ES=F vs. SPXT
Compare and contrast key facts about S&P 500 E-Mini Futures (ES=F) and ProShares S&P 500 Ex-Technology ETF (SPXT).
SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ES=F or SPXT.
Correlation
The correlation between ES=F and SPXT is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ES=F vs. SPXT - Performance Comparison
Key characteristics
ES=F:
0.27
SPXT:
0.66
ES=F:
0.52
SPXT:
1.02
ES=F:
1.08
SPXT:
1.15
ES=F:
0.26
SPXT:
0.69
ES=F:
1.01
SPXT:
2.83
ES=F:
5.27%
SPXT:
3.82%
ES=F:
19.03%
SPXT:
16.32%
ES=F:
-57.11%
SPXT:
-34.38%
ES=F:
-7.97%
SPXT:
-7.30%
Returns By Period
In the year-to-date period, ES=F achieves a -4.45% return, which is significantly lower than SPXT's -1.77% return.
ES=F
-4.45%
15.43%
-2.42%
8.94%
12.98%
9.61%
SPXT
-1.77%
7.85%
-0.74%
9.25%
13.85%
N/A
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Risk-Adjusted Performance
ES=F vs. SPXT — Risk-Adjusted Performance Rank
ES=F
SPXT
ES=F vs. SPXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 E-Mini Futures (ES=F) and ProShares S&P 500 Ex-Technology ETF (SPXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
ES=F vs. SPXT - Drawdown Comparison
The maximum ES=F drawdown since its inception was -57.11%, which is greater than SPXT's maximum drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for ES=F and SPXT. For additional features, visit the drawdowns tool.
Volatility
ES=F vs. SPXT - Volatility Comparison
S&P 500 E-Mini Futures (ES=F) has a higher volatility of 5.40% compared to ProShares S&P 500 Ex-Technology ETF (SPXT) at 4.89%. This indicates that ES=F's price experiences larger fluctuations and is considered to be riskier than SPXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.