SPXE vs VOOV: Grades, Fees and Holdings Compared

ProShares S&P 500 Ex-Energy ETF

SPXEBNYSE Arca

Vanguard S&P 500 Value ETF

VOOVANYSE Arca

Overlap

58.2%by weight

Expense ratio

VOOV −0.02pt a year

SPXE0.09%VOOV0.07%

Avg volume · 30D

VOOV 70.8×the volume

SPXE970VOOV68.7K

10Y return · a year

SPXE +3.1pt

SPXE+15.4%VOOV+12.3%

SPXE vs VOOV Performance

Oct 29, 2021 – Oct 30, 2026

+72.7%SPXE+73.6%VOOV

Expense ratio: SPXE 0.09%; VOOV 0.07%, better
Fund size: SPXE $85M; VOOV $6.8B
1Y total return: SPXE +10.6%; VOOV +16.6%, better
Yield (12M): SPXE 0.92%; VOOV 1.62%, better
Holdings: SPXE 482; VOOV 442
Avg volume (30D): SPXE 970 sh; VOOV 68.7K sh, better
NAV per share: SPXE $80.91; VOOV $231.14
52W range

ETF.net Grade

Pillar letters and Scores for SPXE, VOOV, with each pillar’s weight
Pillar	SPXE	VOOV
Cost30% weight	A79	A88Higher
Mission25% weight	A100Higher	A87
Risk15% weight	B63	A82Higher
Tradability15% weight	D25	C52Higher
Holdings10% weight	C46	B69Higher
Durability5% weight	C52	A85Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPXE and VOOV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

VOOV ranks 4th and SPXE 11th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 4AVOTETCW Transform 500 ETFScore 79
Rank 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70
Rank 11BSPXEProShares S&P 500 Ex-Energy ETFScore 69
Rank 12BFINAFidelity MSCI North American Subset Index ETFScore 68

Our read on each fund

ETF.net Research

SPXEBProShares S&P 500 Ex-Energy ETF

VOOVAVanguard S&P 500 Value ETF

In short

SPXE The 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.

VOOV Vanguard takes the S&P 500, sorts it by value traits, and hands you the cheap half: roughly 400 familiar large caps, one published index, seven basis points. A value tilt without leaving the blue-chip universe.

Stated mandate

SPXE SPXE is intended to provide exposure to the S&P 500 while excluding companies classified in the energy sector.

VOOV The fund seeks to track the performance of the S&P 500 Value Index.

Why people hold it

SPXE Charges 0.09% a year, a fraction of the 0.45% median for funds in its index-tracking peer group.
One surgical edit, not a rebuild: it holds the S&P 500 and leaves out companies classified in the energy sector. Sector weights and mega-cap shape otherwise stay familiar.
Tracks the S&P 500 Ex-Energy Index very closely, one of the tighter index implementations in its peer group.
Running the same ex-energy mandate since 2015, with distributions paid quarterly.

VOOV Charges 0.07% a year against a 0.45% median for its index-tracker peer group. The value tilt arrives without the usual factor-fund markup.
No manager discretion. It follows one published benchmark, the S&P 500 Value Index, holding roughly 400 large-cap names most investors already know.vanguard.com
Running since 2010 and now a multi-billion-dollar fund, it sits among the strongest implementations in its peer group of plain index wrappers.

Worth knowing

SPXE Thinly traded for its category. Spreads matter more here than with the household-name S&P 500 trackers, so limit orders are the sane default.
A small fund next to the giant index products, which is worth knowing before sizing a large position.
Dropping a whole sector means returns move away from the full S&P 500 in both directions, and you give up energy's dividends and its inflation-hedge role.

VOOV SPYV tracks the same S&P 500 Value Index for 0.04%. Same benchmark, thinner fee.
You own one side of the index. When the growth half of the S&P 500 leads, this fund's path diverges from the headline benchmark.
Volume is moderate rather than heavy, so spreads can run wider than the busiest large-cap ETFs. Cash comes back quarterly, not monthly.

Full SPXE profile⁠

Full VOOV profile⁠

SPXE vs VOOV Holdings

How SPXE and VOOV differ

Overlap by weight

58.2%

Shared holdings make up 91.6% of VOOV and 61.0% of SPXE.

