SPXT vs. VGT

Last updated Jun 23, 2026

SPXT (ProShares S&P 500 Ex-Technology ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - SPXT is a S&P 500 fund tracking the S&P 500 Ex-Information Technology Index, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, SPXT returned 11.61%/yr vs 25.96%/yr for VGT. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

SPXT vs. VGT - Performance Comparison

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

Returns By Period

In the year-to-date period, SPXT achieves a 3.53% return, which is significantly lower than VGT's 28.03% return. Over the past 10 years, SPXT has underperformed VGT with an annualized return of 11.61%, while VGT has yielded a comparatively higher 25.96% annualized return.

SPXT

• 1D: -0.56%
• 1M: -1.26%
• YTD: 3.53%
• 6M: 2.99%
• 1Y: 16.56%
• 3Y*: 16.02%
• 5Y*: 9.46%
• 10Y*: 11.61%

VGT

• 1D: 0.39%
• 1M: 4.11%
• YTD: 28.03%
• 6M: 26.85%
• 1Y: 54.06%
• 3Y*: 31.77%
• 5Y*: 20.58%
• 10Y*: 25.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXT vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXT ProShares S&P 500 Ex-Technology ETF	3.53%	15.10%	19.93%	16.23%	-14.24%	26.36%	10.44%	26.88%	-7.06%	16.99%
VGT Vanguard Information Technology ETF	28.03%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between SPXT and VGT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015	0.60

The correlation between SPXT and VGT shifts across timeframes, from 0.45 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

SPXT vs. VGT - Sectors Allocation Comparison

Sectors	SPXT	VGT
Financial Services	18.7%	0.5%
Communication Services	16.4%	0.5%
Consumer Cyclical	15.3%	0.1%
Healthcare	13.5%	0.0%
Industrials	12.8%	0.4%
Consumer Defensive	7.4%	-
Energy	4.9%	0.3%
Utilities	4.2%	-
Real Estate	2.9%	-
Basic Materials	2.8%	0.0%
Technology	0.9%	98.5%

Return for Risk

SPXT vs. VGT — Risk / Return Rank

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

SPXT

SPXT Risk / Return Rank: 47
SPXT Sharpe Ratio Rank: 47
SPXT Sortino Ratio Rank: 46
SPXT Omega Ratio Rank: 43
SPXT Calmar Ratio Rank: 44
SPXT Martin Ratio Rank: 54

VGT

VGT Risk / Return Rank: 69
VGT Sharpe Ratio Rank: 79
VGT Sortino Ratio Rank: 69
VGT Omega Ratio Rank: 70
VGT Calmar Ratio Rank: 68
VGT Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXT vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and Vanguard Information Technology ETF (VGT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPXT	VGT	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.43	-0.85
Sortino ratio: Return per unit of downside risk	2.25	2.99	-0.74
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.11	3.31	-1.21
Martin ratio: Return relative to average drawdown	9.07	10.16	-1.09

SPXT vs. VGT - Sharpe Ratio Comparison

The current SPXT Sharpe Ratio is 1.58, which is lower than the VGT Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SPXT and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPXT vs. VGT - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SPXT and VGT.

Drawdown Indicators

	SPXT	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-54.63%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-16.40%	+8.50%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-27.23%	+11.65%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-35.07%	+13.60%
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	-35.07%	+0.69%
Current Drawdown Current decline from peak	-1.96%	-4.18%	+2.22%
Average Drawdown Average peak-to-trough decline	-4.13%	-7.95%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	5.34%	-3.51%

Volatility

SPXT vs. VGT - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.49%, while Vanguard Information Technology ETF (VGT) has a volatility of 10.66%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXT	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	10.66%	-7.17%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	18.19%	-10.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	22.44%	-11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	25.50%	-10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	24.78%	-8.53%

SPXT vs. VGT - Expense Ratio Comparison

Both SPXT and VGT have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPXT vs. VGT - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.38%, more than VGT's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXT ProShares S&P 500 Ex-Technology ETF	1.38%	1.38%	1.29%	1.53%	1.86%	1.15%	1.63%	1.63%	2.03%	1.55%	2.67%	0.56%
VGT Vanguard Information Technology ETF	0.32%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both SPXT and VGT in my portfolio?

SPXT and VGT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPXT or VGT?

VGT has higher volatility (10.66%) compared to SPXT (3.49%). In terms of maximum drawdown, SPXT dropped -34.38% vs VGT's -54.63%.

Which ETF is better, SPXT or VGT?

On 10-year performance, VGT leads with 25.96% vs 11.61% for SPXT. Both ETFs have the same 0.09% expense ratio. On volatility, SPXT has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPXT or VGT?

Over the 10-year period, VGT has performed better with a 25.96% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPXT or VGT?

SPXT and VGT have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, SPXT or VGT?

SPXT has the higher dividend yield at 1.38%, compared with 0.32% for VGT.

What is the main difference between SPXT and VGT?

SPXT is categorized as S&P 500, while VGT is Technology Equities. SPXT tracks S&P 500 Ex-Information Technology Index, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Vanguard.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.43 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.