SPXT vs. VTV

Last updated Jun 4, 2026

SPXT (ProShares S&P 500 Ex-Technology ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - SPXT is a S&P 500 fund tracking the S&P 500 Ex-Information Technology Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, SPXT returned 11.34%/yr vs 12.48%/yr for VTV. A 0.76 correlation means they provide meaningful diversification when combined. SPXT charges 0.09%/yr vs 0.04%/yr for VTV.

Performance

SPXT vs. VTV - 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 Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXT achieves a 2.70% return, which is significantly lower than VTV's 12.30% return. Over the past 10 years, SPXT has underperformed VTV with an annualized return of 11.34%, while VTV has yielded a comparatively higher 12.48% annualized return.

SPXT

• 1D: -0.15%
• 1M: -1.41%
• YTD: 2.70%
• 6M: 3.39%
• 1Y: 15.02%
• 3Y*: 16.34%
• 5Y*: 9.16%
• 10Y*: 11.34%

VTV

• 1D: 0.01%
• 1M: 4.23%
• YTD: 12.30%
• 6M: 13.12%
• 1Y: 26.25%
• 3Y*: 18.28%
• 5Y*: 11.24%
• 10Y*: 12.48%

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

SPXT vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXT ProShares S&P 500 Ex-Technology ETF	2.70%	15.10%	19.93%	16.23%	-14.24%	26.36%	10.44%	26.88%	-7.06%	16.99%
VTV Vanguard Value ETF	12.30%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between SPXT and VTV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015	0.76

The correlation between SPXT and VTV shifts across timeframes, from 0.76 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.

SPXT vs. VTV - Sectors Allocation Comparison

Sectors	SPXT	VTV
Financial Services	18.0%	22.3%
Communication Services	17.0%	3.3%
Consumer Cyclical	15.9%	4.0%
Healthcare	13.5%	14.5%
Industrials	12.2%	14.0%
Consumer Defensive	7.3%	9.4%
Energy	5.1%	8.1%
Utilities	4.1%	5.2%
Real Estate	2.9%	2.8%
Basic Materials	2.8%	3.1%
Technology	1.0%	13.4%

Return for Risk

SPXT vs. VTV — Risk / Return Rank

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

SPXT

SPXT Risk / Return Rank: 41
SPXT Sharpe Ratio Rank: 40
SPXT Sortino Ratio Rank: 41
SPXT Omega Ratio Rank: 38
SPXT Calmar Ratio Rank: 38
SPXT Martin Ratio Rank: 49

VTV

VTV Risk / Return Rank: 79
VTV Sharpe Ratio Rank: 78
VTV Sortino Ratio Rank: 82
VTV Omega Ratio Rank: 77
VTV Calmar Ratio Rank: 79
VTV Martin Ratio Rank: 79

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. VTV - 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 Value ETF (VTV). 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.

	SPXT	VTV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.61	-1.15
Sortino ratio: Return per unit of downside risk	2.11	3.74	-1.63
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.91	4.15	-2.24
Martin ratio: Return relative to average drawdown	8.32	15.69	-7.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXT vs. VTV - Sharpe Ratio Comparison

The current SPXT Sharpe Ratio is 1.46, which is lower than the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SPXT and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPXT	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.61	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.81	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.75	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.51	+0.21

Drawdowns

SPXT vs. VTV - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SPXT and VTV.

Drawdown Indicators

	SPXT	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-59.27%	+24.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-6.35%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-14.52%	-1.06%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-17.04%	-4.43%
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	-36.78%	+2.40%
Current Drawdown Current decline from peak	-2.52%	0.00%	-2.52%
Average Drawdown Average peak-to-trough decline	-4.14%	-7.87%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.68%	+0.13%

Volatility

SPXT vs. VTV - Volatility Comparison

ProShares S&P 500 Ex-Technology ETF (SPXT) and Vanguard Value ETF (VTV) have volatilities of 2.57% and 2.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXT	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.52%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	7.55%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	10.11%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	13.88%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	16.67%	-0.44%

SPXT vs. VTV - Expense Ratio Comparison

SPXT has a 0.09% expense ratio, which is higher than VTV's 0.04% 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%.

Dividends

SPXT vs. VTV - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.39%, less than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXT ProShares S&P 500 Ex-Technology ETF	1.39%	1.38%	1.29%	1.53%	1.86%	1.15%	1.63%	1.63%	2.03%	1.55%	2.67%	0.56%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both SPXT and VTV in my portfolio?

SPXT and VTV have a correlation of 0.81, 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 VTV?

SPXT has higher volatility (2.57%) compared to VTV (2.52%). In terms of maximum drawdown, SPXT dropped -34.38% vs VTV's -59.27%.

Which ETF is better, SPXT or VTV?

On 10-year performance, VTV leads with 12.48% vs 11.34% for SPXT. On fees, VTV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPXT or VTV?

Over the 10-year period, VTV has performed better with a 12.48% return vs 11.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPXT or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.09% for SPXT.

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

VTV has the higher dividend yield at 1.86%, compared with 1.39% for SPXT.

What is the main difference between SPXT and VTV?

SPXT is categorized as S&P 500, while VTV is Large Cap Value Equities. SPXT tracks S&P 500 Ex-Information Technology Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.09% for SPXT and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.61 vs 1.46), 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.