SPXV vs. SPXU
Compare and contrast key facts about ProShares S&P 500 Ex-Health Care ETF (SPXV) and ProShares UltraPro Short S&P500 (SPXU).
SPXV and SPXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXV is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Health Care Index. It was launched on Sep 22, 2015. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. Both SPXV and SPXU 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: SPXV or SPXU.
Key characteristics
| SPXV | SPXU | |
|---|---|---|
| YTD Return | 29.29% | -46.47% |
| 1Y Return | 40.16% | -57.31% |
| 3Y Return (Ann) | 12.20% | -28.74% |
| 5Y Return (Ann) | 18.17% | -46.81% |
| Sharpe Ratio | 3.15 | -1.57 |
| Sortino Ratio | 4.11 | -2.83 |
| Omega Ratio | 1.58 | 0.69 |
| Calmar Ratio | 4.42 | -0.57 |
| Martin Ratio | 20.32 | -1.47 |
| Ulcer Index | 2.04% | 38.93% |
| Daily Std Dev | 13.17% | 36.40% |
| Max Drawdown | -34.34% | -99.98% |
| Current Drawdown | -0.78% | -99.98% |
Correlation
The correlation between SPXV and SPXU is -0.74. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPXV vs. SPXU - Performance Comparison
In the year-to-date period, SPXV achieves a 29.29% return, which is significantly higher than SPXU's -46.47% 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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SPXV vs. SPXU - Expense Ratio Comparison
SPXV has a 0.27% expense ratio, which is lower than SPXU's 0.93% expense ratio.
Risk-Adjusted Performance
SPXV vs. SPXU - 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 UltraPro Short S&P500 (SPXU). 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
SPXV vs. SPXU - Dividend Comparison
SPXV's dividend yield for the trailing twelve months is around 1.14%, less than SPXU's 11.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXV ProShares S&P 500 Ex-Health Care ETF | 1.14% | 1.27% | 1.67% | 1.40% | 1.45% | 1.58% | 1.90% | 1.56% | 3.08% | 0.00% |
SPXU ProShares UltraPro Short S&P500 | 11.84% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% | 0.00% | 0.00% |
Drawdowns
SPXV vs. SPXU - Drawdown Comparison
The maximum SPXV drawdown since its inception was -34.34%, smaller than the maximum SPXU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SPXV and SPXU. For additional features, visit the drawdowns tool.
Volatility
SPXV vs. SPXU - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Health Care ETF (SPXV) is 4.27%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 11.84%. This indicates that SPXV experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.