SPXE vs. ^GSPC
Compare and contrast key facts about ProShares S&P 500 Ex-Energy ETF (SPXE) and S&P 500 (^GSPC).
SPXE is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Energy 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: SPXE or ^GSPC.
Correlation
The correlation between SPXE and ^GSPC is 0.85, 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
SPXE vs. ^GSPC - Performance Comparison
Key characteristics
SPXE:
2.27
^GSPC:
2.07
SPXE:
3.04
^GSPC:
2.76
SPXE:
1.42
^GSPC:
1.39
SPXE:
3.28
^GSPC:
3.05
SPXE:
14.50
^GSPC:
13.27
SPXE:
1.97%
^GSPC:
1.95%
SPXE:
12.60%
^GSPC:
12.52%
SPXE:
-32.27%
^GSPC:
-56.78%
SPXE:
-1.58%
^GSPC:
-1.91%
Returns By Period
In the year-to-date period, SPXE achieves a 27.91% return, which is significantly higher than ^GSPC's 25.25% return.
SPXE
27.91%
0.73%
10.98%
28.43%
14.94%
N/A
^GSPC
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
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Risk-Adjusted Performance
SPXE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and S&P 500 (^GSPC). 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
SPXE vs. ^GSPC - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPXE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPXE vs. ^GSPC - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Energy ETF (SPXE) is 3.49%, while S&P 500 (^GSPC) has a volatility of 3.82%. This indicates that SPXE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.