SPXE vs. META
SPXE (ProShares S&P 500 Ex-Energy ETF) is S&P 500 fund tracking the S&P 500 Ex-Energy Index, while META (Meta Platforms, Inc.) is a stock. Over the past 10 years, SPXE returned 15.25%/yr vs 16.39%/yr for META. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
SPXE vs. META - Performance Comparison
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Returns By Period
In the year-to-date period, SPXE achieves a 9.39% return, which is significantly higher than META's -15.51% return. Over the past 10 years, SPXE has underperformed META with an annualized return of 15.25%, while META has yielded a comparatively higher 16.39% annualized return.
SPXE
- 1D
- 0.80%
- 1M
- -0.03%
- 6M
- 8.31%
- YTD
- 9.39%
- 1Y
- 20.77%
- 3Y*
- 19.53%
- 5Y*
- 12.39%
- 10Y*
- 15.25%
- ALL TIME*
- 15.37%
META
- 1D
- 3.28%
- 1M
- -4.49%
- 6M
- -22.16%
- YTD
- -15.51%
- 1Y
- -25.53%
- 3Y*
- 20.28%
- 5Y*
- 9.53%
- 10Y*
- 16.39%
- ALL TIME*
- 20.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.87B | $11.79B | $10.93B | |
| $137.44K | $89.66K | $88.41K |
SPXE vs. META - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXE ProShares S&P 500 Ex-Energy ETF | 9.39% | 18.03% | 25.72% | 27.71% | -20.58% | 27.93% | 20.62% | 32.45% | -5.52% | 24.99% |
META Meta Platforms, Inc. | -15.51% | 13.09% | 66.05% | 194.13% | -64.22% | 23.13% | 33.09% | 56.57% | -25.71% | 53.38% |
Correlation
The correlation between SPXE and META is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.56 |
The correlation between SPXE and META shifts across timeframes, from 0.56 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPXE vs. META — Risk / Return Rank
SPXE
META
SPXE vs. META - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and Meta Platforms, Inc. (META). 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 | META | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.89 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.84 | +2.72 |
| Martin ratioReturn relative to average drawdown | 8.02 | -1.52 | +9.55 |
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Drawdowns
SPXE vs. META - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SPXE and META.
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Drawdown Indicators
| SPXE | META | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -76.74% | +44.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -33.30% | +23.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -34.15% | +15.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -76.74% | +50.24% |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | -76.74% | +44.47% |
Current DrawdownCurrent decline from peak | -1.53% | -29.30% | +27.77% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -15.90% | +11.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 18.25% | -15.88% |
Volatility
SPXE vs. META - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Energy ETF (SPXE) is 3.73%, while Meta Platforms, Inc. (META) has a volatility of 15.37%. This indicates that SPXE experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXE | META | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 15.37% | -11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 30.29% | -19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 39.78% | -26.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 44.68% | -27.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 39.10% | -21.68% |
Dividends
SPXE vs. META - Dividend Comparison
SPXE's dividend yield for the trailing twelve months is around 0.94%, more than META's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
META Meta Platforms, Inc. | 0.38% | 0.32% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXE ProShares S&P 500 Ex-Energy ETF | 0.94% | 0.99% | 1.09% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% |
Frequently Asked Questions
SPXE and META have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
META has higher volatility (15.37%) compared to SPXE (3.73%). In terms of maximum drawdown, SPXE dropped -32.27% vs META's -76.74%.
SPXE currently has the higher Sharpe Ratio (1.43 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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