Financials ETF was 32.10%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.
The current ProShares S&P 500 Ex-Financials ETF drawdown is 6.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.1% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -24.47% | Dec 30, 2021 | 200 | Oct 14, 2022 | 289 | Dec 8, 2023 | 489 |
| -19.56% | Feb 20, 2025 | 34 | Apr 8, 2025 | 54 | Jun 26, 2025 | 88 |
| -18.59% | Oct 10, 2018 | 52 | Dec 24, 2018 | 66 | Apr 1, 2019 | 118 |
| -11.83% | Dec 30, 2015 | 30 | Feb 11, 2016 | 62 | May 11, 2016 | 92 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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