SPXT vs. USMV
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and iShares Edge MSCI Min Vol USA ETF (USMV).
SPXT and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both SPXT and USMV 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 USMV.
Key characteristics
| SPXT | USMV | |
|---|---|---|
| YTD Return | 22.97% | 21.29% |
| 1Y Return | 35.77% | 29.85% |
| 3Y Return (Ann) | 7.53% | 8.15% |
| 5Y Return (Ann) | 12.26% | 9.98% |
| Sharpe Ratio | 3.36 | 3.41 |
| Sortino Ratio | 4.56 | 4.82 |
| Omega Ratio | 1.62 | 1.65 |
| Calmar Ratio | 3.32 | 4.23 |
| Martin Ratio | 24.81 | 22.44 |
| Ulcer Index | 1.39% | 1.28% |
| Daily Std Dev | 10.25% | 8.45% |
| Max Drawdown | -34.38% | -33.10% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPXT and USMV is 0.70, 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. USMV - Performance Comparison
In the year-to-date period, SPXT achieves a 22.97% return, which is significantly higher than USMV's 21.29% 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. USMV - Expense Ratio Comparison
SPXT has a 0.27% expense ratio, which is higher than USMV's 0.15% 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%.
Risk-Adjusted Performance
SPXT vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, less than USMV's 1.60% yield.
| 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% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.60% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
SPXT vs. USMV - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for SPXT and USMV. For additional features, visit the drawdowns tool.
Volatility
SPXT vs. USMV - Volatility Comparison
ProShares S&P 500 Ex-Technology ETF (SPXT) has a higher volatility of 3.53% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.89%. This indicates that SPXT's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.