SPXT
ProShares S&P 500 Ex-Technology 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 tech sector.
US
EQUITY
Passive
MANAGEMENT STYLE
61.5 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) | $62 |
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
AMAZON.COM INC | 5.3 % |
META PLATFORMS INC | 3.2 % |
ALPHABET INC. CLASS A | 3.1 % |
ALPHABET INC. CLASS C | 2.6 % |
BERKSHIRE HATHAWAY INC-CL B | 2.5 % |
ELI LILLY & CO | 2.0 % |
JPMORGAN CHASE & CO | 1.9 % |
TESLA MOTORS INC | 1.9 % |
EXXON MOBIL CORP | 1.7 % |
UNITEDHEALTH GROUP INC | 1.7 % |
Constituent Breakdown
Number of holdings | 437 |
Herfindahl-Hirschman Index | 110 |
Wgt avg mkt cap (mns) | $465,631 |
Large cap (>$10bn) | 99.2% |
Mid cap ($2-10bn) | 0.6% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.4 % | |
IRELAND | 1.5 % | |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 16.2% | 23.0% | 16.2% | 6.7% | 12.2% | -- | 11.7% | Volatility | 9.3% | 10.1% | 15.0% | 15.2% | 19.1% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.89 | 95% |
MSCI EAFE | 0.84 | 80% |
MSCI Emg Mkts | 0.63 | 43% |
Liquidity Measures
Avg. volume (000) | 3 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.09% |
ADV of underlying (mns) | $132,022 |
Technical Indicators
Recent close | $86.67 |
30d moving avg. | $87.25 |
Annualized volatility | 16.4% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 4.6% |
Short interest (underlying) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. SPXT |
Expenses vs. SPXT |
ALTAR Score™ vs. SPXT |
---|---|---|---|---|
USCA | Xtrackers MSCI USA Climate Action Equity ETF | 70.3% | -2 bp | -0.2% |
ILCV | iShares Morningstar Value ETF | 69.5% | -5 bp | +0.9% |
USCL | iShares Climate Conscious & Transition MSCI USA ETF | 69.2% | -1 bp | -0.3% |
VOOV | Vanguard S&P 500 Value ETF | 69.0% | +1 bp | +1.0% |
IVE | iShares S&P 500 Value ETF | 68.9% | +9 bp | +0.9% |
SPYV | SPDR Portfolio S&P 500 Value ETF | 68.9% | -5 bp | +1.0% |
IVV | iShares Core S&P 500 ETF | 68.9% | -6 bp | -0.2% |
VOO | Vanguard S&P 500 ETF | 68.8% | -6 bp | -0.2% |
SPY | SPDR S&P 500 ETF Trust | 68.7% | +0 bp | -0.3% |
SPLG | SPDR Portfolio S&P 500 ETF | 68.7% | -7 bp | -0.2% |
Risk and Returns: SPXT 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 9/6/2024
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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
SPXT
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™
SPXT
5.6%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. SPXT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places SPXT in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPXTSELL
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 |
SPXT (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) |
|
---|---|---|---|
SPXT | 9.0 | 9.3 | 18.3 |
Peer Avg. | 25.5 | 9.7 | 35.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .