SPXN vs. IJR
Compare and contrast key facts about ProShares S&P 500 Ex-Financials ETF (SPXN) and iShares Core S&P Small-Cap ETF (IJR).
SPXN and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXN is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Financials Index. It was launched on Sep 22, 2015. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both SPXN and IJR 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: SPXN or IJR.
Key characteristics
| SPXN | IJR | |
|---|---|---|
| YTD Return | 26.44% | 16.06% |
| 1Y Return | 38.36% | 39.21% |
| 3Y Return (Ann) | 10.57% | 2.70% |
| 5Y Return (Ann) | 16.55% | 10.50% |
| Sharpe Ratio | 2.86 | 1.82 |
| Sortino Ratio | 3.79 | 2.68 |
| Omega Ratio | 1.52 | 1.32 |
| Calmar Ratio | 4.03 | 1.67 |
| Martin Ratio | 17.75 | 10.61 |
| Ulcer Index | 2.09% | 3.52% |
| Daily Std Dev | 13.00% | 20.57% |
| Max Drawdown | -32.10% | -58.15% |
| Current Drawdown | 0.00% | -0.12% |
Correlation
The correlation between SPXN and IJR is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXN vs. IJR - Performance Comparison
In the year-to-date period, SPXN achieves a 26.44% return, which is significantly higher than IJR's 16.06% return. 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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SPXN vs. IJR - Expense Ratio Comparison
SPXN has a 0.27% expense ratio, which is higher than IJR's 0.07% 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
SPXN vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Financials ETF (SPXN) and iShares Core S&P Small-Cap ETF (IJR). 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
SPXN vs. IJR - Dividend Comparison
SPXN's dividend yield for the trailing twelve months is around 1.09%, less than IJR's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXN ProShares S&P 500 Ex-Financials ETF | 1.09% | 1.19% | 1.35% | 0.94% | 1.09% | 1.41% | 1.76% | 1.54% | 2.60% | 0.52% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.22% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SPXN vs. IJR - Drawdown Comparison
The maximum SPXN drawdown since its inception was -32.10%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SPXN and IJR. For additional features, visit the drawdowns tool.
Volatility
SPXN vs. IJR - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Financials ETF (SPXN) is 3.92%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.32%. This indicates that SPXN experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.