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

Performance

SPXT vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500® Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.62%
13.28%
SPXT
XLG

Returns By Period

In the year-to-date period, SPXT achieves a 22.47% return, which is significantly lower than XLG's 31.02% return.


SPXT

YTD

22.47%

1M

2.71%

6M

13.18%

1Y

29.07%

5Y (annualized)

12.03%

10Y (annualized)

N/A

XLG

YTD

31.02%

1M

1.03%

6M

14.23%

1Y

34.86%

5Y (annualized)

18.37%

10Y (annualized)

14.89%

Key characteristics


SPXTXLG
Sharpe Ratio2.942.40
Sortino Ratio3.993.15
Omega Ratio1.531.44
Calmar Ratio4.763.13
Martin Ratio21.1212.97
Ulcer Index1.41%2.73%
Daily Std Dev10.10%14.74%
Max Drawdown-34.38%-52.39%
Current Drawdown-0.88%-1.41%

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SPXT vs. XLG - Expense Ratio Comparison

SPXT has a 0.27% expense ratio, which is higher than XLG's 0.20% 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 XLG: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.7

The correlation between SPXT and XLG is 0.71, 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. XLG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and Invesco S&P 500® Top 50 ETF (XLG). 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 2.94, compared to the broader market0.002.004.002.942.40
The chart of Sortino ratio for SPXT, currently valued at 3.99, compared to the broader market-2.000.002.004.006.008.0010.003.993.15
The chart of Omega ratio for SPXT, currently valued at 1.53, compared to the broader market0.501.001.502.002.503.001.531.44
The chart of Calmar ratio for SPXT, currently valued at 4.76, compared to the broader market0.005.0010.0015.004.763.13
The chart of Martin ratio for SPXT, currently valued at 21.12, compared to the broader market0.0020.0040.0060.0080.00100.0021.1212.97
SPXT
XLG

The current SPXT Sharpe Ratio is 2.94, which is comparable to the XLG Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SPXT and XLG, 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
2.94
2.40
SPXT
XLG

Dividends

SPXT vs. XLG - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.43%, more than XLG's 0.73% yield.


TTM20232022202120202019201820172016201520142013
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%
XLG
Invesco S&P 500® Top 50 ETF
0.73%0.97%1.34%0.94%1.25%1.58%2.00%1.85%2.00%2.09%1.97%1.97%

Drawdowns

SPXT vs. XLG - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for SPXT and XLG. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.88%
-1.41%
SPXT
XLG

Volatility

SPXT vs. XLG - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.54%, while Invesco S&P 500® Top 50 ETF (XLG) has a volatility of 4.76%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than XLG 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%7.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
4.76%
SPXT
XLG