Level by level

Holdings411 in both58.2%
Sector11 Sectors73.5%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in SPXE and VOOV, widest gap first
Sector	More in SPXEMore in VOOV	SPXE	VOOV
Technology	SPXE +19.1 points	41.9%	22.8%
Energy	VOOV +7.7 points	0.0%	7.7%
Communication	SPXE +7.4 points	10.3%	2.9%
Consumer Staples	VOOV +4.1 points	4.5%	8.6%
Health Care	VOOV +3.6 points	9.6%	13.2%
Financials	VOOV +3.1 points	11.6%	14.7%
Industrials	VOOV +2.2 points	7.8%	10.0%
Utilities	VOOV +2.0 points	1.9%	3.9%
Materials	VOOV +1.7 points	1.6%	3.3%
Real Estate	VOOV +1.3 points	1.8%	3.1%
Consumer Discretionary	VOOV +0.8 points	9.0%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in SPXE and VOOV, widest gap first
Country	More in SPXEMore in VOOV	SPXE	VOOV
United States	VOOV +0.5 points	99.5%	100.0%
Switzerland	SPXE +0.3 points	0.3%	0.0%
China	SPXE +0.1 points	0.1%	0.0%
Mexico	SPXE +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SPXE38.7%
VOOV24.8%

Securities held

SPXE481
VOOV437

Asset class

SPXE: Equity
VOOV: Equity

Holdings

Only in SPXE70
In both411
Only in VOOV26

Only in SPXE

70 securities, 38.8% of SPXE by weight

NVIDIA Corp7.88%
Microsoft Corp6.17%
Alphabet Inc-Cl A2.61%
Broadcom Inc2.47%
Meta Platforms Inc-Class A2.16%
Alphabet Inc-Cl C2.10%
Eli Lilly & Co1.81%
Berkshire Hathaway Inc-Cl B1.61%
Micron Technology Inc1.59%
Advanced Micro Devices1.31%
Palantir Technologies Inc-A0.67%
Applied Materials Inc0.49%
Lam Research Corp0.48%
Caterpillar Inc0.46%
Rtx Corp0.43%
Netflix Inc0.41%
Crowdstrike Holdings Inc - A0.41%
Ge Vernova Inc0.36%
Kla Corp0.33%
Amphenol Corp-Cl A0.31%
Arista Networks Inc0.28%
Welltower Inc0.27%
Sandisk Corp0.27%
Intuitive Surgical Inc0.24%
Uber Technologies Inc0.21%
Newmont Corp0.18%
Booking Holdings Inc0.18%
Quanta Services Inc0.15%
Vertiv Holdings Co-A0.14%
Marriott International -Cl A0.14%
Hilton Worldwide Holdings In0.13%
Howmet Aerospace Inc0.13%
Datadog Inc - Class A0.13%
Royal Caribbean Cruises Ltd0.12%
Lumentum Holdings Inc0.12%
O'reilly Automotive Inc0.11%
Hca Healthcare Inc0.11%
Monster Beverage Corp0.11%
Doordash Inc - A0.11%
Robinhood Markets Inc - A0.11%
Transdigm Group Inc0.10%
Applovin Corp-Class A0.10%
Bloom Energy Corp- A0.10%
Monolithic Power Systems Inc0.09%
Vylor Inc0.08%
Ciena Corp0.07%
Comfort Systems Usa Inc0.07%
Vistra Corp0.07%
Idexx Laboratories Inc0.07%
Everpure Inc-A0.07%

Only in VOOV

26 securities, 8.3% of VOOV by weight

ExxonMobil Holdings Corp2.30%
Chevron Corp1.39%
ConocoPhillips0.52%
Valero Energy Corp0.38%
Marathon Petroleum Corp0.38%
Phillips 660.35%
Williams Cos Inc/The0.29%
Warner Bros Discovery Inc0.27%
SLB Ltd0.25%
EOG Resources Inc0.25%
Kinder Morgan Inc0.20%
Targa Resources Corp0.20%
Baker Hughes Co0.19%
ONEOK Inc0.18%
Corteva Inc0.18%
Devon Energy Corp0.17%
Occidental Petroleum Corp0.14%
Diamondback Energy Inc0.13%
Kenvue Inc0.12%
EQT Corp0.10%
Halliburton Co0.09%
Expand Energy Corp0.07%
Texas Pacific Land Corp0.07%
Apa Corp0.05%
SLCMT11420.00%
Hologic Inc - Cvr (April 2026)0.00%

Weight gaps

The 100 widest of 411 Holdings in both funds.

