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ETFs

ProShares S&P 500 Ex-Energy ETF

SPXE
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 22, 2015
Expense Ratio
0.09%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$28,903
AUM
$35,267,039
Associated Index
S&P 500 Ex-Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPXE
Trade SPXE Options

What is SPXE?

ProShares S&P 500 Ex-Energy ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Energy Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the energy sector. The S&P 500 is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. The index classifies each company in the S&P 500 as part of a particular sector, using S&Ps Global Industry Classification Standards ("S&P GICS") to define companies within a sector. The following sectors are included within S&P GICS: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities. A sector comprises multiple industries. For example, the energy sector comprises companies in, among others, the natural gas, oil and petroleum industries. The index consists of companies from each of the sectors other than the energy sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

1M
3M
6M
YTD
1Y
3Y
Max
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SPXE
Performance Measures**

for the time period Sep 24, 2015 to Dec 4, 2025

Returns

1M Trailing Return: 1.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -32.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 17.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.91

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.48

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPXE

ETFs correlated to SPXE include SPUU, GSUS, PBUS

SPXE
ProShares Trust - ProShares S&P 500 Ex-Energy ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSPXE

KMLM Switcher + BWC: This is How I Beta Ball

Category

Tactical allocation, Trend-following, Mean reversion, Volatility hedging, Leveraged ETFs, Managed futures, Market timing

OOS Cumulative Return

37.5%

BIL Popcorn (GIL) | BWC | Anansi | DereckN | BrianE | Gobi - WM74 mod

Category

Tactical allocation, trend following, mean reversion, volatility-aware, leveraged ETFs, hedging, managed futures, market timing

OOS Cumulative Return

35.62%

Create your own algorithmic trading strategy with SPXE using Composer

FAQ

SPXE is a US Equities ETF. ProShares S&P 500 Ex-Energy ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Energy Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the energy sector. The S&P 500 is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. The index classifies each company in the S&P 500 as part of a particular sector, using S&Ps Global Industry Classification Standards ("S&P GICS") to define companies within a sector. The following sectors are included within S&P GICS: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities. A sector comprises multiple industries. For example, the energy sector comprises companies in, among others, the natural gas, oil and petroleum industries. The index consists of companies from each of the sectors other than the energy sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

SPXE tracks the S&P 500 Ex-Energy Index.

No, SPXE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPXE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPXE is -0.0119%. This is the percent change in the value of SPXE over the most recent 1-month period. The 3-month return on SPXE is -0.0015%. This is the percent change in the value of SPXE over the most recent 3-month period.

The standard deviation of SPXE for the past year is 0.1732%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPXE include IJH, MDY, and IJR.

ETFs correlated to SPXE include SPUU, GSUS, and PBUS.

ETFs that are inversely correlated to SPXE include SPXS, SDS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.