SPXN vs. SPUS
Compare and contrast key facts about ProShares S&P 500 Ex-Financials ETF (SPXN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
SPXN and SPUS 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. Both SPXN and SPUS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPXN vs. SPUS - Performance Comparison
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SPXN vs. SPUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXN ProShares S&P 500 Ex-Financials ETF | -3.95% | 18.74% | 24.35% | 28.57% | -18.87% | 27.04% | 22.15% | 1.17% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | -5.55% | 19.77% | 26.49% | 34.24% | -22.76% | 35.92% | 25.68% | 0.81% |
Returns By Period
In the year-to-date period, SPXN achieves a -3.95% return, which is significantly higher than SPUS's -5.55% return.
SPXN
- 1D
- 2.93%
- 1M
- -5.17%
- YTD
- -3.95%
- 6M
- -1.11%
- 1Y
- 20.91%
- 3Y*
- 18.58%
- 5Y*
- 12.14%
- 10Y*
- 14.97%
SPUS
- 1D
- 3.24%
- 1M
- -5.39%
- YTD
- -5.55%
- 6M
- -2.24%
- 1Y
- 24.49%
- 3Y*
- 19.34%
- 5Y*
- 13.72%
- 10Y*
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SPXN vs. SPUS - Expense Ratio Comparison
SPXN has a 0.27% expense ratio, which is lower than SPUS's 0.49% expense ratio.
Return for Risk
SPXN vs. SPUS — Risk / Return Rank
SPXN
SPUS
SPXN vs. SPUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Financials ETF (SPXN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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.
| SPXN | SPUS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.18 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.80 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.96 | -0.20 |
Martin ratioReturn relative to average drawdown | 8.30 | 8.40 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXN | SPUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.18 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.72 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.75 | +0.08 |
Correlation
The correlation between SPXN and SPUS is 0.95, 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.
Dividends
SPXN vs. SPUS - Dividend Comparison
SPXN's dividend yield for the trailing twelve months is around 1.03%, more than SPUS's 0.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXN ProShares S&P 500 Ex-Financials ETF | 1.03% | 0.98% | 1.12% | 1.19% | 1.35% | 0.94% | 1.09% | 1.41% | 1.76% | 1.54% | 2.60% | 0.52% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.63% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXN vs. SPUS - Drawdown Comparison
The maximum SPXN drawdown since its inception was -32.10%, roughly equal to the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for SPXN and SPUS.
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Drawdown Indicators
| SPXN | SPUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.10% | -30.80% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.76% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.47% | -28.06% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.10% | — | — |
Current DrawdownCurrent decline from peak | -6.60% | -7.77% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -6.35% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.98% | -0.40% |
Volatility
SPXN vs. SPUS - Volatility Comparison
ProShares S&P 500 Ex-Financials ETF (SPXN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) have volatilities of 5.79% and 6.04%, 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.
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Volatility by Period
| SPXN | SPUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 6.04% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 11.25% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 20.90% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 19.20% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 21.43% | -3.74% |