SPXT vs. VOO
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and Vanguard S&P 500 ETF (VOO).
SPXT and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SPXT and VOO 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 VOO.
Key characteristics
| SPXT | VOO | |
|---|---|---|
| YTD Return | 22.97% | 27.15% |
| 1Y Return | 35.77% | 39.90% |
| 3Y Return (Ann) | 7.53% | 10.28% |
| 5Y Return (Ann) | 12.26% | 16.00% |
| Sharpe Ratio | 3.36 | 3.15 |
| Sortino Ratio | 4.56 | 4.19 |
| Omega Ratio | 1.62 | 1.59 |
| Calmar Ratio | 3.32 | 4.60 |
| Martin Ratio | 24.81 | 21.00 |
| Ulcer Index | 1.39% | 1.85% |
| Daily Std Dev | 10.25% | 12.34% |
| Max Drawdown | -34.38% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
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.
Performance
SPXT vs. VOO - Performance Comparison
In the year-to-date period, SPXT achieves a 22.97% return, which is significantly lower than VOO's 27.15% 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. 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%.
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.
Dividends
SPXT vs. VOO - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 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.
Volatility
SPXT vs. VOO - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.53%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. 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.