ProShares S&P 500 Ex-Technology ETF
Top 10 Holdings
What is SPXT?
ProShares S&P 500 Ex Technology ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Information Technology Index. Focuses on S&P 500 companies, except those in the information technology sector. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the information technology 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.
ETFs related toSPXT
ETFs correlated to SPXT include JHML, EQL, VLU
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.
Create your own algorithmic trading strategy with SPXT using Composer
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.