SPXE vs. VOO
Compare and contrast key facts about ProShares S&P 500 Ex-Energy ETF (SPXE) and Vanguard S&P 500 ETF (VOO).
SPXE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SPXE and VOO 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 VOO.
Key characteristics
| SPXE | VOO | |
|---|---|---|
| YTD Return | 27.31% | 26.94% |
| 1Y Return | 35.76% | 35.06% |
| 3Y Return (Ann) | 9.69% | 10.23% |
| 5Y Return (Ann) | 15.64% | 15.77% |
| Sharpe Ratio | 3.09 | 3.08 |
| Sortino Ratio | 4.13 | 4.09 |
| Omega Ratio | 1.58 | 1.58 |
| Calmar Ratio | 4.40 | 4.46 |
| Martin Ratio | 19.84 | 20.36 |
| Ulcer Index | 1.93% | 1.85% |
| Daily Std Dev | 12.40% | 12.23% |
| Max Drawdown | -32.27% | -33.99% |
| Current Drawdown | -0.24% | -0.25% |
Correlation
The correlation between SPXE and VOO is 0.84, 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. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPXE having a 27.31% return and VOO slightly lower at 26.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPXE vs. VOO - Expense Ratio Comparison
SPXE has a 0.27% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPXE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SPXE's dividend yield for the trailing twelve months is around 1.11%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXE ProShares S&P 500 Ex-Energy ETF | 1.11% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SPXE vs. VOO - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPXE and VOO. For additional features, visit the drawdowns tool.
Volatility
SPXE vs. VOO - Volatility Comparison
ProShares S&P 500 Ex-Energy ETF (SPXE) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.79% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.