- ISIN
- US74347B5738
- CUSIP
- 74347B573
- 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-Financials and Real Estate Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $79M
Share Price Chart
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Performance
SPXN Performance Chart
ProShares S&P 500 Ex-Financials ETF (SPXN) is up 14.3% since the beginning of the year. SPXN is currently trading at $84 per share. Investors who bought $1,000 worth of SPXN shares 5 years ago would now be looking at an investment worth $2,037.
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Returns By Period
ProShares S&P 500 Ex-Financials ETF (SPXN) has returned 14.25% so far this year and 34.82% over the past 12 months. Looking at the last ten years, SPXN has achieved an annualized return of 16.32%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.
ProShares S&P 500 Ex-Financials ETF
- 1D
- 0.17%
- 1M
- 6.33%
- YTD
- 14.25%
- 6M
- 14.07%
- 1Y
- 34.82%
- 3Y*
- 23.56%
- 5Y*
- 15.29%
- 10Y*
- 16.32%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
SPXN Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2015, SPXN's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, an investment would double in approximately 4.3 years.
Historically, 67% of months were positive and 33% 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 43% 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% | 11.42% | 6.28% | 0.45% | 14.25% | ||||||
| 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 4.47%, 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 105.80% 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 4.47% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.47%
- Beta
- 0.84
- R²
- 0.74
- Upside Capture
- 105.80%
- Downside Capture
- 95.36%
Expense Ratio
SPXN has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SPXN ranks 80 for risk / return — in the top 80% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
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 S&P 500 Index.
| SPXN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.76 | 2.39 | +0.37 |
Sortino ratioReturn per unit of downside risk | 3.66 | 3.25 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.11 | +0.66 |
Martin ratioReturn relative to average drawdown | 17.35 | 14.38 | +2.96 |
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-Financials ETF provided a 0.87% 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 | 0.87% | 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 | $0.00 | $0.00 | $0.00 | $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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.10%Mar 2020 | 1mo 2d | 3mo 29d | 5mo 1dFeb 2020 - Jul 2020 |
Bear market2022 | -24.47%Oct 2022 | 9mo 18d | 1y 1mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -19.56%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -18.59%Dec 2018 | 2mo 15d | 3mo 8d | 5mo 23dOct 2018 - Apr 2019 |
2016 correction2016 | -11.83%Feb 2016 | 1mo 13d | 3mo | 4mo 13dDec 2015 - May 2016 |
Drawdown Indicators
| SPXN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.10% | -56.78% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -9.10% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.56% | -18.90% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.47% | -25.43% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -32.10% | -33.92% | +1.82% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -10.72% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.97% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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