SPXN vs. SPXE

Last updated Jun 16, 2026

SPXN (ProShares S&P 500 Ex-Financials ETF) and SPXE (ProShares S&P 500 Ex-Energy ETF) are both S&P 500 funds from ProShares - SPXN tracks the S&P 500 Ex-Financials and Real Estate Index while SPXE tracks the S&P 500 Ex-Energy Index. Both are passively managed. Both charge a 0.09% expense ratio.

Performance

SPXN vs. SPXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Financials ETF (SPXN) and ProShares S&P 500 Ex-Energy ETF (SPXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXN

• 1D: 1.86%
• 1M: 1.64%
• YTD: 12.64%
• 6M: 13.30%
• 1Y: 31.35%
• 3Y*: 21.71%
• 5Y*: 14.66%
• 10Y*: 16.16%

SPXE

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXN vs. SPXE - Yearly Performance Comparison

	2026 (YTD)
SPXN ProShares S&P 500 Ex-Financials ETF	1.86%
SPXE ProShares S&P 500 Ex-Energy ETF	-0.21%

SPXN vs. SPXE - Sectors Allocation Comparison

Sectors	SPXN	SPXE
Technology	43.7%	39.2%
Communication Services	11.7%	10.7%
Consumer Cyclical	11.0%	9.7%
Healthcare	10.1%	9.0%
Industrials	9.1%	8.1%
Consumer Defensive	5.5%	4.8%
Energy	3.8%	0.0%
Utilities	3.0%	2.6%
Basic Materials	2.0%	1.8%
Financial Services	-	11.9%
Real Estate	-	1.9%

Return for Risk

SPXN vs. SPXE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXN

SPXN Risk / Return Rank: 78
SPXN Sharpe Ratio Rank: 81
SPXN Sortino Ratio Rank: 77
SPXN Omega Ratio Rank: 79
SPXN Calmar Ratio Rank: 72
SPXN Martin Ratio Rank: 82

SPXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXN vs. SPXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Financials ETF (SPXN) and ProShares S&P 500 Ex-Energy ETF (SPXE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPXN	SPXE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.40	—	—
Martin ratio: Return relative to average drawdown	14.99	—	—

Drawdowns

SPXN vs. SPXE - Drawdown Comparison

The maximum SPXN drawdown since its inception was -32.10%, which is greater than SPXE's maximum drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for SPXN and SPXE.

Drawdown Indicators

	SPXN	SPXE	Difference
Max Drawdown Largest peak-to-trough decline	-32.10%	-0.21%	-31.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.10%	—	—
Current Drawdown Current decline from peak	-1.41%	-0.21%	-1.20%
Average Drawdown Average peak-to-trough decline	-4.00%	-0.21%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	—	—

Volatility

Volatility by Period

	SPXN	SPXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	—	—

SPXN vs. SPXE - Expense Ratio Comparison

Both SPXN and SPXE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPXN vs. SPXE - Dividend Comparison

SPXN's dividend yield for the trailing twelve months is around 0.88%, while SPXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPXN ProShares S&P 500 Ex-Financials ETF	0.88%	0.98%	1.12%	1.19%	1.35%	0.94%	1.09%	1.41%	1.76%	1.54%	2.60%	0.52%

Frequently Asked Questions

Which ETF is better, SPXN or SPXE?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXN or SPXE?

SPXN and SPXE have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, SPXN or SPXE?

SPXN has the higher dividend yield at 0.88%, compared with 0.00% for SPXE.

What is the main difference between SPXN and SPXE?

SPXN tracks S&P 500 Ex-Financials and Real Estate Index, while SPXE tracks S&P 500 Ex-Energy Index.