SPXN vs. SPXV
Compare and contrast key facts about ProShares S&P 500 Ex-Financials ETF (SPXN) and ProShares S&P 500 Ex-Health Care ETF (SPXV).
SPXN and SPXV 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. 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 SPXN 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: SPXN or SPXV.
Correlation
The correlation between SPXN and SPXV is 0.93, 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
SPXN vs. SPXV - Performance Comparison
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Key characteristics
SPXN:
0.61
SPXV:
0.80
SPXN:
0.96
SPXV:
1.22
SPXN:
1.14
SPXV:
1.18
SPXN:
0.61
SPXV:
0.83
SPXN:
2.29
SPXV:
3.14
SPXN:
5.23%
SPXV:
5.23%
SPXN:
20.39%
SPXV:
21.00%
SPXN:
-32.10%
SPXV:
-34.34%
SPXN:
-3.05%
SPXV:
-2.05%
Returns By Period
In the year-to-date period, SPXN achieves a 0.92% return, which is significantly lower than SPXV's 2.29% return.
SPXN
0.92%
13.62%
1.50%
12.25%
16.85%
16.11%
N/A
SPXV
2.29%
14.68%
2.54%
16.58%
18.94%
17.86%
N/A
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SPXN vs. SPXV - Expense Ratio Comparison
Both SPXN 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
SPXN vs. SPXV — Risk-Adjusted Performance Rank
SPXN
SPXV
SPXN vs. SPXV - Risk-Adjusted Performance 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-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.
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Dividends
SPXN vs. SPXV - Dividend Comparison
SPXN's dividend yield for the trailing twelve months is around 1.13%, which matches SPXV's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPXN ProShares S&P 500 Ex-Financials ETF | 1.13% | 1.11% | 1.19% | 1.35% | 0.94% | 1.09% | 1.41% | 1.76% | 1.54% | 2.60% | 0.52% |
SPXV ProShares S&P 500 Ex-Health Care ETF | 1.12% | 1.12% | 1.27% | 1.67% | 1.40% | 1.45% | 1.58% | 1.90% | 1.56% | 3.08% | 0.00% |
Drawdowns
SPXN vs. SPXV - Drawdown Comparison
The maximum SPXN drawdown since its inception was -32.10%, smaller than the maximum SPXV drawdown of -34.34%. Use the drawdown chart below to compare losses from any high point for SPXN and SPXV. For additional features, visit the drawdowns tool.
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Volatility
SPXN vs. SPXV - Volatility Comparison
ProShares S&P 500 Ex-Financials ETF (SPXN) and ProShares S&P 500 Ex-Health Care ETF (SPXV) have volatilities of 5.49% and 5.44%, 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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