Correlation
The correlation between SPXE and SPXU is 0.86, 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.
SPXE vs. SPXU
Compare and contrast key facts about ProShares S&P 500 Ex-Energy ETF (SPXE) and ProShares UltraPro Short S&P500 (SPXU).
SPXE and SPXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. Both SPXE and SPXU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXE or SPXU.
Performance
SPXE vs. SPXU - Performance Comparison
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Key characteristics
SPXE:
0.77
SPXU:
-0.62
SPXE:
1.10
SPXU:
-0.55
SPXE:
1.16
SPXU:
0.92
SPXE:
0.73
SPXU:
-0.34
SPXE:
2.78
SPXU:
-1.23
SPXE:
4.98%
SPXU:
27.41%
SPXE:
19.78%
SPXU:
58.62%
SPXE:
-32.27%
SPXU:
-99.99%
SPXE:
-3.16%
SPXU:
-99.99%
Returns By Period
In the year-to-date period, SPXE achieves a 1.22% return, which is significantly higher than SPXU's -12.13% return.
SPXE
1.22%
6.48%
-1.00%
15.22%
14.87%
15.57%
N/A
SPXU
-12.13%
-14.91%
-4.97%
-34.74%
-34.53%
-41.28%
-39.04%
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SPXE vs. SPXU - Expense Ratio Comparison
SPXE has a 0.27% expense ratio, which is lower than SPXU's 0.93% expense ratio.
Risk-Adjusted Performance
SPXE vs. SPXU — Risk-Adjusted Performance Rank
SPXE
SPXU
SPXE vs. SPXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and ProShares UltraPro Short S&P500 (SPXU). 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.
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Dividends
SPXE vs. SPXU - Dividend Comparison
SPXE's dividend yield for the trailing twelve months is around 1.12%, less than SPXU's 9.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPXE ProShares S&P 500 Ex-Energy ETF | 1.12% | 1.09% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% |
SPXU ProShares UltraPro Short S&P500 | 9.05% | 9.53% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% | 0.00% | 0.00% |
Drawdowns
SPXE vs. SPXU - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, smaller than the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SPXE and SPXU.
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Volatility
SPXE vs. SPXU - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Energy ETF (SPXE) is 4.59%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 14.93%. This indicates that SPXE experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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