SPXV vs. VGT
Compare and contrast key facts about ProShares S&P 500 Ex-Health Care ETF (SPXV) and Vanguard Information Technology ETF (VGT).
SPXV and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both SPXV and VGT 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 VGT.
Key characteristics
| SPXV | VGT | |
|---|---|---|
| YTD Return | 29.29% | 29.40% |
| 1Y Return | 40.16% | 41.46% |
| 3Y Return (Ann) | 12.20% | 12.41% |
| 5Y Return (Ann) | 18.17% | 23.00% |
| Sharpe Ratio | 3.15 | 1.94 |
| Sortino Ratio | 4.11 | 2.51 |
| Omega Ratio | 1.58 | 1.35 |
| Calmar Ratio | 4.42 | 2.68 |
| Martin Ratio | 20.32 | 9.65 |
| Ulcer Index | 2.04% | 4.22% |
| Daily Std Dev | 13.17% | 20.96% |
| Max Drawdown | -34.34% | -54.63% |
| Current Drawdown | -0.78% | -0.41% |
Correlation
The correlation between SPXV and VGT is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXV vs. VGT - Performance Comparison
The year-to-date returns for both investments are quite close, with SPXV having a 29.29% return and VGT slightly higher at 29.40%. 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. VGT - Expense Ratio Comparison
SPXV has a 0.27% expense ratio, which is higher than VGT's 0.10% 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%.
Risk-Adjusted Performance
SPXV vs. VGT - 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 Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
SPXV's dividend yield for the trailing twelve months is around 1.14%, more than VGT's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
SPXV vs. VGT - Drawdown Comparison
The maximum SPXV drawdown since its inception was -34.34%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SPXV and VGT. For additional features, visit the drawdowns tool.
Volatility
SPXV vs. VGT - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Health Care ETF (SPXV) is 4.27%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.28%. This indicates that SPXV experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.