SPXT vs. SPXV
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and ProShares S&P 500 Ex-Health Care ETF (SPXV).
SPXT and SPXV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 SPXT 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: SPXT or SPXV.
Key characteristics
| SPXT | SPXV | |
|---|---|---|
| YTD Return | 22.97% | 29.26% |
| 1Y Return | 35.77% | 41.43% |
| 3Y Return (Ann) | 7.53% | 11.87% |
| 5Y Return (Ann) | 12.26% | 18.32% |
| Sharpe Ratio | 3.36 | 3.21 |
| Sortino Ratio | 4.56 | 4.19 |
| Omega Ratio | 1.62 | 1.60 |
| Calmar Ratio | 3.32 | 4.49 |
| Martin Ratio | 24.81 | 20.67 |
| Ulcer Index | 1.39% | 2.04% |
| Daily Std Dev | 10.25% | 13.18% |
| Max Drawdown | -34.38% | -34.34% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPXT and SPXV is 0.73, 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. SPXV - Performance Comparison
In the year-to-date period, SPXT achieves a 22.97% return, which is significantly lower than SPXV's 29.26% 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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SPXT vs. SPXV - Expense Ratio Comparison
Both SPXT 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
SPXT vs. SPXV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) 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.
Dividends
SPXT vs. SPXV - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, more than SPXV's 1.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPXV ProShares S&P 500 Ex-Health Care ETF | 1.14% | 1.27% | 1.67% | 1.40% | 1.45% | 1.58% | 1.90% | 1.56% | 3.08% | 0.00% |
Drawdowns
SPXT vs. SPXV - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, roughly equal to the maximum SPXV drawdown of -34.34%. Use the drawdown chart below to compare losses from any high point for SPXT and SPXV. For additional features, visit the drawdowns tool.
Volatility
SPXT vs. SPXV - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.53%, while ProShares S&P 500 Ex-Health Care ETF (SPXV) has a volatility of 4.19%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than SPXV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.