SPXE vs. SPXN

Last updated Jun 16, 2026

SPXE (ProShares S&P 500 Ex-Energy ETF) and SPXN (ProShares S&P 500 Ex-Financials ETF) are both S&P 500 funds from ProShares - SPXE tracks the S&P 500 Ex-Energy Index while SPXN tracks the S&P 500 Ex-Financials and Real Estate Index. Both are passively managed. Both charge a 0.09% expense ratio.

Performance

SPXE vs. SPXN - Performance Comparison

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

Returns By Period

SPXE

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

SPXN

• 1D: 1.86%
• 1M: 1.64%
• YTD: 12.64%
• 6M: 13.30%
• 1Y: 31.35%
• 3Y*: 21.71%
• 5Y*: 14.66%
• 10Y*: 16.16%

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

SPXE vs. SPXN - Yearly Performance Comparison

	2026 (YTD)
SPXE ProShares S&P 500 Ex-Energy ETF	-0.21%
SPXN ProShares S&P 500 Ex-Financials ETF	1.86%

SPXE vs. SPXN - Sectors Allocation Comparison

Sectors	SPXE	SPXN
Technology	39.2%	43.7%
Financial Services	11.9%	-
Communication Services	10.7%	11.7%
Consumer Cyclical	9.7%	11.0%
Healthcare	9.0%	10.1%
Industrials	8.1%	9.1%
Consumer Defensive	4.8%	5.5%
Utilities	2.6%	3.0%
Real Estate	1.9%	-
Basic Materials	1.8%	2.0%
Energy	0.0%	3.8%

Return for Risk

SPXE vs. SPXN — 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.

SPXN

SPXN Risk / Return Rank: 78
SPXN Sharpe Ratio Rank: 81
SPXN Sortino Ratio Rank: 77
SPXN Omega Ratio Rank: 79
SPXN Calmar Ratio Rank: 72
SPXN Martin Ratio Rank: 82

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. SPXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and ProShares S&P 500 Ex-Financials ETF (SPXN). 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	SPXN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.37	—
Sortino ratio: Return per unit of downside risk	—	3.14	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	3.40	—
Martin ratio: Return relative to average drawdown	—	14.99	—

Drawdowns

SPXE vs. SPXN - Drawdown Comparison

The maximum SPXE drawdown since its inception was -0.21%, smaller than the maximum SPXN drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for SPXE and SPXN.

Drawdown Indicators

	SPXE	SPXN	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-32.10%	+31.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.10%	—
Current Drawdown Current decline from peak	-0.21%	-1.41%	+1.20%
Average Drawdown Average peak-to-trough decline	-0.21%	-4.00%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	SPXE	SPXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.70%	—

SPXE vs. SPXN - Expense Ratio Comparison

Both SPXE and SPXN 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. SPXN - Dividend Comparison

SPXE has not paid dividends to shareholders, while SPXN's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPXN ProShares S&P 500 Ex-Financials ETF	0.88%	0.98%	1.12%	1.19%	1.35%	0.94%	1.09%	1.41%	1.76%	1.54%	2.60%	0.52%

Frequently Asked Questions

Which ETF is better, SPXE or SPXN?

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 SPXN?

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

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

SPXN has the higher dividend yield at 0.88%, compared with 0.00% for SPXE.

What is the main difference between SPXE and SPXN?

SPXE tracks S&P 500 Ex-Energy Index, while SPXN tracks S&P 500 Ex-Financials and Real Estate Index.