OEF vs. SPXE

Last updated Jun 16, 2026

OEF (iShares S&P 100 ETF) and SPXE (ProShares S&P 500 Ex-Energy ETF) are both exchange-traded funds - OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index, while SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index. Both are passively managed. OEF charges 0.20%/yr vs 0.09%/yr for SPXE.

Performance

OEF vs. SPXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 100 ETF (OEF) and ProShares S&P 500 Ex-Energy ETF (SPXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OEF

• 1D: 2.03%
• 1M: 0.66%
• YTD: 8.71%
• 6M: 9.60%
• 1Y: 28.24%
• 3Y*: 23.02%
• 5Y*: 15.42%
• 10Y*: 16.78%

SPXE

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OEF vs. SPXE - Yearly Performance Comparison

	2026 (YTD)
OEF iShares S&P 100 ETF	2.03%
SPXE ProShares S&P 500 Ex-Energy ETF	-0.21%

Return for Risk

OEF vs. SPXE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OEF

OEF Risk / Return Rank: 68
OEF Sharpe Ratio Rank: 75
OEF Sortino Ratio Rank: 71
OEF Omega Ratio Rank: 74
OEF Calmar Ratio Rank: 57
OEF Martin Ratio Rank: 64

SPXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OEF vs. SPXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) and ProShares S&P 500 Ex-Energy ETF (SPXE). 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.

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.

	OEF	SPXE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.57	—	—
Martin ratio: Return relative to average drawdown	10.52	—	—

Drawdowns

OEF vs. SPXE - Drawdown Comparison

The maximum OEF drawdown since its inception was -54.11%, which is greater than SPXE's maximum drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for OEF and SPXE.

Drawdown Indicators

	OEF	SPXE	Difference
Max Drawdown Largest peak-to-trough decline	-54.11%	-0.21%	-53.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	—	—
Current Drawdown Current decline from peak	-1.67%	-0.21%	-1.46%
Average Drawdown Average peak-to-trough decline	-11.74%	-0.21%	-11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	—	—

Volatility

Volatility by Period

	OEF	SPXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.29%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	—	—

OEF vs. SPXE - Expense Ratio Comparison

OEF has a 0.20% expense ratio, which is higher than SPXE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

OEF vs. SPXE - Dividend Comparison

OEF's dividend yield for the trailing twelve months is around 1.04%, while SPXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OEF iShares S&P 100 ETF	1.04%	0.81%	1.03%	1.19%	1.55%	1.06%	1.43%	1.87%	2.09%	1.81%	2.07%	2.11%
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, OEF or SPXE?

On fees, SPXE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OEF or SPXE?

SPXE is cheaper with a 0.09% expense ratio, compared with 0.20% for OEF.

Which ETF pays a higher dividend yield, OEF or SPXE?

OEF has the higher dividend yield at 1.04%, compared with 0.00% for SPXE.

What is the main difference between OEF and SPXE?

OEF is categorized as Large Cap Blend Equities, while SPXE is S&P 500. OEF tracks S&P 100 Index, while SPXE tracks S&P 500 Ex-Energy Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for OEF and 0.09% for SPXE.