ProShares - S&P 500 Ex-Financials ETF
$84.81−0.82 (−0.96%)
- Expense ratio
- 0.09%
- Fund size
- $80M
- 1Y return
- +19.6%
- Yield · Last 12 months
- 0.86%
- Holdings
- 398
- Volume · 30D
- 0M sh
- NAV per share
- $85.39
- 52W range
The ETF.net SPXN Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 73Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 35Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 33Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on SPXN
BThe S&P 500 with one sector cut out. SPXN holds the index minus banks, insurers and the rest of the financials sector, so you get large-cap America with the Wall Street slice removed.
SPXN is designed to provide large-cap S&P 500 exposure with the Financials sector excluded.
Why people hold it
- Costs 0.09% a year, below the typical large-cap ETF in its group.
- Does the one thing on the label: roughly 400 S&P 500 names with financials stripped out, tracked closely against its ex-financials benchmark.proshares.com
- Plain-vanilla plumbing: a 1940 Act index ETF running since 2015, paying distributions quarterly. No swaps, no leverage, no reset math.
- Sits in the upper half of its large-cap peer group on ETF.net's review.
Worth knowing
- Thinly traded, so spreads can be wider than the giants of the category. Limit orders matter more here.
- Broad large-cap alternatives run cheaper: SCHX and VV both charge 0.03%.
- Cutting a whole sector is an active call. Returns will drift from the plain S&P 500 in both directions, and the remaining sectors carry more weight.proshares.com
SPXN Holdings
- Stocks
- 398
- 45%
- NVDA
Sectors
- Technology44.8%
- Communication11.1%
- Consumer Discr.10.8%
- Health Care10.8%
- Industrials9.0%
- Cons. Staples5.2%
- Energy4.1%
- Utilities2.3%
- Materials2.0%
Geography
- United States98.11%
- Ireland1.22%
- United Kingdom0.42%
- Switzerland0.13%
- Netherlands0.10%
- Canada0.02%
SPXN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | SPXN |
|---|---|
| Year to date | +16.3% |
| 1 month | +2.2% |
| 3 months | +4.5% |
| 1 year | +19.6% |
| 3 years | +23.8% |
| 5 years | +14.4% |
| 10 years | +15.9% |
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 | SPXN |
|---|---|---|
| 2026 YTD | +16.3% | |
| 2025 | +18.7% | |
| 2024 | +24.3% | |
| 2023 | +28.6% | |
| 2022 | −18.9% | |
| 2021 | +27.0% | |
| 2020 | +22.1% |
SPXN in the news
ETF.net Research hasn’t filed on SPXN yet — coverage lands here as it’s written.
SPXN Dividends
- 0.86%
- $0.74
- $0.19 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.19 |
| Mar 25, 2026 | Mar 31, 2026 | $0.17 |
| Dec 24, 2025 | Dec 31, 2025 | $0.19 |
| Sep 24, 2025 | Sep 30, 2025 | $0.19 |
| Jun 25, 2025 | Jul 1, 2025 | $0.18 |
| Mar 26, 2025 | Apr 1, 2025 | $0.16 |
| Dec 23, 2024 | Dec 31, 2024 | $0.20 |
| Sep 25, 2024 | Oct 2, 2024 | $0.18 |
| Jun 26, 2024 | Jul 3, 2024 | $0.18 |
| Mar 20, 2024 | Mar 27, 2024 | $0.14 |
| Dec 20, 2023 | Dec 28, 2023 | $0.20 |
| Sep 20, 2023 | Sep 27, 2023 | $0.17 |
SPXN Risk
- 13.6%
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.
- 1.16
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.
- −24.5%
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.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPXN Cost
- The middle half of US Large-Cap funds
- Median 0.20%
5 of the 28 US Large-Cap funds charge less.