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SPXT vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SPXT vs. VOO - 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 S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.03%
12.17%
SPXT
VOO

Returns By Period

In the year-to-date period, SPXT achieves a 21.67% return, which is significantly lower than VOO's 25.48% return.


SPXT

YTD

21.67%

1M

1.25%

6M

10.46%

1Y

28.96%

5Y (annualized)

11.95%

10Y (annualized)

N/A

VOO

YTD

25.48%

1M

0.99%

6M

11.84%

1Y

31.84%

5Y (annualized)

15.62%

10Y (annualized)

13.15%

Key characteristics


SPXTVOO
Sharpe Ratio2.922.69
Sortino Ratio3.973.59
Omega Ratio1.531.50
Calmar Ratio4.453.89
Martin Ratio21.0217.64
Ulcer Index1.40%1.86%
Daily Std Dev10.10%12.20%
Max Drawdown-34.38%-33.99%
Current Drawdown-1.53%-1.40%

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SPXT vs. VOO - Expense Ratio Comparison

SPXT has a 0.27% expense ratio, which is higher than VOO's 0.03% 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%.


SPXT
ProShares S&P 500 Ex-Technology ETF
Expense ratio chart for SPXT: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.8

The correlation between SPXT and VOO is 0.78, 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.

Risk-Adjusted Performance

SPXT vs. VOO - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for SPXT, currently valued at 2.92, compared to the broader market0.002.004.006.002.922.69
The chart of Sortino ratio for SPXT, currently valued at 3.97, compared to the broader market-2.000.002.004.006.008.0010.0012.003.973.59
The chart of Omega ratio for SPXT, currently valued at 1.53, compared to the broader market0.501.001.502.002.503.001.531.50
The chart of Calmar ratio for SPXT, currently valued at 4.45, compared to the broader market0.005.0010.0015.004.453.89
The chart of Martin ratio for SPXT, currently valued at 21.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.0217.64
SPXT
VOO

The current SPXT Sharpe Ratio is 2.92, which is comparable to the VOO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of SPXT and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.92
2.69
SPXT
VOO

Dividends

SPXT vs. VOO - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.44%, more than VOO's 1.25% yield.


TTM20232022202120202019201820172016201520142013
SPXT
ProShares S&P 500 Ex-Technology ETF
1.44%1.53%1.86%1.15%1.64%1.63%2.03%1.55%2.35%0.56%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.25%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

SPXT vs. VOO - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPXT and VOO. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.53%
-1.40%
SPXT
VOO

Volatility

SPXT vs. VOO - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.60%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.60%
4.10%
SPXT
VOO