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SPXV vs. SPXN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXV and SPXN is 0.92, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

SPXV vs. SPXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Health Care ETF (SPXV) and ProShares S&P 500 Ex-Financials ETF (SPXN). The values are adjusted to include any dividend payments, if applicable.

180.00%200.00%220.00%240.00%260.00%NovemberDecember2025FebruaryMarchApril
193.43%
187.27%
SPXV
SPXN

Key characteristics

Sharpe Ratio

SPXV:

-0.05

SPXN:

-0.18

Sortino Ratio

SPXV:

0.04

SPXN:

-0.13

Omega Ratio

SPXV:

1.01

SPXN:

0.98

Calmar Ratio

SPXV:

-0.05

SPXN:

-0.17

Martin Ratio

SPXV:

-0.25

SPXN:

-0.84

Ulcer Index

SPXV:

3.65%

SPXN:

3.59%

Daily Std Dev

SPXV:

17.08%

SPXN:

16.53%

Max Drawdown

SPXV:

-34.34%

SPXN:

-32.10%

Current Drawdown

SPXV:

-18.34%

SPXN:

-17.83%

Returns By Period

The year-to-date returns for both investments are quite close, with SPXV having a -14.73% return and SPXN slightly higher at -14.46%.


SPXV

YTD

-14.73%

1M

-13.49%

6M

-11.32%

1Y

0.19%

5Y*

18.02%

10Y*

N/A

SPXN

YTD

-14.46%

1M

-13.34%

6M

-12.57%

1Y

-1.89%

5Y*

16.73%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPXV vs. SPXN - Expense Ratio Comparison

Both SPXV and SPXN have an expense ratio of 0.27%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


SPXV
ProShares S&P 500 Ex-Health Care ETF
Expense ratio chart for SPXV: current value is 0.27%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXV: 0.27%
Expense ratio chart for SPXN: current value is 0.27%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXN: 0.27%

Risk-Adjusted Performance

SPXV vs. SPXN — Risk-Adjusted Performance Rank

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

SPXV
The Risk-Adjusted Performance Rank of SPXV is 3232
Overall Rank
The Sharpe Ratio Rank of SPXV is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXV is 3232
Sortino Ratio Rank
The Omega Ratio Rank of SPXV is 3333
Omega Ratio Rank
The Calmar Ratio Rank of SPXV is 3333
Calmar Ratio Rank
The Martin Ratio Rank of SPXV is 3131
Martin Ratio Rank

SPXN
The Risk-Adjusted Performance Rank of SPXN is 2121
Overall Rank
The Sharpe Ratio Rank of SPXN is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXN is 2222
Sortino Ratio Rank
The Omega Ratio Rank of SPXN is 2121
Omega Ratio Rank
The Calmar Ratio Rank of SPXN is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SPXN is 1818
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXV vs. SPXN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Health Care ETF (SPXV) and ProShares S&P 500 Ex-Financials ETF (SPXN). 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 SPXV, currently valued at -0.05, compared to the broader market-1.000.001.002.003.004.005.00
SPXV: -0.05
SPXN: -0.18
The chart of Sortino ratio for SPXV, currently valued at 0.04, compared to the broader market-2.000.002.004.006.008.0010.00
SPXV: 0.04
SPXN: -0.13
The chart of Omega ratio for SPXV, currently valued at 1.01, compared to the broader market0.501.001.502.002.50
SPXV: 1.01
SPXN: 0.98
The chart of Calmar ratio for SPXV, currently valued at -0.05, compared to the broader market0.005.0010.0015.00
SPXV: -0.05
SPXN: -0.17
The chart of Martin ratio for SPXV, currently valued at -0.25, compared to the broader market0.0020.0040.0060.0080.00100.00
SPXV: -0.25
SPXN: -0.84

The current SPXV Sharpe Ratio is -0.05, which is higher than the SPXN Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of SPXV and SPXN, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.05
-0.18
SPXV
SPXN

Dividends

SPXV vs. SPXN - Dividend Comparison

SPXV's dividend yield for the trailing twelve months is around 1.34%, which matches SPXN's 1.34% yield.


TTM2024202320222021202020192018201720162015
SPXV
ProShares S&P 500 Ex-Health Care ETF
1.34%1.12%1.27%1.67%1.40%1.45%1.58%1.90%1.56%3.08%0.00%
SPXN
ProShares S&P 500 Ex-Financials ETF
1.34%1.11%1.19%1.35%0.94%1.09%1.41%1.76%1.54%2.60%0.52%

Drawdowns

SPXV vs. SPXN - Drawdown Comparison

The maximum SPXV drawdown since its inception was -34.34%, which is greater than SPXN's maximum drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for SPXV and SPXN. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-18.34%
-17.83%
SPXV
SPXN

Volatility

SPXV vs. SPXN - Volatility Comparison

ProShares S&P 500 Ex-Health Care ETF (SPXV) has a higher volatility of 10.00% compared to ProShares S&P 500 Ex-Financials ETF (SPXN) at 9.38%. This indicates that SPXV's price experiences larger fluctuations and is considered to be riskier than SPXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.00%
9.38%
SPXV
SPXN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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