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SPXN vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXN and SPY is 0.83, 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. SPY - Performance Comparison

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

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Key characteristics

Sharpe Ratio

SPXN:

0.47

SPY:

0.57

Sortino Ratio

SPXN:

0.75

SPY:

0.87

Omega Ratio

SPXN:

1.11

SPY:

1.13

Calmar Ratio

SPXN:

0.45

SPY:

0.55

Martin Ratio

SPXN:

1.66

SPY:

2.11

Ulcer Index

SPXN:

5.26%

SPY:

4.91%

Daily Std Dev

SPXN:

20.41%

SPY:

20.35%

Max Drawdown

SPXN:

-32.10%

SPY:

-55.19%

Current Drawdown

SPXN:

-5.49%

SPY:

-5.23%

Returns By Period

In the year-to-date period, SPXN achieves a -1.62% return, which is significantly lower than SPY's -0.89% return.


SPXN

YTD

-1.62%

1M

6.46%

6M

-2.35%

1Y

8.91%

3Y*

15.58%

5Y*

15.65%

10Y*

N/A

SPY

YTD

-0.89%

1M

5.93%

6M

-2.13%

1Y

10.77%

3Y*

15.38%

5Y*

16.09%

10Y*

12.57%

*Annualized

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SPDR S&P 500 ETF

SPXN vs. SPY - Expense Ratio Comparison

SPXN has a 0.27% expense ratio, which is higher than SPY's 0.09% 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%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SPXN vs. SPY — Risk-Adjusted Performance Rank

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

SPXN
The Risk-Adjusted Performance Rank of SPXN is 5353
Overall Rank
The Sharpe Ratio Rank of SPXN is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXN is 5252
Sortino Ratio Rank
The Omega Ratio Rank of SPXN is 5252
Omega Ratio Rank
The Calmar Ratio Rank of SPXN is 5656
Calmar Ratio Rank
The Martin Ratio Rank of SPXN is 5454
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6262
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5959
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXN vs. SPY - Risk-Adjusted Performance Comparison

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


The current SPXN Sharpe Ratio is 0.47, which is comparable to the SPY Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of SPXN and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

SPXN vs. SPY - Dividend Comparison

SPXN's dividend yield for the trailing twelve months is around 1.16%, less than SPY's 1.24% yield.


TTM20242023202220212020201920182017201620152014
SPXN
ProShares S&P 500 Ex-Financials ETF
1.16%1.11%1.19%1.35%0.94%1.09%1.41%1.76%1.54%2.60%0.52%0.00%
SPY
SPDR S&P 500 ETF
1.24%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

SPXN vs. SPY - Drawdown Comparison

The maximum SPXN drawdown since its inception was -32.10%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPXN and SPY.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SPXN vs. SPY - Volatility Comparison

ProShares S&P 500 Ex-Financials ETF (SPXN) and SPDR S&P 500 ETF (SPY) have volatilities of 4.37% and 4.45%, 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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