ProShares S&P 500 Ex-Energy ETF
The ETF.net SPXE Grade
B
Score 69 out of 100
- 11 of 42
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 7 of 42Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 30Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 12 of 42Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 35 of 42Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 27 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 21 of 42
Our read on SPXE
In short
BThe S&P 500 with the oil and gas names lifted out. Same roughly 500-stock large-cap core, one sector missing, at a fee far below what its index-fund peer group typically charges.
Stated mandate
SPXE is intended to provide exposure to the S&P 500 while excluding companies classified in the energy sector.
Why people hold it
Worth knowing
SPXE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SPXE$11,057
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPXE |
|---|---|
| Year to date | +10.3% |
| 1 month | −1.4% |
| 3 months | +0.9% |
| 1 year | +10.6% |
| 3 years | +23.4% |
| 5 years | +11.5% |
| 10 years | +15.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPXE |
|---|---|---|
| 2026 YTD | +10.3% | |
| 2025 | +18.0% | |
| 2024 | +25.7% | |
| 2023 | +27.7% | |
| 2022 | −20.6% | |
| 2021 | +27.9% | |
| 2020 | +20.6% |
SPXE in the news
SPXE Dividends
- 0.92%
- $0.74
- $0.18 per share
- Quarterly
SPXE Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SPXE Cost
Overpaying vs SCHK, cheapest in Other Major Indexes
$1,260
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SPXE 0.09%
$1,898
SCHK 0.03% Cheapest
$638
Cost over time
Year by year
| Year | SPXE | SCHK | Overpaying |
|---|---|---|---|
| 10 | $165 | $55 | $110 |
| 20 | $646 | $216 | $430 |
| 30 | $1,898 | $638 | $1,260 |
You pay 0.09%Waived by ProShares 0.04%
Full fee 0.13% waiver 0.04% you pay 0.09%
Other funds in Other Major Indexes
- AUSSGXtrackers MSCI USA Selection Equity ETFExpense ratio 0.09%1 year return +12.3%
- AIVOGVanguard S&P Mid-Cap 400 Growth ETFExpense ratio 0.10%1 year return +12.7%
- BFINAFidelity MSCI North American Subset Index ETFExpense ratio 0.09%1 year return
- BXOEXXtrackers S&P 100 Ex Top 20 ETFExpense ratio 0.15%1 year return +16.1%
- BIVOVVanguard S&P Mid-Cap 400 Value ETFExpense ratio 0.10%1 year return +15.7%
