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ETFs

ProShares S&P 500 Ex-Health Care ETF

SPXV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 22 2015
Expense Ratio
0.09%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$34,247
AUM
$16,739,318
Associated Index
S&P 500 Ex-Health Care Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPXV

What is SPXV?

ProShares S&P 500 Ex-Health Care ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Health Care Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the health care 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. For example, the health care sector comprises companies in, among others, the health care provider, services, and technology industries. The index consists of companies from each of the sectors other than the health care sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

ETFs related toSPXV

ETFs correlated to SPXV include PBUS, IYY, VOTE

SPXV
ProShares Trust - ProShares S&P 500 Ex-Health Care ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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 toSPXV

#BTD

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Category

Featured, Technology Focus

Risk Rating

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Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

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Create your own algorithmic trading strategy with SPXV using Composer

FAQ

SPXV is a US Equities ETF. ProShares S&P 500 Ex-Health Care ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 Ex-Health Care Index. The index seeks to provide exposure to the companies of the S&P 500 with the exception of those companies included in the health care 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. For example, the health care sector comprises companies in, among others, the health care provider, services, and technology industries. The index consists of companies from each of the sectors other than the health care sector. Each security in the index is market-cap weighted according to the same rules as the S&P 500.

SPXV tracks the S&P 500 Ex-Health Care Index.

No, SPXV 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, SPXV 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 SPXV is -0.009%. This is the percent change in the value of SPXV over the most recent 1-month period. The 3-month return on SPXV is 0.0058%. This is the percent change in the value of SPXV over the most recent 3-month period.

The standard deviation of SPXV for the past year is 0.1845%. 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 SPXV include IVV, MDY, and IJR.

ETFs correlated to SPXV include PBUS, IYY, and VOTE.

ETFs that are inversely correlated to SPXV include SDS, SPXS, 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.