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ETFs

ProShares S&P 500 Ex-Technology ETF

SPXT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 22, 2015
Expense Ratio
0.09%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$94,992
AUM
$38,680,578
Associated Index
S&P 500 Ex-Information Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
4.44%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.93%
TSLA
Tesla Inc
2.56%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.52%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.51%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
2.49%
UNH
Unitedhealth Group Inc
1.78%
XOM
Exxon Mobil Corp.
1.74%
LLY
Lilly(Eli) & Co
1.66%
JPM
JPMorgan Chase & Co.
1.60%
Invest with SPXT

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, ILCV, EQWL

SPXT
ProShares Trust - ProShares S&P 500 Ex-Technology ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market 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 toSPXT

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPXT using Composer

News Related to SPXT

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Nov 3, 2020 • by Chris Katje
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FAQ

SPXT is a US Equities ETF. 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.

SPXT tracks the S&P 500 Ex-Information Technology Index.

No, SPXT 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, SPXT 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 SPXT is -0.0054%. This is the percent change in the value of SPXT over the most recent 1-month period. The 3-month return on SPXT is 0.0118%. This is the percent change in the value of SPXT over the most recent 3-month period.

The standard deviation of SPXT for the past year is 0.1553%. 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 SPXT include IVV, MDY, and IJR.

ETFs correlated to SPXT include JHML, ILCV, and EQWL.

ETFs that are inversely correlated to SPXT include SH, 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.