Holding weights in SPXE and VOOV, widest gap first
Holding	More in SPXEMore in VOOV	SPXE	VOOV
Intel CorpINTC	VOOV +1.53 points	0.52%	2.05%
Walmart IncWMT	VOOV +0.71 points	0.88%	1.59%
Bank of America CorpBAC	VOOV +0.70 points	0.52%	1.22%
Costco Wholesale CorpCOST	VOOV +0.67 points	0.71%	1.39%
Merck & Co. Inc.MRK	VOOV +0.64 points	0.59%	1.23%
Procter & Gamble Co/ThePG	VOOV +0.56 points	0.60%	1.16%
UnitedHealth Group IncUNH	VOOV +0.55 points	0.58%	1.13%
Tesla IncTSLA	SPXE +0.48 points	1.79%	1.31%
JPMorgan Chase & CoJPM	SPXE +0.46 points	1.43%	0.97%
Home Depot IncHD	VOOV +0.45 points	0.52%	0.97%
Thermo Fisher Scientific IncTMO	VOOV +0.45 points	0.41%	0.86%
Texas Instruments IncTXN	VOOV +0.44 points	0.44%	0.88%
Wells Fargo & CoWFC	VOOV +0.43 points	0.40%	0.83%
Citigroup IncC	VOOV +0.41 points	0.33%	0.74%
Qualcomm IncQCOM	VOOV +0.40 points	0.28%	0.68%
Linde PLCLIN	VOOV +0.37 points	0.38%	0.75%
Verizon Communications IncVZ	VOOV +0.35 points	0.30%	0.65%
Dell Technologies -CDELL	VOOV +0.36 points	0.20%	0.56%
Western Digital CorpWDC	VOOV +0.35 points	0.21%	0.56%
Salesforce IncCRM	VOOV +0.35 points	0.30%	0.65%
Apple IncAAPL	VOOV +0.35 points	8.00%	8.35%
Eaton Corp PLCETN	VOOV +0.34 points	0.23%	0.57%
AT&T IncT	VOOV +0.34 points	0.23%	0.57%
Analog Devices IncADI	VOOV +0.34 points	0.32%	0.66%
Schwab (Charles) CorpSCHW	VOOV +0.32 points	0.23%	0.55%
Walt Disney Co/TheDIS	VOOV +0.32 points	0.30%	0.62%
Mastercard Inc - AMA	SPXE +0.31 points	0.82%	0.51%
Deere & CoDE	VOOV +0.31 points	0.27%	0.58%
Pepsico IncPEP	VOOV +0.29 points	0.30%	0.59%
Abbott LaboratoriesABT	VOOV +0.30 points	0.29%	0.59%
Pfizer IncPFE	VOOV +0.28 points	0.28%	0.56%
Union Pacific CorpUNP	VOOV +0.27 points	0.29%	0.56%
Nextera Energy IncNEE	VOOV +0.26 points	0.28%	0.54%
BlackRock IncBLK	VOOV +0.26 points	0.26%	0.52%
Danaher CorpDHR	VOOV +0.25 points	0.23%	0.48%
Bristol-Myers Squibb CoBMY	VOOV +0.24 points	0.20%	0.44%
Prologis IncPLD	VOOV +0.23 points	0.19%	0.42%
Vertex Pharmaceuticals IncVRTX	VOOV +0.23 points	0.23%	0.46%
Capital One Financial CorpCOF	VOOV +0.21 points	0.20%	0.41%
Freeport-Mcmoran IncFCX	VOOV +0.21 points	0.14%	0.35%
Amazon.com IncAMZN	VOOV +0.20 points	3.75%	3.95%
Cvs Health CorpCVS	VOOV +0.20 points	0.18%	0.38%
Chubb LtdCB	VOOV +0.19 points	0.20%	0.39%
Equinix IncEQIX	VOOV +0.18 points	0.16%	0.34%
Medtronic PLCMDT	VOOV +0.18 points	0.20%	0.38%
Starbucks CorpSBUX	VOOV +0.18 points	0.19%	0.37%
Altria Group IncMO	VOOV +0.18 points	0.21%	0.39%
Hewlett Packard EnterpriseHPE	VOOV +0.17 points	0.12%	0.29%
Visa Inc-Class A SharesV	SPXE +0.17 points	1.12%	0.95%
Adobe IncADBE	VOOV +0.17 points	0.16%	0.33%
Lowe's Cos IncLOW	VOOV +0.17 points	0.19%	0.35%
Automatic Data ProcessingADP	VOOV +0.16 points	0.19%	0.35%
Us BancorpUSB	VOOV +0.16 points	0.15%	0.31%
Pnc Financial Services GroupPNC	VOOV +0.16 points	0.14%	0.30%
Mckesson CorpMCK	VOOV +0.15 points	0.18%	0.34%
Southern Co/TheSO	VOOV +0.16 points	0.17%	0.33%
T-Mobile Us IncTMUS	VOOV +0.15 points	0.12%	0.27%
Lockheed Martin CorpLMT	VOOV +0.15 points	0.21%	0.36%
Amgen IncAMGN	SPXE +0.15 points	0.40%	0.25%
Johnson & JohnsonJNJ	SPXE +0.15 points	1.05%	0.90%
Blackstone IncBX	VOOV +0.15 points	0.14%	0.29%
3M CoMMM	VOOV +0.15 points	0.14%	0.29%
Marvell Technology IncMRVL	VOOV +0.15 points	0.27%	0.42%
Duke Energy CorpDUK	VOOV +0.15 points	0.16%	0.31%
Synopsys IncSNPS	VOOV +0.15 points	0.14%	0.29%
Intercontinental Exchange InICE	VOOV +0.14 points	0.15%	0.29%
Csx CorpCSX	VOOV +0.15 points	0.15%	0.30%
Elevance Health IncELV	VOOV +0.14 points	0.14%	0.28%
Accenture Plc-Cl AACN	VOOV +0.14 points	0.25%	0.39%
Comcast Corp-Class ACMCSA	VOOV +0.13 points	0.13%	0.26%
Target CorpTGT	VOOV +0.13 points	0.11%	0.24%
Sherwin-Williams Co/TheSHW	VOOV +0.13 points	0.12%	0.25%
Keysight Technologies InKEYS	VOOV +0.13 points	0.08%	0.21%
Marsh & Mclennan CosMRSH	VOOV +0.13 points	0.15%	0.28%
Travelers Cos Inc/TheTRV	VOOV +0.13 points	0.13%	0.26%
Motorola Solutions IncMSI	VOOV +0.12 points	0.13%	0.25%
American Tower CorpAMT	VOOV +0.12 points	0.14%	0.26%
Waste Management IncWM	VOOV +0.12 points	0.14%	0.26%
Mondelez International Inc-AMDLZ	VOOV +0.12 points	0.13%	0.25%
The Cigna GroupCI	VOOV +0.12 points	0.13%	0.25%
Goldman Sachs Group IncGS	SPXE +0.11 points	0.41%	0.30%
Honeywell International IncHON	VOOV +0.12 points	0.11%	0.23%
Ecolab IncECL	VOOV +0.12 points	0.12%	0.24%
Norfolk Southern CorpNSC	VOOV +0.12 points	0.12%	0.24%
Moderna IncMRNA	VOOV +0.12 points	0.13%	0.25%
Illinois Tool WorksITW	VOOV +0.12 points	0.11%	0.23%
Paccar IncPCAR	VOOV +0.11 points	0.09%	0.20%
Colgate-Palmolive CoCL	VOOV +0.11 points	0.12%	0.23%
United Parcel Service-Cl BUPS	VOOV +0.11 points	0.13%	0.24%
Digital Realty Trust IncDLR	VOOV +0.11 points	0.10%	0.21%
Cintas CorpCTAS	VOOV +0.11 points	0.12%	0.23%
Regeneron PharmaceuticalsREGN	VOOV +0.11 points	0.15%	0.26%
General Motors CoGM	VOOV +0.11 points	0.12%	0.23%
American Electric PowerAEP	VOOV +0.11 points	0.11%	0.22%
Ametek IncAME	VOOV +0.11 points	0.09%	0.20%
Fedex CorpFDX	VOOV +0.11 points	0.11%	0.22%
Northrop Grumman CorpNOC	VOOV +0.10 points	0.12%	0.22%
Nxp Semiconductors NVNXPI	VOOV +0.11 points	0.10%	0.21%
Air Products & Chemicals IncAPD	VOOV +0.10 points	0.11%	0.21%
Fastenal CoFAST	VOOV +0.11 points	0.09%	0.20%

