SPXT vs. ES=F
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and S&P 500 E-Mini Futures (ES=F).
SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXT or ES=F.
Correlation
The correlation between SPXT and ES=F is 0.79, 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
SPXT vs. ES=F - Performance Comparison
Key characteristics
SPXT:
0.57
ES=F:
0.24
SPXT:
0.89
ES=F:
0.48
SPXT:
1.13
ES=F:
1.07
SPXT:
0.59
ES=F:
0.24
SPXT:
2.54
ES=F:
0.96
SPXT:
3.63%
ES=F:
5.00%
SPXT:
16.30%
ES=F:
19.09%
SPXT:
-34.38%
ES=F:
-57.11%
SPXT:
-8.24%
ES=F:
-9.95%
Returns By Period
In the year-to-date period, SPXT achieves a -2.77% return, which is significantly higher than ES=F's -6.50% return.
SPXT
-2.77%
-1.83%
-1.45%
9.15%
13.34%
N/A
ES=F
-6.50%
-1.30%
-5.32%
8.15%
12.65%
9.54%
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Risk-Adjusted Performance
SPXT vs. ES=F — Risk-Adjusted Performance Rank
SPXT
ES=F
SPXT vs. ES=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and S&P 500 E-Mini Futures (ES=F). 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.
Drawdowns
SPXT vs. ES=F - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum ES=F drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for SPXT and ES=F. For additional features, visit the drawdowns tool.
Volatility
SPXT vs. ES=F - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 12.01%, while S&P 500 E-Mini Futures (ES=F) has a volatility of 14.96%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than ES=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.