SPXE vs. ESGV

Last updated Jul 14, 2026

SPXE (ProShares S&P 500 Ex-Energy ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.09% expense ratio.

Performance

SPXE vs. ESGV - Performance Comparison

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

Returns By Period

SPXE

• 1D: -0.87%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESGV

• 1D: -0.95%
• 1M: 1.38%
• 6M: 8.12%
• YTD: 10.07%
• 1Y: 21.17%
• 3Y*: 19.79%
• 5Y*: 11.58%
• 10Y*: —

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

SPXE vs. ESGV - Yearly Performance Comparison

	2026 (YTD)
SPXE ProShares S&P 500 Ex-Energy ETF	-0.77%
ESGV Vanguard ESG U.S. Stock ETF	-0.59%

Correlation

The correlation between SPXE and ESGV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	1.00

SPXE vs. ESGV - Sectors Allocation Comparison

Sectors	SPXE	ESGV
Technology	38.6%	43.1%
Financial Services	12.4%	11.3%
Communication Services	10.1%	11.8%
Consumer Cyclical	9.7%	11.5%
Healthcare	9.5%	9.5%
Industrials	8.1%	4.2%
Consumer Defensive	4.8%	3.6%
Utilities	2.8%	0.2%
Basic Materials	1.9%	1.9%
Real Estate	1.9%	2.6%
Energy	0.0%	0.1%

Return for Risk

SPXE vs. ESGV — Risk / Return Rank

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

SPXE

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

ESGV

ESGV Risk / Return Rank: 53
ESGV Sharpe Ratio Rank: 55
ESGV Sortino Ratio Rank: 54
ESGV Omega Ratio Rank: 54
ESGV Calmar Ratio Rank: 46
ESGV Martin Ratio Rank: 55

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.

SPXE vs. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and Vanguard ESG U.S. Stock ETF (ESGV). 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.

	SPXE	ESGV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	1.83	—
Martin ratio: Return relative to average drawdown	—	7.52	—

Drawdowns

SPXE vs. ESGV - Drawdown Comparison

The maximum SPXE drawdown since its inception was -0.87%, smaller than the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SPXE and ESGV.

Drawdown Indicators

	SPXE	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-33.66%	+32.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.81%	—
Current Drawdown Current decline from peak	-0.87%	-1.48%	+0.61%
Average Drawdown Average peak-to-trough decline	-0.44%	-6.37%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	SPXE	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	14.21%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	18.50%	-7.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.97%	20.55%	-9.58%

SPXE vs. ESGV - Expense Ratio Comparison

Both SPXE and ESGV have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPXE vs. ESGV - Dividend Comparison

SPXE has not paid dividends to shareholders, while ESGV's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESGV Vanguard ESG U.S. Stock ETF	0.87%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%
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%

Frequently Asked Questions

Can I hold both SPXE and ESGV in my portfolio?

With a correlation of 1.00, SPXE and ESGV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPXE or ESGV?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXE or ESGV?

SPXE and ESGV have the same expense ratio: 0.09% per year.

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

ESGV has the higher dividend yield at 0.87%, compared with 0.00% for SPXE.

What is the main difference between SPXE and ESGV?

SPXE is categorized as S&P 500, while ESGV is Large Cap Blend Equities. SPXE tracks S&P 500 Ex-Energy Index, while ESGV tracks FTSE US All Cap Choice Index. They also come from different issuers: ProShares and Vanguard.