SPXT vs. SPXC
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and SPX Corporation (SPXC).
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 SPXC.
Key characteristics
| SPXT | SPXC | |
|---|---|---|
| YTD Return | 23.03% | 65.88% |
| 1Y Return | 31.66% | 89.98% |
| 3Y Return (Ann) | 7.55% | 36.75% |
| 5Y Return (Ann) | 12.12% | 28.72% |
| Sharpe Ratio | 3.36 | 2.94 |
| Sortino Ratio | 4.56 | 3.29 |
| Omega Ratio | 1.62 | 1.47 |
| Calmar Ratio | 4.54 | 5.96 |
| Martin Ratio | 24.59 | 19.06 |
| Ulcer Index | 1.39% | 5.15% |
| Daily Std Dev | 10.17% | 33.40% |
| Max Drawdown | -34.38% | -81.12% |
| Current Drawdown | -0.43% | -2.43% |
Correlation
The correlation between SPXT and SPXC is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXT vs. SPXC - Performance Comparison
In the year-to-date period, SPXT achieves a 23.03% return, which is significantly lower than SPXC's 65.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SPXT vs. SPXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and SPX Corporation (SPXC). 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.
Dividends
SPXT vs. SPXC - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, while SPXC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | 1.43% | 1.53% | 1.86% | 1.15% | 1.64% | 1.63% | 2.03% | 1.55% | 2.35% | 0.56% | 0.00% | 0.00% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.02% | 1.75% | 1.00% |
Drawdowns
SPXT vs. SPXC - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum SPXC drawdown of -81.12%. Use the drawdown chart below to compare losses from any high point for SPXT and SPXC. For additional features, visit the drawdowns tool.
Volatility
SPXT vs. SPXC - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.50%, while SPX Corporation (SPXC) has a volatility of 14.89%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than SPXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.