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ETFs

ProShares S&P 500 Ex-Financials ETF

SPXN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 22 2015
Expense Ratio
0.09%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$118,352
AUM
$38,135,346
Associated Index
S&P 500 Ex-Financials and Real Estate Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPXN

What is SPXN?

ProShares S&P 500 Ex-Financials ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Financials and Real Estate Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the financials & real estate 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 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 financials sector comprises companies in, among others, the banking, brokerage and insurance industries. The index consists of companies from each of the sectors other than the financials & real estate sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

ETFs related toSPXN

ETFs correlated to SPXN include PBUS, BKLC, IWL

SPXN
ProShares Trust - ProShares S&P 500 Ex-Financials ETF
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index 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
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 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.

Automated Strategies
Related toSPXN

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPXN using Composer

FAQ

SPXN is a US Equities ETF. ProShares S&P 500 Ex-Financials ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Financials and Real Estate Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the financials & real estate 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 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 financials sector comprises companies in, among others, the banking, brokerage and insurance industries. The index consists of companies from each of the sectors other than the financials & real estate sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

SPXN tracks the S&P 500 Ex-Financials and Real Estate Index.

No, SPXN 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, SPXN 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 SPXN is 0.0478%. This is the percent change in the value of SPXN over the most recent 1-month period. The 3-month return on SPXN is 0.1171%. This is the percent change in the value of SPXN over the most recent 3-month period.

The standard deviation of SPXN for the past year is 0.2075%. 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 SPXN include QQQ, IJR, and DIA.

ETFs correlated to SPXN include PBUS, BKLC, and IWL.

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

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.