All 484 SPXE holdings⁠All 398 VOOV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPXE vs VOOV Cost

Overpaying SPXE vs VOOV

$418

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SPXE 0.09%
$1,898
VOOV 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

SPXE 0.09%
VOOV 0.07%
Overpaying

Year by year

Year	SPXE	VOOV	Overpaying
10	$165	$128	$37
20	$646	$503	$143
30	$1,898	$1,480	$418

Expense ratio

0.09%SPXE
0.07%VOOV, cheaper

VOOV0.07%SPXE0.09%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

VOOV 6th cheapest of 42 funds

SPXE 7th cheapest of 42 funds

SPXE vs VOOV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPXE 0.92%; VOOV 1.62%, better
Payout (12M): SPXE $0.74; VOOV $3.75
Last payment: SPXE $0.18; VOOV $0.95
Ex-dividend: SPXE Sep 23, 2026; VOOV Sep 23, 2026
Paid on: SPXE Sep 29, 2026; VOOV Sep 25, 2026
Frequency: SPXE Quarterly; VOOV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPXEQuarterly · 39 paymentsAll SPXE payments⁠

VOOVQuarterly · 39 paymentsAll VOOV payments⁠

SPXE vs VOOV Risk

Fall from peak · 5 years

SPXE
VOOV

Risk facts

VolatilityStd dev, 3 years: SPXE 12.9%VOOV 11.8%, better
Return per unit of riskSharpe ratio, 3 years: SPXE 1.37, betterVOOV 1.15
Worst fallMax drawdown, 5 years: SPXE −26.5%VOOV −18.1%, better
Market sensitivityBeta, 5 years: SPXE 1.03VOOV 0.84; Market = 1

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