SPXE vs. SPXV
Compare and contrast key facts about ProShares S&P 500 Ex-Energy ETF (SPXE) and ProShares S&P 500 Ex-Health Care ETF (SPXV).
SPXE and SPXV 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. SPXV is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Health Care Index. It was launched on Sep 22, 2015. Both SPXE and SPXV 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 SPXV.
Correlation
The correlation between SPXE and SPXV is 0.88, 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. SPXV - Performance Comparison
Key characteristics
SPXE:
0.34
SPXV:
0.33
SPXE:
0.60
SPXV:
0.60
SPXE:
1.09
SPXV:
1.09
SPXE:
0.34
SPXV:
0.34
SPXE:
1.51
SPXV:
1.46
SPXE:
4.25%
SPXV:
4.55%
SPXE:
19.04%
SPXV:
20.37%
SPXE:
-32.27%
SPXV:
-34.34%
SPXE:
-14.02%
SPXV:
-14.58%
Returns By Period
In the year-to-date period, SPXE achieves a -10.13% return, which is significantly higher than SPXV's -10.80% return.
SPXE
-10.13%
-6.70%
-9.45%
7.40%
14.23%
N/A
SPXV
-10.80%
-6.77%
-9.15%
7.71%
15.73%
N/A
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SPXE vs. SPXV - Expense Ratio Comparison
Both SPXE and SPXV have an expense ratio of 0.27%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPXE vs. SPXV — Risk-Adjusted Performance Rank
SPXE
SPXV
SPXE vs. SPXV - 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 S&P 500 Ex-Health Care ETF (SPXV). 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.
Dividends
SPXE vs. SPXV - Dividend Comparison
SPXE's dividend yield for the trailing twelve months is around 1.26%, less than SPXV's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPXE ProShares S&P 500 Ex-Energy ETF | 1.26% | 1.09% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% |
SPXV ProShares S&P 500 Ex-Health Care ETF | 1.29% | 1.12% | 1.27% | 1.67% | 1.40% | 1.45% | 1.58% | 1.90% | 1.56% | 3.08% | 0.00% |
Drawdowns
SPXE vs. SPXV - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, smaller than the maximum SPXV drawdown of -34.34%. Use the drawdown chart below to compare losses from any high point for SPXE and SPXV. For additional features, visit the drawdowns tool.
Volatility
SPXE vs. SPXV - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Energy ETF (SPXE) is 13.55%, while ProShares S&P 500 Ex-Health Care ETF (SPXV) has a volatility of 14.47%. This indicates that SPXE experiences smaller price fluctuations and is considered to be less risky than SPXV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.