- ISIN
- US74347B5654
- CUSIP
- 74347B565
- 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-Health Care Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $40M
Share Price Chart
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Performance
SPXV Performance Chart
ProShares S&P 500 Ex-Health Care ETF (SPXV) is up 10.8% since the beginning of the year. SPXV is currently trading at $82 per share. Investors who bought $1,000 worth of SPXV shares 5 years ago would now be looking at an investment worth $1,965.
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Returns By Period
ProShares S&P 500 Ex-Health Care ETF (SPXV) has returned 10.77% so far this year and 27.69% over the past 12 months. Looking at the last ten years, SPXV has achieved an annualized return of 16.21%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
ProShares S&P 500 Ex-Health Care ETF
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 10.77%
- 6M
- 10.46%
- 1Y
- 27.69%
- 3Y*
- 23.22%
- 5Y*
- 14.46%
- 10Y*
- 16.21%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPXV Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2015, SPXV'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, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.9%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPXV closed higher 42% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.41% | -1.31% | -4.62% | 11.75% | 5.50% | -1.58% | 10.77% | ||||||
| 2025 | 2.35% | -1.70% | -6.00% | -0.26% | 7.71% | 5.31% | 2.73% | 1.70% | 3.89% | 2.32% | -0.83% | 0.45% | 18.40% |
| 2024 | 1.61% | 5.63% | 3.33% | -3.89% | 5.06% | 3.97% | 1.00% | 1.99% | 2.65% | -0.25% | 6.43% | -2.04% | 28.02% |
| 2023 | 7.72% | -1.75% | 3.66% | 1.30% | 1.30% | 6.93% | 3.31% | -1.49% | -5.10% | -1.95% | 9.71% | 4.52% | 30.71% |
| 2022 | -4.83% | -3.25% | 3.75% | -9.66% | 0.08% | -9.40% | 10.52% | -3.61% | -10.36% | 7.69% | 5.50% | -6.32% | -20.47% |
| 2021 | -1.10% | 3.51% | 4.18% | 5.33% | 0.59% | 2.30% | 1.89% | 3.17% | -4.39% | 7.13% | -0.41% | 3.56% | 28.37% |
Benchmark Metrics
ProShares S&P 500 Ex-Health Care ETF has an annualized alpha of 4.28%, beta of 0.87, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since September 24, 2015.
- This ETF captured 104.24% of S&P 500 Index gains but only 92.70% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 4.28% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R2 of 0.76, 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
- 4.28%
- Beta
- 0.87
- R²
- 0.76
- Upside Capture
- 104.24%
- Downside Capture
- 92.70%
Expense Ratio
SPXV has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SPXV 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-Health Care ETF (SPXV) 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.
| SPXV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.78 | +0.25 |
| Martin ratioReturn relative to average drawdown | 12.85 | 12.44 | +0.41 |
Dividends
Dividend History
ProShares S&P 500 Ex-Health Care ETF provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.72 | $0.71 | $0.64 | $0.65 | $0.55 | $0.57 | $0.53 | $0.48 | $0.42 | $0.63 | $0.12 |
Dividend yield | 0.90% | 0.97% | 1.12% | 1.27% | 1.67% | 1.11% | 1.45% | 1.58% | 1.89% | 1.57% | 2.66% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 Ex-Health Care 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 | $0.20 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.71 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.22 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.65 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.55 |
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-Health Care 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-Health Care ETF was 34.34%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.
The current ProShares S&P 500 Ex-Health Care ETF drawdown is 2.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.34%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -26.58%Oct 2022 | 9mo 12d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -19.89%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -19.55%Dec 2018 | 2mo 21d | 3mo 11d | 6mo 2dOct 2018 - Apr 2019 |
2016 correction2016 | -11.72%Jan 2016 | 1mo 13d | 6mo 19d | 8mo 2dDec 2015 - Aug 2016 |
Drawdown Indicators
| SPXV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.34% | -56.78% | +22.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -9.10% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -18.90% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -25.43% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.34% | -33.92% | -0.42% |
Current DrawdownCurrent decline from peak | -2.17% | -1.80% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -10.71% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.03% | +0.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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