PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SPXV vs. SPXT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXV and SPXT is 0.73, 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.


-0.50.00.51.00.7

Performance

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

120.00%140.00%160.00%180.00%200.00%220.00%240.00%260.00%JulyAugustSeptemberOctoberNovemberDecember
246.96%
152.47%
SPXV
SPXT

Key characteristics

Sharpe Ratio

SPXV:

2.30

SPXT:

2.17

Sortino Ratio

SPXV:

3.03

SPXT:

2.91

Omega Ratio

SPXV:

1.42

SPXT:

1.40

Calmar Ratio

SPXV:

3.28

SPXT:

4.03

Martin Ratio

SPXV:

14.75

SPXT:

15.22

Ulcer Index

SPXV:

2.09%

SPXT:

1.47%

Daily Std Dev

SPXV:

13.37%

SPXT:

10.33%

Max Drawdown

SPXV:

-34.34%

SPXT:

-34.38%

Current Drawdown

SPXV:

-2.57%

SPXT:

-3.58%

Returns By Period

In the year-to-date period, SPXV achieves a 29.08% return, which is significantly higher than SPXT's 20.59% return.


SPXV

YTD

29.08%

1M

0.15%

6M

10.88%

1Y

29.37%

5Y*

17.08%

10Y*

N/A

SPXT

YTD

20.59%

1M

-1.54%

6M

9.86%

1Y

21.12%

5Y*

10.96%

10Y*

N/A

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. SPXT - Expense Ratio Comparison

Both SPXV and SPXT 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 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 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%

Risk-Adjusted Performance

SPXV vs. SPXT - 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-Technology ETF (SPXT). 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 2.30, compared to the broader market0.002.004.002.302.17
The chart of Sortino ratio for SPXV, currently valued at 3.03, compared to the broader market-2.000.002.004.006.008.0010.003.032.91
The chart of Omega ratio for SPXV, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.001.421.40
The chart of Calmar ratio for SPXV, currently valued at 3.28, compared to the broader market0.005.0010.0015.003.284.03
The chart of Martin ratio for SPXV, currently valued at 14.75, compared to the broader market0.0020.0040.0060.0080.00100.0014.7515.22
SPXV
SPXT

The current SPXV Sharpe Ratio is 2.30, which is comparable to the SPXT Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SPXV and SPXT, 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 Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.30
2.17
SPXV
SPXT

Dividends

SPXV vs. SPXT - Dividend Comparison

SPXV's dividend yield for the trailing twelve months is around 0.80%, less than SPXT's 1.01% yield.


TTM202320222021202020192018201720162015
SPXV
ProShares S&P 500 Ex-Health Care ETF
0.80%1.27%1.67%1.40%1.45%1.58%1.90%1.56%3.08%0.00%
SPXT
ProShares S&P 500 Ex-Technology ETF
1.01%1.53%1.86%1.15%1.64%1.63%2.03%1.55%2.35%0.56%

Drawdowns

SPXV vs. SPXT - Drawdown Comparison

The maximum SPXV drawdown since its inception was -34.34%, roughly equal to the maximum SPXT drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for SPXV and SPXT. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.57%
-3.58%
SPXV
SPXT

Volatility

SPXV vs. SPXT - Volatility Comparison

ProShares S&P 500 Ex-Health Care ETF (SPXV) has a higher volatility of 3.80% compared to ProShares S&P 500 Ex-Technology ETF (SPXT) at 3.43%. This indicates that SPXV's price experiences larger fluctuations and is considered to be riskier than SPXT 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%JulyAugustSeptemberOctoberNovemberDecember
3.80%
3.43%
SPXV
SPXT
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


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.

Copyright © 2024 PortfoliosLab