SPXE
ProShares S&P 500 Ex-Energy ETF
The ProShares S&P 500 Ex-Energy ETF tracks a market cap-weighted index of US large- and midcap stocks (the S&P 500), excluding firms in the energy sector.
US
EQUITY
Passive
MANAGEMENT STYLE
56.7 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 22, 2015 |
| Assets (mns) | $57 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 7.2 % |
| APPLE INC | 7.1 % |
| NVIDIA CORP | 6.3 % |
| AMAZON.COM INC | 3.8 % |
| META PLATFORMS INC | 2.3 % |
| ALPHABET INC. CLASS A | 2.2 % |
| ALPHABET INC. CLASS C | 1.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.8 % |
| BROADCOM INC. | 1.5 % |
| ELI LILLY & CO | 1.5 % |
Constituent Breakdown
| Number of holdings | 482 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $901,051 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
IRELAND | 1.6 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -39.2% | -30.3% | -11.9% | -13.7% | 0.4% | -- | 6.6% | Volatility | 12.8% | 12.5% | 14.1% | 17.5% | 20.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 39% |
| MSCI EAFE | 1.03 | 27% |
| MSCI Emg Mkts | 0.66 | 11% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $317,777 |
Technical Indicators
| Recent close | $63.04 |
| 30d moving avg. | $62.03 |
| Annualized volatility | 35.1% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 3.7% |
| Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPXE |
Expenses vs. SPXE |
ALTAR Score™ vs. SPXE |
|---|---|---|---|---|
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 93.9% | +11 bp | -0.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 93.5% | -2 bp | +0.1% |
| VOTE | TCW Transform 500 ETF | 92.8% | -4 bp | +0.0% |
| IVV | iShares Core S&P 500 ETF | 92.5% | -6 bp | +0.2% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 92.5% | -7 bp | +0.1% |
| VOO | Vanguard S&P 500 ETF | 92.4% | -6 bp | +0.1% |
| SPY | SPDR S&P 500 ETF Trust | 92.4% | +0 bp | +0.1% |
| SPLG | SPDR Portfolio S&P 500 ETF | 92.4% | -7 bp | +0.2% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 90.6% | -9 bp | +0.1% |
| VV | Vanguard Large-Cap ETF | 90.3% | -5 bp | +0.0% |
Risk and Returns: SPXE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SPXE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SPXE
4.9%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SPXE's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SPXE in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPXESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SPXE (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPXE | 9.0 | 7.8 | 16.8 |
| Peer Avg. | 26.7 | 10.4 | 37.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .